An Alternative to Bush-Obama Big Spending

[bootiack]

newt would be awesome and has huge success record hek it was republcain congress did most of good and repubs should try to keep the congress more

[onstageagain]

Obama has no intentions of trimming anything but maybe a few shots off his golf game.

Since becoming Pres under his admin, in just 2yrs 2mos, $4.2 trillion has been added to our national debt! Whether its a $40,50, 60 Billion budget its a drop in the ocean. There is now the debt ceiling to be addressed which is like being bankrupt but not filing while you run up your credit card debt knowing you cant pay the bank back and asking for an increase. This is INSANE.

[SexJunkle]

People still fall for these neocon zionist retreads? Neocons are nothing more than warmongering moderate social democrats.

[TimeWarp66]

Newt really likes using the word "fundamental." But that's fine, it's a good work, and Newt is great and getting a point across.

[MysonbeWise]

See NWO Solution

[artillery77]

Capital doesn't have any boundaries anymore. This country was made from people who used their financial capital to build something, not put in a mutual fund and hope it magically grows. But I digress, give up the spending and we can cut all kinds of taxes...but you have to give up the spending.

[manicmetropolis]

cutting corporate taxes would do nothing because they already dont pay their taxes

[guywalker29]

We made two big mistakes. We went to war on a credit card thinking we'd get in there and out. Nobody in the history of the world has ever done it in that region. Alexander the Great held it for 25 years and that was it. They nearly brought down the British and by God the Soviets crumbled under the Afghan pressure. The other thing was out bad lending. And Newt, I'm sorry, this was you guys bad moves. We have to get out of that region, get back home and sure up our system of lending.

[pholland]

Banks won't lend because of a liquidity crisis triggered by subprime borrowers were took out mortgages they couldn't afford. This was largely due to a failed gov't policy that said everyone, regardless of income level, should be entitled to a home.

You're saying banks won't lend because we went into Iraq, yet Iraq in no way affects the balance sheets of banks. True, wars will drive up the deficit and interest rates years later, but they have nothing to do with the subprime meltdown.

[guywalker29]

I'm not being clear. The Two Punch: Banks got caught writing bad mortgages. Government needs to keep a better eye on that. There were politicians that thought everyone should own a home. Nice idea, not realistic. Similar to French breakdown before the revolution in that there was not proper considerations of the ramifications of those actions. 2. We went to war with a credit card against people who are better fighters. We went into our principle to do it spending cash to hang on.

[guywalker29]

I don't mean to say banks won't lend because of Iraq. Banks can't lend because they wrote bad loans, blocks of mortgages and then let their friends bet on whether they would fail or not.

At the same time the same people who allowed this to take place went to war without international support and without the funds. Those two factors in combination could be the beginning of the end for the United States. You have Bush and Newt and the Reaganites voo-doo economics ideals to blame for it.

[pholland]

No, there has been no misrepresentation. The recession was caused by a housing bubble. So what you must be saying is that Reagan's supply-side agenda caused the housing bubble to pop.

What I'm saying is I fail to see how allowing people to keep more of the money they earn, which is what Reagan's tax policy did for all income brackets, somehow fueled a housing bubble between 1999-2007.

[guywalker29]

What kind of practices in lending would improve the way the Untied States does business. We are going to lend, and isn't that the main complaint? Why do we help industry? Isn't lending simply the infancy of the problem? If someone doesn't have enough money to create something, then too bad, you are out of the game? No, we want to help, we need to help by lending and subsidizing. It's what has made this country grow along with investment and speculation. Folks, subprime=bad loans.

[pholland]

So you're saying that what got us into this mess was allowing people to keep to much of what they earn? That we're in a recession because people aren't smart enough to know how to spend their own money and government would have done a better job?

THAT'S not exactly a compelling argument.

[miggetymike1]

search for "stewart v. gingrich" and check out the first video that comes up.

[rugar458]

Newt for president. Get the commies out of our government.

[guywalker29]

Yeah, lets get back to the good old days when the little guy got a fair shake from the Republicans. Ohhhh brother. Lets see, that was when Lincoln was in office? Yeah, he freed the slaves and look what happened to them. GOOD TIMES

[harj2009]

@rugar458 newt nearly ruined america in 1990s hes the same neocon bulshit

[UFCaz]

How stupid do you have to be not to learn from your own mistakes?

isnt that what Reagan did, and put the country in borrow and spend.

How ridicules do have to be to believe this guy.

Those cockroaches applauding they expect to get tax cuts and get all the services too.

Like military, police, fire fighters and ambulance serves on time every time.

Fucking free loaders

[dpaul52]

From your language and poor understanding that Reagan created the greatest period of growth through Clinton years! You clearly do not have a grasp of the founding principles of this country and you have an emotional Liberal brainwashing.

[guywalker29]

Yes. For a period. Then, disaster. Again. Industry needs to be regulated or else they will take advantage. You want Ronnie Reagan's Rodeo Roundup with Joe The Plumber and Cindy McCain? You really think they are smart? That's right, they are not, they are just like you.

[pholland]

Of course industry must be regulated. The question is whether it should be regulated by eggheads who went to Harvard law and have never produced anything, or should it be regulated by the marketplace. If the market were actually free to regulate industry instead of our politicians, GM, Chrysler, and would have gone bankrupt years ago, there never would have been a housing bubble, and taxpayers would be far better off.

[guywalker29]

Are you saying that these eggheads are getting in the way of the consumer? Are you saying that the companies who build these goods were doomed a long time ago because they make lousy stuff even though they are not from Harvard? What is it that created their demise in your hypothetical? If they were so bad so many years ago, what was it that was so flawed? If the stuff the companies made was lousy, why did people buy? No college educated person held a gun at consumers.

[pholland]

They were flawed a long time ago because the gov't continued to subsidize them and prop them up when they should have been allowed to fail. True, no college educated person ever held a gun at consumers, but politicians have been holding guns at taxpayers for years now, forcing them to prop up GM and others. At the other end of the deal, they hold guns at the management and force them to only hire and pay union works quadruple what Toyota and Honda workers make across the border in Kentucky.

[guywalker29]

The auto industry is at the bottom of the list when it comes to subsidy. Rail, farming and the USPS for a large part are under government subsidy programs. We are off the gold standard and have been for some time. Government decides the value of the dollar. The United States works with the International Monetary Fund and the World Bank. This isn't a question of eggheads getting in the way of tangible tactile finance, this is a system built on credit that has failed because of bad lending.

[guywalker29]

You should ask yourself who decides the value of the dollar since we are off the gold standard because my statement that government does isn't entirely correct. You should read what happened in France before the Revolution because their system of credit broke down in a similar way that ours is. Landowners stopped taking tactile conditions on farms into account when projecting productivity without adjusting rates making bad weather years impossible for farmers to produce a profit. It's fat-cats.

[guywalker29]

So if you ignore any controls you end up like the French before the Revolution. The French learned they didn't take into account long periods of in-climate conditions on farms, much like our dust bowl here where banks took over farms without adjusting to conditions: part of the Great Depression. The auto industry is faced with a global system of parts buying. They are also victim of consumer whim. Call it controls or socialism, we have to take conditions into account, help industry from itself.

[WhenNYWasIrish]

Keep up the good work Newt. See you at the NYC tax day tea party this Wednesday!!

[lakerfan3118]

hey, it's the guy that accused the president of "infanticide" yesterday on fox...

[FreeAgain2]

Small Business is THE JOB ENGINE of America.

They take the risks, the move money to payroll faster than anyone, theygrow payroll faster then anyone, they are the most innovative, most flexible, smartest, and best solution for America, they built America and will do so again - once the GOV gets out of the way.

[6millionjobs]

Newt, check out how we can get 6 Million More Jobs for America by June 4, 2009 Watch my video... Thank you 100%

[rphallan]

Hey Newt that was hilarious. Since you can"t get job in Washington anymore maybe you can go to work for Red State Update.

[mbraase]

That's like saying to Bill Gates. Haha Bill, you can't get a job anymore.

Um, rphallan - Newt doesn't need a job. He's running AmericanSolutions. Maybe if you remove your head from your anal cavity, wipe the fecal matter from your eyes you would see this. What a dumbass

[mrsyatester]

Newt, thank you for continuing to speak out and give us hope that conservatism is not dead! We are grateful to have someone who makes so much sense representing our ideas! The liberal politicians are on the fast track to get everything they ever dreamed of, and it is choking the life out of this country. They are drunk on power, and conservatives need to help them sober up -- and fast! Thanks for rallying us to stay alert!

[StinkFingerr]

Newt, in 2012 !

[quuaa1]

The cap and trade system that people are trying to pass in the United States is projected to give a 3% drop in GDP of the United States will definitely not help the US economy. Also, John Stossel explored the idea of outsourcing jobs, and the companies that outsource create far more jobs in the United States than those who don't outsource at all. Tax cuts won't help anything - drastic reduction in the size of the US gov't will, the taxes would be badly needed to tackle the debt you guys have.

[SparklestheClown]

Bravo to the first tax cut idea too! Why are the Congressional leaders not understanding this? Why are they so misguided in this effort? It is frightening how many of the Representatives and Senators do not understand ffinance or national security! Worse - why do we leave in office people like Barney Frank who helped the downfall of Fannie/Freddie and got away with stealing the election by lieing - how many retirements did we lose from this fiasco alone, that could have been saved?

[mbraase]

As simple and smart these plans are, most liberals will be opposed to it because it was put forth by a conservative. These libs think that conservatives messed up the economy these last 8 years, not realizing that conservatives were not in power these last 8 years.

[eagleeye1975]

Acutally, they don't care who ruined the economy... liberals just hate all conservatives period and will knee-jerk away from anything a conservative says simply because they think we're always wrong. It's not HARD to be a liberal, just believe in the opposite of whatever an "old-fassioned fuddy-duddy conservative" thinks.

[WingsOfFreedom101]

Less Government!!!!! Thank You Newt!

[davidmesaaz]

the real joke is that we have the highest corporate tax rate but one of the lost rates of tax collection. Why because there are so many tax carve outs to corporations that support congressmen.

In the current stimulus bill there is a huge tax cuts for Hollywood Corporations. Democrats have a problem cut taxes for all corporations but not for ones that gave campaign contributions to them.

[whoo689]

The Irish corporate tax rate is only 12.5%?? Nice! I knew it was lowest worldwide, but I didn't think it was that low.