Paulson Disaster - Newt Gingrich

Paulson Disaster
One of the reasons that Solutions Day has taken on such importance for me is this: We are living through one of the most challenging periods in modern America.
I cannot remember any time in my lifetime when we have had such a combination of big challenges, bad policies, and bad political leaders.
After a summer of failing to solve our energy problems, failing to solve our economic growth problems, failing to get federal spending under control, failing to modernize the health system, we now have an absurd and dangerous proposal to give a former Chairman of Goldman-Sachs $700 billion of our tax money to bail out Wall Street.
Treasury Secretary Paulson had two years to get ahead of the financial problems and failed.
Fool Us Twice, Shame on Us
We were told this summer that when the terrible $300 billion-plus housing-bailout bill passed the Congress it would solve the problem.
It didn't.
President Bush signed a housing bill that gives $500 million a year to ACORN, a very leftwing political organization, because it was going to solve the problem.
It didn't.
Now we are told the next $700 billion spent by Secretary Paulson will solve everything.
It won't. - Newt Gingrich