Wed Nov 19, 5:01 PM Pacific • posted by Jed Lewison
Zach Wamp Explains GOP Economic Values
GOP Congressman Zach Wamp (a likely candidate for governor in Tennessee) explains the Republican economic philosophy to Chris Matthews:
- Low wages are a good thing
- The less health care the better
- It's time to let people learn their lessons the hard way
Wamp didn't mention one thing: even though he opposes bridge loans to the blue-collar auto industry, he supported the $700 billion bailout for the white-collar financial industry.
Transcript:
WAMP: People go into chapter 11 and out of chapter 11 in this country all the time, that's what it's created for.
MATTHEWS: Suppose they're not any good?
WAMP: Well, if they're not any good, then competition is going to bring the best cars to the market. Volkswagen just invested in Tennessee, in a right-to-work state, at a low-cost, with less health care. Why should we prop others up, when other companies can compete in this marketplace?
WAMP: ...It's time to let these people learn the lesson the hard way.