He won’t make anybody in Washington afraid if he is attacking Wall Street Was that a typo? Are you even paying attention to what goes on in the world? Haven't you been watching the likes of Jeffrey "tax-free" Immelt and John "I can't show you the money" Corzine buddying up with Obama?
Newt gave a speech demanding that Fannie and Freddie NOT be bailed out by the taxpayer in 2008. They were not funded by taxpayers back when his firm worked as consultants for them.
He said several times he is going to fire everyone at the EPA and create a new agency with a very different purpose.
As I understand it, Newt is a tax credit guy. He wouldn't give taxpayer money away to companies but he may give tax breaks to help promote stuff like American energy development.
....taxpayer being required to bail out pension funds that they underfunded considered “private business success?”
-——that is not the only source of their success. Staples organic growth, Dunkin Donuts, Burger King. Sometimes companies have miserable management and need to be bought and fixed. I’ve been in companies that fit that description and were taken over.
He won’t make anybody in Washington afraid if he is attacking Wall Street — Was that a typo?
Not a typo but not as clear as it should have been. What I meant to say is that the puppetmasters in Washington are happy to offer Wall St as a target. Remember Obama and the pitchforks? Washington elites want to cut Wall St down to size to reduce a rival center of power in America. That’s cookie cutter socialism. They would be happy to cream both legitimate and crooked capitalistic institutions. We need to reduce the size of government first and reform it. That will reduce that half the crony capitalism equation. If government were not dysfunctional (SEC investigators watching porn on the job.....) Wall St would not have gone off the rails as it has. If the candidates are not focused like a lazer on dysfunctional government then they are off course.
Newt gave a speech demanding that Fannie and Freddie NOT be bailed out by the taxpayer in 2008.
-——and yet just 2 years earlier he was defending them against Republican efforts to reduce and regulate them.
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In 2006, Gingrich was hired again on a two-year contract that paid him $300,000 annually, again to provide strategic advice while the company fended off attacks from the right wing of the Republican Party.
Freddie Mac and Fannie Mae for years had been under scrutiny from Republicans on Capitol Hill who opposed government involvement in the mortgage business and wanted to scale back the companies’ size and impose tough regulation.
As I understand it, Newt is a tax credit guy. He wouldn’t give taxpayer money away to companies but he may give tax breaks to help promote stuff like American energy development.
—— Again, reduce the size of government dramatically. Focus on the government and how badly they have screwed every sector they touch. Tax credits are just an invitation to for congressmen to take money from crony Wall St. crooks and buy with insider knowlege. Don’t give tax credits to select winners and losers (most likely losers e.g. chevy volt, solyndra, fiskars electric car.) Just reduce out of control regulation and let companies profit or lose.