The ‘savior-based economy’
- February 9, 2009
- Politics
- Leave a Comment
Oh, snap!
Not only did South Carolina Governor Mark Sanford point out the glaringly obvious about the massive “stimulus” bill being hurried through Congress right now, he took a swipe at the Cult of Obama just for good measure (emphasis mine):
“A problem that was created by building up of too much debt will not be solved with yet more debt,” Gov. Mark Sanford said Sunday, making a reference to the federal deficit spending that will likely finance the federal stimulus package.
“We’re moving precipitously close to what I would call a savior-based economy,” Sanford also said Sunday on CNN’s State of the Union.
The South Carolina Republican said such an economy is “what you see in Russia or Venezuela or Zimbabwe or places like that where it matters not how good your product is to the consumer but what your political connection is to those in power.”
“That is quite different than a market-based economy where some rise and some fall but there’s a consequence to making a stupid decision,” Sanford said after pointing to the powers granted to the Treasury Department and the Federal Reserve to help deal with the current economic crisis.
“A lot of people who’ve made some very stupid decisions are being bailed out by the population at large,” he added.
I probably would’ve rephrased that as, “A lot of people who’ve made some very stupid decisions are being bailed out by a lot of stupid voters.” But then, that’s why I would never win any elections.












