Newt Gingrich: Repeal Dodd-Frank Consumer Protection Law

CONCORD, N.H. - Former House Speaker Newt Gingrich says his presidential campaign will be a grass-roots effort focused on replacing, rather than tweaking, the institutions and policies that have driven the nation into what he calls the Obama Depression.

He spoke to lawmakers and business leaders in Concord on Tuesday, a day after appearing with rivals at a debate.

Gingrich called for repealing the Dodd-Frank consumer protection and Wall Street reform law. He said it's killing small banks and businesses. He advocated overhauling the Federal Reserve and U.S. Treasury. He says they are rife with "crony capitalism."

He's trying to restart his campaign after watching his top aides resign in protest last week and a very rock first few weeks on the trail.

"I think it's going to be a very positive campaign," he told reporters in the Granite State, the Concord Monitor reports. "It's going to be a campaign of solutions. It's going to be a campaign focused on real issues."

 

 

Comments

[schrodster]

02:14 AM on 06/15/2011

That collective sigh of relief you hear is from the 15 top aides who quit last week.

[gconners]

01:44 AM on 06/15/2011

I think Newt is having a "senior moment."
The "... institutions and policies that have driven the nation into what he calls the 'Obama Depression" are actually the Bush/Republican policies that, as Bush himself said: "Wall St got drunk."
Please try to pay attention.
We need MORE, not LESS, regulation on the financial markets. They care about money. Many of us care about our country: people: family, friends, neighbors, strangers. Wall St and investment banks care about profit, "bottom lines" and making more and more money. It, and they, are basically gambling in a "casino." Unfortunately, that "casino" seems to be backed by ALL the American people! Witness the $700 billion Bush/Paulson bailout of 2008. "Private profit: Public Risk." That is not a "free market."

[gconners]

02:13 AM on 06/15/2011

P.S. You know how/why "Wall St got drunk", Mr. Bush?
Because YOU and a Republican Congress cut their taxes TWICE, in 2001 and 2003!

[siffy40]

10:26 PM on 06/14/2011

Remeber this is the same man who had to resign because he was having an affair with an intern. Small banks were suffering before this law went in to effect. This is his way of trying to protect his rich friends on Wall street. After everything that has happened on Wall street, why would he want to appeal this. Same old greed

[gconners]

01:28 AM on 06/15/2011

Just a "heads up." He didn't resign because of the (which one) "affair."
He resigned because of financial and ethical violations.

[Jim Pasterczyk]

04:45 PM on 06/14/2011

Let's go back to the way it was before the '29 crash because we know we can rely on Wall Street and the Invisible Hand of the Marketplace to prevent all future economic collapses.

[gconners]

01:51 AM on 06/15/2011

Of course.
And, if it doesn't, run out like Bush/Paulson in 2008 and say we need $700 billion or the world will collapse!!!

[mygiza]

02:31 PM on 06/14/2011

A slimy salamander or a crooked man --- just call them a Newt.

[Au4]

02:22 PM on 06/14/2011

I.e., destroy anything that stands in the way of short-term profit?

[VietVet67]

02:14 PM on 06/14/2011

Newty is nutty:

http://thinkprogress.org/politics/2011/06/14/244457/gingrich-red-scare/

[POIIUIYT]

02:05 PM on 06/14/2011

here we go again. even the most conservative middle class american has got to realize how happy gingrich and his "cronies" become when they can screw you royally. Dodd-Frank protects all of us from the rapacious and crooked dealings of brokers and their henchmen. Why do they want to repeal it. Out of the goodness of their hearts? They want nothing to stand in the way of rotten brokerage people and their nefarious ways. Gingrich and his coterie see nothing wrong in the rampant rape of the middle class by their rich and power friends.

[camelias and sweet tea]

01:46 PM on 06/14/2011

He forgot to say "And get rid of that damm Elizabeth Warren, she is trying to protect the middle class"

[gconners]

02:01 AM on 06/15/2011

Good response!
And I really mean that. They are so afraid of her. An, as far as I have ever seen or heard or known, honorable, respectable, intelligent "fighter for the consumer (ALL of us)."

[Voivode Vlad]

01:35 PM on 06/14/2011

Of course Newt wants to repeal that law....it protects the poor and middle class from the crooks on Wall Street that will be donating to his campaign.