Oct 31 2008
The State: Opposing Federal Bailout is “Extreme”
The State’s Editorial Board endorsed the incumbents in three South Carolina Congressional race today. That’s not really surprising and the makeup of South Carolina’s Congressional delegation is unlikely to change after this election, but something stuck out at me as I was reading their article.
Republican Albert Spencer supports term limits and takes the extreme position of having opposed Congress’ rescue of credit markets.
Evidently the writers at The State don’t feel that borrowing $700 billion, when the country was already $9.5 trillion in debt, to give to financial institutions to bail them out, which so far has had zero effect, is not considered extreme, but rather those who opposed this Federal catastrophe with our tax dollars are the ones on the extremities. Never mind that most Americans didn’t want the bailout passed and never mind that the banks that received the bailout money are not using it for its intended purpose, but rather for acquisitions, raises, and executive bonuses. You see, it is we who are the extreme ones and the far left leaning “journalists” at The State hold all the wisdom.
[...] Johnson (D) in the race for Congress in the 10th Congressional District. Once again, like in The State endorsements, they refer to those in the Republican Party who opposed the $700 Billion Federal bailout as [...]