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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 ...
This was before tarp, newt supported tarp as well. Do not know who was paying him then, but probably someone from wall street. I am sure we will finds out.
With support like that waste, fraud and abuse in government will live on forever. What do we bother, hell let the good times roll.
This is the real issue. Its not how much he was paid but what he was paid to do. It seems like Newt was paid to promote liberal causes that undermined the economy and eroded our liberty.
But anyway, who cares, it was legal./s
George Bush support Tarp as well..
Do they both get pilloried?..
Paint Newt(black) you must paint the Shrub as well..
It is interesting how each candidate is ignored until he or she rises to the top in the polls, and then the shootout begins.
I don’t see Romney as getting the full-on attack. He has had negative press, but nothing like the complete focus Cain and now Newt have had. But since his getting the nomination is ‘inevitable’ I guess they’re saving it all for when he goes up against Dear Leader.
The best-laid plans...
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No wonder he is being dubbed Newtie Kazootie.
He is a dummy for the highest bidder, and an extortionate one if he really did only work one hour a month for Freddie Mac
For a pol voted out of office, charging somewhere in the area of one megabuck per hour makes Obama’s gang appear to be chump change oriented amateurs.
Oh, wait, they are.
[ Let’s try the old stealing from the tax payer is wrong, no matter what party. ]
So you imply that the entire democrat party should be arrested?..
The democrat party was, is now, and always will be a Criminal Enterprise..
Its true some republicans are ex-democrats.. and still carry “the Disease”..
Democracy is a political disease.. socialism is merely a symptom..
Democracy is indispensable to socialism. The goal of socialism is communism. -V.I. Lenin
The meaning of peace is the absence of opposition to socialism .-Karl Marx
More power to him.
More power to him.
It’s really sad to see the class warfare rhetoric played out here. I thought we were the party of capitalism. I guess to some, you can only make so much in capitalism before folks ascribe nefarious motives. Obama has been playing that game for some time now.
I applaud Newt in taking advantage of capitalism. It’s the American way.
He was probably way down on the totem pole at that corrupt money laundry. What was Gorelick doing for her $40 Million?
Pray for America
The fees weren’t paid to Newt, but to his business. I saw him explaining this on TV the other night. His business was located in at least three cities, as I recall, and it was employees of his business that were doing the research and compiling data.
Newt may have met with a rep of FM for an hour each month, but the money was paying for his business expenses; not going into his pocket.
I’m not a big Newt supporter, but I really dislike seeing facts distorted to make it appear he did something nefarious.
I found the perfect explanation for politicians’ behavior (actually any human beings behavior in a similar situation) in this little video by Milton Friedman. It explains everything about how people in government behave, and within it is the seed of the solution.
http://www.youtube.com/watch?v=5RDMdc5r5z8
The solution? Keep government as small as possible and on a tight leash.
The bottom line is this, it’s not that politicians are in general any worse than each one of us, but that we have put them in an environment (Miltons third and fourth types of money) that facilitates that type of behavior. If we’re honest with ourselves, each one of us would admit that we wouldn’t behaves significantly different in the same situation. We want them to behave like angels, but they’re just humans - republicans may be slightly more angelic, but given the temptations, most will fall like the others. It is up to us the people, their bosses and the owners of the money and power that they have, to put them on a much tighter allowance and to watch them like hawks.
In other words, the time for delegating all that power, money and responsibility to politicians and then going to the beach and watching football and reality TV and letting them do as they please is over - or, they’ll continue to have a ball at our expense.
THUS, THE INTELLECTUAL FOUNDATION FOR ADVOCATING A MUCH SMALLER GOVERNMENT IS CONTAINED IN THAT LITTLE VIDEO ABOUT HUMAN NATURE BY FRIEDMAN.
Well, good for Fred. But some of the smears against Newt are just as dishonest and disingenuous as my fairly transparent tongue-in-cheek suggestion that he was a paid subsidiary of DU or the DNC. Paybacks are hell, as they say.
And while I hold FR in the higherst regard, with the tens of thousands of members here I don’t consider it an insult to suppose that a few trolls may fall through the cracks from time to time.
Just sayin’.
He took a lot of tax money for one hour... And we are suppose to trust him.
Common people he is part of the problem and NOT part of the solution.
he was paid to lobby other gop not to regulate freedie and fannie, not for advice. The advice was a cover
You really think he was paid for advice??! $1.8 Million?!!? Newt was no expert on the economy or the mortgage industry. So what could he possibly sell that is worth $1.8 million? Theres only one thing Newt has. He was paid for his influence over other gop congressman
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