Gingrich's dishonest claim about Dodd-Frank debunked! LMAO!

Flaylo

Handsome Devil
Feb 10, 2010
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http://www.politifact.com/truth-o-m...ingrich-says-dodd-frank-destroying-community/



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 world’s 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 Gingrich says it should be repealed, in part because of its impact on these local banks.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 speaker’s 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.
 
Dodd/Frank is constantly being brought out as some sort of boogey man that is the center of all economic ills. I saw a cspan round table about the economy and seated on it was one republican senator who seemed, for the most part, to be pretty knowledgable. He brought up Dodd/Frank and it was very quickly swatted away. The guy didn't even bother to defend his point. But it was almost a reflex that he brought it up.
 
Dodd and Frank the two that prevented 3 attempts under Bush to regulate the Housing market. Frank was on National TV just a month or two before the collapse INSISTING that not only was the Housing market sound it was safe and the only danger to it was more regulation.
 
PolitiFact | Newt Gingrich says Dodd-Frank is destroying community banks



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 world’s 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 speaker’s 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.

Three liar so whats your point?
 
PolitiFact | Newt Gingrich says Dodd-Frank is destroying community banks



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 world’s 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 speaker’s 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.

Three liar so whats your point?

Point?

He don't need no stinkin' point!
 
PolitiFact | Newt Gingrich says Dodd-Frank is destroying community banks



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 world’s 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 speaker’s 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.

Three liar so whats your point?

I'm lying? STFU, if you can't have a honest discussion without flaming you get ignored, the same for CG.
 
Dodd and Frank the two that prevented 3 attempts under Bush to regulate the Housing market. Frank was on National TV just a month or two before the collapse INSISTING that not only was the Housing market sound it was safe and the only danger to it was more regulation.

More rightwing bullshit you've culled from your dumbass pundits.
 
Well come on people..

We all know Democrats CAN NEVER be wrong. They all do what they do FOR THE LITTLE PEOPLE.
 
Dodd and Frank the two that prevented 3 attempts under Bush to regulate the Housing market. Frank was on National TV just a month or two before the collapse INSISTING that not only was the Housing market sound it was safe and the only danger to it was more regulation.

More rightwing bullshit you've culled from your dumbass pundits.

You are the ignorant one. Are you claiming that Bush did not try twice to regulate the Housing market? That McCain did not try once to Regulate the Housing Market? That Frank lead the resistance in the House and Dodd in the Senate? That they succeeded all three times killing the bills?

Are you denying that Frank was on National TV just before the bubble broke claiming the Housing market was safe and sound and was only endangered by more regulations?

Be specific.
 
Dodd and Frank the two that prevented 3 attempts under Bush to regulate the Housing market. Frank was on National TV just a month or two before the collapse INSISTING that not only was the Housing market sound it was safe and the only danger to it was more regulation.

You dumb fucking jarhead, why are you trying to go off topic? The topic is about the Dodd-Frank bill and community banks, not housing, what a fucking tool.
 
Dodd and Frank the two that prevented 3 attempts under Bush to regulate the Housing market. Frank was on National TV just a month or two before the collapse INSISTING that not only was the Housing market sound it was safe and the only danger to it was more regulation.

More rightwing bullshit you've culled from your dumbass pundits.

Actually that is true and your response is very telling of your lack of attention to the history of the entire situation.

Pretty much dispels any notion that you have a leg to stand on with the first post in my opinion.
 

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