What occurred with Gingrich and Clinton was the proper use of power. Gingrich forced his power, the power of the purse. Clinton bent. You never again saw a serious attempt by Clinton to increase the welfare state. You saw a President who TALKED and was forced to act in a more fiscally responsible manner, and we saw an economic boom sparked by the technology sector who received massive influxes of capital unencumbered by high capital gains taxes.
Just imagine how bad the economic downturn of the 2000-2001 would have been when the tech bubble burst if Al Gore was President and Nancy Pelosi and Harry Reid where leaders in the Congress. Is their any doubt that a similar situation, as has happened today, wouldn't have mired us in a generational Depression? Especially after the attacks of September 11, 2001.
We are NOW entering into the six year of a modern Depression. We have real Unemployment above 14% for more than three years. We have an average loss of household income of more than $4,000 in three years. Unemployment is higher NOW than it was when the recession supposedly ended in June 2009. Unfortunately We have NO hero in the House. We have an over tanned, golfing, drunken, weak crybaby to represent us.
Capital Gains Taxes where reduced.
Drink that Kool-aide Bubba.
What occurred is Republicans did the monkey dance and you swallowed it hook, line and sinker.
If the proper use of power had actually been used we wouldn't have been MORE in debt after Super Newt's Speakership.
Face it sparky you are trying to perpetuate a myth and no one is buying it. Newt Kicked the can down the road it was all smoke and mirrors and a bit of drama for the TV cameras.
There is only one way for the madness to end now and its not Bohner making a last stand ala Custer.
Its simple. You got to let the stupid people be stupid. To save the Republic you got to let it be destroyed. You've got to let Socialism dig deep into Joe Q Public and exact a terrible price.
The smartest thing the Republicans could do is stand aside and let Obama push us over the cliff. If not we just kick the can down the road a bit more.