Posted on 01/24/2012 9:42:36 PM PST by upsdriver
Coral Gables, FL – Newt Gingrich released the following statement responding to President Obama’s State of the Union address:
We have a crisis of work in this country and tonight President Obama proposed nothing in the way of policy changes that will get us to robust job creation and dramatic economic growth.
Instead, the president described his conviction that his big government is built to last and should be paid for with higher taxes.
But bigger government and higher taxes will not lead to jobs and growth. Bigger government and higher taxes will instead lead to more people on food stamps, a situation which the President and his party defend as a fair outcome.
Here we have to confront the truth about President Obama. Economic growth and prosperity is not really at the top of his agenda. He will always prefer a food stamp economy to a paycheck economy and call it fair.
For the president and a large part of the political class, it’s about their power, their right to rule. They just want to take money from Joe the Plumber – the small business people who makes over 90 per cent of the new jobs -- and redistribute it to the government bureaucracy and their political friends and allies. That’s why so much of that nearly trillion-dollar stimulus didn’t create jobs but just went into the pockets of special interests who support President Obama and the leadership of the Democratic Party.
No better example of this exists than in the crisis of American energy. President Obama and his political allies – not of few of whom love living in energy inefficient houses or driving gas-guzzling luxury vehicles – openly admit they want gas prices to remain high so that the rest of America will learn to live more modestly. They think it’s good for rest of us. Only recently, the president canceled the Keystone XL Pipeline that would have created countless new jobs and helped America on the way to energy independence because he wanted to appease the far left of his party. And yet not a single word on the Keystone XL pipeline tonight.
To create jobs and growth in this country, we must start with dramatic tax reform that lowers taxes and maximizes capital investment and job creation. We must return to a dollar as good as gold whose purchasing power is the same in thirty years as it is today. We must dramatically expand American energy production. We must have smarter regulation at the same time we abolish destructive and costly regulatory systems beginning with Obamacare,Dodd-Franks, and Sarbanes-Oxley. And finally, unlike the current administration, we must have faith in job creators.
With these policies the state of the union will be much better. They will create an explosion in job creation and lead to robust economic growth and a return to prosperity. Furthermore, a paycheck economy will put us on a path to balanced budgets and paying down our national debt.
How many nits can a nitpicker pick if a nitpicker picks nitpicker nitpicks?
He’s right.
Newt has tapped into the righteous anger that most American feel as they watch their Republic being destroyed by the evil left and the contemptible elites of both parties.
There are two conservatives running and I’d be happy with either. Newt isn’t one and although Paul is my favorite in domestic policy he’s a joke on foreign policy and too nutty.
Newt sure sounds like something I heard 30 years ago.
The Gold system and ending the Fed are the only long range solutions to the currency problem.
The Gold system and ending the Fed are the only long term solutions to the currency problem.
How do you propose to do that?
To “grow out”, GDP must increase significantly MORE (prozentually) than debt for an extended period of time - we haven’t done that for over 30 years.
You say Draconian Cuts - try roughly 33% of spending! ($1 Trillion per year!)
If you LOWER taxes, spending will have to decrease MORE than that 33% (or you have to take on more debt to finance it).
While it is true (and Reagan & Bush II proved it!) that decreasing taxes can lead to increased revenues - these increases are not enough to cover the growth in obligations. We are already paying close to 10% of tax revenues on interest payments (at a rate of ~1.5%).
IOW, to Balance the Budget with current reciepts, we would need to slash 41% across the board.
I see no Candidate proposing this.
I’m beginning to like Newt more and more.
Short and to the point.
He said "good as gold" (a simile, a rhetorical device) not backed by gold (an economic proposal).
I have not heard Newt call for a return to the gold standard, but maybe I missed that.
The Establishment Republicrats don’t get it. More worried about getting along with the marxists instead of trying to defeat them.
A rollback to pre-2008 spending levels would be a good start. Repealing Zerocare a second, repeal his added regulations on business, and create jobs with domestic energy production and the Keystone Pipeline.
“There are two conservatives running and I’d be happy with either. Newt isn’t one and although Paul is my favorite in domestic policy he’s a joke on foreign policy and too nutty.”
So you think Romney and SOPAtorum are conservatives?
“I have not heard Newt call for a return to the gold standard, but maybe I missed that. “
Newt is for a supply side monetary policy which is different than what is pitched by mises.org.
The bottom line is to have some sort of price rule and ditch the ‘anything goes mandate’ of the Fed.
We were actually on a de facto gold price rule during the 90’s. The Fed would look at the price of gold and not consider employment as a reason to create more money.
No better example of this exists than in the crisis of American energy. President Obama and his political allies – not of few of whom love living in energy inefficient houses or driving gas-guzzling luxury vehicles – openly admit they want gas prices to remain high so that the rest of America will learn to live more modestly. They think it’s good for rest of us. Only recently, the president canceled the Keystone XL Pipeline that would have created countless new jobs and helped America on the way to energy independence because he wanted to appease the far left of his party. And yet not a single word on the Keystone XL pipeline tonight.
This is very well said by Speaker Gingrich. The sheer hypocrisy of the Kenyan Clown and Albert Gore on this subject are under-reported by the MSM.
The Kenyan Clown insists on keeping the White House at hothouse temperatures while lecturing Americans on keeping the heat down; Gore burns enormous amounts of jet fuel each year in addition to maintaining multiple energy-guzzling mansions (viz., 1,2) while thundering, as Speaker Gingrich puts it so well, "... that the rest of America will learn to live more modestly".
We are living in an age where the U.S. is again a growing energy colossus, but the Democrats are trying their best to keep us impoverished. The Democrats' energy policies may well be their single most unAmerican aspect; their rank hypocrisy is right out of Orwell's "Animal Farm."
Returning to 2006 spending levels (the last year the GOP controlled all three branches), even adjusted for inflation, lops about 3/4 of that number right off the top. Then freeze that spending level, or at least limit it to a 2% annual increase, and you can then very easily grow your way into a budget surplus, which can be used to start paying down the debt.
And that's without cutting one program that existed prior to Obama. There are plenty of other opportunities for reducing or eliminating programs, if the political will can be found.
I took this to be a subtle jab at how India (if I recall the country correctly) is going to start buying oil with gold rather than dollars or euros.
This is because the price of Gold was set too low.
The fact is that there is not enough gold in the world to pay off the US National Debt, much less to back future currency.
There is enough Gold - but not at today's carefully suppressed, paper-Gold diluted prices.
When reality hits and the current fiat system collapses we shall see Gold rise in dollar price to equal the entire currency supply. This will happen regardless of whether or not the US adopts a Gold standard. It is simply what Gold does whenever a fiat currency goes into oversupply.
The current target figure for Gold in the fiat end-game is between 10 to 15 thousand dollars per oz, depending on which economist one talks to.
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