So why did he say possibly the most blatantly false statement anyone has said in this entire lie-happy election season?
Coleman told the Mankato Free Press (the paper that routinely gets beaten like a pinata by the Strib and the Pioneer Press on Vikings training camp stories despite seemingly holding home field advantage) that not only is the bailout not going to cost any money, but that it will turn a profit down the road.
“The government could make 10 or 20 times what it pays on this, possibly,” Coleman said during a campaign stop at Christy’s Cafe in North Mankato Saturday morning.
Coleman said the government takeover of Freddie Mac, Fannie Mae, AIG and others was necessary but said “I worry a little bit,” about the government spending perhaps a trillion dollars or more to shore up failing financial institutions.
Coleman now says he presumes he wasn't talking about this particular bailout, but bailouts in general. That would seem to make his use of the phrase "could make" a misquote, although Coleman isn't denying the quote the MFP used.
Look, no one likes the bailout, but we all accept it as an inevitability. Politicians don't like it because it makes them look like hypocrites when they talk about not wasting taxpayer money, even though they pretty much have to vote for it anyway. The people being bailed out don't like it because it basically means they've failed at life. Citizens don't like it because a ton of out money has to pay for it and we get absolutely nothing in return.
He's still going to win, but Coleman just killed his credibility on economic matters.
No comments:
Post a Comment