Pawlenty rips oil response, would have let AIG fail

Governor Tim Pawlenty fielded a wide range of questions during a taping of a traveling Meet the Press show on the University of Minnesota campus. Host David Gregory asked questions about Arizona's immigration law (Pawlenty supports it), Don't Ask, Don't Tell (Pawlenty wants to keep the current policy in place) and on the oil spill in the Gulf of Mexico.

Pawlenty is raising questions about the government's response to the BP oil disaster but argues it is too soon to blame anyone for the oil spill. Pawlenty said he doesn't want to rush to judgment but then issued a list of questions critical of the Obama Administration.

"Why aren't there more skimmers out there, why aren't they working longer hours?," Pawlenty asked. "Why did they rely just on BP early on to tell us to what the volume of the leak was. Why didn't we independently verify that using government sources? Why weren't booms replaced when they became more saturated and releaked oil? So there's going to be a lot of these questions that may very well point back to this administration."

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Pawlenty, who may seek the Republican nomination for president in 2012, called for increased offshore drilling to ease the nation's energy crunch during the 2008 campaign for president. As for an announcement on his intentions, Pawlenty said he won't make a decision until after he finishes his term as governor in 2011.

Pawlenty also said he would have also let insurance giant AIG fail in 2008 even if it could have caused further turmoil in the financial markets. Pawlenty made his comments during a traveling version of NBC's Meet the Press which was taped at the University of Minnesota campus on Thursday. Pawlenty told show host David Gregory that he was disappointed with all of the federal bailouts in recent years and even singled out the bailout of AIG.

Pawlenty: "How much worse would you be without AIG? I mean really? I'd make an argument that it might be better?

Gregory: So you would have let AIG default?

Pawlenty: I think so."

Federal Reserve Chair Ben Bernanke said the bailout of AIG, the world's largest insurance company, was necessary because the nation would have gone into a deeper economic slump and "even greater financial chaos" without it.

Even though the show was taped in Pawlenty's home state, it appeared to be a road game for the governor. Several members of the audience laughed when he mentioned that he kept school funding safe by delaying school payments in the most recent budget deal. Pawlenty shot back that "it was better than a cut."

Others questioned whether Pawlenty sacrificed the financial health of the state for his political aspirations of running for president. Pawlenty defended his actions saying Minnesota is already a highly taxed state.

NBC officials say excerpts from Pawlenty's appearance will air on Sunday's show. It will also air online and on MPR's Midday on Friday at noon. You can also listen to the full broadcast here: