Tea Party Leader Jim DeMint Has Public Hallucination About Socialism
[su_right_ad]In his ongoing crusade against renewing America’s Export-Import Bank’s charter; Heritage Foundation head Jim DeMint had yet another of his paranoid fantasies about socialism. Yet again, he put it in writing. This time, his inner demons got the best of him in an Op-Ed on Roll Call. Of course, they deleted the delusions a few hours later. Since nothing put on the internet can ever be truly erased it was salvaged from the trash bin by the good people at Huffington Post.
“Ex-Im Bank President Fred Hochberg promotes it as ‘socialized capitalism,'” DeMint wrote, referring to the bank’s financial support for U.S. exports. “But America doesn’t get stronger by becoming more socialistic and making businesses dependent on the government.”
The problem is that Hochberg never said anything of the sort. His actual quote was:
We have partly accepted the world we live in. We live in a world where there are state-directed capitalism at many, many countries. China is one, but it’s not the only one. We want to make sure that when American companies are competing … if they [are] competing against China Inc. or Korea Inc. or Russia Inc. and so forth — sometimes those companies are backed by those governments — we want to make sure if, only if our financing is needed to level the playing field, that we step in. We only step in [on] those rare occasions when we needed it too.”
The quote was removed and an editor’s note added by Roll Call.
Corrected, 3:05 p.m. on Aug. 12: A previous version of this op-ed misquoted Fred Hochberg at the July 29 House Oversight and Government Reform Subcommittee on Economic Growth, Job Creation and Regulatory Affairs.
Anyone else getting flashbacks?
H/T to LL’s great friend @TomCinmidlife who forwarded me this story.