Newt Gingrich should be investigated for his intentional and collusive role in the September 18, 2008 Collapse of the U.S. Economy by way of his application of Supply Side Trickle Down Economics and Borrow and Spend Governance during and after the Reagan Administration.

Newt going away would be a great service to humanity.

We’re in a Civil War. We’ve been in a Civil War since the end of the Civil War. The difference is it’s fought at the ballot box (or rather, electronic touch screen paperless no receipt box) rather than the battlefield. With the exception of slavery, the platform of the Republican Party is indistinguishable from that of the Confederacy. And if you substitute corporate economic slavery for shackles and chains slavery there’s no difference at all. States rights racists favoring an autocratic plutocracy. Gingrich is just the latest incarnation of Jefferson Davis.

Excellent post, MarthaA. I fully believe in a very high rate of taxation on incomes over $250,000. By lowering the tax rates we have created a class of people who are extremely right-wing and feel they are entitled to everything at the public’s expense. Apparently huge numbers of Americans believe that if taxation is low, they, too, will join this class (see the percentage of high-school students who think their annual incomes will be $250,000 or more), which would be very funny if it weren’t so tragic.

Most people have no disposable income, but the wealthiest have a great deal of disposable income, which they use to further increase their share of the national wealth, which centralizes the wealth in the hands of the richest Americans. By all metrics the wealth of the nation has become more and more centralized in the hands of the richest Americans over the last 30 years, beginning with the Reagan reduction of top income tax rates.

Newt Gingrich did his tax reduction part to run the deficit up and it is easy to see by looking at the records as he was in the U.S. Congress in one place or the other from Jan. 3, 1979 until Jan. 3, 1999, a total of 20 years damaging and setting the way for later Conservative EXTREMISTS administrations to do damage to the economy.

“The top marginal tax rate was reduced to 58% in 1922, to 25% in 1925, and finally to 24% in 1929. In 1932 the top marginal tax rate was increased to 63% during the Great Depression and steadily increased, reaching 94% (on all income over $200,000) in 1945.  During World War II, Congress introduced payroll withholding and quarterly tax payments. Top marginal tax rates stayed near or above 90% until 1964 when the top marginal tax rate was lowered to 70%. The top marginal tax rate was again lowered to 50% in 1982 and eventually to 28% in 1988. However, in the intervening years Congress subsequently increased the top marginal tax rate to 35% (the top marginal tax rate as of 2007).  These numbers from history clearly show that reduced top marginal tax rates preceded depression and recession.

Conservative Right-Wing Republican EXTREMIST Newt Gingrich is undoubtedly one of the Republican EXTREMISTS that live in a dream world where “greed is good” and he doesn’t want to have to pay taxes, as only little people pay taxes and he doesn’t consider himself a little person. As far as Gingrich is concerned there are no corrupt Wall Street executives, everything would be fine if it weren’t for the greedy and selfish working people, the “great unwashed”, mean, vile, and vulgar “little people,” “lazy liberals, criminals and communists” as little people are the root of all evil, especially those welfare mothers of dependent children, as there won’t be enough for corporate welfare bonuses if social welfare is allowed, so Gingrich shuts social welfare down.

The best that can be said of Newt Gingrich, one of the beginning
Republican Conservative Revolution leaders, is that he is a self serving chauvinist, as are all Conservative EXTREMISTS.

http://en.wikipedia.org/wiki/Newt_Gingrich

http://en.wikipedia.org/wiki/Income_tax_in_the_United_States#History_of_top_rates.5B21.5D

http://www.irs.gov/taxstats/indtaxstats/article/0,,id=133521,00.html