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Governor Sanford’s Stance Aganist Nationalization

December 16, 2008

As chairman of the Republican Governor’s Association, Mark Sanford (SC) wrote a letter to the white House with his concerns regarding the bailouts of the auto industry.  Among other concerns, Sanford relayed the following (Via Hot Air):

sanfordnga“I believe we are at a tipping point in moving from a market-based economy to a politically-based economy, wherein one’s success can be determined not by good decisions and good work, but by the size of one’s voice and connection to Washington,” Sanford wrote. “The real economic stimulus of this country lies in the daily work and effort of millions you have seen across this land.  These bailouts not only represent an enormous cost they are left to carry, but a shattering of the rights and responsibilities that have historically been linked to achieving the American Dream.”

“It would open the floodgates of federal monies for every distressed industry across this country–and there will be many in this economic slowdown.”

It makes me smile that there is someone in politics who gets it.  One who understands the fundamentals of what makes our country great.  FREE MARKETS.  Our country has always adapted to changes in econmic industries.  It wasn’t always pretty, but we managed to get through it.  The bailout of defunct companies is like Washington trying to hammer a sqaure peg into a round hole.  The auto industry needs to evolve with the changing conditions in our world economy.  It cannot continue to have to hold on to the past, but it does need to learn from it.  The industry needs a change from the top down; i.e. streamline executive positions, cut wasteful spending and renegotiate damaging labor contracts; for example GOLF COURSES?!? (via MM)  Many jobs will  be lost if the bailout is not offered.  However, with Chapter 11 Bankruptcy or tough love from Washington will solidify a foundation of long term growth and prosperity.  The auto industry will once again be in a better position to compete in the world market.

P.S.  This post could have been titled “Governor Sanford Announces his Candidacy for 2012”

-reagan21

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6 comments

  1. “The preamble to the Constitution states We, the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general welfare… It doesn’t say guarantee the general welfare. And it certainly doesn’t say give welfare benefits to all the people in the country who aren’t doing so well even if the reason they aren’t doing so well is because they’re sitting on their butts in front of the TV.”

    P. J. O’Rourke


  2. Personally, I find these bailouts offensive to all Americans. They represent nothing other than the welfare for the rich program that has saturated our nation for years. As an aside, instead of having the Fed slash interest rates, why not have them slash their cartel out of existence and give control of the monetary policy back to the people instead of a cartel of bankers? All we’ve had since their inception is unending global war and the reduction of civil liberties.


  3. The funny part is that these people that oppose the Auto Bailouts are from states that have NO auto industry which the people rely for jobs. They need to recend the Bank bail outs and force them to follow the same Rigorous negotiations that the Auto industry is having to go through. Make them both pay the money back in the form of a LOAN. And use that profit from the loans as a stimulous to those that paid for it in the first place, the American people.


  4. South Carolina is the home to a Mercedes, BMW, Toyata, and VW plant. In these states thousands of apholstry, tire, engine parts, and other distributorships have opened up to accomadte the booming industry in the south. That would equate to billions of dollarss and tens of thousands of jobs. Please, educate yourself before opening your mouth.


  5. I would like to point out that I am not against an auto bailout, but I am against all of the bailouts. It’s ridiculously impossible to do so with our monetary system. All this does is make everything worse, while making everybody feel better about it for the moment. The poor are going to get poorer, and the rich are going to get richer. But, on the auto industry specifically, they weren’t selling enough, to compensate for bad business practices. In short, their expenditures were greater than their income. Ergo, poor business practice. I am against businesses that have grown to the point of being considered vital. Why not spread our wealth of resources over a broader spectrum than a single industry in a state? Are cars, the only thing the people of Michigan are capable of producing? I think not. Diversification provides more income stability and growth potential. There is a lot of talent in that industry that will re-structure itself thru the entrepreneurial spirit inherent in the American culture. Hardships are really opportunities.


  6. Let’s assume that we cannot ‘spend’ our way out of debt or recession. Many individuals are taking aim at Obama over these issues, yet are forgetting that Bush was using a similar strategy near the end of his term in office. Many right-leaning individuals furthermore make the argument that offering money for public works projects will not provide substantial stimulus for the economy. The same was said regarding the Bush TARP fund as well. Republicans state that the omnibus spending bill is laden with earmarks and pork, yet neglect to inform the public regarding their own earmarks and pork they have added to the same bill. Both Republican and Democratic politicians are using many of the same tactics and putting their own spin on the situation to appear ‘clean’. Neither party can make this claim.



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