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Public Statements

Issue Position: Corporate Welfare & Bailouts

Issue Position

Location: Unknown

We currently operate under a system in which "moral hazard" is the word of the day. Banks and large corporations see no downside to risk, because in the event of failure, they expect to be propped up by the US taxpayer. This has distorted the free market and created an unsustainable paradigm. Blandford opposes all forms of bailout, subsidies, and handouts. We must return to a classic free market system in which success means profit and failure means loss: anything else is a corruption of capitalism.

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