Obama's Stimulus Plan is already a "Failure"

June 9 (Bloomberg) -- Former House Speaker Newt Gingrich said President Barack Obama’s plan to fix the economy through stimulus spending and government intervention to boost companies like General Motors Corp. has “already failed.”

“Bureaucrats managing companies does not work, politicians dominating the economy does not work,” Gingrich told about 2,000 Republicans who attended a fundraising dinner at the Washington Convention Center last night.

A spokesman for the Democratic Congressional Campaign Committee, Ryan Rudominer, said the comments by Gingrich and other Republican speakers at the dinner showed they “would rather bank on failure than work with Democrats.”

(NOTE: "work with" is code for "cave-in" to Democrats-red)