He detailed the success of the auto bailout, pointing out that there are now a quarter of a million more people working in the auto industry than there were when the car companies were rescued.
In that commercial, he also makes the no-bailout point.
But the continuing high yields on the benchmark 10-year bonds — just shy of the 7 percent rate at which other euro zone governments were forced to seek bailouts — pointed to continuing challenges ahead.
And market indicators for the next domino in line for a bailout, Italy, point in the wrong direction.
But the thrust of Perry's argument -- to whatever degree he had one beyond an anti-bailout talking point -- was that because Romney comes from the world of high-dollar investments and because private equity does have strong links to the rest of the financial industry, Romney would not be able to push through reforms in Washington that would prevent future bailouts.
As evidence that traders are skeptical of the bailouts, he pointed to sovereign Greek debt, which still commands a yield of about 10 percentage points, or 1,000 basis points — more than benchmark German bonds, despite assurances from European policy makers that the bonds are entirely safe.
The market's tepid response on Monday to Greece's supposedly momentous election of a pro-bailout party points to a hard truth.
NEW YORK TIMES Investors Await a Bigger Fix for Europe | The New York Times reports: "The market's tepid response on Monday to Greece's supposedly momentous election of a pro-bailout party points to a hard truth.
Today, other than the Republican whopper that a bill against bailouts supposedly favors bailouts, one talking point is straight out of the anti-CPA playbook.
To get to that point, bailout cash for both the government and the banks probably has to be turned off.
First, the Euro Crisis and bailout provided a point of political contact for the two groups.
