Newt Gingrich Says Obama in Danger of Trapping America in a Decade of High Unemployment - Video 7/9/09
Here is video in two parts of former House Speaker Newt Gingrich tonight talking with Greta Van Susteren about the abject failure of the Democrats’ Stimulus policy. Gingrich explains with great clarity that President Obama and his team were so full of themselves (my way of saying it) that they thought they could do whatever they wanted. Gingrich believes the first stimulus was actually a huge Democrat payoff to state and local governments so they would not have to make hard decisions. So, in actuality, the $787 Billion Stimulus Package was no stimulus at all.
But now their approach is not working, and he feels they are dangerously close to trapping America in situation where we could face 8-11% unemployment for a decade. He also discusses Obama’s huge list of Czars, and the controversy over whether or not the CIA misled members of Congress in briefings.