It was a rude awakening for many party faithful when on October 3rd, many of us were jolted by the revelation that our own Republican Congressmen and women had voted for the bailout of companies that had irresponsible lending practices and those that got in over their heads. To you who were sickened by the socialization of our financial markets I say fear not, our day is coming:

Republican Party officials say they will try next month to pass a resolution accusing President Bush and congressional Republican leaders of embracing “socialism,” underscoring deep dissension within the party at the end of Mr. Bush’s administration.

Those pushing the resolution, which will come before the Republican National Committee at its January meeting, say elected leaders need to be reminded of core principles. They said the RNC must take the dramatic step of wading into policy debates, which traditionally have been left to lawmakers.

“We can’t be a party of small government, free markets and low taxes while supporting bailouts and nationalizing industries, which lead to big government, socialism and high taxes at the expense of individual liberty and freedoms,” said Solomon Yue, an Oregon member and co-sponsor of a resolution that criticizes the U.S. government bailouts of the financial and auto industries. Republican National Committee Vice Chairman James Bopp Jr. wrote the resolution and asked the rest of the 168 voting members to sign it.

“The resolution also opposes President-elect Obama’s proposed public works program and supports conservative alternatives,” while encouraging the RNC “to engage in vigorous public policy debates consistent with our party platform,” said Mr. Bopp, a leading attorney for pro-life groups who has also challenged the campaign finance legislation that Mr. Bush signed.

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