Newt Gingrich on The Bailout: “This is an appallingly bad plan.”
September 26th, 2008 10:27 am | by George Dewey | Published in Bailouts, Banking, Big Government, Economics, Liberty, Media, Ron Paul, Video | 0
Newt Gingrich has some pretty strong words for the Secretary of the Treasury, Wall Street, both mainstream Presidential candidates, and especially Congress.
Some of the highlights from Newt’s commentary:
- “I think it will be an engine of corruption.”
- “I think this is going to be a nightmare to implement and I believe it is about as bad as anything I’ve seen in economic policy…”
- “This idea that we’re gonna buy the paper and some bureaucrat in Washington is gonna be responsible for $700 Billion in bad paper… I think is Socialism at it’s worst. I can’ imagine why this Administration is doing it. I think it is profoundly wrong, and I hope it is defeated if it comes to the Floor in this form.”
- “Let’s start with putting under oath some of the members of Congress… I mean, Senator Dodd, who will presumably be helping write this bill, was the largest single recipient of money from both Fannie Mae and Freddie Mac… Senator Obama was second… uh, Senator Clinton was the largest recipient from Lehman Brothers. Senator Obama was second. I think Congress ought to also be under investigation. If… if we’re gonna look at greed, let’s look at politicians, as well as the people who gave to them.”
And then, of course, I couldn’t help but chuckle as Hannity goes out of his way to talk over Newt and says, “I don’t wanna interrupt you, but…”
Hannity confirms his selective hearing with “Really? These are some of the most striking comments I’ve heard against this plan…” Well, that’s just great. Haven’t been listening much, have you? Ever hear of Ron Paul?
Liberty Maven









