The bank bailouts probably saved the world economy from a great depression. They also violated the everyday sense of fairness of millions of Americans, Republicans and Democrats alike.
Angry Democrats can be mollified a little by the Obama message. “Yes, the bankers got a huge handout. But see, I have a smaller handout for you.”
Republicans are unappeased. They want handouts for nobody.
Unfortunately, people eager for a strong message can be undiscriminating about the messenger. I remember in the late 1970s how much conservatives disliked Jimmy Carter’s “age of limits” message. We believed in growth, opportunity, technology – so much so that many of my friends fell (briefly) victim to Lyndon Larouche’s mad ideology, which exploited those good themes to bad ends.
The same holds true today for the Ron Paul ideology. Conservatives do not want to believe that the bank bailouts averted a financial collapse. That desire renders them vulnerable to the Paulites, who positively welcome a financial collapse as a necessary prelude to the construction of their gold-standard utopia – a fantasy world in which the fluctuations of the credit market are eliminated by the worse-than-the-disease cure of abolishing most forms of credit in the first place. [em-mine]
Purged Ex-GOP Comrade David Frum
This is an example of the Wingnuttariat buying into the phony ideology known as Free Market Fundamentalism. After a generation of chicanery from GOP elites, the unwashed masses believe in this nonsense.
Have fun with it fellows. You have nobody to blame but the middle aged white guy that you see in the mirror each morning.