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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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.
Watch Young Turks on You Tube
