A blunt Newt Gingrich on Blago, Palin, and Limbaugh
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He also mentioned two other potential Republican presidential candidates. “If the economy is still a mess a year from now, then [former Massachusetts Gov. Mitt] Romney’s economic credentials start to come back in an important way,” Gingrich said. He cautioned that “Romney has got to figure out how to close the sale.”Skip to next paragraph
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Federal stimulus: sending dollars to China through Wal-Mart
It will take the United States three to five years to work its way out of the current economic crisis, in Gingrich’s view. Government economic stimulus is “a quaint term for sending money to China through Wal-Mart,” he quipped.
Government bailouts of banks and auto companies came in for stinging criticism.
“What I deeply resent is the idea that you have the same people in charge that failed. You can’t have capitalism on the way up and socialism on the way down. The same thing is true of General Motors and Chrysler and Ford,” Gingrich said. “We would be much better off to say to people, 'we will give you bridge loans coming out of bankruptcy. But we are not going to deal with current management, and we are not going to deal with the current labor contracts, and we are not going to allow you to continue lying about the future.' ”
Unhappy with Treasury secretaries from both parties
Bush administration Treasury Secretary Henry Paulson and the current secretary, Timothy Geithner, both received caustic treatment. “I think Geithner is fronting for the banks. Frankly, that is where I thought Paulson ended up. Paulson ended up being a Wall Street dealmaker who was happy to take your money to bail out Wall Street dealmakers,” Gingrich said.
The former speaker juggles a raft of positions including chairman of the Gingrich Group, a communications and consulting firm; general chairman of a nonpartisan advocacy group called American Solutions for Winning the Future; senior fellow at the American Enterprise Institute; distinguished visiting fellow at the Hoover Institution at Stanford University; and political analyst for Fox News.
Just reading the list makes me tired.