Ripoff the Bandaids and let it heal
Posted by keelynet on February 8, 2009
This guy is right on target…no bailouts! When a company fails, let them file bankruptcy and try to recover on their own merits or simply go away.
The government should not be using our money mortgaging our future to cleanup and save crooked or badly run businesses, no matter who they are.
Just bring the culprits to justice as examples to all who would break or bend the law for their own personal gain.
“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.”
Instead of bailing out failing companies, Sanford told CNN’s John King that the government should let the economy work through the current challenges without intervention.
“We’re going to go through a process of deleveraging,” Sanford said.
“And it will be painful. The question is: Do we apply a bunch of different band aids that lengthen and prolong this pain or do we take the band aid off? I believe very strongly: let’s get this thing over with, let’s not drag it on.” – Source
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