PODCAST: Dave McCormick Says Biden's SVB Bailout ‘Crosses The Line'

By DVJ Editor, Delaware Valley Journal

March 13, 2023

Businessman and 2020 GOP U.S. Senate candidate Dave McCormick joins the DVJournal podcast to talk about his new book, Superpower in Peril: A Battle Plan to Renew America.

He also talks to DVJ News Editor Linda Stein about current events, including the Biden administration’s “don’t call it a bailout” rescue of Silicon Valley Bank’s depositors. McCormick says guaranteeing every depositor dollar — far above the $250,000 protected by FDIC insurance — creates “moral hazard” and could be setting a very expensive precedent for U.S. taxpayers.

From TikTok to a failing education system, McCormick lays out his concerns about the perils facing America’s future. But he also offers solutions as well.

Could those solutions be part of a 2024 U.S. Senate bid? It’s all part of the podcast.

Hosted by Michael Graham.

The Delaware Valley Journal provides unbiased, local reporting for the Philadelphia suburbs of Bucks, Chester, Delaware and Montgomery Counties. For more stories from the Delaware Valley Journal, visit DelawareValleyJournal.com