Ralph Northam’s ‘Sell Out’ Stretch
A TV ad from Democrat Ralph Northam strains to portray Republican Ed Gillespie as a lobbyist who sold out workers by fighting "to give billions to Wall Street banks." The post Ralph Northam’s ‘Sell Out’ Stretch appeared first on FactCheck.org.
A TV ad from Democrat Ralph Northam strains to portray Republican Ed Gillespie as a lobbyist who sold out workers by fighting “to give billions to Wall Street banks.”
Gillespie was actually working as White House counselor to President George W. Bush when he backed the Troubled Asset Relief Program of 2008 to prevent the further decline of the U.S. economy during the Great Recession by allowing the Treasury Department to spend billions buying or insuring the assets of failing banks.
More importantly, distributed through TARP, and the government made a profit on its investment.
