Erick Erickson Thinks We Should Have Just Let Everyone Lose Their Pensions When The Banks Failed

Looks like Red State's Erick Erickson has a book to peddle since he showed up on MSNBC's Morning Joe instead of his usual gig with the poorly named "best political team on television." When talking about the fact that conservatives didn't stick to
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Looks like Red State's Erick Erickson has a book to peddle, since he showed up on MSNBC's Morning Joe instead of his usual gig with the poorly named "best political team on television." When talking about the fact that conservatives didn't stick to many of their so-called "principles" during the years that George W. Bush was in office, Erickson agrees and thinks that they should be allowing the "free market" to do its job. When asked by Dylan Ratigan if he thinks that after allowing the finance companies to get "too big to fail" the government should have allowed them to go down -- even if it meant God knows how many retirees losing their pensions -- Erickson replies, in no uncertain terms: "Yes."

I wasn't wild about the bailouts but I understood why they did them. They were worried about setting off a death spiral where the entire world's economy collapsed and we had a worldwide great depression. Apparently that's something Erickson thinks we should have risked happening. Of course, his ilk doesn't want any regulations either that might have prevented that sort of collapse in the first place.

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