They call her flipper, flipper…
Thursday, August 19th, 2010Update to ‘Both Ways Betsy’ where I criticized Congresswoman Betsy Markey for her latest TV ads.
Referring to the 2008 TARP bailout legislation, Markey claims in her ad, “Maybe it’s my 20 years as a small-business owner, but these Wall Street bailouts really offend me… No one ever gave me a bailout.”
I reminded readers of the other bailouts that didn’t offend her quite so much because she voted for them. That’s bad enough, but now I find out (courtesy of a reader) that during the 2008 campaign Markey criticized then current Congresswoman Marilyn Musgrave for — guess what? That’s right, opposing the TARP bailout — the bailout that she finds so offensive.
In a Wall Street Journal article dated September 24, 2008, Musgrave stood up to the president (and many others in her own party) and opposed TARP. She said at the time:
For years, Americans on Main Street have heard about the lavish excesses of Wall Street. We heard about their mansions, exotic cars and, above all, record profits… Now, the party is over, and the same bankers are asking working families across the country to bear the consequences of their excess and greed. I refuse to burden families already struggling with soaring energy and food prices with bailing out investment banks that made bad decisions.
The WSJ also spoke with Markey who scolded Musgrave, calling her opposition to TARP a “hasty move.”
Ms. Markey called her opponent’s statement a “hasty move” that demonstrated her inability to cooperate on important issues in Washington. ‘A lot of experts are still looking at options, and my opponent has already made up her mind’ she said in an interview Tuesday. Ms. Markey added that, like many in Congress, she wanted changes to the original Treasury Department proposal, such as requiring any rescue bill to include greater market regulation and to protect taxpayer money.
Maybe Markey wouldn’t have voted for the original TARP bailout but not because bailouts “offend” her but because it didn’t go far enough. Let’s send Congresswoman Markey a new pair of flip-flops, she is wearing out her current pair at a rapid pace.

