Huckabee's Mad as Heck

The good pastor has some choice words for some of his fellow Republicans: You're big, bad bullies who are insane to be asking the American people to pay to bail Wall Street out of its financial troubles.

Mike Huckabee, former Arkansas governor, pastor, and Republican presidential hopeful, apparently is not only joining many of the other rank-in-file GOP members who think we shouldn't interfere in the market and use taxpayer money to get it back on track, but he thinks such a plan - without oversight or accountability - might possibly be unconstitutional.

"Frankly, I'm disappointed and disgusted with my own Republican party as I watch them attempt to strong-arm a bailout of some of America's biggest corporations by asking the taxpayers to suck up the staggering results of the hubris, greed, and arrogance of those who sought to make a quick buck by throwing the dice," Huckabee said in an e-mail to Huck PAC supporters today.

"They lost, but want the rest of us to cover their bets so they won't be effected in their lavish lifestyles as they figure out how to spend their tens of millions and in some cases, hundreds of millions in bonuses and compensation which was their reward for not only sinking their companies, but basically doing the same to the entire American economy."
He also seems to be taking the whole thing pretty personally, saying, "it's especially disconcerting to see the very people who pilloried me during the Presidential campaign for being a 'populist' and not 'understanding Wall Street' to now line up like thirsty dogs at the Washington, D. C. water dish, otherwise known as Congress, and plead for help. I thought these guys were the smartest people in America! I thought that taxpayers like you and I were similar to the people at the U. N. who have no translator speaking into their headset - that we just needed to trust those that I called the power bunch in the 'Wall Street to Washington axis of power.'

Thirsty dogs? Ouch.

Huckebee refers to the federal government as "Uncle Sugar," who steps in and bails out the billionaires.

"Wall Street has become Las Vegas east, but at least in Vegas, people KNOW they are gambling and they don't expect the government to cover their losses at the tables. In Wall Street, they do. And the American taxpayer burdens the responsibility," he adds.

So what does Huck think Congress should do?

For starters:

1. Eliminate all capital gains taxes and taxes on savings and dividends immediately. Free up the capital and encourage investment.

2. Repeal Sarbanes/Oxley, the 2002 law that established new standards for public companies, among other things, in response to major corporate and accounting scandals. It's clearly not working, he says.

3. Demand that the executives whose firms needed to be bailed out or are on the rocks, and are begging the feds for money, be forced to pay back the losses of their companies. (Obviously, this isn't very realistic - but making them work for money to pay the taxpayers back with and having them live like your average Joe might be punishment enough.) Don't put them in jail - that costs us money, too.

What do YOU think about Huck's ideas?

I'd also love to hear what Mitt Romney thinks.