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Gingrich made big bucks pushing corporate welfare (BIG PHARMA)
Washington Examiner ^ | 11/16/11 | Tom Carney

Posted on 11/16/2011 6:54:03 PM PST by Fred

Newt Gingrich spent the last decade being paid by big business to convince conservatives to support big-government policies that would profit his clients.

Gingrich's consulting firm racked up $1.6 million in fees from the government-sponsored enterprise Freddie Mac, we learned this week from Bloomberg News. Gingrich's job was to help Freddie Mac win over conservatives to this market-distorting, bubble-fueling, housing-subsidy entity, which is now officially owned by the federal government.

We also know that Growth Energy, an ethanol lobby, paid $312,500 to the Gingrich Group in 2009, according to the group's tax filing. Growth Energy lobbies to preserve many ethanol subsidies and create new ones. Gingrich has consistently supported ethanol subsidies, despite his professed allegiance to the free market.

But there may be much more to Gingrich's advocacy work than has been reported so far. For instance, a former employee of the nation's biggest drug lobby told me Gingrich was being paid by the drug industry during the 2003 debate over the Medicare prescription drug benefit.

(Excerpt) Read more at campaign2012.washingtonexaminer.com ...


TOPICS: Front Page News; Politics/Elections
KEYWORDS: cronycapitalist; ethanol; ethanolsubsidies; fannie; freddie; gingrich; gingrichgroup; growthenergy; growthenergym; pharma; porkbarrel; subsidies
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Newt, your time is up.
1 posted on 11/16/2011 6:54:09 PM PST by Fred
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To: All


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2 posted on 11/16/2011 6:55:49 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Fred

Chop, chop, chop!


3 posted on 11/16/2011 6:56:31 PM PST by thatdewd (I'm tired of watching stupid people do stupid things stupidly.)
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To: Fred

Hard to keep your hands out of such a tempting Fig Newt-on cookie jar, isn’t it Mr. Politician?

Sad for Newt to say, with sexual harassment allegations or no Cain looks like an angel compared to this. He’s never been a politician and thus has never committed any political evils like this.


4 posted on 11/16/2011 6:56:36 PM PST by HiTech RedNeck (bloodwashed not whitewashed)
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To: Fred

Hang in, Smokin’ Joe Cain- It’ll be the last man standing.
-:)


5 posted on 11/16/2011 6:57:40 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: thatdewd

Going to get worse.


6 posted on 11/16/2011 6:58:25 PM PST by Fred (no job no house no gas no food no problem Obama 2012)
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To: Fred

Maybe, but look at all that ‘experience’ he got....LOL


7 posted on 11/16/2011 6:58:52 PM PST by sickoflibs (Cain :"My parents didn't raise me to beg the government for other peoples money")
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To: Fred

Ha. Being an ethanol lobbyist should get him votes in Iowa and other Big Corn states. Probably why this is printing now.


8 posted on 11/16/2011 7:01:09 PM PST by WriteOn (Truth)
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To: Fred

9 posted on 11/16/2011 7:01:33 PM PST by South40 (NO RINOS IN 2012!)
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To: Fred

“We eat our own” continues...


10 posted on 11/16/2011 7:02:03 PM PST by Repeal The 17th
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To: Fred

After giving the media a rough time at all the debates, now it is the media’s turn to return the love.


11 posted on 11/16/2011 7:03:19 PM PST by BAW (No Romney.)
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To: Fred

Sounds like he is the poster boy for corruption in Washington.


12 posted on 11/16/2011 7:03:38 PM PST by microgood
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To: microgood

Name a politician who is not been corrupted in one fashion or another....just one.... =.=


13 posted on 11/16/2011 7:05:35 PM PST by cranked
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To: VinL


If you're thinkin like me - Let's drain the swamp in D - C...Go Cain.
14 posted on 11/16/2011 7:06:56 PM PST by Fred (no job no house no gas no food no problem Obama 2012)
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To: Fred
I don't know about that. The reason being, who else is there?

I know well all of Gingrich's past. Yet, if this does indeed come down to an election of who's most likely to beat Obama, I can't think of a better bet.

What I do find notable is where the criticisms are mostly coming from the past 48 hours, the Washington Examiner and Bloomberg (news).

15 posted on 11/16/2011 7:07:35 PM PST by Rational Thought
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To: Repeal The 17th

Yep...it is ludicrous.It is not primary politics it’s wanting someone that is not running or promoting only ONE and demonizing all others.

http://www.freerepublic.com/focus/f-news/2808407/posts?q=1&;page=1


16 posted on 11/16/2011 7:07:35 PM PST by Dubya-M-DeesWent2SyriaStupid!
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To: Fred

That Newt can make as much money in one insider lobbying deal as most people will make in a lifetime doesn’t sit well with a lot of folks out here.


17 posted on 11/16/2011 7:08:43 PM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Fred
On a side note, when another several million private sector Americans get their employer health benefits slashed, reduced or completely eliminated, and they will, big pharma will be taking a big hit...

Once the older, well taken care of, near fully insured generation all die off...Well, big pharma stock will hit the skids.

18 posted on 11/16/2011 7:08:54 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Repeal The 17th

>> “We eat our own” continues...

Yeah, it’s #ing annoying.


19 posted on 11/16/2011 7:10:09 PM PST by Gene Eric (Save a pretzel for the gas jet.)
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To: Gene Eric

Best to come back after the primaries.


20 posted on 11/16/2011 7:11:40 PM PST by Fred (no job no house no gas no food no problem Obama 2012)
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