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Santorum's Revisionist History of Bailouts Santorum's Revisionist History of Bailouts

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Santorum's Revisionist History of Bailouts

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Republican presidential candidate, former Pennsylvania Sen. Rick Santorum speaks during a Economic Club of Detroit luncheon in Detroit, Thursday, Feb. 16, 2012. (AP Photo/Paul Sancya)  (AP Photo/Paul Sancya)

Rick Santorum's fierce condemnation of "bailouts" before the Detroit Economics Club on Thursday was a good ideological fix for those who like to mainline pure market smack. But Santorum's remarks misrepresented or ignored so much of the actual history of the financial catastrophe of 2008 and the auto industry crisis that they raise questions about how well he understands that history. Not to mention economics. Not to mention the job of president.

 

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