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Monday, February 09, 2009

SC Governer Mark Sanford on the stimulus and the "savior-based economy"

South Carolina Governer Mark Sanford speaks out against the stimulus in this discussion with CNN's John King. Sanford is in fine form here, conveying his arguments with a steady sort of clarity. Sanford's principled stand to oppose money which would flow into his state is positioning him as the leading voice of fiscal conservatism in America -- and possibly for a presidential run in 2012.

From CNN Political Ticker:

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.

Read Mark Sanford explain why "bailouts are awful" and hear The Southern Avenger's thoughts on the choice between Bobby Jindal and Mark Sanford facing Republicans in 2012.

Posted by Kalim Kassam on February 9, 2009 in U.S. politics | Permalink


I love that incredulous interviewer. The venom when he asked what makes the Governor smarter than the concensus - statists are always about consensus, aren't they? If the consensus said we should all drink arsenic laced koolaid - hell, who am I to suggest that it is not such a great idea?

Loved that "Saviour Based Economy" idea - this guy is courageous and brilliant. He really shoved it back in CNN's face when it was suggested he ws uncaring and callous.

Posted by: Faramir | 2009-02-09 4:12:14 PM

South Carolina's unemployment rate projected to reach (14) Fourteen percent by the summer


Posted by: anonymous | 2009-02-09 5:32:41 PM

Without a doubt, CNN is run by the same statist / shadow governmentthat runs the White House. He describes a "saviour based economy" that was described as a (dysfunctional) "sytem of pull" by Ayn Rand in Atlas Shrugged. And the only reason they let the good Senator on was to try and tear him down in a public forum.
But as a pricipled man, he has stood his ground. Good on him.

Posted by: JC | 2009-02-09 6:44:38 PM

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