Newt+ Freddie+ Lobbyist=Housing crash.
Hi noob, welcome to Free Republic.
I am going to believe that since you are new, you are not aware that this topic has been hashed over many many times on many threads.
Fact Check: Latest Ad by Pro-Romney Super PAC “Restore Our Future” Contains Numerous Lies and Falsehoods
Atlanta, GA - Newt 2012 released a fact sheet today responding to the latest dishonest attack ad aired by pro-Romney Super-Pac “Restore our Future”:
Falsehood: Freddie Mac paid Newt $30,000 an hour - $1.6 million.
The Truth:
“I think less than maybe once a month, they [Freddie Mac] would drop by. We’d spend an hour [talking].”
-Newt Gingrich, On the Record with Greta Van Susteren, 11/17/11
It is this remark which the Super-Pac uses to justify this gross distortion.
First, Freddie Mac was a client of the Gingrich Group, a firm with thirty employees and offices in three cities. The client fees were not paid directly to Newt, they were paid to the company, and the vast majority of it went to staff salaries, health insurance, rent and other overhead.
Second, like any consulting firm, a great deal of work and research goes into the recommendations given. Newt and his staff spent time preparing for these meetings, putting in hours of research to bring a well informed opinion. To report that a one hour meeting is the extent of their work is ignorant of standard business practice.
“Newt+ Freddie+ Lobbyist=Housing crash.”
I think you’re misinformed. Newt did not act as a lobbyist for Freddy or Fanny..... he was hired as a consultant, big differance.
You do know that this is a Newt friendly site and such obvious prejoritive statements are not well received.... don’t you?
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