Ron DeSantis takes another swat at companies deemed ‘too big to fail’

Utah AP DeSantis
The Governor's pivot toward economic populism continues.

Gov. Ron DeSantis continues to nod toward economic populism as a presidential candidate.

In a USA Today editorial, DeSantis criticized a policy of corporate bailouts instituted as part of the resolution of the 2008 financial crisis.

“Revitalizing economic freedom and opportunity today will require building an economy where the concerns of average citizens are elevated above those deemed ‘too big to fail,’” DeSantis wrote in an opinion piece outlining his plan to deal with a “decimated” economy.

The Governor, who recently rolled out his “Declaration of Economic Independence,” also forged in the same piece a new folksy framing of his fight against ESG, or “environmental, social and governance investing standards.”

“I don’t care if someone is trying to sell fossil fuels, firearms or French fries, there will be no ideological litmus test for getting a loan, establishing a bank account or running your business,” the Governor declared.

The op-ed, which seems to be part of the ongoing DeSantis campaign reboot, follows up on some populist themes in the original rollout of the “economic independence” plan.

“Think about this: Today, the bottom half of households have less wealth than they did in 1989. Meanwhile, the top 10% have added 29 trillion in wealth,” DeSantis lamented.

The Governor also decried “boom-and-bust” policies enacted in the wake of the 2008 financial crisis that have been “costly for average Americans,” citing “quantitative easing” to make the rich richer. “Venture socialism” has been the order of the day, DeSantis said, with corporate bailouts and carve-outs.

“The idea of too big to fail has led to ‘too difficult to succeed’ for America’s middle class,” DeSantis said, decrying “socialism” for the elites and extolling natural economic cycles.

A.G. Gancarski

A.G. Gancarski has been the Northeast Florida correspondent for Florida Politics since 2014. His work also can be seen in the Washington Post, the New York Post, the Washington Times, and National Review, among other publications. He can be reached at [email protected] or on Twitter: @AGGancarski


12 comments

  • Dale A Arnold

    August 7, 2023 at 9:51 am

    Yeah he cares about the little guy.. Right??
    Fake as can be!!! HE doesn’t care what your business is or does.. Just as long as you follow Ronnie’s rules. Or else!!

    • eva

      August 7, 2023 at 2:56 pm

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    • Kamwick

      August 7, 2023 at 8:50 pm

      It always amazes me that people like Tiny D are called ‘populists’ when they actually represent a minority of people. Usually the wealthy and/or White nationalist types.

      He’s not even appealing. His voice is whiny and his policies are unAmerican.

  • My Take

    August 7, 2023 at 10:59 am

    Is he now channeling Father Coughlin a bit?

    • Kamwick

      August 7, 2023 at 8:51 pm

      Good that you know your history.

      Sad that so many mewling “America First!!!!” don’t know the history of that phrase and what they’re actually emulating.

  • JS

    August 7, 2023 at 11:16 am

    “Republican Populism” is like when Exxon buys a clean energy startup and says they’re going to start caring for the environment.

    Classic bait and switch. At the end of the day it’s all carefully staged gaslighting to protect the corporate status quo at all costs.

  • Dont Say FLA

    August 7, 2023 at 12:03 pm

    Did Raging Rhonda reboot into their previous operation system, Reasonable Conservative Rhonda? Best of luck with that Rhonda. You filled the airwaves and bitwaves with Raging Rhonda, providing Biden (if you make it that far) with bottomless mudpit from which to sling you own mud and feces pies at you. The road of raging, it was one way. No U-turn allowed. You can try a U-turn, but your campaign will crash again (both literally and the other literally aka figuratively) but into a fully loaded cement truck, head-on if you ever face Biden in the general. At least that would be a hoot for us to watch.

  • My Take

    August 7, 2023 at 12:39 pm

    New.
    DeSSlantus to Trump: “LOSER !”

  • MH/Duuuval

    August 7, 2023 at 12:46 pm

    Bull! GOP tax policies have been the primary driver of the increasing stratification of the economy.

  • Sigmund Freud

    August 7, 2023 at 3:30 pm

    Perhaps this man, DeSantis, has “too big” envy. Note his use of the word “fail” to describe the fate of the “average” man, coupled with his use of “boom-and-bust.”

  • Who Is Teaching Hate?

    August 7, 2023 at 5:06 pm

    Is this what happens at Yale, Harvard, in the Services?

    Who taught this to him? His church?

  • Miami guy

    August 8, 2023 at 4:43 am

    Isn’t interesting now Ron is ok with FPL being a massive monopoly that increases rates annually excessively, and pays him handsomely in return to look the other way?

Comments are closed.


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