Fox’s Sean Hannity asked Newt Gingrich to explain how President Obama’s plan for financial regulation was moving the country towards socialism. “We are seeing the biggest power grab by politicians in American history. The idea that they would propose that the treasury could intervene and take over non-bank, non-financial system assets gives them the potential to basically create the equivalent of a dictatorship… Look, it absolutely moves it towards a political dictatorship,” said Gingrich.
This video is from Fox’s Hannity, broadcast Mar. 25, 2009.