Thursday, November 17, 2011

Who Could Remember A Million Bucks?

Highlights - Gingrich got all this money and they went bankrupt. So what was his advice worth?

He couldn't remember $1.5 million? That puts him in touch with the common man. Plus if they paid him a million dollars he must've done a pretty shit job right? So that disqualifies him as President. So let it be written, so let it be done!

When it suited him, he got up on his high horse and criticized Obama for taking money when he himself was soaking Freddie and Fannie dry for useless advice.

There's a saying in baseball, when someone has a really good season and it comes down to who is MVP - they go "they could've finished last without him."

You can't be that good if your team goes bust. On the other hand, if Gingrich gets Palin involved I'm in.

Rising in national polls, Republican presidential candidate Newt Gingrich found himself on the defensive Wednesday over huge payments he received over the past decade from the federally backed housing agency Freddie Mac.

Gingrich said he didn't remember exactly how much he was paid, but a former Freddie Mac official said it was at least $1.5 million for consulting contracts stretching from 1999 to 2007. The official spoke on condition of anonymity to discuss a personnel matter.

Speaking with reporters in Iowa, Gingrich said he provided "strategic advice for a long period of time" after he resigned as House speaker following his party's losses in the 1998 elections. He defended Freddie Mac's role and said, "every American should be interested in expanding housing opportunities."

Long unpopular among Republicans, the federally backed mortgage lender has become a focal point of anti-government sentiment because of the housing crisis.

On Tuesday, a House committee voted to strip top executives of Freddie and its larger competitor, Fannie Mae, of huge salaries and bonuses and put them on the same pay scale as federal employees.

In 2008, Gingrich suggested in a Fox News interview that then-presidential candidate Barack Obama should have to return campaign contributions he had received from executives of Freddie Mac and Fannie Mae. He said that in a debate with Obama, GOP presidential nominee John McCain "should have turned and said, 'Senator Obama, are you prepared to give back all the money that Freddie Mac and Fannie Mae gave you?'"

Gingrich sought Wednesday to portray his role as a sign of valuable
[Associated Press]

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