More accurately, Governor Mark Sanford (R-SC) clowned himself. But he did such a poor job, even Wolf Blitzer had to challenge him and show that his argument made no sense. First, watch how Gov. Sanford mumbles, bumbles and stumbles through this interview:
Now, as to the real point -- there is no difference between John McCain and George Bush on economic issues. John McCain agrees with 98% of the policies that got us into this mess in the first place.
They fundamentally don't believe in government regulation. That is a radical position (a sensible position is that we need some regulation, enough to check the excesses of an unfettered market without over-regulating industry). When it comes to financial institutions taking great risks for short-term pay-offs and then dumping their mess on the American taxpayer if it goes wrong, we need more regulation to make sure they can't do this.
If they want to take all this risk and then when they get burned, we don't bail them out, then fine. But if it's going to be my money that bails them out, I'm not going to sign-off on excessive risk for excessive short-term profits when we have to deal with the long-term pain. This is highway robbery. It's also socialism for the rich.
If you're a middle-class working family, Republicans throw bootstraps at you and say you need to pick yourself up off the ground. They offer no government assistance under the guise of the free market. But if the top banks get in trouble, the free market is out the window and here comes government welfare to save the day for rich folks.
Funny how that works. Unless you're insanely wealthy or directly benefit from these anti-free market practices of the Bush administration (no-bid contracts to favored military suppliers is another example), you'd be crazy to vote for another Republican.
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Wolf Blitzer Clowns the Governor of South Carolina
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Reader Comments ( Page 1 of 5)
1. I live in a region where the poor and elderly have to decide between food, medicine, or gas. And every one of them are diproportionally paying to enrich Major League Baseball.
If ANY industry puts itself in the position that it cannot remedy itself, it should fail, or become so strictly regulated that it cannot endanger the public.
Paying a tax that is to uphold a corporation is no different than paying a tax to a king - Whatever mess they created isn't my problem, and I shouldn't have to pay for it.
ex-christian at 5:19AM on Jul 15th 2008
2. "When it comes to financial institutions taking great risks for short-term pay-offs and then dumping their mess on the American taxpayer if it goes wrong, we need more regulation to make sure they can't do this."
In the cases of Freddie Mac and Fannie Mae, you had the government removing a significant portion of the risk (at taxpayer expense) so that those who couldn't get loans through the (supposedly) more restrictive normal channels could afford to buy houses.
A certain amount of regulation may be in order, but it would also be prudent to consider the possible long term effects of do-gooder legislation as well.
bob at 7:47AM on Jul 15th 2008
3. DON'T BE A MONKEY!!!
http://evolutionfacts.blogspot.com
ISSAC ASIMOV at 7:57AM on Jul 15th 2008
4. When former Clinton White House budget director Franklin Delano Raines was robbing the American taxpayer blind; at Fannie Mae; by using Enron style accounting irregularities which included the shifting of losses so he could collect over $50,000,000.00 in bonuses, did you blow the Big Government regulation whistle Cenk?
BTW: How about that New Yorker Magazine cover!!!!!!!
Paul Sparcello at 8:18AM on Jul 15th 2008
5. LOL, if old McCeezer's campaign is any sign of what kind of president he would be, no thanks. It looks like he would be just as incompetent as the loser that now occupies the White House.
A Better Land at 9:55AM on Jul 15th 2008
6. "BTW: How about that New Yorker Magazine cover!!!!!!!"
Yeah, it's a satire making fun of people like you who actually believe that stuff.
Botts at 10:03AM on Jul 15th 2008
7. Perhaps someone should tell the good Governor that before you go on national TV, you should be prepared to know Sen. McCain's policies if you support him. As a sitting governor, he surely should know this.
David S. at 11:06AM on Jul 15th 2008
8. 'Yeah, it's a satire making fun of people like you who actually believe that stuff."
Someone needs to explain that to some of the more vociferous Obama-supporting commenters (see: The Political Machine) who seem to think that The New Yorker is a racist publication that should be pulled from the racks.
bob at 11:17AM on Jul 15th 2008
9. 'Yeah, it's a satire making fun of people like you who actually believe that stuff."
Someone needs to explain that to some of the more vociferous Obama-supporting commenters (see: The Political Machine) who seem to think that The New Yorker is a racist publication that should be pulled from the racks
xxx
naw, that's unnecessary. How about just doing this for next month's cover:
On the lower right is a suited body with three heads, rove, cheney and bush. The body's hand is firmly wedged up the backside of a naked mcsame doll in a bamboo cage in the center of the page.
Electrodes protrude from his temples and lead to the lower shadowy left of the picture where it plugs into a laptop observed by two uniformed chinese communists. One has a microphone and a little red book of mao quotes.
Mcsame's eyes are fixed on a pretty young reporter in the foreground and the thought bubble above the puppet's head has successive frames: the reporter killing cindy, blaming it on obama and standing at the altar with him in front of pastor parsley.
Final frame, nuclear explosion containing the face of chairman mao.
So how's that?
Clif Kuplen at 11:41AM on Jul 15th 2008
10. "So how's that?"
Get out the box of 72, draw it up and send it in.
They take submissions.
Then cut back on the magic mushrooms.
bob at 12:17PM on Jul 15th 2008
11. I saw that Sanford interview live. He had absolutely no answer when it came to drawing a distinction between mcsame economic policies and bush.
Since there aren't any.
And we're seeing the chaos that is created when banking isn't regulated sensibly. The industry's interests are no longer in alignment with the US's interests nor those of the people.
The bailout will create inflation, so count on that, and what's more, the money goes right back to the crooks that gamed the system so they can keep on doing it. There is no regulation, just a new bankroll and back to the slots. Letting them collapse is a loser too. Just like Iraq and everything else neocons touch.
This is libertarianism and reaganism at work. If you want more, mcsame will certainly deliver it. According to Phil Gramm, his senior campaign adviser, you're all a bunch of whiners.
You'll be whining when your dollar won't buy much about a year or two after this bailout or until the next one sinks us yet again.
There is no such thing as small government. If you cripple sensible regulation you are governed by someone else's bottom line.
There's no freedom there at all. You need some regulation to control things like ARM's, which will take your real freedom away for a very long time, and your capital, too.
That is NOT democratic economics. I would expect intervention when there are restraints of trade like the ones that have arisen under deregulation. I'd say fanny mae and freddie mac should be under ownership of the government again. This happened because they were not regulated, nor were the banks they dealt with. that can be changed.
Clif Kuplen at 12:26PM on Jul 15th 2008
12. The Marxist is back
Robert OKane at 12:45PM on Jul 15th 2008
13. then cut back on the magic mushrooms.
bob at 12:17PM on Jul 15th 2008
xx
you know bob, some of us are born creative - it's a genetic thang.
Some others of us, maybe even you are just plain dull, unfortunately, and need to compensate for our crappy self-worth feelings by accusing others of things they hate, to feel better about themselves.
It's called 'leveling' by shrinks.
Unfortunately in your case and other here, it's always in cliches, like drug use or being off meds or any of the other boilerplate dimwitticisms you all seem to get from the same place.
Inevitably it reinforces your original message, that you envy creativity and love to take your best underhand nerf shot at it for the good it does you.
Were you afraid you might get a little understanding out of my post to Bobby?
I hope I've been helpful. You were.
Clif Kuplen at 12:47PM on Jul 15th 2008
14. The Marxist is back
Robert OKane at 12:45PM on Jul 15th 2008
xxxxx
says the nazi.
Clif Kuplen at 12:48PM on Jul 15th 2008
15. Some others of us, maybe even you are just plain dull, unfortunately, and need to compensate for our crappy self-worth feelings by accusing others of things they hate, to feel better about themselves.
xxxxxx
Clif says I never ever attack someone personally I just stick to the issues..Hehehee gramps your silly
Cap Whiny at 1:15PM on Jul 15th 2008