Romney Slams Bailouts That He Used to Support

September 19, 2009 | Last updated: July 31, 2020

Mitt Romney at the Values Voter Summit this morning:

When government is trying to take over health care, buying car companies, bailing out banks, and giving half the White House staff the title of czar – we have every good reason to be alarmed and to speak our mind!

Romney at the Conservative Political Action Conference in February:

I know we didn’t all agree on TARP. I believe that it was necessary to prevent a cascade of bank collapses. For free markets to work, there has to be a currency and a functioning financial system.

To be fair, in that speech Romney said that TARP should not have been used to rescue car companies. But the opposition to bank bailouts is new. Opposition to TARP has been a motivating force in the Tea Party movement, a possible reason for the softening here.

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