South Carolina Gov. Mark Sanford (R-SC) discusses his theory of macro-economics and his opposition to the stimulus package.
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. If that’s the case, why isn’t Zimbabwe a rich place?
Putting aside the fact that he said it to a prominent black Congressman from South Carolina and giving him the benefit of the doubt that he chose the example of Zimbabwe without any racial overtones, he’s comparing a country with hyperinflation to a country with none. Plus, Zimbabwe is run by a brutal dictator who manipulates the economy as a political weapon. So, you don’t need a degree from the London School of Economics to see that’s a really stupid comparison on the part of Gov. Sanford, racist or not.