Tag Archives: Small Government

News

Mark Sanford and Bobby Jindal refuse bailout funds

7 Comments
Governor Mark Sanford
Governor Mark Sanford

I noticed some posts at the Maritime Sentry about Governor Mark Sanford. If Bobby Jindal can’t save us in 2012, then Mark Sanford is my second choice. Everybody knows that Jindal is turning down bailout funds. Here is Bobby Jindal on the Hugh Hewitt show explaining why he is refusing the bailout funds, on how he intends to deal with the economic downturn in his state budget. Dynamite!

But Maritime Sentry has the story on Mark Sanford’s refusal to take bailout funds. Here, they link to this Forbes article, entitled “Why Mark Sanford Matters: Small-government conservatives have found their champion.”

Here is an excerpt from the article:

Sanford’s opposition to President Obama’s American Recovery and Reinvestment Act, and in particular his insistence on using up to a fourth of his state’s stimulus funds to pay down debt or refusing it outright, has fast made him a folk hero to conservatives.

I am a little concerned by his opposition to the Iraq war, because I feel that it was a successful action against terrorism with strategic gains that far outweighed the costs. I approve of his small government stand, though. The National Taxpayer’s Union also approves:

The 362,000-member National Taxpayers Union (NTU) has applauded South Carolina Gov. Mark Sanford (R) and Texas Gov. Rick Perry (R) for their decisions this week to refuse part of the federal stimulus package earmarked for their respective states. Sanford will accept $700 million only if the President allows him to use it to pay down debts rather than create new spending obligations. Perry has refused outright $555 million for expansion of state unemployment benefits.

Maritime Sentry also links to this 5-minute video, in which Sanford explains why he is turning down the bailout money. He doesn’t want Obama to be able to impose taxes on his state later, if he takes the bailout money today.

The Democrats doesn’t like federalism much. The DNC is even running ads in South Carolina against Sanford for refusing to take the money, and the attached strings. I found a statement about these DNC ads over at his blog. Jindal is also taking heat from unions and other economically-illiterate left-wing groups in his state.

UPDATE 1: Here is the transcript of Bobby Jindal’s interview on the Hugh Hewitt show. (H/T Binky @ Free Canuckistan!)

UPDATE 2: Here is the first part of an interview with Mark Sanford conducted by the Acton Institute, which specializes in free market capitalism and its relationship to religious liberty. (H/T Binky @ Free Canuckistan!)

Videos

Bobby Jindal defends Rush Limbaugh against hostile Larry King

Leave a comment

Hot Air has the video of Jindal kicking butt on Larry King Live. It’s more fun to watch when the left is angry and crazy.

Here’s Hot Air’s blurb about the video:

Bobby Jindal faced off against an unusually hostile Larry King last night over the Steele-Limbaugh contretemps. King kept trying to stuff words into Jindal’s mouth, and Jindal politely but firmly kept spitting them back at King.  King insists that Republicans want the country to fail when it’s clear that not even Rush says that.

CNN has the full transcript! Here’s the best part:

KING: Governor, do you think people are thinking about capitalism now or are they thinking about problems?

JINDAL: Look, clearly, the American people are worried about paying their mortgages, keeping their jobs and paying their health care bills. I think Rush is a great leader for conservatives. I think he articulates what a lot of people are concerned about. And I think it is absolutely true that you can help people keep their jobs, help people afford their health care, help people afford their homes without abandoning the same conservative principles.  For example, Republicans offered ideas like aggressive tax credits to make homes more affordable so people can refinance, can stay in their homes. You’d see more demand for homes. They’ve offered ideas about — instead of nationalizing banks, why not modify the mark to market rules? …

KING: Do you want him to fail?

JINDAL: I want the — I don’t want those policies to be adopted. I want my country to succeed, but I don’t want policies to be adopted that I think –

KING: But what if the… policies actually work?  What if they work?

JINDAL: This is where we have a fundamental disagreement. I don’t think it’s going work to borrow half a — to spend in excess of our revenues.  If you believed everything that the president — if you believed all of his projections, if you believe the economy starts growing again, you believe that we’re not going be spending all that money fighting overseas…if you believe that all of these temporary programs are truly temporary, he’s still projecting deficits of half a trillion dollars per year, under the best case scenario.  Larry, that’s just not sustainable. We cannot continue to do this as a country. China cannot become — continue to be our largest foreign holders of debt. This addiction to debt is what’s caused so many of our problems. The government is not going to be the answer to every problem.  I want my country to succeed. But what I worry about is that simply spending money on new programs — look at every new bailout. You know, you talked today, you know, about the auto bailouts. Then you had the fourth, I think it’s the fourth — it’s hard to keep track — the AIG bailout today. It seems like every time you turn around, there’s another trillion dollar trillion plan. … I’ve yet to hear a coherent exit plan.

KING: So you hope — you hope it doesn’t hurt?

JINDAL: No. I hope that failed policies don’t get adopted. I want my country to succeed. I want the economy to grow. I want — certainly I want the economy to grow again so people can afford their homes.  But I don’t want the Congress to adopt policies that would make the problem worse, not better. … I think it’s our — I think it’s our obligation as Americans when we don’t agree with a policy to speak up against it and to certainly offer different solutions.