Paul: Bevin's Credibility Hurt By Bailout Issue

By: Associated Press
By: Associated Press

LEBURN, Ky. (AP) -- Sen. Rand Paul says Matt Bevin's credibility has been hurt by revelations that the Republican challenger to Sen. Mitch McConnell praised the federal bailout of struggling banks several years ago.

Bevin has criticized McConnell for supporting the $700 billion bailout, known as the Troubled Asset Relief Program.

But as president of Veracity Funds, Bevin signed a report to investors praising the bailout.

Paul told reporters Monday that a lack of consistency can be harmful and said that applies to Bevin.

Paul rose to national prominence as a tea party darling. He declined to say how much the revelation damaged Bevin's upset bid against McConnell.

Bevin's campaign has said he has always opposed TARP and that his signature on the report was a formality.

Bevin has drawn support from some conservative groups, including some tea party supporters.

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