Gingrich Supports Bailout Plan

By Justin Gardner | Related entries in Economy, Legislation, Republicans

Yet another naysayer reverses course.

Gee, I wonder why…

Former House Speaker Newt Gingrich reversed course on Monday, issuing a statement saying that if he were still in office he would “reluctantly and sadly” support the $700 billion Wall Street bailout bill.

Gingrich, who led the charge against the bailout last week, explained his change in position by saying that the House Republicans, “reinforced by John McCain,” have improved the bill “significantly” so it is “less bad” than the original proposal offered by Treasury Secretary Henry Paulson.

While saying that he sympathizes with any member of Congress who votes “no” Gingrich says in his statement that the crisis of the credit markets is real and could have “horrendous” consequences.

But hey Newt, thanks for stirring the pot this weekend and turning a lot of folks against this.

Moving on…


This entry was posted on Monday, September 29th, 2008 and is filed under Economy, Legislation, Republicans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Gingrich Supports Bailout Plan”

  1. Agnostick Says:

    You wonder why? Obviously, it would be because a bailout would benefit Newt in some way… some sort of financial benefit.

    Remember: We’re dealing with a first-class hypocrite here. Newt was against elected officials having sex with their interns–until he himself started having sex with his own intern, which he eventually made wife #3!

    No surprise here, really…

    The soup line begins here!

    Agnostick
    [email protected]

  2. Bailout » Blog Archive » Gingrich Supports Bailout Plan Says:

    [...] Former House Speaker Newt Gingrich reversed course on Monday, issuing a statement saying that if he were still in office he would “reluctantly and sadly” support the $700 billion Wall Street bailout bill. …[Continue Reading] [...]

Leave a Reply


NOTE TO COMMENTERS:


You must ALWAYS fill in the two word CAPTCHA below to submit a comment. And if this is your first time commenting on Donklephant, it will be held in a moderation queue for approval. Please don't resubmit the same comment a couple times. We'll get around to moderating it soon enough.


Also, sometimes even if you've commented before, it may still get placed in a moderation queue and/or sent to the spam folder. If it's just in moderation queue, it'll be published, but it may be deleted if it lands in the spam folder. My apologies if this happens but there are some keywords that push it into the spam folder.


One last note, we will not tolerate comments that disparage people based on age, sex, handicap, race, color, sexual orientation, national origin or ancestry. We reserve the right to delete these comments and ban the people who make them from ever commenting here again.


Thanks for understanding and have a pleasurable commenting experience.


Related Posts: