Another TARP opponent survives

The victory of Pat Roberts (Republican U.S. Senator from Kansas) in his primary battle is reaffirming the conventional wisdom that “Establishment” Republicans are thwarting “Tea Party” challengers. As one may expect, I don’t automatically share that view. In fact, I think the Tea Party vs. Establishment meme misses the point.

Most would be surprised to see Roberts hit from the right, and one big reason is his vote against TARP (a.k.a. the bank bailout). This is the first chance for Kansas Republicans to weigh in post-TARP on whether Roberts should be the nominee. I find it telling that Roberts survived while TARP proponents like Eric Cantor did not.

Odds are the bailout vote was even more critical in Mississippi, where Thad Cochran (a No on TARP, despite my mistaken assumption) was able to limp into a runoff (and then a narrow if unorthodox victory) when a TARP backer likely would have gone down in flames.

Lest we forget, a large plurality of voters still blame Bush the Younger for the state of the economy…meaning TARP, contrary to popular belief in Washington, has not been forgotten.

Even Mr. Establishment Heavy himself – ex-Congressman and Defending Main Street PAC leader Steve LaTourette – was a No on TARP. That should tell us all something.

Cross-posted to the right-wing liberal