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Tag: State Capitalism


Sanford and ‘Some’

Wednesday will mark the day Mark Sanford, governor of South Carolina, rejected “some” of the estimated $8 billion in federal stimulus money his state is slated to receive. Sanford’s anti-deficit spending stand has sparked talk that the Republican may be eyeing a 2012 presidential campaign. Updated.

Posted on Mar 11, 2009 READ MORE

Pelosi Happy, With Pen
The New York Times / Doug Mills

The Bailout: Take Two

On Friday the House approved, after initially rejecting, the $700-billion bailout package for the financial industry in what is likely to be the most expensive government intervention in the nation’s history. This, of course, only slightly surpasses another notable “government intervention”—the nearly $600 billion spent in the war in Iraq.

Posted on Oct 3, 2008 READ MORE

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