Flaylo
Handsome Devil
http://www.politifact.com/truth-o-m...ingrich-says-dodd-frank-destroying-community/
You know its fucked up when your own campaign staffers look shit faced when asked for answers and leave you out to dry for making false claims.
No politician will ever lose votes by coming down on the side of community banks. Unlike the mega-banks of Wall Street that helped fuel the worlds dive off an economic cliff, community banks have a better reputation. They avoid exotic financial deals and, for the most part, stick to their knitting.
GOP hopeful Newt Gingrich offered himself as their defender when he spoke to supporters at campaign headquarters in Manchester, N.H. "Community banks are 12 percent of the banks right now and 40 percent of the loans to small business," Gingrich said. "And they are being destroyed by Dodd-Frank."
Dodd-Frank is the financial overhaul bill passed by Congress in 2010. Gingrich says it should be repealed, in part because of its impact on these local banks.
We asked the Gingrich campaign to give us the data that informed the former House speakers belief. Staffer R.C. Hammond replied "It was his observation. How do you source an opinion?"
But Gingrich didn't say, "I think community banks are being destroyed by Dodd-Frank. He asserted it as a fact.
You know its fucked up when your own campaign staffers look shit faced when asked for answers and leave you out to dry for making false claims.