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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…

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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:
    September 29th, 2008 at 4:39 pm

    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:
    September 29th, 2008 at 8:01 pm

    [...] 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] [...]

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