Charleston, SC – April 8, 2013 – Former Governor Mark Sanford today visited with a local small business owner to ask the “$320,000 question” of the Congressional campaign:
Could you create more than one job with $320,000?
For the past three years, Governor Sanford’s opponent, Elizabeth Colbert Busch, has helped advance the Wind Turbine Drivetrain Testing Facility, which has largely been funded via the 2009 stimulus – something Governor Sanford vehemently opposed all the way to the state Supreme Court. Colbert Busch is also on record calling the facility a good example of the kind of project the stimulus should have supported.
After a $43 million stimulus infusion, according the Obama Administration’s own statistics the facility has “created or saved” only 134.12 jobs.
That equates to more than $320,000 per job, in fact if you were to include other public monies the number gets closer to $500,000 per job!
Governor Sanford has long argued that the stimulus would not have the desired effect of growing the economy, and in fact would impede economic recovery. In fact, in 2009 he wrote that as a nation we cannot, “solve a problem of too much debt with yet more debt.” Instead, Governor Sanford has argued for lower taxes and limited spending as keys to growing the economy.
Governor Sanford today visited Lyerly’s Cleaners in Mount Pleasant – as he will with other small businesses across the 1st District – to talk one-on-one with business owners about whether they would prefer more in the way of economic “stimulus” or more in the way of tax cuts and regulatory relief.
“I have no doubt they’re doing some great research over at the Drivetrain Institute, but to me it comes back to the ideas of return on investment, and the proper role of government in the economy,” Sanford said. “Some believe that it’s government’s role to try and drive the economy, but as we all saw back in 2009 it just didn’t work, and some would argue it actually prolonged our recovery because it froze would-be investors who wondered when the next bailout would take place. I believe a key difference in this race is going to be whether one believes it is small business that drives the economy, or whether one believes it is government borrowing that does so, and I look forward to having that debate with my opponent over the coming weeks.”
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