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Why Rep. Paul Ryan Voted for TARP?

Ryan said his vote for the bailout was influenced by Jonah Goldberg's Liberal Fascism, a popular book among conservatives that argues that Nazism and other fascist movements were actually left wing in origin, and his belief that a second Depression would threaten capitalism—and rescue Obama's presidency.

"I'm a limited-government, free-enterprise guy, but TARP... represented a moment where we had no good options and we were about to fall into a deflationary spiral," he said. "I believe Obama would not only have won, but would have been able to sweep through a huge statist agenda very quickly because there would have been no support for the free-market system."

He couched his support for the auto bailout in similar terms, saying that he feared the bill's failure would have led the Obama administration to use TARP funds in order to rescue the industry with less congressional oversight instead.

“A lot of these votes are defensive votes," he said. "A lot of them are not votes you want to take but under the circumstances they're the best path forward."

http://www.thedailybeast.com/blogs-and-stories/2010-02-10/paul-ryans-sacred-cow-slaughter/2/

Tags: Ryan   Bailout  
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