Skip to main content

I'll admit it, I am enjoying the epic flame-out of the Gingrich 2012 campaign. Watching him contort himself to prove that he is totally consistent with his 24-hours-ago-self is like paying the extra money to see behind the scenes at the circus freak show. Yes it is fun, but this Tiffany's story is bigger than it looks.  This latest blunder presents a golden opportunity for those of us that have been trying to show that tax cuts don't create jobs.

Newt has been shown to have been on the hook for $500,000 to Tiffany's in New York. He has been subjected to a number of humorous references because of it. He's been called Blingrich by several late-night hosts and Colbert suggested that this was because Newt buys his engagement rings in bulk. Newt's expalnation?

As a private citizen who has done well, I think I’m allowed to pick and choose what I prefer doing.

True enough. Newt likely spent money on things like a diamond and platinum necklace ($45,000) that his wife Callista was spotted wearing. It sure must be fun to go back through the Getty Images of Callista and comparing them to the Tiffany's catalog.

But the point that we aren't hitting on, is that this is the sort of bullshit that we are enabling. The tax cut that Newt Gingrich received from the Bush administration didn't go to create jobs. Sure, Tiffany's probably was able to hire a "Gingrich jewelry consultant" position, but most of the money for Callista's jewelry probably went to buying the precious metals contained within. There are no commercial diamond mines in the US and platinum mostly comes from South Africa and Russia. So some the tax cuts that the Gingrich's received in 2003 that were supposed to create jobs, were instead spent on raw materials mined in Africa.

This is what we have to discuss. The uber-wealthy aren't the job creators here, and cutting them an undeserved break on their contribution to our society doesn't spur job creation. It allows them to amass more wealth, at the expense of our nation.

Newt Gingrich needs to be held up, not for mocking, but as the poster boy for what is wrong with the alchemy of trickle down economics and the degradation of civil society that it causes.

Here's what Newt said on Face the Nation.

I'm a guy running for president who pays all of his bills, and after-tax  income at no cost to the taxpayer, and who currently owes nothing  except one rental property in Wisconsin. I am debt-free. If the U.S.  government was as debt-free as I am, everybody in America would be  celebrating.

Newt, America could be debt free if it weren't for the snake oil you have been selling for the last 20 years. And the problem is that the cost to US taxpayers is that we are now paying interest on that tax money that you legally evaded paying, we can't get an interest free loan from Tiffany's as a country.

Of course, all of this is predicated on Democrats actually using this. So, nevermind.

(This "Liberalgeek" post first appeared at Delawareliberal)

Originally posted to Delawareliberal on Thu May 26, 2011 at 12:38 PM PDT.

Also republished by ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement and Community Spotlight.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Egg, fly, JekyllnHyde, davej, Ed in Montana, buffalo soldier, Mogolori, Upper West, nolalily, cassandra m, murphy, deben, Subterranean, Delaware Dem, BigOkie, Alec, Emerson, Shockwave, donna in evanston, cotterperson, OLinda, Mnemosyne, kdub, x, elfling, WI Deadhead, jancw, lady sisyphus, Birdman, tyler93023, missLotus, BlackSheep1, annrose, nyceve, ellefarr, bluesteel, gayntom, mkfarkus, roses, jalbert, Nate Roberts, ctsteve, WriterRoss, Cedwyn, Quege, Redfire, Texknight, RLF, Dube, Getreal1246, diane101, figbash, Kentucky DeanDemocrat, duncanidaho, moltar, cosette, mnguitar, dwahzon, On The Bus, Steven Payne, hoof32, Catte Nappe, zerelda, davybaby, mungley, Hillbilly Dem, NapaJulie, hayden, Black Max, lyvwyr101, boran2, Josiah Bartlett, bay of arizona, sawgrass727, Gowrie Gal, drofx, jabney, Tinfoil Hat, Treg, DianeNYS, qofdisks, LarisaW, SherwoodB, newfie, mjd in florida, PBen, PsychoSavannah, Superpole, grimjc, sandrad23, stagemom, EJP in Maine, dg10348, eru, where4art, Kayakbiker, sheddhead, ivorybill, markdd, ord avg guy, AnotherMassachusettsLiberal, Tunk, CSPAN Junkie, Shotput8, FindingMyVoice, Jlukes, doe, peacestpete, Ekaterin, Snud, zozie, bently, noweasels, begone, Nowhere Man, poco, redcedar, stef, rcbowman, 417els, BlueInARedState, SciFiGuy, Yellow Canary, Dvalkure, technomage, Samwoman, luckydog, eglantine, willy mugobeer, nonnie9999, dbwoodside, JVolvo, bleeding heart, myrealname, ER Doc, middleagedhousewife, webgenie, SingerInTheChoir, IL clb, CA Nana, BB10, MrJersey, Whitefish, fiddlingnero, frankzappatista, kurt, lynneinfla, Statusquomustgo, leighkidd, ms badger, xenopus17, Pandoras Box, AntKat, DemOrDie, DBunn, ammasdarling, Tamar, One Pissed Off Liberal, old wobbly, fisheye, tgypsy, FWIW, Debs2, gailwax, edsbrooklyn, DvCM, Trial Lawyer Richard, yowsta, Matt Z, gustynpip, terabytes, ballerina X, joedemocrat, Uwaine, rantsposition, Canyon Lefty, Seneca Doane, bluehen96, rivamer, second gen, tcdup, millwood, RudiB, GeorgeXVIII, madgranny, spearfish, Ralphdog, MKinTN, JayC, aztecraingod, Scioto, TX Freethinker, MikePhoenix, dadadata, Akonitum, sandav, Happy Days, weddedgay, royce, pamelabrown, WoodlandsPerson, GayDemInRedDistrict, Porter Wayfare, sewaneepat, SpamNunn, venger, CeeusBeeus, DavidW, legendmn, satanicpanic, maggiejean, Rhysling, Satya1, greengemini, lostinamerica, juca, banjolele, janmtairy, dfe, CamillesDad1, Keith Pickering, Lacy LaPlante, mdmslle, Little Flower, jfromga, MizKit, clifmichael, Its the Supreme Court Stupid, Pandora63, pyegar, roadbear, little lion, gramofsam1, amk for obama, stunzeed, Anak, gulfgal98, sullivanst, pixxer, ItsSimpleSimon, dlemex, xhale, DiegoUK, addisnana, DrTerwilliker, Toon, ericlewis0, Floande, Oh Mary Oh, wwjjd, Its a New Day, HylasBrook, not4morewars, Quantumlogic, theKgirls, Onomastic, Colorado is the Shiznit, kerflooey, targetdemographic, Bluefin, cultjake, mama jo, Dretutz, msazdem, Bob Duck, sfcouple, grannyboots, nicethugbert, jardin32, vahana, Jose Bidenio, kevin k, deeproots, NormAl1792, AnotherAmericanLie, feeny, Progressive Mom, mrsgoo, zukesgirl64, Wheever, BarackStarObama, Coastrange, floridablue, durrati, phoebesdatter, createpeace, terabthia2, Wood Dragon, Caddis Fly, Strange New World, JoeEngineer, Dbug, James Protzman, blue aardvark, ratcityreprobate, No one gets out alive, AnnetteK, Prairie D, Cordyc, oblios arrow, ahumbleopinion, Trevin, Eric Nelson, nellgwen, Philosoraptor, AnnieR, a2nite, Deep Texan, rukidingme, The Red Phone Is Ringing, congenitalefty, IProfess, jan4insight, teabaggerssuckbalz, MartyM, ricklewsive, cassandracarolina, etherealfire, monkeybox, Catsmeat, bigrivergal, GAladybug, Artandscience, Portlaw, WheninRome, The Geogre

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site