Wednesday, November 16, 2011

Gingrich is such an embarrassment to the USA

Timothy Egan's NY Times article, "Professor of Profits", clearly demonstrates yet again the hypocrisy of Newt Gingrich.  Who can possibly take Gingrich seriously?

"Bloomberg News reported this week that Gingrich made between $1.6 million and $1.8 million for giving additional “advice” to Freddie Mac. ...

This is not just another Gingrich laugher, up there with his revolving Tiffany’s account or his multiple personal hypocrisies. This story encapsulates why Washington is broken and how the powerful protect and enrich themselves, unanchored to basic principles.

At the same time, it’s a case study in the Gingrich method: denounce something as outrageous, while doing that very outrageous thing himself. (Politicians with ties to Freddie Mac came in for scathing Gingrich criticism in 2010.) There is no evidence, as Gingrich claimed last week in a debate, that he offered Freddie Mac a dime’s worth of advice in his capacity as a “historian,” or warned against a surge in subprime lending. To the contrary, former Freddie Mac executives told Bloomberg that Gingrich was brought in to help the agency continue down the very path of its ruination – backing subprime mortgages."  Read more.

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