Skip to comments.Gingrich Decries 'Backdoor Socialism'
Posted on 01/12/2012 4:31:45 PM PST by VinL
Gingrich returned to the stump Thursday with a heavy dose of populism and defended himself against charges of being anti-capitalist and anti-free enterprise.
"I think when you have crony capitalism of politicians taking care of their friends, that's not free enterprise, that's just backdoor socialism in which the rich get all the money and the rest of us get left, get left with all the debt," Gingrich told an audience of senior citizens gathered at the state fair grounds for a convention.
Gingrich said he's been "amazed" by the intensity of critics who he said are attacking him for questioning the bailout of big banks. He suggested the bailouts were tied to corruption at the Federal Reserve and the Treasury.
"American people have a right to know what has been happening to their economy, and they have a right to know where all the money went, they deserve an audit on the Federal Reserve, and the Treasury, to find out where the money went, to find out who got the money and why they got the money," said Gingrich to wide applause.
But it's not Mr. Gingrich's questions about bank bailouts that are raising eyebrows among prominent conservative voices, it's his questions about Mitt Romney's record at Bain Capital. And while Gingrich would later tell reporters he was referring specifically to the bailouts of AIG and Goldman Sachs when he criticized "back door socialism," the candidate made a point to tell seniors that it wasn't just financial institutions that need to be more transparent but also presidential candidates as well.
Read more: http://nation.foxnews.com/newt-gingrich/2012/01/12/gingrich-decries-backdoor-socialism#ixzz1jIBuTgEm
(Excerpt) Read more at nation.foxnews.com ...
Was it capitalism for the aforementioned to bailout banks in the face of 75% of Americans who said that capitalism commands that the banks should fail.
Capitalism when Bush spent more on government programs that any other president in history?
Capitalism when Fed gave free money to global conglomerates so that these institutions can play the carry trade- and make RISK FREE BILLIONS at the expense of Americans who tthen suffered inflation, higher energy costs, higher food costs, the devaluation of the dollar- and the ruination of the equity in their homes?
Capitalism when those same institutions, profiting from the free money, give unconscionable bonuses to their executives? What are you people defending?????
The Romneys/McCains/Bushs dont give a damn about you they dont care if you live under socialism, communism or a dictatorship as long as they are rich and in power. They chant Free Markets yeh, free for them!
What everyone should now understand is that we are being played by a Big Lie- propaganda that would have you believe that you have freedom and liberty and can live the American Dream under Republicans when in fact, we are nothing but slaves to the oligarchy that controls the country. And worse, those in the commentariat who we thought were on our side, are nothing more then tools of the Establishment at the ready to intimidate any who would rise up in protest.
None of them will tolerate a candidate who represents constitutional American Bush 1 was quoted as sayinng something like- if the people actually knew what we were doing, they would lynch us from the nearest tree. And so it is.
I admire what Newt is trying to do here- he's picking up the Palin/TeaParty message. Newt, an insider, is now a whistleblower. They HATE him- and for that very reason, I support him.
And, imo, Sarah should step in quickly- If not, all that she built will be for naught, now and in the future.
Newt, shut mouth before you make things even worse.
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You may be interested in this: it is what has me concerned about Romney.
No, you shut yours.
Yes well Newt and Perry are finding out what happens when you let sunlight hit VAMPIRES. All H breaks loose.
One should remember that the fictional Dickens character, Ebeneezer Scrooge, also operated wholly within the law.
Just because its legal does not mean its good.
The golden rule of Do unto others as you would have them do unto you seems to find little favor among some business people. It is replaced in their hearts by Business is Business!
Socialism is evil, capitalism is good. I firmly believe this.
not back door at all, they told us over 50 years ago what they were going to do and exactly how they were going to do it
Do you even understand what he is talking about, here:
“American people have a right to know what has been happening to their economy, and they have a right to know where all the money went, they deserve an audit on the Federal Reserve, and the Treasury, to find out where the money went, to find out who got the money and why they got the money,..”
Big banks, like Goldman Sachs, are stealing.
Taking $$$$$ from FM/FM is crony capitalism at its worst.
VinL, I agree with you. I admire Newt too for standing up and taking the hits. He is amazing when he stays on message like this. I know not everyone likes Newt though he has my respect since there is no one else trying to stop Romney/i.e. the same old system Bush/Rove legacy/allowing corruption to be protected. I wish he would sign a pledge for bringing up term limits and reforming the current tax code. I am praying for Newt.
More like looting and pillaging. And that’s a fact.
Newt keep talking about the issues. You can be direct, polite without being uptight or a girly man.
What kind of capitalism involves a failed GSE paying $1.6 million to hire a "historian."
This election is going to go down in history as a huge missed opportunity. We might as well plan for another $7 billion added to the debt.
Please, nobody tell Obama what comes after a "trillion."
Interesting how we see how many closet Romney supporters were waiting in the shadows onthe Board. Reminds me how the GOP operatives came outof the wooodwrok to saboutage Miller, O’Donnell and Angle.
Newt admitted on tape yesterday that this gambit of attacking Mittens was ill advised, then ten minutes later, says he said no such thing. It appears that even Newt is upset with the way he is on a bizarre, anti Capitalism tear. It just depends on what time of day you ask him.
SOMEONE has to take it to them. This country cannot survive doing business as usual. The truth is ucking fugly. Better face it. Our treasury has been looted. There is nothing left. Nothing.
Wrong. Newt has been staying very on point about this.
I am shocked but not surprised that the Repubs in congress had so little to say about this.
We have stimulus and bail-out moneys gone who-knows-where, and we have the Fed sending trillions to bail out Euro banks and no one aside from Paul and Beck have had much to say about it.
Fannie Mae collapsed with its inner circle pocketing multimillion dollar bonuses and again, no one in congress has had much to say about it.
Trillions have been flushed away. No one went to jail, in fact no one said boo.
So, thank you Newt. Late to the party, but better late than not at all.
Taking $$$$$ from FM/FM is crony capitalism at its worst.
No, that is not right. He was paid as an adviser. Those books are open to review. Mitt’s book records are in secret. Mitt bought up some companies and and as soon as the stocks increase, he dumps them, making tons of profits..looks fishy. Big difference. When it is ok to not ask questions, about a candidate’s business practices.
I read once a while back that no one had actually seen the gold in fort knox in decades.
US taxpayers gave Newt $1.6 million, to act as “historian” consultant, to justify Fannie and liar loans, and he criticizes anybody else, grabbing money at the government feeding trough?
He’s merely one of them.
What kind of capitalism involves a failed GSE paying $1.6 million to hire a “historian.”
Respectfully, how does that in any way negate that the Republican Party,— stereotyped as the party of the rich— now are promoting a man who is worth a 1/4 billion dollars in the midst of a Depression. If there is a quintessential country club Establishment Republican- it’s Romney——
it’s either idiocy, audacity, or throwing the election-— maybe all.
He isn’t on an anti-Capitalism tear, he’s on a quest for the truth. If you don’t know or are unaware, I am opposed to crony capitalism (government+corporations) which I consider to be fascist.
“[Romney]s not being attacked for being a capitalist, but for being untruthful. Romney tried to pretend that his business experience was somewhat like his fathers (head of GM), but he was actually not in a productive industry but in a speculative area of the financial industry that profited off of dying companies or even off of killing other companies. This may have its purpose (within reason), but Romney has to be honest about it and defend it.”
“Hes especially got to explain that inconvenient part about the bailout (which is the same kind of crony capitalism that Obamas crowd has engaged in).”
Nice Romney lie there Rombot, Newt actually made 30 thousand a year from them.
But try again :)
There was this incredible incredible interview with him live on Fox & Friends this a.m. The 3 were sitting on the couch and they started with their usual friendly first question, and then went for the jugular - and for at least 4 or 5 minutes, Newt just kept talking over them. I dont mean a few words, I dont mean a few sentences, I mean in 30-seconds bits at a time. He just kept talking making his points and they kept trying to interrupt him, he kept talking, they got silent for a few seconds, then one of them tried to interrupt him again and Newt just kept talking like they werent even there! And while he was talking they kept glancing at each other their body language spoke they were ready to leap off the couch and Newt just kept talking and talking and talking. It was one of the most amazing things I have ever seen. He was just a human bulldozer and he WOULD NOT SHUT UP. No matter what they did. And on the following program someone said, whew Ive never seen a filibuster like that before Try to think of anybody, anybody in the republican party doing that they might for 10 seconds, maybe one time, but over and over and over again This is the fighter we need. This is the fighter who can save America.
Newt is actually offering a rational alternative to Ron Paul with this. It is times that we are living in that brings a groundswell of populism, because we truly are in this mess together and we truly need Newt’s brand of conservative reform to face off against Obama. This is the truly vital discussion. We know that the establishment Republicans, such as the ones left running the congress when Newt left in ‘99, together with an establishment president (W’s domestic policies) just ran us into the ground. All what was left was Pelosi, Reid and Obama to build the landfill on top! Some of the worst abuses of the public interest came to us in W’s last couple of years.
Sarah Palin was right that we should not simply disregard Ron Paul and his supporters. If anything we should embrace the sane aspects of his domestic policies and reclaim them for conservatism. The elitists will see us out all in the name of capitalism. It is times such as these that remind us that the constitution is for all of us, not just the establishment moderates and liberals.
It's really much worse than Romney.
We love ya' Newt.
It appears that even Newt is upset with the way he is on a bizarre, anti Capitalism tear. It just depends on what time of day you ask him.
And Laz, where is your guy? Rick, says let’s not attack Romney. Where’s that going to get Santurom when he’s 15 points behind in the polls? Well, maybe the VP if he genuflects with obediently and with sincerity.
Yep, that is the fighter that will talk over the heads of the MSM Royalty to the voters!
Newt is finished, done, over and so is Rick Perry. One by one, all the promising conservative candidates have shot themselves in the foot and have made themselves undesirable and unelectable. Romney is the last man standing. But he is just another RINO, a McCain Jr., and I doubt he is even willing to take on Obama or bring real change to Washington. Obama has screwed up so bad, this election was for GOP to lose, it offered best hope for conservative to take the WH. But so far, it has been so sad, I hope some miracle happens.
His climate change rhetoric from a year or so ago makes me shudder.
Dude, THAT is an interesting question. Who can explain?
We both pray for him, CATB. _:)
It does not negate it. Both Romney and Gingrich lost any chance at my support long ago. Yes, the Party is pushing Romney. But they have no track record for being interested in what is good for America in a fair piece. Then again, having all the Newt cult sound like Paulbots does not help their candidate either. If you have any reservations about Newt, you MUST be for Romney in their book.
Uh, Newtie is not a Conservative. Bummer, but true.
Newt really needs to move on from this, especially given his dealings with Freddie Mac.
Wish I had seen that, it must have been amazing to watch the stunned hosts. I don’t watch fox any longer.
I saw that too. He dominated that little exchange with Bolling. It was memorable for sure. Newt is the man.
So says the pot-bellied socialist who pocketed millions from Fannie/Freddie.
I hope he keeps it up though, as he is forever damaging Romneycare.
And in the end, it will leave Santorum as the only viable conservative.
Isn't that the goal?
You are putting me in the unenviable position of defending Mitt Romney, but this whole line of attack by Newt and Perry is just silly.
He is more than an historian. Newt advised them not to do the bail outs. He says that he was paid much lower amount than what Romney claims in the ads. I rather support Newt than Romney and his fishy business practices. It worries me more of how Mitt knew when to dump those companies/crush the jobs and walk away with millions then do it again and again. Sorry, don’t trust him on that and on his flip flopping ways.
I don’t either, unless I get a heads-up from someone that Newt is going to be on... He is on Hannity tonight... 9 pm eastern...
IIRC we are only talking about FMac and they were technically privately held at the time.
Regardless it’s apples and bowling balls compared to Romney.
ROTFLMAO! GO NEWT!
Newtie will disappoint you (again).
Krauthammer just pointed out Bain is dinging Romney good in a Red state like S Carolina he will have real problems in a general.