Gingrich urges vote against 'stupid' Paulson plan

[babylonsister]

And FWIW, Gingrich is wrong.

Gingrich urges vote against 'stupid' Paulson plan
By Sam Youngman
Posted: 09/23/08 01:47 PM


Former Speaker of the House Newt Gingrich said Tuesday that any lawmaker who votes for the Bush administration's $700 billion bailout package, which he called a “dead loser,” will face defeat in November.

Gingrich (R-Ga.) said he thinks Treasury Secretary Henry Paulson is trying to scare lawmakers into passing the bailout plan quickly and without thorough study.

“I think what Paulson hopes to do is say, ‘If you don’t do exactly what I want you to do, the whole world’s going to collapse on Tuesday’,” Gingrich said.

The former Speaker, talking to reporters at a lunch, added that he expects Democratic presidential candidate Sen. Barack Obama (Ill.) to back the plan. He predicted that, if Republican presidential candidate Sen. John McCain (Ariz.) ends up opposing the administration proposal, there will be an overnight “emergence of a McCain/reform wing of the Republican Party.”

Gingrich said that occurrence would turn the election on its head, with Republicans running ads that feature Obama with President Bush on the same team in pushing for a “nightmare” bailout plan.

more...

http://thehill.com/leading-the-news/gingrich-urges-vote-against-stupid-paulson-plan-2008-09-23.html

[Eric J in MN]

1. I agree that Congress should reject the Bush bailout.

However, I disagree with Gingrich that instead Congress should pass de-regulation.

I want Congress to pass re-regulation.

[dbonds]

2. Did hell freeze over?

I actually agree with Gingrich, it is a day to remember. Actually, while Gingrich is republican, he isn't really a neocon - that may be the pivot on which this turns. (I don't expect Obama to back this plan though, he has said he wouldn't as it is)

[Javaman]

3. I'm feeling chilly...

I know! I can't believe, at least on the surface, I agree with figman