Gingrich: GOP-ers May Form Third Party | NBC New York

Gingrich: GOP-ers May Form Third Party

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    Gingrich thrashed Republicans for allowing increased spending during the Bush administration and for not doing enough to block President Barack Obama’s early initiatives.

    Former House Speaker Newt Gingrich is warning fellow Republicans that conservatives may leave the GOP for a third party in 2012.

    “If the Republicans can’t break out of being the right wing party of big government, then I think you would see a third party movement in 2012,” Gingrich said Wednesday during a speech at the College of the Ozarks in Kentucky, the local television KY3 reported.

    Gingrich thrashed Republicans for allowing increased spending during the Bush administration and for not doing enough to block President Barack Obama’s early initiatives.

    “Remember, everything Obama's doing, Bush started last year,” Gingrich said. “If you're going to talk about big spending, the mistakes of the Bush administration last year are fully as bad as the mistakes of Obama's first two, three months.”

    The former speaker also attacked the Democratic president on the economic stimulus package and for what he called his “grotesque arrogance” to oust Rick Wagoner as the head of General Motors.

    “During the period I was speaker, the U.S. government – for four years – total growth was 2 percent a year. Under Bush, it was 6.1 percent…This year, I think it will be 36 percent in one year,” Gingrich said. “It is just literally irrational.”