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Newt Gingrich: Only worked one hour a month giving advice to Freddie Mac
Wapo ^ | 111811 | Dan Eggen

Posted on 11/18/2011 8:42:45 PM PST by Fred

Republican presidential candidate Newt Gingrich is stepping up his defense of his lucrative consulting career, in part by arguing that he didn’t do very much to earn all that money.

In an interview late Thursday on Fox News, Gingrich said that he only worked about an hour a month giving advice to Freddie Mac, the quasi-public mortage company that paid him up to $1.8 million in fees.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Politics/Elections
KEYWORDS: cronycapitalist; fannie; feedingatthetrough; freddie; gingrich; onthedole; porkbarrel
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1 posted on 11/18/2011 8:42:48 PM PST by Fred
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To: Fred

So does that make him a “Part-Time DC Hack?


2 posted on 11/18/2011 8:44:35 PM PST by tennmountainman
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To: tennmountainman
Newt's company was paid, sheesh.

Did Buffet invest $10 billion in IBM? No, Berkshire Hathaway did.

yitbos

3 posted on 11/18/2011 8:47:18 PM PST by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: tennmountainman

No Just a garden variety politician.


4 posted on 11/18/2011 8:48:13 PM PST by Lazlo in PA (Now living in a newly minted Red State.)
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To: Fred

Cool...

I like him even more if can earn that kind of dough.

How much does DU pay you to post this crap?


5 posted on 11/18/2011 8:48:47 PM PST by moonhawk (Broken Heart(less) Hobbit for Sarah...Now for Newt)
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To: Fred

Nice work if you can get it.


6 posted on 11/18/2011 8:49:15 PM PST by 2ndDivisionVet (You can't invade the US. There'd be a rifle behind every blade of grass.~Admiral Yamamoto)
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To: tennmountainman
Lets see.. we take $1.6 million divided by 7 (years) equals $228,571.43, next I take this amount and divide by 12 (months in a year) equals $19,047.62, next I divide this amount by 1 hour per month, this equals

$19,047.62 per Hour!

Call me foolish, but I think that is kind of expense for a history lesson.
7 posted on 11/18/2011 8:51:05 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 even want to hear about Newt until they do the same to Obama for hiring Frank Raines after he cooked the books for 5 years. He got hired as an "economic adviser". Johnson from Freddie mac was the same. He found Biden as the VP.

How can advising Freddie for one hour be the same as the guy that ran it into the ground and then cooked the books and lied under oath in House and Senate hearings? I don't know how much Johnson got but Franklin got $90 million.

8 posted on 11/18/2011 8:51:26 PM PST by chuckles
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To: Fred

MSNBC is having a cow over this. The hypocrisy of both Newt and the MSM is hilarious.


9 posted on 11/18/2011 8:53:58 PM PST by ozzymandus
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To: Fred

This is one of those insider sweetheart deals where no real work is required.


10 posted on 11/18/2011 8:57:28 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Fred

How much pay and time spent for said pay does old slick the bent one get for his advice to different entities?


11 posted on 11/18/2011 8:58:44 PM PST by Sea Parrot (%)
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To: GeronL

This is one of those insider sweetheart deals where no real work is required.

The point is that he obviously wasn’t paid for history lessons. What was he being paid for? Sounds like corruption to me even if corrupt lawmakers haven’t made it illegal.


12 posted on 11/18/2011 9:02:34 PM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: freedomfiter2

He was paid to influence GOP Congressman not to dig so deep into Freddie Mac’s problems, see we hired one of you, we aren’t so bad, leave us alone.


13 posted on 11/18/2011 9:04:24 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: GeronL

I would almost rather have 4 more years of Obama than 8 years of another corrupt Chicago style RINO. I did say almost.


14 posted on 11/18/2011 9:07:03 PM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: moonhawk; Fred
It's not uncommon for FReepers to not like Newt and it sure doesn't make them paid DU hacks.
15 posted on 11/18/2011 9:07:46 PM PST by South40 (NO RINOS IN 2012!)
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To: Fred

$19,047.62 per Hour!

I guess that makes him a “Part-Time” DC Hack that makes a lot of money per hour.


16 posted on 11/18/2011 9:12:21 PM PST by tennmountainman
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To: chuckles

How can advising Freddie for one hour be the same as the guy that ran it into the ground and then cooked the books and lied under oath in House and Senate hearings?

It’s kind of like comparing the guy in bed with your wife and the one filming it. Which one is the sleaze?


17 posted on 11/18/2011 9:12:39 PM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: chuckles

All the hacks in DC are ripping us off.


18 posted on 11/18/2011 9:13:18 PM PST by tennmountainman
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To: freedomfiter2

As at least one other poster has mentioned - if we work hard perhaps the senate and the house will be Republican. They would be able to fight an Obama - but would just rubber-stamp anything a president with an “R” after his name might propose.

Plus - electing a RINO only furthers the “only ‘moderates’ can get elected”.


19 posted on 11/18/2011 9:15:03 PM PST by 21twelve ("We can go from boom to bust, from dreams to a bowl of dust....and another lost generation.")
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To: Fred

Nothing different than 95% of our wonderful politicians! So, if you are not going to condemn them all - especially the Democrats that do the same thing (after all, it is legal) then don’t raise such a fuss now during the election.

Yes, it should be stopped, and yes, it is corrupt!

Are you going to throw him out and elect Romney who is just as bad or worse I assure you....


20 posted on 11/18/2011 9:15:39 PM PST by Deagle
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