Newt: Obama Has “Already Failed” On the Economy
June 9th, 2009, 12:02 PM EDT
Newt Gingrich, at a GOP fundraiser, says Obama’s plan to fix the economy has “already failed.” It reminds me of how Republicans used to accuse Democrats of “talking down the economy” when the GOP was in power, only to do the same thing, even at the beginning of the Obama administration.
But according to former Bush Press Secretary Ari Fleischer, Gingrich may be a “fabulous dinner speaker, full of ideas and entertainment,” but will not be the Republican nominee in 2012. Fleischer also has backed off some of his earlier praise of Sarah Palin.
Ari is a well spoken likeable guy, usually.
No exception here.
Interesting on the Palin front, he admits to being taken with her at first, and now realizing……
GuidoVanHorn Reply:
June 10th, 2009 at 2:01 am
When they announced Palin, I thought it was an exciting choice on the surface…after about a week I started thinking, maybe not the greatest…by the time the election rolled around, I coulnd’t vote McCain, I couldn’t vote Obama either but for different reasons so I protest voted for Barr.
June 9th, 2009 at 12:14 pm
Don’t worry, Bush got blamed during his first year as well. But, lets not say too many bad things about our $2.2T debt or 1.5 million job loss, it might cause Obama to loose his “GOD” like features.
June 9th, 2009 at 12:25 pm
Gingrich didn’t talk down the economy. He simply said Obama’s recovery policies have failed.
I agree with him.
TDro319 Reply:
June 9th, 2009 at 1:46 pm
Wow. And you can tell this from him being in office for only 5 months? You must have a crystal ball or something. Do you read tarot cards?
Daddio Reply:
June 9th, 2009 at 3:41 pm
Obama has failed our children and grandchildren TDro. He, with the help of the Dems in Congress have put this country in such a big hole with his debt he is creating that our future generations will have to pay enormous taxes JUST TO PAY THE INTEREST on all his deficit spending. That is where his policies are really failing. He fails to take into account WHO is going to have to pay for all this.
His policies of taking over the banks and the auto industry has brought praises from none other than Hugo Chavez. He has said that Obama is actually further to the left than he is. That should really make any red blooded American stand up and take notice.
Um Cara Reply:
June 9th, 2009 at 3:45 pm
His policies of taking over the banks and the auto industry has brought praises from none other than Hugo Chavez. He has said that Obama is actually further to the left than he is. That should really make any red blooded American stand up and take notice.
No thanks. I choose not to be manipulated by Hugo Chavez, but you go right ahead if that’s what rocks yer boat.
Southern Girl Lib Reply:
June 9th, 2009 at 3:46 pm
And he started with a blank slate, right? Bush??? St. Ronnie????
steve Reply:
June 9th, 2009 at 3:51 pm
Daddio
Obama took over this country in a deep cravess. In a hole is a understatement of conservative lack of understanding of the economy.
If the current failed to used money to tackle the problem ,our nation would be in a bigger craevess that our childern and grandchildern have to pay.
My biggest ? and concern,what answers and insight has the GOP has given us to get our nation out of the current state of economy madness. The only message i hear is NO and i hope this president fails and alot of other insanity like Hannity.
steve Reply:
June 9th, 2009 at 2:42 pm
I don,t think his polices have failed. The economy is showing signs of improvement. More actions form Obama and company must be done as well.
Mr. Fleischer,s comment where well warrent towards Newt and Palin as well. No direction,no plans of actions and comments form the NO factions of the GOP.
Daddio Reply:
June 9th, 2009 at 3:44 pm
I believe Steve, that the economy is showing signs of improvement but only for a short time. I cannot see how spending almost 2 TRILLION in only his first four and a half months is nothing but a hugh train wreck waiting to happen. His borrowing spree is going to come due some day. How are we going to pay for it?
steve Reply:
June 9th, 2009 at 4:01 pm
Doing nothing Daddio is a bigger train wreck more like a nuke going off.
Our nation can not go back and used the insight of Bush regarding the economy. The economy is showing a upward tick. However more needs to be done.
Letting the markets run free with no regulation is not the answer. Deregulation got our nation in this present mess.
Greenspan,the banks,jobs leaving the country,off shore accounts and maxed out interest rates are not the answer as well.
If some1 from the GOP comes up with a better answer instead of NO and crazy remarks will get my attention. Right now,they have no anserw,but to go back to the past.
Daddio Reply:
June 9th, 2009 at 4:11 pm
You forgot the biggest culprit in our failed economy Steve, and that would be government.
But doing nothing was never tried. Our governments knee jerk reaction to the economy was to spend trillions upon trillions of dollars with absolutely no idea how it would affect the immediate as well as our future economy.
We are in for a very rough ride in the future. We will eventually have hyper-inflation from the government just printing money to come up with the trillions they cannot borrow.
The interest alone on Obama’s borrowing , in ten years with and estimated 10 Trillion dollar debt, will be $800,000,000,000 (that’s billions) a year. How are we going to pay for that? No one here wants to tackle that question. I will. The taxes on our children and grandchildren will be enormous. Obama and Bush have mortgaged their future for a plan that neither one has a clue will work.
OldLefty Reply:
June 9th, 2009 at 4:21 pm
And here all along, I thought the culprit was unregulated Wall Street, as when Alan Greenspan testified that he was shocked, SHOCKED, I tell you, that wall street didn’t regulate itself, and gave rise to the same debacle as the Great depression.
steve Reply:
June 9th, 2009 at 4:26 pm
How would address the problem and what you want to hear from our law makers ?
National healthcare would save us billions. I only hear NO from opposing law makers. At the sametime,is goverment for the people by the people ? Where would we be without the goverment ?
Letting the private sector run everything is insanity because of greed. Goverment is not againist me,it,s the greed of big business and the law makers that support them.
Corperate welfare,deregulation,off shore accounts,out sourcing of American jobs. The main problem of going to war in Iraq on lies that is costing our nation in billions as well.
In my eyes,alot of GOP law makers want the goverment to work againist the people and not for the people and to get their wallets and purses loaded up as well.
GuidoVanHorn Reply:
June 10th, 2009 at 2:08 am
Letting the private sector run everything is insanity because of greed.
—
Greed knows no limitations. Govt. running the thing will not eliminate Greed. Graft and corruption will be ever present in a govt. controlled system.
Putting restraints on private industry is my preferred method. Wall St. has created more wealth per person than any govt. program ever could. It was failing to set/keep proper guidelines and restraints that caused it to become destructive.
The uptick rule never should have been abandoned, Glass-Steagal never should have been replealed, Sarbanes-Oxley should have been drafted differently. etc….
EricG Reply:
June 9th, 2009 at 4:54 pm
Obama’s policy of recovery is the only thing that has worked in terms of economic recovery in this recession.
AS usual, Newt is just another partisan trying to destroy all of intelligent discussion on politics and turn everything into a barking of lies and spin.
Obama has got to be the most trashed on president in my life.
These Republican Partisans should try again.
Try to be Americans and try to be worth a cent to your nation.
The fact is we don’t yet know how effective these economic recovery measure taken by BUSH and Obama will be.
Moronic Conservatives want results NOW and can’t act like anything but children about the whole matter.
fact remains that the War on Terror has spent the money we could have used to fix this economy. Bush spent it.
I am so sick of jerk-wad Republicans who think they are anything piece of trash Americans while they bash their president and pretend that Bush never came in to destroy the economy, let the nation be attacked by terrorists and finally start two wars that spent us dry before we could even hit the recession.
Republicans should be removed from all media and all government positions. I am sick of their lies.
June 9th, 2009 at 12:43 pm
If there’s anyone who knows about failure, it’s a philandering gasbag like Newt. Keep flappin those fat jaws Newt. You too little dick. I think Newt and dick would serve this country well if they continue to remind the electorate that they are the face of the repubican party.
June 9th, 2009 at 12:53 pm
And you can tell this from him being in office for only 5 months?
Yes.
TDro319 Reply:
June 9th, 2009 at 2:52 pm
Well we know YOU can, Pino. You already pegged him as a loser the minute he announced his candidacy for the POTUS. I wonder why (that’s a rhetorical question. I already know why).
June 9th, 2009 at 2:11 pm
“If there’s anyone who knows about failure, it’s a philandering gasbag like Newt.”
Oh right, the philandering gasbag who serves divorce papers on his wife who’s dying of cancer. And could you imagine anyone better suited to represent the morals and standards of the republikkkan party? Probably not.
Great dinner speaker. Nice radio show guest. The next president? Not so much.
June 9th, 2009 at 2:13 pm
the philandering gasbag who serves divorce papers on his wife who’s dying of cancer.
Being ishy doesn’t make him wrong. Ad hominum attacks are fun, but not very useful.
June 9th, 2009 at 2:21 pm
“Ad hominum attacks are fun, but not very useful.”
Ya, I’ll quote you next time you use one.
And in the other poll of the day, “One-third of Republicans now say they have an unfavorable opinion of their party.”
As for the democrats, “Just 4% have an unfavorable view of their party.”
EricG Reply:
June 9th, 2009 at 4:58 pm
Oh nice! I like that poll.
Maybe they will leave the party like a real American would do.
I hope so.
Most people seem to think that being a Republican is some kind of life-long choice when it’s just a check mark in a box somewhere. Doesn’t mean anything much unless you want it to.
Political parties are supposed to be thrown aside when they don’t suit your ideals anymore.
But Republicans think being loyal to your political party over your country is ‘patriotism.’
Real patriots leave their party when their party leaves them.
average james Reply:
June 9th, 2009 at 5:29 pm
Good points Eric.
Patriotism as redefined by Republicans, no thanks.
June 9th, 2009 at 2:31 pm
Ya, I’ll quote you next time you use one.
I’ll save ya the time; Rocky is not very smart.
“One-third of Republicans now say they have an unfavorable opinion of their party.”
That’s probably right; and not surprising. When a party begins to cycle through a down phase, that party loses much of what was once it’s base. And it reinvents itself. I suspect the same will happen with the Repubs.
By the way, I am conservative, not Republican.
steve Reply:
June 9th, 2009 at 2:55 pm
PINO
I find myself with agreement with you. The samething happen to democrats as well in the 70,s and 80,s before the party was back on par again.
Watching C-SPAN,alot of people are saying they are independents and the polls support that as well.
The current state of the GOP,is a battle between hardline conservatives and moderates. For the GOP to regain power,independents must be address and in my opinion and i have said it before,the country is in the middle or center. A little to the right and a little to the left.
That most Americans have liberal and conservative insight on how this nation should be run and running to hard right is not the answer and the left as well.
EricG Reply:
June 9th, 2009 at 5:01 pm
Funny how after a disgraced Republican president leaves office it becomes impossible to get anyone to call themselves a Republican.
I dunno about you, Pino.
Maybe you were always a conservative and never a Republican but I tell you now that most people who used to be ‘proud’ Republicans all of a sudden seem to have jumped ship.
I have heard more ‘I’m not a Republican’ on boards and threads than ever before since the market crash.
I think they know, deep down, that they caused this recession and gave us the worst president of the modern age … but saying such things out loud is just too painful.
average james Reply:
June 9th, 2009 at 5:31 pm
I noticed the same thing.
Alot fewer Republicans these days.
A hell of a lot of nay sayers though.
June 9th, 2009 at 2:40 pm
The current state of the GOP,is a battle between hardline conservatives and moderates.
This is true. I find myself in that battle as we speak. Someone suggested I go to Hannity-I don’t post there but I do at other Con sites and I get blasted for being liberal! Haha.
Anyway, the problem with the extreme right isn’t their beliefs. I am for maximum personal Liberty. Believe what you wanna believe; just let other be as free. And the hard line right makes no room for them in the Repub party. Imagine the power of the Conservative movement if they were to stand up and speak about Liberty, just in the context of allowing gay marriage. It would be a watershed moment. The moderate voice is close to emerging.
Much more of the current admin’s hard fistedness will only do more to bring it out.
June 9th, 2009 at 3:15 pm
I see what you mean. I was out of sink in the 80,s because of the extreme liberal base of the DNC.
I found myself at odds with the party because of their standings with the military and at odds with Reagan as well.
The democrats stunk it up on foreign policy doing those times,but i like the message on nation wide issues. At the sametime,Reagan was great at foreign policy,but lousy on national issues.
June 9th, 2009 at 3:42 pm
And he started with a blank slate, right? Bush???
No, Bush was bad too. I choose not to be manipulated by Pres Bush, but you go right ahead if that’s what rocks yer boat.
It’s also true that very little, if any, of Obama’s stimulus package has been spent yet. Yet, the economy is recovering. There is no further need to spend more. In fact, by the useless spending he has already embarked don, we are in trouble for a very very long time.
For illustration, look at the mauling the Liberal Left took this week in Europe.
EricG Reply:
June 9th, 2009 at 5:11 pm
“here is no further need to spend more.”
You base this on what, exactly?
I think we have about the same qualifications to determine this. And I say your wrong.
We will need to spend some more before this is over.
How much? I don’t know that.
But we are not done, the president has said as much as well.
What I question is if Americans who think like yourself can be honest brokers or if they will start screaming at the chief because they are nervous about the spending and no other reason.
The fact remains that if this stimulus works we won’t need to worry half as much as everyone on the right seems to think we do.
We can pay this all off. It’ll take some time and doing but if this economy fails entirely (I believe it would have if we listened to conservatives) then I have nothing to hand to my children, nothing!
People rattle off in my ear about my kids kids paying off this debt. I telling you now if the market can just pick back up and we can get people back to work we will not be facing such dire situations. It’s in the works.
But partisans like Newt have to cut Obama off at the knees and spit in his face instead of be American for once in his life.
I think much the same all conservative pundits. You name ‘em … I think they are backwards on the issue of the Obama presidency.
“For illustration, look at the mauling the Liberal Left took this week in Europe.”
I don’t do people’s research for them. If your too stupid to look things up yourself then you shouldn’t be presenting facts in the first place …
Look up Ireland’s recent economic failures and what exactly happened over there.
The long and short is that right wing / conservative / free market policies destroyed that country’s economy.
Like they always do.
steve Reply:
June 9th, 2009 at 5:40 pm
Amen EricG and your insight was very well spoken.
June 9th, 2009 at 3:57 pm
I thought the culprit was unregulated Wall Street,
And still you would be wrong.
Te culprit was government; Repub and Dem. But government all the same.
EricG Reply:
June 9th, 2009 at 4:47 pm
No, you should really check yourself before saying something like that.
The culprit was these ‘bad assets’ in the banks.
The deregulation and government failings in oversight helped the crisis become a disaster but you’re buying into right wing lies if you think the recession can be traced to Washington and not Wall St.
Clinton, Bush I and Bush II all helped to give us this recession and the policy of market deregulation
under conservative ideology is the most obvious cause of the recession one can find.
Are conservatives going to admit the TRUTH today?
Stop lying, your making the nation that bore you forth sick of hearing your lies.
We all need to take responsibility and we will remove Republicans and the conservatives from all power if you they prove they will destroy the economy again and again if put in power.
We the American People need not tolerate a useless administration nor a useless political party.
RDM Reply:
June 9th, 2009 at 9:07 pm
EG,
People don’t cause a Recession…Government does!
Your buddies Fannie Mae & Freddie Mac were a big part of it, and still are.
You continue to make stuff up as you go along.
Our government waste money every day. Two weeks ago they mailed out 8,000 to 10,000 checks to dead people. They said if the $timulu$ wasn’t passed immediately that unemployement could reach 9%. Well… it’s 9.4% and growing monthly.
You said; ” We the American People need not tolerate a useless administration nor a useless political party”.
I agree,I won’t either!
average james Reply:
June 9th, 2009 at 9:16 pm
Greed is what caused this.
Greed on the part of congress and presidents
Greed on the part of banks
Greed on the part of Wall street
Greed on the part of Main street……
michael Reply:
June 9th, 2009 at 9:19 pm
James,
Political issues usually aren’t nearly that simple, but I think that you hit the nail right on the head. Greed is at the core of our economic problems, and it would be foolhardy to question that.
OldLefty Reply:
June 9th, 2009 at 9:30 pm
michael,
In my town, we had a talk show host who was from Greenbay.
She was also an animal lover. Once she read a story from the NYT about a Chinese man who had bear kept in a cage for years and he would extract some hormone? from the bear in a very painful way until one day the bear had enough and attacked him.
Our radio host said, “I hate to say it, but after all those years of abuse, I have to side with the bear.”
Later, a caller called in and said, “I’m shocked to hear that the girl from Greenbay is rooting for the Bears!”
michael Reply:
June 9th, 2009 at 9:34 pm
hahaha, you get all kinds of nuts to call radio shows, Alan can vouch for that!
Just for the record, I don’t live in Green Bay and I’ve never even been there. I’ve just been a Packers fan since I was 6. I’m from Pennsylvania.
OldLefty Reply:
June 9th, 2009 at 9:37 pm
That’s interesting, because myself, and my talk show host reside in Pa also, and she actually went home to Greenbay for a few Packers/Steelers games.
I guess for her, it was a win-win.
michael Reply:
June 9th, 2009 at 9:47 pm
She’s very lucky. It’s damn near impossible to go to a Packers game at Lambeau, with their legendary 40+ year season ticket waiting list. She had to have known somebody who had season tickets and let her use them, or maybe she payed to use them (more likely)
OldLefty Reply:
June 9th, 2009 at 10:15 pm
She and her family are shareholders, from back when the fans bought the team.
June 9th, 2009 at 4:24 pm
Of course Newt isn’t running. Are you analyzing politics with a few shots of vodka in your belly, Mr. Fleischer?
Mr. “I Don’t Know How to Be Bipartisan” Gingrich is official ‘big guns’ over at GOP Central … they wouldn’t run him until they have an open ticket.
Who will run?
At this rate it looks like they are going to run the guy who shot Dr. Tiller.
I dunno.
But they are not running Newt. I could have told you as much from my armchair politics position.
average james Reply:
June 9th, 2009 at 5:34 pm
Maybe they should run Ari.
average james Reply:
June 9th, 2009 at 5:36 pm
Colin Powell.
Ari as vice.
What doya think of that ???
June 9th, 2009 at 4:41 pm
True to a degree PINO. The big lie and fuzz is every president does not start off with a blank slate.
Bush started off with a surplus. 8 years later our nation went into a cravess of unseen deepness.
To stablize the economy you must throw money at the problem to fix it to give the private sector a jump start to recovery and a smooth path with reasonable regulation to get our market back to the start.
FDR stablelize the market after Hoover led the economy to a crash and our nations worst crash of 1929. That was caused by deregulation of the banks and markets.
Yes,dems and repubs are to blame like the Gramnn led bill to reverse regulations on the banks that FDR had implaced that Clinton sign in 1999. Look what happen under Bush that was alot more friendly towards banks and big business than Clinton.
The only president that took office with a clean slate was Washington.
June 9th, 2009 at 4:42 pm
The deregulation and government failings in oversight
There is a whole industry based on making loans to people according to risk. The riskier the person, the higher the rate, or, at the other end, no loan. Greedy banks do not enter into agreements with broke unemployed liars to make money.
See, they enter into loan agreements with broke unemployed liars because the government mandated them to. Or, you could call it regulated them to. See they had to have a certain proportion of loans sold to low income folk cause it’s not “fair” that people who don’t work hard, save responsibly, go to school, defer tomorrow’s enjoyment for today can’t afford a home.
steve Reply:
June 9th, 2009 at 5:17 pm
Some of both worlds,but the banking issue is not Fanny and Freaddie,but the overall banking system. The bill sign by Clinton and led by Sen Gramnn sent the banks into a tailspin and the GOP leadership allowing corperate welfare for the rich.
For the goverment against the people for the sake of business.
June 9th, 2009 at 4:52 pm
Bush started off with a surplus.
There are two separate concepts:
1. The deficit
2. Balanced budget
Bush did not inherit a surplus. He inherited a debt, like all Presidents have since near the beginning.
steve Reply:
June 9th, 2009 at 7:09 pm
Come on PINO,we all know Bush had a surplus Debt,yes and close to balanced budget and the economy was going forward,but Bush tank the economy. Tank the economy even more on a war based on lies and today 2 of the big 3 auto makers are bankrupt. Banks ran amok along with wall jive street and you are singing,keep the economy the same and say NO like all of conservatives that have no vision.
goliath43 Reply:
June 10th, 2009 at 1:03 am
I get so tired of Blame bush for this blame him for that. The war started on lies is so lame it doesn’t justify a comment. Banks ran amock because of deregulation and that was on Billy’s watch.
Take your own survey while you are out driving around in your car take a look at how many big 3 cars are on the road compared to how many foreign cars are on the road. The big 3 were stangled by government standards and the UAW and a shrinking market share. The outcome is very predictable.
June 9th, 2009 at 6:14 pm
Why do we care what Newt thinks after he embarrassed himself calling Sotomayor racist and then apologizing for it. Idiots like that don’t make good presendential candidates.
crh3e Reply:
June 9th, 2009 at 6:46 pm
oops presidential candidates….
June 9th, 2009 at 6:44 pm
Come on PINO,we all know Bush had a surplus Debt
Nope. Bush inherited debt. He also inherited a “balanced budget”, but that came with debt.
Try to search debt by Presidents and see.
June 9th, 2009 at 11:21 pm
It was on Jan-21-2009 that Rush, Newt, Hannity,Fox news
et al wanted Obama’s policies to fail.People that’s 24hrs post-inauguration.
I predict that those guys will have nothing to
argue about the same time next year. They will have to
go back to Rev. Wright and Ayers.
June 9th, 2009 at 11:28 pm
[...] Newt: Obama Has “Already Failed” On the Economy (alan.com) [...]
June 10th, 2009 at 6:51 am