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The Public Policy

Libertarian Populism

A free-market message in the bailout vote.

(Page 2 of 4)

17% ) are even lower. And unlike the term-limited president, most members of Congress are running for re-election. p>So extreme is the government's credibility shortage that even dire warnings of economic collapse failed to stir popular support for a taxpayer rescue of the financial industry. One poll last week found only 25 percent of voters favored the bailout plan. p>Members of Congress didn't need to consult the polls to know how unpopular the bailout was — their phones were ringing off the hook with calls from citizens angrily opposed to the plan. California Democratic Rep. Brad Sherman AS HREF=http://latimesblogs.latimes.com/laland/2008/09/valley-congress.html TARGET=BLANK>said /A> calls were running 300-to-2 against the bailout. Ohio Republican Rep. Steve Chabot's office reported 350 e-mails opposing the bill, and only 10 in support. p>Many of those denouncing the bailout did so in libertarian terms that would have warmed Ayn Rand's heart. “Privatizing profits and socializing losses on a scale we have never seen before in our lifetimes,” Michelle Malkin said in reaction to the Sept. 19 press conference where Treasury Secretary Henry Paulson announced the plan. “The fundamentals of capitalism have been sabotaged.” p>House conservatives in the Republican Study Committee offered their own market-oriented plan
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topics:
Bill Clinton, Global Warming, Conservatism

About the Author

Robert Stacy McCain is co-author (with Lynn Vincent) of Donkey Cons: Sex, Crime, and Corruption in the Democratic Party (Nelson Current). He blogs at The Other McCain.

Letter to the Editor View all comments (16) |

Pingback| 2.12.09 @ 12:42PM

Moe Lane » Not to be all self-reflexive and stuff… links to this page. Here’s an excerpt:

…grievance against David Brooks and his “national greatness” idiocy. The constituency for “national greatness” could meet in phone booth, whereas the potential constituency for libertarian populism is enormous. …is something that I’m down with.  Particularly the “raising hell” bits.  I personally can’t wait, in fact. Fun days ahead, nu? Moe Lane *Same-sex marriage,…

Pingback| 2.12.09 @ 12:49PM

Not to be all self-reflexive and stuff… - Moe_Lane’s blog - RedState links to this page. Here’s an excerpt:

…grievance against David Brooks and his “national greatness” idiocy. The constituency for “national greatness” could meet in phone booth, whereas the potential constituency for libertarian populism is enormous. …is something that I’m down with. Particularly the “raising hell” bits. I personally can’t wait, in fact. Fun days ahead, nu? Moe Lane *Same-sex marriage,…

Pingback| 8.11.09 @ 9:53PM

Tom Knapp and Robert Stacy McCain debate direction of Libertarian Party | Independent links to this page. Here’s an excerpt:

…cCain called “probably farfetched” at the time. And what, pray tell, did we get out of the Barr nomination? Dixiecrat vaudeville — a campaign which McCain himself trumpeted as the resurrection of George Wallace, and which turned in the fourth-best results (as a percentage of the vote total) of the Libertarian Party’s ten presidential outings. Our reward for taking a flier and running a…

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