Former House Speaker Newt Gingrich said today that the U.S. economic downturn is much worse than political leaders admit and predicted the recovery will take three to five years.
The financial meltdown points to “a much more profound problem than people think” as American industries and education have lost ground to China and India, Gingrich said.
The former Georgia lawmaker told a reporters’ breakfast that the one upside to the crisis is that it might prod reform.
“This is frightening enough that you could have a genuine national conversation about fundamental change,” he said.
Source. If I’ve learned one thing following the GOP, it’s that we should answer any mention of “China,” “India,” “reform” or “national conversation” with one hand on our wallets and the other hand on the Constitution. It boggles the mind to imagine the sort of “fundamental change” Gingrich might be calling for. His comments were just vague enough to be frightening.
The article goes on to describe Gingrich’s evolving view of Sarah Palin, hence the category.