Gingrich Offers Rival Jobs Forum to Challenge Obama Summit (a real jobs summit)

Former House Speaker Newt Gingrich is holding a rival jobs forum to match the White House's Thursday event, heading to Cincinnati, Ohio, on Wednesday for the start of a program he calls "a real jobs summit."

Gingrich, who is head of a political action group called "American Solutions," is widely known to be toying with a run for the presidency. The trip to Ohio, where unemployment is slightly higher than the national average of 10.2 percent, is the first in a series and will followed by a trip to Jackson, Miss.

In promoting the event, Gingrich's group is dismissing the event hosted by President Obama as "political theater."

"As the administration actively promotes job-killing health care, energy, and big labor legislation, millions of Americans struggling to find work won't be fooled by the political theater of a 'jobs summit,'" reads promotional material from his Web site.

According to the Gingrich job creation plan, he would first reduce payroll taxes by 50 percent for employers and employees to be paid for with unused TARP and "stimulus" money authorized late last year and early this year.

Gingrich also proposes allowing small businesses to expense 100 percent of new equipment purchases, abolishing the capital gains and estate taxes, reducing the corporate tax rate and balancing the budget by driving down spending and reforming government.

The “new” Republican Party ...

http://republicanwhip.house.gov/newsroom/2009/04/national-council-for-a-new-america-formed.html

Our National Panel of Experts:

Governor Haley Barbour
Governor Jeb Bush
Governor Bobby Jindal
Senator John McCain
Governor Mitt Romney

(snip)

Sincerely,

John Boehner, Eric Cantor, Mike Pence, Cathy McMorris Rodgers, John Carter, Pete Sessions, David Dreier, Kevin McCarthy, Roy Blunt

Mitch McConnell, Jon Kyl, Lamar Alexander, John Ensign, John Cornyn, John Thune, Kay Bailey Hutchison

http://theplumline.whorunsgov.com/republican-party/gingrich-to-be-a-public-face-of-cantors-effort-to-remake-gop/

Gingrich Joins Cantor’s Effort To Remake GOP

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9/10/09

As expected after yesterday’s cloture vote, Cass Sunstein was confirmed as the administrator of the White House Office of Information and Regulatory Affairs. The vote was 57-40. Click here to read OMB Watch’s statement on the confirmation.

The vote fell mostly somewhat along party lines. Republican senators Robert Bennett (UT), Orrin Hatch (UT), Susan Collins (ME), Richard Lugar (IN), Olympia Snowe (ME), and George Voinovich joined 51 Democrats (including Sen. Joe Lieberman) in voting for Sunstein. Democratic senators Mark Begich (AK), Blanche Lincoln (AR), Ben Nelson (NE), Mark Pryor (AR), Jim Webb (VA), independent Bernie Sanders (VT), and 34 Republicans voted against.

Sen. Robert Byrd (D-WV) and Sen. Barbara Boxer (D-CA) did not vote.

Sunstein’s nomination grew more and more controversial after the Senate Homeland Security and Governmental Affairs Committee approved it on May 20. The Committee approved the nomination by voice vote, and only Sen. Tom Coburn (R-OK) objected. Committee members Pryor, John McCain (R-AZ), John Ensign (R-NV), and Lindsey Graham (R-SC) all voted against Sunstein this time around.

http://www.ombwatch.org/node/10376

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http://www.freerepublic.com/focus/f-news/2393032/posts

RNC brings in veteran strategist (a Romneybot, CNN shill who once attacked Palin)
CNN - Political Ticker ^ | 2009-11-23

WASHINGTON (CNN) - The Republican National Committee will announce Monday that veteran political strategist Alex Castellanos will assume a senior communications role at the committee, an RNC official tells CNN.

(snip)

“Now the RNC has a new focus and direction - the 2010 elections,” Castellanos said when reached by telephone. “And I am happy to help.”

If I had my way, these reforms to clean up both government and business should be implemented RIGHT NOW:

1. Massively overhaul our taxation system. The current taxation system is so complex that is costs Americans US$500 BILLION per year at minimum in compliance costs, ends up driving around US$15 TRILLION in American-owned liquid assets out of the US financial system to keep them out of the reach of the IRS, and forces American businesses to "outsource" jobs for income tax avoidance purposes. This, in my humble opinion, is economy stupidity. We should drastically simplify our taxation system--either by going with Steve Forbes' flat tax plan or going to the even more radical FairTax plan--so it encourages Americans to keep their personal savings and capital investments staying in the USA. For one thing, being able to bring back under better tax conditions that US$15 trillion now out of the US financial system would enormously help in making many distressed companies whole again and would provide a huge new line of liquidity for new loans and lines of credit so necessary for real economy recovery and long term growth.

2. Create a Federal commission to look at every governmental department and find ways to consolidate governmental operations to reduce the size of government itself. For example, we should be seriously looking at consolidating Social Security, Medicare and Medicaid into a "single-point" social services agency--saving potentially trillions of dollars in operational costs.

3. Reign in the excesses of the financial services industry that caused much of the mess in the first place. There were too many systemic problems with our financial system, all of which contributed to the stock market crash last fall. We need to take the following steps to restore financial confidence:

a) Require real liquidity backing to trade in derivatives, hedge funds, credit default swaps and other "exotic" investments, or just ban these types of investments outright. No oversight on these investments caused a lot of the downfall of many financial firms when the stock market crashed.
b) Increase the minimum margin requirements for trading in stock futures and commodities from the current 5% to 15%, with a rate as high as 25% for critical items like precious metals, certain industrial metals, certain foodstuffs, petroleum products, and stock futures in financial companies and banks. During 2008, that too-low minimum margin requirement was why the price of rice and crude oil literally went just WAY too high from too-easy price speculation, contributing to serious inflationary issues.
c) Revise the Sarbanes-Oxley Act to better balance the need for larger initial public offerings (IPO's) of stock and account reporting requirements. Ever since this law passed there are very few IPO's because the cost of doing proper accounting before starting the IPO has become prohibitively expensive. Google, in my humble opinion, may literally become the last of the "big companies" to file an IPO in the USA at the rate things are going.
d) Reimpose the full aspects of the 1933 Glass-Steagall Act to get banks out of the equities business, which will shield bank assets from the ups and downs of the stock market. If anyone remembers the 1987 stock market crash, note that bank assets--because banks at the time could not directly deal in equities--remained safe from the stock market crash, and as such literally became a de facto "economic backstop" to hold up the US economy while the stock market worked out its issues with that sudden crash.

We don't need to go that far, but I do think we need to phase out over a period of a decade the Federal Reserve and replace it with the Third Bank of the United States (modeled after the Bank of England) and in this same transition period return the US dollar to an asset-based currency backed by a mix of gold, silver, platinum, nickel and copper (the most common metals used for metal coinage). The so-called Amero idea--despite the fact almost every Freeper hates the idea--may actually make sense if it is an asset-based currency that merges the US dollar, Canadian dollar and Mexican peso to create a "super currency" like the Euro, but with a lot more solid financial base since you have a real reference of that mix of metals I mentioned above to back up the currency.

Gingrich is going to totally screw up the Republican Party, along with the "alleged" Republicans who endorse him and his vichy moderate RINO party.

Heard someone mention that they expect the Republicans to take back the majority and make John Boehner the Speaker of the House . . . DUH, you jokers . . . it'll be same old same old and NOTHING will get done to repeal any of these unconstitutional bills and taxes.

The Congress Needs a [nearly] Complete Overhaul. There are only a hand full of Congress people who are worth their pay.

And while they're "fixing" Congress, a Republican majority needs to REVERT to the "old ways." Reduce Salaries, Abolish most Perks . . . NO Government paid Health Care or Entitlement to Life-long Pay . . . . Make changes across the board for ALL Federal Employees.

Enough is enough.

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