From
Newsmax.com by David A Patten - Former GOP House Speaker Newt Gingrich warned Thursday that President Obama and congressional Democrats appear to be on the verge of repeating the same mistakes that aggravated the Great Depression, adding that letting the Bush tax cuts expire would prove "very dangerous" for the nation's economy. "This was exactly the mistake made in 1937 and 1938, and it created a second mini-Depression. I think it's very dangerous, and I think the simple battle cry ought to be no tax increase in 2011, period. Keep current tax law exactly as it is through 2011," said Gingrich.
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Gingrich: Obama Repeating Mistakes From the Great Depression
From Newsmax.com by David A Patten - Former GOP House Speaker Newt Gingrich warned Thursday that President Obama and congressional Democrats appear to be on the verge of repeating the same mistakes that aggravated the Great Depression, adding that letting the Bush tax cuts expire would prove "very dangerous" for the nation's economy. "This was exactly the mistake made in 1937 and 1938, and it created a second mini-Depression. I think it's very dangerous, and I think the simple battle cry ought to be no tax increase in 2011, period. Keep current tax law exactly as it is through 2011," said Gingrich. Read more
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