The pro-TARP constituency

I traveled to Long Island and Connecticut this week to report on some House races, and found that all three Democratic congressmen I covered — John Himes, Chris Murphy, and Rob Bishop — began their remarks by defending the Wall Street bailout.

My column today discusses these races and this phenomenon, but I never got to make it to New York's 19th District where Rep. John Hall (D) faces a tough reelection. Turns out, the Gannett papers there think Hall's TARP vote is one reason voters should re-elect him:

Hall voted for the Bush administration's TARP, the Troubled Asset Relief Program, which kept Wall Street and the rest of the economy from going over a cliff….

Hayworth's government-should-butt-out-of-almost-everything view is at odds with the view of many independent economists, who viewed the imperfect TARP as a necessary evil — something to repair a hemorrhaging stock market in 2008

(h/t to Seth Michaels' twitter feed.)

Beltway ConfidentialUS

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