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Is the700 billion dollar bailout really needed?
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[QUOTE]Originally posted by CashCowMoo: [QB] Gingrich: 'Final collapse of the Bush administration' Former House Speaker Newt Gingrich (R-Ga.) said the Wall Street bailout plan pushed by President Bush signaled the "final collapse" of the current administration. "The Bush administration has now provided three case studies in arrogance, isolation and destructiveness: Michael Brown during Hurricane Katrina, Ambassador Jerry Bremer in Baghdad and Secretary Henry Paulson at Treasury," Gingrich said. "It is a tragic and very expensive legacy. No conservative and no Republican should doubt how much it has hurt our cause and our party." The former Speaker reiterated his call for the resignation of Treasury Secretary Henry Paulson. "?As long as Secretary Paulson is in charge, it is impossible to get a creative or significantly better solution," Gingrich stated, adding that the Treasury chief was "an even greater obstacle to a good bill than the liberal Democrats who run the House and Senate." ####thehill.com/leading-the-news/gingrich-final-collapse-of-the-bush-administrat ion-2008-09-29.html [/QB][/QUOTE]
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