Sanford on the bailout

Mark Sanford, Gov. of South Carolina, from CNN:

“What you’re doing is buying into the notion that if we just print some more money that we don’t have and send it to different states, we’ll create jobs,” he said. “If that’s the case, why isn’t Zimbabwe a rich place?”

“Fundamentally, if you boil down what the stimulus means for South Carolina, it means we would go through the process of spending a bunch of money we don’t have,” he said.

The stimulus measure allows state legislatures to override governors and take the money — a provision championed by South Carolina congressman James Clyburn, the No. 3 Democrat in the House. Clyburn said Sanford is unlikely to get any waiver from the administration, and he called the governor’s announcement “100 percent political posturing.”

“This recovery package is designed to stabilize communities, to save and create jobs, and help our economy get back in a growth mode,” he told reporters. “And you don’t do that by paying down debt that’s been incurred over a long period of time.”

And Bauer said that if South Carolina turns down the money, “South Carolina taxpayers will be taking on the debt for economic stimulus money sent elsewhere.”

Sanford has been called a potential GOP presidential contender in 2012, but he told CNN that the next election is “not where I’m focused.”

“I don’t rule anything in, I don’t rule anything out,” he said, adding, “If anything came along like that, it would be an incredibly long shot.”

And to think Sanford is a potential presidential candidate in 2012…

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