Newt Gingrich on Jobs

Former Republican Representative (GA-6) and Speaker of the House

Union leaders prefer protection over competition

In the United States, there exists a coalition of union leaders who prefer protection over competition; environmental extremists who value nature over the well-being and prosperity of their fellow citizens; and liberal intellectuals who distrust the fluidity and uncertainty of the market and prefer the orderliness of command bureaucracies. This liberal coalition complains about companies’ outsourcing jobs while insisting on corporate taxes that encourage companies to go overseas. They prefer that government impose on business obsolete, absurd work rules, even though these raise costs, lower productivity, and make America less competitive in the world market. These liberals believe in expanding regulation even when it fails to meet any cost-benefit test and clearly drives jobs out of the US. The Left refuses to reform litigation or create a better system of civil justice even though it knows the explosion of lawsuits makes it less desirable to create jobs and invest in the US. Source: Gingrich Communications website, www.newt.org, “Issues” Sep 1, 2007

Unions focus on politics; corporations on doing business

The media have in recent years become fixated on the questions of corporate contributions and what they call “soft” money for financing campaigns, but the truth is, nothing on the right is at all comparable to what the unions do. First of all, corporations are much less capable of being organized--each of them operates politically on its own--and they are, as profit-seeking institutions, much more inclined to seek accommodation with whoever is in power. Labor bosses, on the other hand, have a strategic view of politics and spend a great deal of time and effort developing long-term political muscle. By contrast corporate leaders focus mainly on their respective businesses and spend very little time of effort on politics. When major business leaders do for one reason or another concern themselves with Washington, they usually set up Washington offices or lobbyists and leave matters to them. Source: Lessons Learned the Hard Way, by Newt Gingrich, p. 71-72 Jul 2, 1998

Incentives to businesses create jobs & raise wages.

Gingrich wrote the Contract with America:

[As part of the Contract with America, within 100 days we pledge to bring to the House Floor the following bill]:

The Job Creation and Wage Enhancement Act:
Small business incentives, capital gains cut and indexation, neutral cost recovery, risk assessment/cost-benefit analysis, strengthening the Regulatory Flexibility Act and unfunded mandate reform to create jobs and raise worker wages.

Source: Contract with America 93-CWA10 on Sep 27, 1994

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