Truthmatters
Diamond Member
- May 10, 2007
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Does this mean you will throw Newt under the bus?
Who was the President that signed that? Does he admit it was a mistake?Does this mean you will throw Newt under the bus?
Who was the President that signed that? Does he admit it was a mistake?
I give Newt credit here. He pushed for legislation, he recognizes that it was a mistake, and he doesn't mince words over it. Comes right out and says we should reverse course, and is unapologetic about that reversal. I think it speaks well of him. And I agree with him on this issue, we should reinstate it.
gingrich admitting he was part of the reason for the economy being in the shitter.. and being unapologetic about it.... will play well in dem ads if newt gets the nom.......
Who was the President that signed that? Does he admit it was a mistake?Does this mean you will throw Newt under the bus?
Who was the President that signed that? Does he admit it was a mistake?Does this mean you will throw Newt under the bus?
I never said he was unapologetic for being "part of the reason for the economy being in the shitter" (which is a rather dubious claim to make, since we're talking about 15 year old legislation).
gingrich admitting he was part of the reason for the economy being in the shitter.. and being unapologetic about it.... will play well in dem ads if newt gets the nom.......
1) Stop being such a political hack.
2) If you are going to be a hack, don't you dare go twisting around my words to fit your political agenda.
I never said he was unapologetic for being "part of the reason for the economy being in the shitter" (which is a rather dubious claim to make, since we're talking about 15 year old legislation). I said he was unapologetic for the fact that he was making a reversal on his stance. He comes across as proud to reverse his stance. He seems all too happy to learn from mistakes of the past and propose a solution that is in the best interest of the nation. This is the kind of thing we should want to see from our elected officials but don't always get. In fact, there's been plenty of times when I didn't see this coming from Newt at all. But here, he's on target, and I give him credit where it is due.
Changes in economic policy don't necessarily have immediate effects, good or bad. Sometimes the effects develop over time. In the case of Glass-Steagal, its repeal allowed financial institutions to play risky games with other people's money. It was just about guaranteed that this would return to bite us sooner or later, but there was no reason to think it would have an instantaneous effect, and it did not. Fifteen years later, the odds caught up with the banks and the system crashed and burned.
The underlying problems in the economy actually go back to thirty-year-old legislative and administrative changes.