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Without further -- governor Mark Sanford he is the chairman of the GOP governors association is -- what we believe around here -- the probable presidential candidate next time around we're not here to talk about that though governor.
How can you be against that fiscal stimulus.
Would you turn down federal money to build you know what bridges and roads in South Carolina.
Well cross that bridge if and when we get to -- I think what we're doing right now though as an administration.
He's pushing as hard as we possibly can against it.
Because I think it's a real mistake I think in the end it will lead to less -- the way of economic stimulus rather than more.
And I think there -- a whole host of unintended consequences that come with.
That this string of bailout so we're looking and among them being who pays that the final bill.
And the issue of fairness you got a lot of smaller businesses or individuals that are struggling.
They don't have that big lobbyist in Washington DC or enough voice but why should they be treated completely differently than some Wall Street firm -- pretty big guy auto companies and threw it.
So you are against now the news is breaking this fifteen billion dollar a quote unquote loan for the Big Three that will be.
Consummated we are told by the beginning of this week.
Yeah I think it's fundamentally flawed because it's dubbed as they loan but the reality is.
American taxpayers will take a distant position with regard to -- collecting on that -- Not until bankruptcy do you actually wipe out the existing creditors so that the quote loan that American taxpayers are gonna afford to those three companies.
He's going to be subordinated to a whole bunch of other creditors.
That are lined up before so it'll it'll if you they've never proved to be alone I don't believe it will be another bailout.
Another bail out -- costing -- future generations money but don't you think that the alternative to the huge deficit.
A recession that becomes the depression is just too -- to be our governor Sanford.
Yeah but but the presumption there is that it you know only checks out of Washington DC.
Only a long series of bailouts and let me let me remind you what we're talking that is not a giant piggy back in Washington DC.
With money in the bank we're talking about going and borrowing more money -- -- 500 billion from the Chinese.
Borrowing more and more from Social Security or Medicare -- or kids or grandkids.
And in this something weird about going in barring a bunch of money to take care of a problem that was great back too much borrowing but but leaving that as a side.
I think that the real issue here is that.
-- at a Washington DC is not the only way -- you bring about economic stimulus to this country and I think we look a lot wider.
When we think about the notion economic stimulus you look at the value of the dollar you've got to look at trade you gotta look at.
Indeed sustainability of spending you gotta look at something like.
This card check program that's being talked about middle -- may be passed next legislative cycle so I think that economic stimulus is much much broader.
Then simply borrowing money to write checks at a Washington DC.
And increasingly minority voice but an eloquent one governor Mark Sanford of South Carolina thank you for being with -- -- next level all thing with the -- thanks a lot.
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