Last night I watched the "Greta Van Susteren Show", where former house speaker Newt Gingrich was a featured guest. For the first time since this economic emergency arose. Newt Gingrich offered the first nuts and bolts plan that I've heard since this whole thing started. With my limited knowledge on these matters, it sounded pretty good to me. Unlike some politicians and other taxpayers I'm not pretending I've got this whole thing figured out. In spite of what those Obamaniacs tell you, and supporters of John McCain. Neither one of them really had a plan.
Newt Gingrich had a plan that doesn't require any more money or new legislation to make a difference. He suggested repealing the Sarbanes-Oxley bill and changing the country's "money to market" accounting principles. Eliminate the capital gains tax, and pass a strong energy bill. The first two which would essentially cut this whole bailout problem in half at least. If that doesn't work it will buy us time and won't cost anything. Obviously some other members of congress saw the interview as well. I heard the bill is closer to getting the desired number of votes. Now that some of those issues have been addressed.
Our local Democratic congressman couldn't wait to suggest it to local voters as his idea. After he ignored their wishes in regards to voting for the initial draft. http://www.commercialappeal.com/news/2008/sep/30/cohen-offers-solution-financial-crisis/ He comes back with this fluff. Barack Obama has been relatively quiet since the debate Friday night. We better watch him closely, he might try to vote present for fear of defending his position. John McCain has made a difference no matter how small. Had it not been for his involvement. The process would have moved even slower than it is now. The whole thing in a nutshell is we can't afford to do nothing. So let's deal with the cards on the table. Look at what Newt Gingrich had to say:
http://newt.org/tabid/102/articleType/ArticleView/articleId/3729/Default.aspx
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