December 30th, 2008
09:23 AM ET

RNC set to rip Bush's bailouts

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2008/images/12/30/art.vert.bush.afghanistan.jpg width=292 height=320]

Ralph Z. Hallow
The Washington Times

In what would amount to a slap in the face to a sitting Republican president and the party's Senate and House leaders, national GOP officials, including the vice chairman of the Republican National Committee, are sponsoring a resolution opposing the resort to "socialist" means to save capitalism.

"We can't be a party of small government, free markets and low taxes while supporting bailouts and nationalizing industries, which lead to big government, socialism and high taxes at the expense of individual liberty and freedoms," said Solomon Yue, a cosponsor of a resolution that would put the RNC - the party's national governing body - on the record as opposing the U.S. government bailouts of the financial and auto industries.

Republican National Vice Chairman and constitutional law attorney James Bopp Jr. authored the resolution and is asking the rest of the 168 voting members of the committee to sign it.


soundoff (4 Responses)
  1. Kathy

    Aren't they a day late & a dollar short? TOO late!

    The RNC is grasping at straws to keep themselves relevant.

    December 30, 2008 at 3:39 pm |
  2. earle,florida

    Where ya been for the last twenty-five years ,with your head in the sand,...

    December 30, 2008 at 1:47 pm |
  3. Larry L.

    If it can be "undone",then by all means "undoit"!!!!!

    December 30, 2008 at 1:34 pm |
  4. Cindy

    I'm not surprised that the RNC is going to go after Bush on these bailouts. They weren't too keen on them to begin with. They were made to believe with out them the economy would fail and with them it would get better. But they now see that they were a bit too fast at giving in and that Wall Street and the banks have duped them. They should have had restrictions laid on them like the auto industry. So I'm not shocked that they are mad at Bush and others because nothing has changed for the better since we gave the bailouts.


    December 30, 2008 at 12:07 pm |