Gov. Mark Sanford Opposes Bailouts

South Carolina Gov. Mark Sanford is on 13 O’Clock’s very short list of favorite politicians.  Currently, Sanford is vocally resisting the bailout frenzy taking hold in almost every corner of the nation. Sanford explains his reasons in this recent AP article:

Keep your cash: SC governor rails against bailouts

COLUMBIA, S.C. – At a time when other states are clamoring for cash, South Carolina Gov. Mark Sanford is saying no thanks.

The newly minted head of the Republican Governors Association is carving out an identity as the anti-bailout governor, speaking against calls for more money from Washington for new state public works spending, lifesaving dollars for the auto industry and even stimulus checks.

At a time when the nation sinks deeper into a recession, state budgets everywhere are growing greater holes and unemployment rates are soaring, Sanford knows he doesn’t have many people rallying around him. But he doesn’t care.

“I find myself in a lonely position,” he said in an op-ed column in The Wall Street Journal last month. “While many states and local governments are lining up for a bailout from Congress, I went to Washington recently to oppose such bailouts. I may be the only governor to do so.”

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Politico also has an article this week about Gov. Sanford’s opposition to a bailout for Ford, GM and Chrysler:

In a letter sent to the White House on Monday, the Republican governor says Bush would be committing a “very great mistake” that would “open the floodgates to federal monies for every distressed industry across this country — and there will be many in this economic slowdown.”

Continue reading…

Here’s hoping the governor sticks to his principles on this issue. Let at least one state refuse the ever grasping reach of the new socialist agenda in D.C.

Explore posts in the same categories: Economy, Politics

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