General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"Speaker Gringrich" was instrumental in the economic decline of this country
As Speaker of House during the 1990s, Newt Gingrich and the Republican Party were instrumental in killing the Glass-Steagall Act, which separated investment banks and traditional lending banks. The combining of these banks in the wake of the repeal of that regulation led to the economic collapse in 2008. In an interview on ABC with Jake Tapper, Gingrich admitted that deregulating the banking industry was a mistake
http://www.addictinginfo.org/2011/11/09/newt-gingrich-calls-for-reinstating-glass-steagall-admits-deregulating-the-banking-industry-was-a-mistake/
http://my.firedoglake.com/politicalpartypooper/tag/glass-steagall/
http://www.minyanville.com/dailyfeed/2011/11/09/newt-gingrich-regrets-glass-steagall/
SharonAnn
(13,771 posts)He "invented" the policy of refusing to work with Democrats, calling them names, and attacking them as traitors, socialists, etc.
He is directly responsible.
The one he's good at is divisiveness. Of course, that doesn't get any positive work done but it's a lot of fun for him.
Rosa Luxemburg
(28,627 posts)Initech
(100,028 posts)Rosa Luxemburg
(28,627 posts)lpbk2713
(42,736 posts)You've got to be lower than whale shit when your fellow rethuglicans don't want to be around you.