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September 22, 2008

Sign of the apocalypse

I can't disagree with one word of what Newt Gingrich said in an NPR interview

Of course I don't trust him for one second, but check out THIS
NPR: This $700 billion bailout plan, this potential 20-year mess that you're talking about, comes from a Republican administration, comes from your own party. What's happened to Republican faith in small government and free markets?

Gingrich: Well, I think you have a Goldman Sachs chief of staff to the president and the Goldman Sachs secretary of the Treasury. And they convinced the president that the American people ought to send $700 billion to Wall Street, which I think is a very, very bad idea, and I would argue is a very un-Republican idea. I don't understand what they think they're doing.
Is he a man of principle? I don't think so. He's been a strong proponent of unlimited spending for war and unremitting attack on the working class. Maybe he just senses that the current epic financial scandal is the death of conservatism as a working economic theory. So he's taking aim at the nail about to go in the coffin.

Posted by The Owl at 23:01. Filed under: Economy

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