September 24, 2008

"WE DO NOT SUPPORT GOV'T BAILOUTS OF PRIVATE INSTITUTIONS. Gov't Interference in the Markets Exacerbates Problems in the Marketplace . . .

and causes the free market to take longer to correct itself." (Emphasis supplied.)

From the 2008 Republican Party Platform adopted earlier this month.

P.S.: Did you catch (from The Washington Post), "The White House budget office said yesterday that it has decided not to incorporate mortgage-finance giants Fannie Mae and Freddie Mac into the federal budget, citing the temporary nature of the Treasury Department's takeover and 'the level of federal ownership' of the firms."

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