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Gingrich: Paulson has terminally misunderstood the nature of the American system...

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Lester Subscriber

User ID: 512635
9/28/2008 4:05 PM
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Gingrich: Paulson has terminally misunderstood the nature of the American system...

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'Un-American' Bailout, Paulson Should Have Quit, Gingrich Says
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Share September 28, 2008 12:46 PM

ABC News' Tahman Bradley and Arnab Datta Report: Former House Speaker Newt Gingrich, R-Ga., on Sunday described Treasury Secretary Henry Paulson's request for billions of dollars to buy debt from struggling Wall Street financial firms as "un-American" and said the secretary should have stepped down.

Gingrich even expressed concern with Paulson's connections to Wall Street. The treasury secretary served as the chairman of a major global investment banking and securities firm before joining the Bush administration.

"You have the former Chairman of Goldman Sachs asking for 700 billion dollars, and in his initial request, asking for it in such an un-American way that I think he should have resigned," said Gingrich. "I think Paulson has terminally misunderstood the nature of the American system. Not just no review, no judicial review, no congressional accountability. Give me 700 billion dollars, 700 BILLION dollars! 'I'll be glad to spend it for you.' That's a centralization of power that is totally un-American."

Watch Gingrich's remarks HERE.

Watch "This Week's Sunday Sound" webcast HERE.

Early Sunday, congressional leaders and the Bush administration reached a tentative agreement on the $700 billion Wall Street bailout proposal. The bill is expected to come up for a vote in the House on Monday.

Gingrich, who made his remarks on the "This Week with George Stephanopoulos" roundtable, conceded that he would probably vote for the plan if he were still in U.S. House because Congress was left with little choice.

Last week, Gingrich described the bailout plan as a "dead loser on Election Day" and urged Republican presidential candidate Sen. John McCain of Arizona to speak out against the plan. McCain, who appeared as the headliner on "This Week", signaled he's likely to vote for the bill in its present form.

Link: [link to blogs.abcnews.com]

Evil Twin Subscriber

Forum Moderator
User ID: 512547
9/28/2008 4:09 PM

Re: Gingrich: Paulson has terminally misunderstood the nature of the American system...	Quote
Newt Gingrich right again! This is my helmet. There are many like it, but this one is mine. I am not your rolling wheels I am the highway

Lester Subscriber

User ID: 512635
9/28/2008 4:32 PM

Re: Gingrich: Paulson has terminally misunderstood the nature of the American system...	Quote
ET, Saw this on tickerforum. Newt is not the most stellar guy. Pretty damn embarassing when the architect and betrayer of the Republican Revolution isn't even on-board for a money grab of this magnitude... All these rat bastards should be run out of town on a rail.

Evil Twin Subscriber

Forum Moderator
User ID: 512547
9/28/2008 4:38 PM

Re: Gingrich: Paulson has terminally misunderstood the nature of the American system...

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Quoting: Lester

Newt is a guy that I agree with about 50% of the time, and cannot fathom the other 50%.

Running them ALL out of town sound good to me! Career politician have ruined this nation.

I'm in favor of strict 1 term limits on all Federal level politicians.

This is my helmet. There are many like it, but this one is mine.

I am not your rolling wheels
I am the highway

Anonymous Coward
User ID: 270862
9/28/2008 4:43 PM

Re: Gingrich: Paulson has terminally misunderstood the nature of the American system...	Quote
I'm in favor of strict 1 term limits on all Federal level politicians. Quoting: Evil Twin I'm in favor of hanging each and every one of the traitorous mofo's. Anybody have a list?

Anonymous Coward
User ID: 512206
9/28/2008 4:46 PM

Re: Gingrich: Paulson has terminally misunderstood the nature of the American system...	Quote
Ol Newt is just playing the odds so he'll sound good at home back in GA. Mouthing of one way, but doing something else. Wait and see. That's his MO.

Lester Subscriber

User ID: 512635
9/28/2008 4:48 PM

Re: Gingrich: Paulson has terminally misunderstood the nature of the American system...	Quote
One term for Federal service, maybe two for state and local. Of course, all this BS we are seeing is purposefully manipulated. What better way to "reform the system" your way, than to create the crisis that shapes the alternatives? Hegellian Dialectic 101 in action.

bitchfromhell
User ID: 473633
9/28/2008 4:53 PM

Re: Gingrich: Paulson has terminally misunderstood the nature of the American system...	Quote
In Japan when leaders fail this miserably they commit Hari-Cari.

Ikaika
User ID: 204551
9/28/2008 5:06 PM

Re: Gingrich: Paulson has terminally misunderstood the nature of the American system...

Quote

ET,

Saw this on tickerforum.
Newt is not the most stellar guy.
Pretty damn embarassing when the architect and betrayer of the Republican Revolution isn't even on-board for a money grab of this magnitude...

All these rat bastards should be run out of town on a rail.

Newt is a guy that I agree with about 50% of the time, and cannot fathom the other 50%.

Running them ALL out of town sound good to me! Career politician have ruined this nation.

I'm in favor of strict 1 term limits on all Federal level politicians.

Quoting: Evil Twin

Agreed.

I never felt Newt was as big as his ego,
but I feel he called this one right.

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