Yes.  I entirely stole that headline.  Because how could I improve it? 

Here's Newt:

Former Speaker of the House Newt Gingrich said Tuesday that any lawmaker who votes for the Bush administration's $700 billion bailout package, which he called a “dead loser,” will face defeat in November.

Gingrich (R-Ga.) said he thinks Treasury Secretary Henry Paulson is trying to scare lawmakers into passing the bailout plan quickly and without thorough study.

“I think what Paulson hopes to do is say, ‘If you don’t do exactly what I want you to do, the whole world’s going to collapse on Tuesday’,” Gingrich said.

The former Speaker, talking to reporters at a lunch, added that he expects Democratic presidential candidate Sen. Barack Obama (Ill.) to back the plan. He predicted that, if Republican presidential candidate Sen. John McCain (Ariz.) ends up opposing the administration proposal, there will be an overnight “emergence of a McCain/reform wing of the Republican Party.”

Gingrich said that occurrence would turn the election on its head, with Republicans running ads that feature Obama with President Bush on the same team in pushing for a “nightmare” bailout plan.

The former Speaker said that by November, the flaws in the plan will be apparent, and voters will “break against anyone who votes for it.”

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Thanks for not supporting the bailout
written by Dee Smith , September 30, 2008

I am thrilled that the bailout package failed. How can we continue to not allow this to happen. This country is already in debt. The US never should have become a credit economy. Consumers and state officials must stopped borrowing on credit.

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