Zach Wamp Explains GOP Economic Values

GOP Congressman Zach Wamp (a likely candidate for governor in Tennessee) explains the Republican economic philosophy to Chris Matthews:

1. Low wages are a good thing
2. The less health care the better
3. It's time to let people learn their lessons the hard way

Wamp didn't mention one thing: even though he opposes bridge loans to the blue-collar auto industry, he supported the $700 billion bailout for the white-collar financial industry.

Transcript:

WAMP: People go into chapter 11 and out of chapter 11 in this country all the time, that's what it's created for.

MATTHEWS: Suppose they're not any good?

WAMP: Well, if they're not any good, then competition is going to bring the best cars to the market. Volkswagen just invested in Tennessee, in a right-to-work state, at a low-cost, with less health care. Why should we prop others up, when other companies can compete in this marketplace?

WAMP: ...It's time to let these people learn the lesson the hard way.