The Corner

Newt on LF

This was a very generous and pleasant surprise the other night. From Hannity:

GINGRICH: Sure, look, I think if you read Johah Goldberg’s book on liberal fascism and you read the chapter on what a liberal fascism economics would be like, it’s frighteningly prescient. I think he ought to — you know, reissue as sort of introductory guide to how the left is thinking this year.

We are seeing the biggest power grab by politicians in American history. The idea that they would propose that the treasury could intervene and take over nonbank, nonfinancial system assets gives them the potential to basically create the equivalent of a dictatorship.

You don’t want to do what they want, they take over your company. You do what they want, Congress retroactively, and this is what made last week’s lynch mob like a third world government when the Congress literally got out of control, panicked, panicked because people were mad at it, and it turned out that the Congress had passed the authorization in the stimulus bill for AIG to pay those bonuses.

The Congress had approved it, the people at AIG were acting what they thought was the rules set by the government. Suddenly they’re being attacked, they are retroactively losing their money. Why would anybody want to invest in a country.

HANNITY: Wait a minute.

GINGRICH: . where Barney Frank and Chris Dodd can go back and retroactively take money away?

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