Or maybe I should call this “Of chickens and Republicans and roosting”.
From the Associated Press comes this article today: Republicans suffering for 2008 bank bailout vote:
Some of Congress’ staunchest conservatives voted two years ago to prop up the nation’s banking industry. At the time, they saw a threat to American business. Now the emergency is their own political survival.
In dozens of races around the country, challengers are hammering away at the bank bailout and deriding Republican lawmakers they claim spent billions to rescue Wall Street, not Main Street.
Awwww. Poor li’l GOPosaurs. You spent the past year castigating the bank bailout as part of Obama’s secret socialist agenda and now you’re getting hoisted on your own roosting chicken petard.
Even in politics, which is notorious for its mood swings, the change in perceptions about the economic rescue is striking. It is now part of the especially dark cloud hanging over many incumbents. And it shows the presence of the ultra-conservative tea party movement, which hasn’t proven yet it can help candidates but has shown it can hurt some.
Yeah, they can’t help you but they sure as hell can hurt you.
Reading the article you see that the Club for Growth is playing a role in this. That puts them squarely in the Tea Party camp which none of us would ever argue with, methinks.
It’s been over a year since the banks were bailed out. The economy is on the mend, many of the banks were pulled back from the brink and Wall Street reform is imminent. None of this is helping the GOP, though. According the article:
Oddly, the perception has worsened as the program’s balance sheet has improved. The Treasury Department now estimates the government will earn a profit from dividends, interest, early repayments and other income.
We’re actually making a profit, believe it or not, from bailing out the banks. However, their chutzpah with regard to bonuses for their main Big Guys has most of America wanting bank CEOs’ heads on platters of various sorts. Democrats are pushing for more solid regulation. Teabaggers are pushing to put more ardently conservative types in Congress. Yeah, those guys are sure to bring in more government regulation. Good call.
At the end of the day, I’m crying Tears of the CrocodileTM. I’ll gladly cheer on as the teabaggers tear apart the foundations of the Republican party in their quest for conservative purism.
Bring on the popcorn.
I’m just sayin’…