The Horse Sense Blog compares the nonsense in today's news with good ol' fashioned horse sense


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Monday, February 27, 2012

Why Gingrich Needs Another Look Before Deciding To Throw His Candidacy On The Ash Heap Of History

Here’s the Nonsense:  Newt Gingrich has had his day in the sun, but his polls have fallen so low that he should no longer be considered a viable candidate for the nomination.

Here’s the Horse Sense:  According to Reagan economists and a Senior Economic Writer for the Wall Street Journal, Newt Gingrich’s economic plan will provide more growth for the U. S. economy than other candidates.  With that information voters would be crazy not to rethink Gingrich as the nominee.

Stephen Moore, Senior Economic Writer for the Wall Street Journal is reporting that former Reagan economists Peter Ferrara and Gary Robbins say that Gingrich's policies would balance the budget within the first term of his presidency.  His economic plan will create 6 million jobs in two years.  With the U. S. economy worse than any since the Great Depression and real unemployment numbers showing 23% unemployed (see shadowstats.com) America needs a fixed economy and we need it FAST.

If you don’t understand that America faces imminent collapse if we don’t turn things around immediately starting with the 2012 elections, then you have not done your homework.  The ridiculous simpleton ideas and solutions that Congress (including most in the GOP) have put forth as solutions are not worthy of an elementary school student. 

Art Laffer, creator of the Laffer Curve and also a Reagan economist is quoted in an article by Henry J. Reske at Newsmax.com, “Mr. Gingrich's tax proposal is not revenue-neutral, nor should it be,” Laffer writes. “If there's one truism in fiscal policy, it's this: Wasteful spending will always rise to the level of revenues. Whether you're in Greece, Washington, D.C., or California, overspending is a prosperity killer of the first order. Mr. Gingrich's flat tax proposals — along with his proposed balanced budget amendment — would put a quick stop to overspending and return America to fiscal soundness. No other candidate comes close to doing this.”

The WSJ article quotes Mr. Ferrara as saying “There's no doubt Newt is the real supply-sider in this race.  And now we have evidence the numbers actually add up."

People still try to bring up Newt’s mistakes from his past.  We’ve been down this road before talking about those things.  Those who are still against him are either:
  • Democrats who are scared to death of what he has to offer along with his tremendous debating skills;
  • The Republican establishment who know that he’ll shake up Washington with change that will threaten their power base if everything isn’t left as is;
  • Voters who won’t look at the efforts he’s made to remake his life and turn it around and the success he’s had at doing so;  or
  • Voters who have not learned what he has to offer.

 America is in a crisis on a scale that we have never before seen in our history.  What we do about it will either make or break our nation.  We need to set aside the small issues and focus on big issues with big ideas that will turn America around.  No other candidate has the experience making big ideas work like Newt does.  And no other candidate has the successful track record getting people on both sides of the aisle to work together.  Before we throw Newt’s candidacy overboard we need to reconsider the value of what he has to offer or we might be missing our best option to save our nation.


You can take a look at Newt’s plan here.