Gingrich Blasts Obama, Plans Rival Jobs Summit

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Gingrich blasts Obama, plans rival jobs summit Former House Speaker Newt Gingrich launched a series of job creation forums last week in Cincinnati, one day before President Barack Obama held his own jobs summit at the White House.

Referring to his series of rival town hall meetings as the "real jobs summits," Gingrich said that he wants to get ideas from entrepreneurs and small business owners on creating jobs and improving the economy, CNN.com reports.

"President Obama’s ‘jobs summit’ in Washington, D.C. is an acknowledgment that the big government stimulus package failed to create jobs," said Gingrich.

"For an administration that is actively promoting job-killing healthcare, energy and big labor legislation, holding a ‘jobs summit’ is deceiving political theater in the midst of millions of Americans struggling to find work," added the former GOP congressman.

Gingrich, who has often been mentioned as a potential presidential candidate in 2012, is presenting a plan that will reduce payroll taxes, abolish capital gains and estate taxes and allow small businesses to expense 100 percent of new equipment purchases, Fox News reports.

On Friday, President Obama kicked off his White House to Main Street tour where he will travel around the country to speak with workers and share thoughts on job creation and economic recovery.
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