Gov. Mark Sanford about "savior-based economy" 2009.02.08

South Carolina governor Mark Sanford said on 2009.02.08 on CNN that process of delevaraging is painfull but bailing out political connected entities would have very bad long term effects on economy. He also noted that bailing out failed businesses based on their connection to those in power is something similar to savior-based economies like Russia, Wenezuela and Zimbabwe and it is the market based solution that works best, even with short term painful effects.

Category:

News & Politics

Tags:

• Mark
• Sanford
• South
• Carolina
• dollar
• gold
• money
• FED
• Bernanke
• Gaithner

[edmack4me]

Governor you are SPOT ON.

[Tasadaru]

If there was an analogy for this it would be: would you rather get punched in the gut, or shot in the gut by a gun? The last thing we need is hyperinflation. Does CNN care? No it does not.

[kuza01]

At first I thought Samford was going to get duped by the clown reporter but he made a reasonable and logic answer. Basically he took a dump on him.

[alfredoelhombre]

He wouldn't say anything except do you know a good divorce lawyer. Oh..by the way... Sanford you suck!!

[Jicim]

Sanford is right.

[Jujuman2003]

Hahahahahaha!

[TheCrazyBanana1]

BWAAAHAHAHA! BWAHAHAAAA!

[bzzzz64]

Happy Father's Day, Markie. You little stud, you!

[hobokeneric]

We all know what kind of "stimulus package" Mark prefers!

[dbmcmillan]

Abolishing the federal reserve system will free up the ingenuity of our markets again. The huge service industry bubble has to collapse and be replaced by renewed industry in this country. We have to export more, literally abolish almost every "function" of government, balance the budget and cut taxes significantly. Only then will the economy boom.

[dbmcmillan]

errr...we don't have the money for you "investments into the future." Btw, private companies have always been at the forefront in those areas anyway. However such investments by government will push the interest on our debt to an unbearable level, to the point that tax revenue will equal interest, at which point the collapse of the united states (and 100% taxes) becomes inevitable, and then we'll see how useful and neccessary you're disgusting use of government power was.

[dbmcmillan]

So basically what you're saying is too much government in the wrong hands is the problem. But you're also saying that immense government power in the right hands is brilliant. Problem is we have elections every year, and new people get their slimey hands on power. You'll never seem to understand - Government IS the problem. The only answer is a government that has no power to infringe on your freedom, which is what sanford supports. btw the governor and mayor were dems, so mute point u partisan