DeMint thinks the Bush Administration has worn out Americans' trust on handling the economy. DeMint: U.S. can’t trust Bush on economy

Republican Sen. Jim DeMint (S.C.) thinks the Bush Administration has worn out its trust from the American people on handling economy.

“It's a sad fact, but Americans can no longer trust the economic information they are getting from this Administration,” DeMint wrote in a post on Politico’s Arena forum Tuesday.


DeMint, a harsh critic of the proposed $700 billion dollar bailout, wrote that Treasury Secretary Henry Paulson's market predictions “have been consistently wrong in the last year.”

“Now they want us to trust them to spend nearly a trillion dollars on more government bailouts. It's completely irresponsible,” the South Carolina Republican added. “Any Republican or Democrat who shares these concerns cannot in good conscience vote for this bailout and pretend to care about protecting the taxpayer.”

“The Administration said the bailout of Bear Stearns would stop the bleeding and solve the problem, but they were wrong. They said $150 billion in new government spending using rebate checks would solve the problem, but they were wrong again. They said new authority to bailout Fannie Mae and Freddie Mac would solve the problem without being used, but they were wrong again.”

During an interview on CNN’s “American Morning,” DeMint said that “the government has done just about everything it can to bring this economy down.”

“I believe the government broke this. I don’t think the government can fix this. What we need to do is get the government out of it and stop undermining our economy.