Tags: Barack Obama | Economic- Crisis | Editor's Pick | Gingrich | Obama | economy | socialism

Gingrich: Obama Won't Shun 'Bureaucratic Socialism'

By Hiram Reisner   |   Friday, 19 Aug 2011 04:21 AM

Former House Speaker Newt Gingrich says the lesson learned from President Barack Obama vacationing in Martha’s Vineyard while the economy continues to go under is the president has no sense of “urgency” when it comes to confronting the nation’s fiscal malaise. The presidential hopeful also told Fox News’ Sean Hannity Thursday Obama “can’t give up his fantasies of a bureaucratic socialism.”
“The president ought to be in Washington tonight with a brand new plan ideally based on free markets and free enterprise and things that work — and he ought to asking the Congress to come in Monday and pass that plan,” Gingrich said. “This country is in real serious trouble —and that’s why I think we need jobs now.

“We need a plan for jobs now — the president doesn’t have one — I would be glad to give him one,”  he said. “When I was speaker, we got unemployment down to 4.2 percent with the right kind of changes — tax cuts, deregulation, welfare reform — I think that the strategy is clear. You just have a president who can’t bring himself to give up his fantasies of a bureaucratic socialism and class warfare somehow leading us to a promised land — and it is turning out that promised land is unemployment and food stamps.”

Gingrich said Obama’s dilemma is that he is a left-wing intellectual whose academic principles can’t be translated to resolving the nation’s economic quagmire.

“Well, I think there’s missing a sense of urgency — but I think there’s also this enormous dilemma: If you are a left-wing intellectual — which is what Obama really is — you believe in a whole series of principles that don’t work,” Gingrich said. “And he’s been trying, you know, he’s been trying for two-and-a-half years now.

“And I saw one reference that a Democratic senator said the problem with the stimulus package was that it should be almost four times bigger— should be three trillion dollars. And I thought to myself: You know, there is somebody who has no ability to deal with reality, and no understanding of the real world,” he said. “But that’s the base of the modern left wing of the Democratic Party — it lives a fantasy life — and now the fantasies have come crashing to ground.”

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