Because standing in line on the GOP Establishment plantation for 40+ years is WAY more important then leadership skills, Conservative principals or ethics!
It’s pretty obvious for the money Newt got from Freddie Mac that he wasn’t a “historian”. The guy was a defacto lobbyest. That said, I could really care less because I’d still support him over Romney 1000 times if he were the nomineee.
I say this as a Cain supporter.
“Gingrich 2012!
Because standing in line on the GOP Establishment plantation for 40+ years is WAY more important then leadership skills, Conservative principals or ethics!”
THE STORY OF THE 1990s JOBS AND PROSPERITY BOOM IS THE STORY OF THE FIVE TRILLION DOLLAR TURNAROUND IN THE U.S. FISCAL OUTLOOK THANKS TO NEWT GINGRICH’S LEADERSHIP
When Newt Gingrich was sworn in as the first Republican Speaker of the House in forty years in January 1995, the Congressional Budget Office projected that over the next decade the cumulative federal budget deficits would total $2.7 trillion. Shortly after Gingrich left office in January 1999, CBO projected that over the next decade that federal surpluses would total over $2.3 trillion– a four-year turnaround in the financial outlook of the United States of $5 trillion. A comparable improvement in the U.S fiscal outlook today would total over $8 trillion (as % of GDP).
THE RESULTS OF NEWT GINGRICH’S FOUR YEARS OF NATIONAL LEADERSHIP:
Eleven Million New Jobs Created By the American People. In four years, the national unemployment rate fell from 5.6% to 4.2%
Federal Spending Held to the Slowest Growth Rate Since the Early 1950s (avg. of 2.9% a year).
Four Straight Balanced Budgets for the First Time Since the 1920s.
Dynamic Entrepreneurial and Investment Growth from the Biggest Capital Gains Tax Cut in History.
Venture capital spending grew 500% in three years and manufacturing sector grew to 17.43 million jobs.
Bipartisan Welfare Reform that Lifted Millions from Poverty. Within five years of the passage of bipartisan welfare reform, child poverty had dropped by nearly a quarter, child poverty in single-parent households reached an all-time low, and nearly two-thirds of those who left welfare were gainfully employed.
Over $400 Billion of National Debt Paid Down During the Balanced Budget Years.
During his four year Speakership, Gingrich led a reduction in the share of the public debt for every worker in the amount of $2,484. (Compared to an increase of $26,302 per worker under Obama.)