Right on the Bailout Nation
Already talking about his next run against Rep. Jim Langevin, Mark Zaccaria is pitch perfect on the AIG mess, as far as I’m concerned:
“I don’t anticipate that all of the stimulus money will be effectively used,” he said. Zaccaria said he is not opposed in principle to such federal pump-priming measures to invigorate an ailing economy. But the law that Congress passed was so flawed that it should have been scrapped, he said.
Zaccaria also found fault with the federal bailout of the insurance giant AIG. “My inclination,” Zaccaria said of AIG, would have been “to let it fail.” As a business-oriented Republican, he explained, “I’m not entirely opposed to sitting back and watching the forces of nature and the economy take their course” when businesses make mistakes that endanger them.