Newt gets it: Let the financiers sort themselves out
28th September 2008
Republican Newt Gingrich: “You have an administration which, in my judgment, has lost its mind.” And I agree wholeheartedly.
President Bush is so worried about his legacy – he is so afraid of being looked at as Herbert Hoover – that he is doing the very things that Hoover did: Intervene, intervene, intervene. He should do what Ronald Reagan did in 1981 and 1982 and 1987: Let the market play it out.
And that says all that really needs to be said on the subject.