{"id":3550,"date":"2010-12-06T01:23:55","date_gmt":"2010-12-06T09:23:55","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=3550"},"modified":"2010-12-06T01:23:55","modified_gmt":"2010-12-06T09:23:55","slug":"the-gingrinch-that-would-steal-christmas","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2010\/12\/06\/the-gingrinch-that-would-steal-christmas\/","title":{"rendered":"The Gingrinch That Would Steal Christmas"},"content":{"rendered":"

Few people have done more to harm our nation than Newt Gingrich.  Now he\u2019s going off the deep end by claiming that millionaires and billionaires should decide what their taxes should be and that the unemployed should receive only training to fill jobs that do not exist, unless the training is just how to say, \u201cDo you want fries with that?\u201d<\/font><\/p>\n

\"6Newtered\"<\/p>\n

\n

Appearing on Fox News Sunday, <\/font><\/font>disgraced<\/font><\/a><\/font> former House Speaker Newt Gingrich proposed an odd method for determining how long to extend the Bush tax cuts for the very wealthy \u2014 ask the very wealthy how long they want them:<\/font><\/font><\/p>\n

What Republicans ought to do is say to people who create jobs, how many years does the tax code need to be extended for you to make an investment decision?<\/font><\/strong><\/span> I mean, the goal\u2019s not to have an annual extension of the current tax code, and then have every business in the country trapped saying, \u201cI don\u2019t know.  I want to make a 20 year investment in a factory.\u201d \u2026 <\/font>There is a number, but I would have the business leadership of the country describe the number.<\/strong><\/font><\/span><\/font><\/p>\n

Yet, while Gingrich is perfectly happy to let the nation\u2019s foxes decide what to do with the henhouse, he takes a very different view of how Congress should treat the most vulnerable Americans. In practically the same breath that he proposes giving a <\/font><\/font>massive tax cut to Paris Hilton<\/font><\/a><\/font>, he also suggests that \u201cwe change the entire [unemployment benefits] program into a worker training program and not give anybody money for doing nothing.\u201d Watch it:<\/font><\/font><\/p>\n

 <\/param><\/param><\/param><\/embed><\/object><\/font><\/font><\/p>\n

Gingrich\u2019s proposal, to cut off unemployment benefits while giving a massive windfall to the most fortunate, is a recipe for skyrocketing unemployment.  The economy grows by <\/font><\/font>nearly two dollars<\/font><\/a> for every dollar spent on unemployment benefits \u201cbecause recipients typically spend all of their benefit payments quickly.\u201d The money \u201c<\/font>ripples through the economy<\/font><\/a><\/font> into supermarkets, gasoline stations, utilities, convenience stores.\u201d Flush with the revenue provided by these new consumers, those businesses are then able to hire additional workers and diminish the ranks of the unemployed.<\/font><\/font><\/p>\n

Tax cuts for the rich, on the other hand, are only marginally more useful than simply burning the money\u2026 [emphasis original<\/em>]<\/font><\/font><\/p>\n<\/blockquote>\n

Inserted from <Think Progress<\/a>><\/p>\n

If this is not class warfare, what is?  There will be no Merry Christmas for any but the uber-rich if the Gingrinch has his way.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

Few people have done more to harm our nation than Newt Gingrich.  Now he\u2019s going off the deep end by claiming that millionaires and billionaires should decide what their taxes should be and that the unemployed should receive only training to fill jobs that do not exist, unless the training is just how to say, […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3550","post","type-post","status-publish","format-standard","hentry","category-politics","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/3550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=3550"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/3550\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=3550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=3550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=3550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}