Friday, February 11, 2011

Senator Orrin Hatch, Republican...

...of Utah, said during a panel discussion at the Conservative Political Action Conference (CPAC):

...that he is sorry for his vote for the Troubled Asset Relief Program (TARP) bailout, but that he believes the bill averted a depression.

The crowd erupted when someone in the audience asked him about the vote - which is at the heart of Hatch's potentially difficult 2012 reelection campaign. Hatch apologized but also justified the vote and said it was the right thing to do.

"You may disagree, but you're not sitting there having to make these decisions. I probably made a mistake voting for it," Hatch said. "At the time, we were in real trouble and it looked like we were ready for a depression.

"I believe we would have gone into a depression."

Let me see if I have this straight: Orrin Hatch says he's sorry he voted for TARP, "probably made a mistake voting for it," but believes the bill averted a depression.

Does that make sense?

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