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Gingrich think tank collected millions from health-care industry [came up with individual mandate]

Newt and Freddie Mac..........."And while the former House speaker insists that he never stooped to lobbying per se in his 13-year post-congressional career, he clearly did cash in on his status and connections, whether as a high-priced speechmaker or as an “adviser” to Freddie Mac — the ill-fated “government-sponsored enterprise” (GSE) in housing finance that is now sucking up taxpayer bailout money. All told, Freddie paid Mr. Gingrich a reported $1.6 million.

At the Nov. 9 Republican debate, Mr. Gingrich claimed his job at Freddie was speaking truth to power: “I said to them at the time this is a bubble. This is insane.” But former Freddie officials told Bloomberg News they hired Mr. Gingrich in 2006-07 “to build bridges to Capitol Hill Republicans and develop an argument on behalf of the company’s public-private structure that would resonate with conservatives seeking to dismantle it.” Indeed, Mr. Gingrich proclaimed, “I like the GSE model,” on Freddie’s Web site in 2007. He added that “making homeownership more accessible and affordable is a policy goal I believe conservatives should embrace.” He likened Freddie to the Homestead Act and suggested a health-care GSE.".....

2 posted on 12/06/2011 2:55:21 AM PST by Cincinatus' Wife
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“government-sponsored enterprise” (GSE)
3 posted on 12/06/2011 2:57:49 AM PST by Cincinatus' Wife
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