Posted by Jed Lewison on Wed Nov 19, 2008 at 5:01 PM Pacific

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:

  1. Low wages are a good thing
  2. The less health care the better
  3. 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.


YouTube link

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.

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:

  1. Low wages are a good thing
  2. The less health care the better
  3. 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.

The Jed Report Home Page

© Jed Lewison