Here are a few facts about Gingrich and the GSE's.
After being forced
out of the Speakership in 1999 and paying a $300,000 fine for what proved to be
a very minor ethics violation, Newt was offered a consulting job with Freddie
Mac, where he earned 30,000 dollars a month. His job, according to
folks in Freddie Mac, was to work on behalf of the government sponsored
enterprise (GSE) as it deflected attacks from the Right and help
strategize in the face of a very difficult political climate, facing the
mortgage giant. He worked from 1999 to 2002 and, again, from
2006 to 2008.
His memory of
being at Feddie Mac was somewhat different from what I am reporting, but
suffice it to say that he did not serve simply as a "historian" for
that enterprise. . . . . . . he certainly was not an opponent of the two
GSE's.
He sat on a couch
with Nancy Pelosi and argued for a Cap and Trade remedy to man-caused global
warming, but , now, wants that episode in his life dismissed on the
grounds that he acted stupidly.
He supported the
TARP legislation.
He supported an
individual mandate.
He helped create
the Department of Education.
He worked to build
up funding for Planned Parenthood.
While he is
running around claiming the mantel of "Reagan Conservatism,"
well, he has acted inconsistently to that comparison.
There is much to
be said that is good about Newt, but he is far from perfect, and,
at times, far from being the Reagan conservative he proclaims
himself to be.
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