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Viguerie Predicts Bailout Supporters Will Be Challenged, Defeated In Primaries, General Elections

Contact: Bob Sturm, 703-396-6974; after 6 PM Eastern, Bob Strum, 703-307-8176; Cynthia Chambliss, 703-930-5148


MANASSAS, Virginia, September 29 /Christian Newswire/ -- Many members of Congress who vote for the $700 billion Wall Street bailout will come to regret it, Richard A. Viguerie, the Chairman of ConservativeHQ.com, said. "They will be targeted for defeat in primaries and general elections in the years to come, and a good number will lose their seats."


"At the same time, those who fight this bailout will be seen by conservatives and most Americans as heroes."


Viguerie based his prediction on conversations with grassroots leaders across the country and on public response to the bailout proposal.


"The bailout will be the 'Panama Canal issue' of the 21st Century," he predicted. "In 1977, the Senate narrowly approved the treaty giving away the Panama Canal. In 1978 and 1980, 21 Senators who voted for the treaty were defeated, compared to one who voted against it. That shift changed the face of American politics."


He added: "This isn't a Republican-vs.-Democrat issue. This is an issue of 'Whose side are you on? The corrupt Washington establishment and its wealthy cronies on Wall Street – or the taxpayer, the working person, the small business person who will pay the price for this bailout, the Fannie Mae bailout, the Detroit bailout, and all the many bailouts yet to come?'


"Republicans and Democrats alike who support this monstrosity will face the wrath of the voters if they stand side-by-side with predatory politicians and bureaucrats and their greedy friends who got us in this mess."