Yesterday, South Carolina (R) Governor Mark Sanford, already starting to make a name for himself in a crowded young-gun GOP governor field, was on CNN and provided some incredible commentary on the current economic situation...
“We’re moving precipitously close to what I would call a savior-based economy."
Nice quote... His point being that the more and more government intervenes, it is perceived as the solution. When the solution SHOULD BE the American people...
“A savior-based economy sort of is definitial of 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. And if you think about the power that’s been granted to the fed of the treasury, it has savior-like qualities. Everybody knows that we’re in an economic slowdown. But the consideration now is, if I can just get my word, if I can be the plaintiff to the right person in Washington D.C., I can get these things fixed. 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.”
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