Tag Archives: Bailouts

The ‘Bailout’ Santorum Denies

Rick Santorum says, “I didn’t vote for a steel bailout.” But in fact, the former Pennsylvania senator voted in 1999 for the Emergency Steel Loan Guarantee Program, which was dubbed a “bailout” by multiple news organizations at the time. The loan guarantee program Santorum supported was much smaller than the …
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Flipping Through DNC Playbook on Romney

The Democratic National Committee casts Mitt Romney as an untrustworthy flip-flopper in a lengthy Web video, but pads a long list of examples with some falsehoods and distortions. It’s true that Romney has changed or modified his position on some major issues — including abortion, a federal assault weapons ban and Reaganomics, as the DNC says. But the video strains the truth …
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Did Lugar ‘Bail Out’ NYC?

Club for Growth exaggerates when it claims Sen. Richard Lugar voted to bail out New York City "back in the 1970s" at a cost of $9.4 billion. Lugar was mayor of Indianapolis when Congress passed the famous 1975 New York City bailout. He did vote for a 1978 bill that …
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‘Bailout’ Baloney

This campaign season, “bailout” is a dirty — and often misused — word. It’s no longer being used just in reference to Wall Street banks and the rescue of the financial industry. Candidates, corporations and special interest groups increasingly use “bailout” even when no government financial assistance is being proposed. …
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