Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Rosa Luxemburg

(28,627 posts)
Mon Jan 23, 2012, 11:40 PM Jan 2012

"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/

5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
"Speaker Gringrich" was instrumental in the economic decline of this country (Original Post) Rosa Luxemburg Jan 2012 OP
And, he was responsible for the toxic, partisan divide that we now have. SharonAnn Jan 2012 #1
like something rotting Rosa Luxemburg Jan 2012 #2
He is a truly rotten evil scumbag. Not worthy of POTUS. Initech Jan 2012 #3
Yes Rosa Luxemburg Jan 2012 #4
Other rethuglicans don't want anything to do with him. lpbk2713 Jan 2012 #5

SharonAnn

(13,771 posts)
1. And, he was responsible for the toxic, partisan divide that we now have.
Tue Jan 24, 2012, 12:25 AM
Jan 2012

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.

lpbk2713

(42,736 posts)
5. Other rethuglicans don't want anything to do with him.
Wed Jan 25, 2012, 06:14 PM
Jan 2012



You've got to be lower than whale shit when your fellow rethuglicans don't want to be around you.



Latest Discussions»General Discussion»"Speaker Gringrich&q...