Republican National Committee Ready Opposition to Bailout Legislation

Susan Davis reports in the Wall Street Journal: Conservatives demonstrate their ability to promote forward thinking ideas and encourage an "anti-bailout resolution at (the) RNC. "“I think the bailouts are just wrong and take us in a profoundly radical, left wing direction,” said prominent Republican attorney James Bopp Jr., a vice chairman of the RNC and author of the resolution,.." The resolution, "(if) approved, it would also put the party committee at odds with the White House and many Republican leaders on Capitol Hill who supported bailouts for the financial industry and the Big Three auto-makers. But it also captures the anger many conservatives feel towards bailout legislation. In the latest WSJ/NBC News poll conducted in mid-December, 73% of self-identified conservatives disapproved of the federal government’s handling of the financial crisis."