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Newt Gingrich Talks Sense on Cents

Posted by Larry Doyle on October 12, 2011 8:33 AM |

Say what you want about Newt Gingrich but I would challenge anybody who thinks Newt is not an exceptionally intelligent individual. I am not here promoting Newt’s candidacy for the Republican nomination. I am also not an apologist for Newt’s past personal transgressions.

While I can understand and respect that many people may differ with Newt politically, in this political season I have often witnessed Newt taking on the media and other individuals and groups in a manner consistent with the virtues espoused by Sense on Cents.

I thank the reader who left a comment and a link from last night’s Presidential debate which highlights Newt’s pursuit of transparency. I do welcome promoting this clip and appreciate the aggressive posture Newt takes in the process. The pursuit of truth, transparency, and integrity is never easy when there are enormous forces working in the opposite fashion. On that note, let’s “keep punchin’“,

EB

Larry, I’m not a great Newt fan, but he sometimes makes excellent points, and this is consonant with your post,  Newt Slams Media For Not Demanding Transparency of Federal Reserve

Newt Gingrich is asked about the Occupy Wall Street movement at the Bloomberg debate in New Hampshire:

Newt Gingrich: “If they want to change things, the first thing to do is fire Bernanke, who is a disaster as chairman of the Federal Reserve. The second person to fire is Geithner.

The fact is, in both the Bush and the Obama administrations the fix has been in. And I think it’s perfectly reasonable to be angry. But let’s be clear about who put the fix in. The fix was put in by the federal government. (LD’s emphasis)

If you want to put people in jail, I want to second what Michele said, you ought to start with Barney Frank and Chris Dodd. And let’s look at the politicians who created the environment, the politicians who profited from the environment and the politicians who put this country in trouble.”

Charlie Rose, moderator: “Clearly, you’re not saying they should go to jail?”

Gingrich: “Well, in Chris Dodd’s case, go back to look at the Countryside deals. In Barney Frank’s case, go back and look at the lobbyist who was close to Freddie Mac.

All I’m saying is, everybody in the media who wants to go after the business community ought to start by going after the politicians who were at the heart of the sickness which is weakening this country and ought to start with Bernanke, who still has not been exposed for the hundreds of billions of dollars.” “I want to repeat this, Bernanke has in secret has spent hundreds of billions of dollars bailing out one group and not bailing another group.

I don’t see how anybody in the news media demanding the kind of transparency of the Fed that you would demand of every other aspect of the federal government. And I think it is corrupt and wrong for one man to have that kind of secret power.”

Now that’s what I’m talkin’ about!!

Navigate accordingly.

Larry Doyle

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I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets, our economy, and our political realm so that meaningful investor confidence and investor protection can be achieved.

  • Rob

    I like the fact that Newt can call it as he sees it, and that he can admit that the other candidates have some worthy points to their ‘plans’ and platforms.

    I’m starting to warm up to Newt because he is consistent in his statements and doesn’t waste a lot of time beating around the bush or turning the questions/ topics back to self-promotion. There’s not a lot of “me” and “I” in his responses, and though that may turn off a lot voters looking for a new leader, I applaud that about him because a real leader doesn’t think of him/ herself first. Newt’s ability to speak from outside of his ego is a rare and commendable trait in a politician.

  • michaelD

    blame the hookers, not the johns;

    so we let big business off of the hook for offering the bribes and only castigate the pols for taking them?

    ordinarily i agree with you but in this instance you seem to have fixated on half of the equation. and frankly whilst its fashionable to berate bush and obama, newt is giving a complete pass [again] to two the other two POTUSs who were instrumental in creating this mess: reagan and clinton. to say nothing of his own participation in engineering this so-called economy.

    • LD

      Michael,

      I do not think I have ever or would ever give either Wall Street or Washington a pass for their insidious incestuous behaviors.

      I ask you, though, how many in the political realm call out their own like Newt does here?

      • michaelD

        i’m not suggesting YOU give them a pass; rather newt does. he’s one of the smarmy politicos who was behind a lot of what is still wrong today. the clinton administration and the congress of that era did easily so much damage as did bush ’43. as to bernanke … these clowns are complete hypocrites and its fashionable right now to bash him. let’s hear newt stand up and recant on NAFTA, gramm-leach-bliley and so on.

        newt is in no way, shape or form supportable. each and everyone of these clowns is up for ‘eating their own’ so long as there is a percentage in it. that applies to the left AND the right. one need go no farther than the alleged ‘debates’ to see that.

        the problem is that the GOP field is populated by a bunch of absolutely worthless individuals [some are complete blithering idiots] who concern themselves with what they want/need and what their buddies want/need. and there won’t be a dem primary challenger so we’ll be stuck with obama or [likely] one of them. there is no consideration for the rest of us beyond the regard anyone might have for fodder. i can agree with the man when he says something right [as he’s clearly right about bernanke] but that doesn’t make him a palatable choice for any job beyond cleaning toilets.

        newt’s commentary makes for great political theater but is every bit so encouraging as hoping for change after the ’08 auction.

  • Bill

    Newt is in the penalty box for sidling up to Nancy Pelosi on the global warming fraud. There was some other outrageous pronouncement that sent conservatives into orbit, but I can’t recall what it was. But he nailed this one on the head.

  • Peter S.

    LD, In order to right our ship we need to first put out the flames. Throwing combustible material on this crisis only feeds the fire and fails our nation. With all due respect, your laudable financial wisdom and integrity is best served without bias.

    • LD

      Peter,

      Therein lies the conflict. In the process of putting out the flames, aren’t we subjected to very likely seeing the truth stamped out as well?

      Additionally, by tolerating an abuse of capitalism aren’t we creating further moral hazards which will only generate greater costs down the road?

      Great questions and worthy of real debate. I am not sure we have had the great national debate yet.

  • Bruce

    Well, it seems to me there is plenty of blame to go around, including Alan Greenspan, Biley, Gramm and Leach and the repeal of the Glass-Steagall Act. Yes, plenty of people belong in debtor’s prison on our behalf.

  • Cate

    Couldn’t agree more on all counts about Newt. He continues to hold responsible party feet to the fire and support a strong opposition to our current administration all while putting a big hand in the face of the media who continually try to steer him in one direction. He is very skilled in dealing with the media and has enabled others to stop the bs questions and take the conversation in a more meaningful direction. Very refreshing.

  • Susan D

    I bet you might be thinking again of your support for Newt. Come to find out he is the same old hypocrite he was during the Monica Lewinsky scandal. He is also very involved with Dominionist leaders. Prior to championing a person, you should probably do a google search or two on them. Ask Newt about his new friend, Jim Garlow or David Barton, or just google the names to find out what Newt is now about. Of course he is attempting to sound like the sane one, his masters have required it. But he is no better than anyone else, at least Freddie Mac thought he was worth a few cool million. He stayed away from the “Call” for a reason, he is the back up to Perry and all the people in the race except Mitt, Jon and others who are running but cannot get a nod from the RNC, Gary Johnson for one, Buddy Roemer for another. Newt is a dominionist puppet.






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