Gingrich is the kind of guy who everybody has known.
You put him in a closet while he works on his idea, and slide a pizza under the door now and then. But you never, EVER put him in front of customers.
In other words, he's really, really smart, but disconnected from reality.
Here's his "solution" to the liquidity crisis:
...suspend the mark-to-market rule
A very good idea. If it can be done administratively, do it!
Sure, Newt. How about tomorrow? Well--OK--how about September 30th?
...match our competitors in China and Singapore by going to a zero capital gains tax
Another great idea. Another non-starter.
...immediately pass an “all of the above” energy plan designed to bring home $500 billion of the $700 billion a year we are sending overseas.
Sure. Why not bundle that with #s 2 and 3 above. September 30th still OK with you?
All of these are fine and dandy. NONE of them will happen with Queen Nancy and Harry the Twit running Congress.
Thanks, Newt. Go get your pizza.
Realistic people will get the job done while you design the Perfect Society.
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