09 Feb 2009

Mark Sanford: US Moving to “Savior-Based Economy”

, , ,

South Carolina Governor Mark Sanford articulates the Republican position on the democrat party Porkulus:

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.”

“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,” Sanford said after pointing to the powers granted to the Treasury Department and the Federal Reserve to help deal with the current economic crisis.

“A lot of people who’ve made some very stupid decisions are being bailed out by the population at large,” he added.

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.”

2 Feedbacks on "Mark Sanford: US Moving to “Savior-Based Economy”"

Scott D

When you’re strung out, you can either detox or go back for another fix. But then, of course, there’s the Free Clinic down the street that tells you that they will get you through this without much pain. Or cost. Yes you can.


Mark Sanford’s South Carolina unemployment rate IS the HIGHEST LEVEL ON RECORD

December 2008 SC Unemployment Rates

SC Unemployment Rate is 9.5% in December

With momentum from ongoing layoffs and an expanding labor force, South Carolina’s unemployment rate continued to climb in December reaching 9.5%, the State Employment Security Commission reported today. This is more than a full percentage point above November’s rate of 8.4%, and the highest rate since January 1983. The state’s labor force grew nearly 14,300 in December to 2,184,613. The number of unemployed grew almost 25,600 to 207,171, the highest level on record. The national unemployment rate also rose sharply, climbing from 6.7% in November to 7.2% in December.

Unemployment Rates Ranked By County (unadjusted)

Rank – County – December 2008
1 Allendale 19.7%
2 Marion 19.0
3 Chester 17.3
4 Marlboro 16.9
5 Barnwell 15.8
6 Bamberg 15.8
7 Union 14.7
8 Dillon 14.2
McCormick 14.2
Williamsburg 14.2
11 Fairfield 14.1
12 Lancaster 13.9
13 Orangeburg 13.6
14 Cherokee 13.2
15 Chesterfield 13.1
16 Hampton 12.7
17 Clarendon 12.6
18 Lee 12.2
19 Colleton 11.8
Georgetown 11.8
21 Darlington 11.7
22 Horry 11.5
23 Abbeville 11.4
24 Greenwood 11.2
25 Oconee 10.9
26 Sumter 10.7
27 Calhoun 10.1
28 York 9.9
29 Newberry 9.7
30 Anderson 9.6
31 Spartanburg 9.4
32 Laurens 9.3
33 Florence 9.1
34 Edgefield 8.4
Kershaw 8.4
36 Berkeley 8.2
37 Jasper 8.1
38 Pickens 8.0
39 Dorchester 7.9
40 Richland 7.8
41 Aiken 7.7
42 Greenville 7.6
43 Saluda 7.5
44 Beaufort 7.0
45 Charleston 6.9
46 Lexington 6.5



Please Leave a Comment!

Please note: Comments may be moderated. It may take a while for them to show on the page.

Entries (RSS)
Comments (RSS)
Feed Shark