Did You Know...

   

From market-based to "savior-based"

Share
By Michelle Malkin  •  February 9, 2009 08:46 AM

Bravo, Gov. Mark Sanford, for this on-target description of how bailout-mania has transformed and damaged this country:

As many state and local officials clamor for their share of the billions of dollars in federal aid in the stimulus bill under consideration in Washington, South Carolina’s Republican governor is sounding a note of dissent about federal efforts to help the economy.

“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 don’t know if Gov. Sanford intended his “savior-based” quip to be a play on the cult of the Obamessiah, but either way, it’s a brilliant diagnosis.

***

More Sanford here.

Flashback: Peggy Joseph applauds the savior-based economy.

blog comments powered by Disqus

O-care remains, but just wait until the GOP takes control of Congr… oh, wait

July 18, 2017 10:20 AM by Doug Powers

Some majority

Will new wrinkle in Trump Jr./Russia story render MSM temporarily incurious?

July 12, 2017 09:05 PM by Doug Powers

Inconvenient details

Good luck! Obama’s returning to ‘help’ Dems some more

June 24, 2017 03:05 PM by Doug Powers

Republicans might welcome the former prez’s continued involvement

It’s unanimous: Obama, Pelosi & Reid’s First Amendment flop

June 20, 2017 11:45 AM by Doug Powers

Again

Team Obama keeps delivering on the ‘historic levels of transparency’

June 20, 2017 08:40 AM by Doug Powers

Presidential Lie-bury?


Categories: 2016 Campaign, Barack Obama, Corruption

Follow me on Twitter Follow me on Facebook