Tags: michael | reagan | bailout

Michael Reagan: Wall Street Bailout 'Robbery'

Sunday, 21 Sep 2008 07:08 PM

By Phil Brennan

The runaway government bailout of Wall Street at taxpayer expense is nothing less than "robbery,” according to Michael Reagan.

The top-rated talk-show host and Newsmax columnist told the 5 million listeners of "The Michael Reagan Show" on Friday that their pockets and those of their fellow Americans were being picked clean by the panic-driven bailout.

"Democrats Franklin Raines, Jim Johnson, Jamie Gorelick, Penny Pritzker, Chris Dodd and Barney Frank are robbing the American taxpayer, and Republicans in the House and Senate had been tapped to drive the getaway car," said Reagan.

“In a political system where well-paid Democrat operatives can enrich themselves at the expense of the American people with zero downside, there is no incentive to behave properly, when the taxpayer will bail you out. Enough is enough, bad decisions have consequences and those consequences ought to include indictments and jail time for those who cashed in."

Speaking to Newsmax.com, Reagan added: “I hope John McCain will not shrink from pointing the finger of blame where it belongs – at Barack Obama, who fed greedily at the trough of Fannie Mae and Freddie Mac while their top people, including two of his own campaign associates, were flim-flamming the American people. It’s a Democratic scandal from beginning to end, and the American people deserve to know it.”

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