The Daily Caller

The Daily Caller
 Republican presidential candidate former Gov. Jon Huntsman, Jr., of Utah shakes hands with Adam Goguen during a campaign stop with the Belknap County Republican Committee at JJ Goodwins , Sunday, July 3, 2011 in Center Barnstead, N.H. (AP Photo/Jim Cole)  

Jon Huntsman’s Clintonian dodge on government bailouts

Questioned by a New Hampshire voter Monday about the government’s $700 billion bailout for Wall Street, President Barack Obama’s former Chinese Ambassador Jon Huntsman dodged the question in a style much like that of former President Bill Clinton.

The question was, do you feel “the whole bailout program” “worked or didn’t work,” and “would you do that if you were president?”

At the time of the government bailout, called the Troubled Asset Relief Program (TARP), Huntsman supported it, saying in a televised debate, “I don’t think there’s any way around it.”

Monday, Huntsman was less clear and concise.

“When you look at the TARP money – I mean you can go back and look at what I said about the auto bailout, I basically argued that there should be a Chapter 11 restructuring of the bankruptcy,” Huntsman said.

The auto bailout was a relatively small slice of the larger, overall bailout that, yes, Huntsman did oppose. But it wasn’t the program itself, and turning to the auto bailout as the first part of answering the voter’s question is confusing, at best.

So, what about “the whole bailout program?” (Huntsman campaign announces Massachusetts team)

“The finance sector – it will be interesting to see how much this is repaid back to the United States. I don’t know. Maybe 80 or 85 percent at this point and I think more beyond that,” Huntsman continued.

Notably missing from this sentence was an answer to whether he, Jon Huntsman, thinks the bailout was successful and whether he, Jon Huntsman, would have backed it as president.

Huntsman then turned to President Obama’s economic stimulus law.

“In terms of the $787 billion stimulus package, my concern about that was it went to the states to be handled and spent any way that the states saw fit. As opposed to looking at something that would truly stimulate the economy, which I advocated for at the time….Which would have been looking at a payroll tax reduction, which would have been targeted spending on infrastructure projects, which this country needs. It didn’t go to those particular areas and I think when we look back we see that the value added was not nearly what it should have been,” Huntsman said.

One week after President Obama signed the stimulus into law, however, Huntsman offered another criticism he somehow failed to note to this New Hampshire voter. (Pawlenty: I’m a lover and a fighter)

“It probably wasn’t large enough,” he told Politico, “the size of about a trillion dollars was floated by Mark Zandi, who’s a very respected economist. I tend to believe what he is saying about the size of the package, which didn’t necessarily hit the mark in terms of size.”

  • doombroker

    First of, he’s an Obama appointee to China. I doubt Obama has ever appointed anyone he thought would not undermine the constitution in one way or another. He was the ambassador to China. If you think an ambassador to such a huge and important player doesn’t have to know and understand Obama’s doctrine inside and out, you are wrong. What is Obama’s doctrine? How has it benefited our country during his presidency? That “The Boss” Bruce Springsteen union worker’s jacket is not helping anything at all. Think about it: who else in the world wears something like that, and what emotions is he trying to evoke in Americans who see him wearing it?

  • teapartypatriot

    At least pizza-man cain admits that HE LOVES TARP AND GOVERNMENT BAILOUTS FOR BUSINESS. He’s totally, completely WRONG, of course, but at least he’s honest in admitting this gross misjudgement.

  • Bovina17

    I wish the Daily Caller would quit posting articles about this con job. He looks weak and would be nothing but a RINO.

    • blomi

      Who should they post about instead?

  • barryswhitehalf

    I’m not impressed with this schmo.

  • doncicciofitipaldi

    lol. Because THEY WERE VERY SUCCESFUL, but saying so WOULD ALIANATE THE MENTEALLY REMEDIAL BASE OF TEH REPUBLICAN PARTY that likes to igonore teh facts and looks at telling this TRUTH as blasphemy.

    • citiman

      Successful? Just wondering what flavor koolade you’ve been drinking the last 2+ years?
      Guess your boys failure to produce a budget is a success.
      Guess you think his astonishing increase in our debt is a success.
      The list could go on and on but I’ll let you get back to your koolade cocktail.

    • Hayek

      Dude …. your spelling. Talk about the mentally remedial.

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  • borntoraisehogs

    Some business man. Asked about TARP and he responds with a auto bailout weasel answer. Does he think bankruptcy law applies to entire industries rather than individuals and businesses? The GM bankruptcy was a fraud upon securred creditors to the benifit the union unsecurred creditors. I am surprised the found a judge to go along with it. The entire plan would not have been possible without government money. Is this a model he supports? Does he want us to think he is ignorant or dishonest, because he can not have it both ways.

    • blomi

      New Hampshire Voter, July 4, 2011: Do you have a comment on the whole bailout program and how you feel it worked or didn’t work? And would you do that if you were as president? I might add that for a lot of reasons a lot of people voted against Democrats because of the bailout, especially in New Hampshire, I think.

      Obviously, the approach would be different between the financial services industries as opposed to the auto industry since one effects the world economy and another only the US economy. He opposed the GM bailout and supported TARP.