Pat Toomey is Club for Growth's conservative candidate running for Arlen Specter's Senate seat in PA along with Joe Sestak.
On Morning Joe, the topic was the economic problems we are facing and luckily a new USA/Gallop poll says that 42% of America believes George Bush is responsible for this mess whil eonly 24% put it on Obama. The numbers still aren't great for Obama, but that's no shock.
Toomey said that when the financial crisis hit us during the end of Bush's term, it should have been left alone to cleanse society. Oviously no stimulus either. Sure, he said, it would have been much worse all around---the stock market tanking more than it had, but out of the ashes of a destroyed global economy, in his mind the tremendous amount of suffering that would have been caused and all the millions of people that would have been devastated really mean nothing to him. That's the breaks. It's free markets baby.
I'm paraphrasing his remarks that came at the end of the video, but he states the conservative position quite clearly and I believe Barnicle was surprised he explained what he really believes in. This idiot thinks that if all the car companies, all the banks and financial institutions had gone under we would have recovered already.
"I think we would have had a harder down. I think we would have taken a hard down."
See, only the rich would have survived.
Many progressive economists believe that President Obama's stimulus package wasn't big enough and the do-nothing conservative attitude would have led to utter devastation because we have a financial system that is also run on confidence, as strange as that might be. Americans would have been pulling all their money out of their banks and the system would have seized up because the banks didn't have enough cash on hand and then -- kaboom!
If Toomey had been in charge of our country instead of FDR, America might have been overrun by militia type groups like we're seeing crop up today because the country was in such disarray and poverty ravaged our citizens, and anger was the result. We might have never recovered, but if we did under his terms, the type of recovery would have left the country with probably only two distinct classes, and America would have descended from an Oligarchy into a feudal Monarchy: the very rich and the very poor. Kings and Queens, with the rest of left as paupers.
Isn't that a lovely scenario?