In the last GOP debate, Newt was asked about a $300,000 payment from Freddie Mac. Newt tried to claim he was a historian for Freddy Mac and not really a lobbyist. He then pointed out the Freddie Mac money went to the Newt Gingrich group, Inc.
Newt's group received between $1.6 t0 $1.8 million during an 8 year period.
That's some big bucks for a historian. Newt's opportunity society was the basis for the Bush ownership society, the federal policy, that ultimately led to the real estate melt down.
Republicans suggest that Fannie Mae and Freddie Mac caused the meltdown and blame two Democrats, Chris Dodd and Barney Frank. Oddly, they never mention Newt Gingrich.
Wikipedia suggests that Fannie Mae and Freddy Mac made the real estate crises worse, but the two organizations did not cause it.
Subscribe to the Rightardia feed: http://feeds.feedburner.com/blogspot/UFPYA
Rightardia by Rightard Whitey of Rightardia is licensed under a Creative Commons Attribution 3.0 Unported License.
Permissions beyond the scope of this license may be available at rightardia@gmail.com.
No comments:
Post a Comment