In it, but not of it. TPM DC

Millionaire Ga. GOPer Backs Wall Street Bailout -- Not Detroit's


But, Perdue continued, he did oppose certain other government bailout, like the one that saved the auto industry. That bailout, Perdue argued, was "basically a union buyout."

"Now the liquidity that we put into the financial system, we got a return on that," "That money came back to us. Because it was a decent investment and it came back to us."

Weighing in on bailouts has gotten Republicans into trouble before. One other moneymaker-turned-politician, Mitt Romney, repeatedly tied himself in knots over first arguing against a government bailout of Detroit's big three automakers. Later though the 2012, Republican presidential nominee moved away from his position and argued that he would never do anything "to hurt the U.S. auto industry." The problem is, the auto bailout is widely understood to have saved the auto industry -- with even The Economist apologizing for backing Romney's original position. In a similar light, the 2008 bailout and additional regulation of Wall Street is considered to have saved the country's financial sector.

Perdue's campaign did not immediately respond to a request for comment from TPM.

(Photo credit: David Perdue for Senate)

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