My post from December 15, 2008: South Carolina Governor Mark Sanford, a potential 2012 contender for the GOP nomination for President, criticizing then President Bush for the $700 billion Wall Street bailout, and for “trying to prop up the Detroit automakers”.
My how things change. Sanford would have a hard time getting elected to anything, and Obama is being blamed for the Wall Street Bailout, when in fact he hadn’t even been elected yet.
Sanford Blasts Bush Plans On Bailout
The Politico By Manu Raju
Dec 15, 2008
South Carolina Gov. Mark Sanford is warning President Bush to back away from using the $700 billion Wall Street bailout for ailing Big Three automakers, saying doing so would fundamentally alter the nation's economy. 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. "Sanford, a potential 2012 contender for the GOP nomination, is siding with the anti-bailout wing of his party that is furious with Bush for trying to prop up the Detroit automakers and help distressed banks. He also is siding with his fellow Southern politicians who have sparred with Northern Republicans who hail from manufacturing states that are heavily unionized and have a significant Big Three presence.
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