Newt owns the consulting form and he gets 35k if 1.6 mil?
I don’t believe it.
I make more than that on a contract that size as a low level peon.
He said he did hardly any work for the money.
Anyway, maybe he gets paid a salary, and “$35,000” is just the fraction of his salary that represents what fraction of his company’s income came from Freddie and Fannie.
It’s an interesting diversion tactic, saying that since it is the company he owned, and not him “personally” that got the money, it doesn’t count. The problem isn’t how much money he got, it’s a question of what they were buying from his firm.
What expertise did Newt’s company bring to the table that they found valuable enough to pay his company 1.6 million?
If they valued his input, why does Newt say they didn’t take “his advice”?
Why did they pay his company for 10 years if he never told them anything they thought was worth listening to?
I don’t believe that in 10 years, he held a contract with them, they paid him over a million dollars, but in those 10 years they never listened to a word he said.
I also don’t believe they hired his company because he was a good professor of history. That just doesn’t make sense. They needed help lobbying congress, since that is how they made their money, not reaching out to actual customers. That was his expertise — teaching companies how to successfully lobby.
It’s like hiring a weapons expert, who teaches you how to shoot, and then you go out and kill someone. The Weapons Expert argues that he didn’t shoot anybody, which is true, but if he knew why you were learning, it doesn’t make him less culpable.