It's about accountability

pretending to have virtues

Posted: February 4th, 2012 | Author: | Filed under: Hypocrisy, Republican | Tags: , , | No Comments »

Where Is the Fourth Estate When You Need Them?

“Newt Gingrich has done this the best. He has claimed in debates and interviews that while serving as Speaker of the House, his leadership helped create 11 million new jobs, which ultimately led to the economic boom of the 1990s. He always leaves out one very important fact, however. The economic boom of the 90s would not have been possible without President Clinton. Clinton pushed for the passage of the 1993 Deficit Reduction Act, which proposed increasing taxes on the wealthiest income earners, cutting programs that weren’t working, taxing corporations at 35%, and extending the earned income tax credit. Gingrich vehemently opposed the bill and he and every one of his Republican colleagues voted against it. The deadlock was broken by then Vice President Al Gore and the bill was signed into law by President Clinton. Three years later, the economy was surging, and by the end of Clinton’s second term, when Gingrich was forced out of office by his own party, the Administration recorded a net budget surplus. It was the first time the US budget had been balanced since 1968. Given these historical facts, how does any pundit or media outlet allow Gingrich to get away with taking credit for something he worked so hard to destroy?’



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