Posted on 11/29/2011 9:52:29 AM PST by pgkdan
Will do at least, ‘one’ of those/lol. Promise. That said; you are passionate about Perry candidacy. I am equally so; but for different reason; and for a different candidate.
Will do at least, ‘one’ of those/lol. Promise. That said; you are passionate about Perry candidacy. I am equally so; but for different reason; and for a different candidate.
I didn't say it was illegal, but I do thing it's corrupt. He's going on Fox once a week talking out of one side of mouth and then lobbying for the Individual Mandate and Freddie and Fannie, to the tune of millions while no one is paying attention. That's the epitome of Inseide The Beltway cronyism. Newt has ALWAYS had a moral weakness when it comes to enriching himself. Always.
thing should THINK...sheesh! Where's my coffee?
Meantime; I hold to Newt's explanation; that the MSM perfers to distort so as to suit their agenda. (And BTW; $300,000 dollars is NOT a huge contract. . .nor again; illegal; nor corrupt; for legitimate services rendered.) And for advice; albeit not taken; the waste was on Fannie/Freddie side. They clearly preferred the advice from the Democrat Consultants as following read reveals.
background from MSNBC interview:
*** Gingrich was one of many former lawmakers and government officials to be hired by Freddie Mac and Fannie Mae. Gingrich’s former chief of staff Arne Christenson also became vice president for regulatory affairs at Fannie Mae.
During the CNBC debate Wednesday, a debate panelist asked Gingrich, “Your firm was paid $300,000 by Freddie Mac in 2006. What did you do for that money?”
Gingrich answered, “I offer them advice on precisely what they didn’t do.”
The panelist followed up, “Were you not trying to help Freddie Mac fend off the effort by the Bush administration and the – to curb Freddie Mac.” Gingrich answered, “I have never done any lobbying. Every contract was written during the period when I was out of the office, specifically said I would do no lobbying, and I offered advice.
“And my advice as a historian, when they walked in and said to me, ‘We are now making loans to people who have no credit history and have no record of paying back anything, but that's what the government wants us to do,’ as I said to them at the time, this is a bubble. This is insane. This is impossible,” Gingrich said.
“It turned out, unfortunately, I was right, and the people who were doing exactly what Congresswoman [Michele] Bachmann talked about were wrong. And I think it’s a good case for breaking up Fannie Mae and Freddie Mac and getting much smaller institutions back into the private sector to be competitive and to be responsible for their behavior,” he added.
Freddie Mac retained the Gingrich Group in 2006, according to a campaign statement released on Nov. 9.
“To be clear, Speaker Gingrich did no lobbying of any kind, nor did his firm,” the campaign statement said. “This was expressly written into the Gingrich Group contracts. Instead, the Gingrich Group was hired to offer strategic advice to Freddie Mac on a number of issues.
“Speaker Gingrich has always believed that America should have programs to help low-income people acquire the ability to buy homes,” the statement said. “However, as a conservative, he also believed they have to be within a context of learning how to budget and save which makes it possible for the poor to afford what they were purchasing.
“Therefore, on numerous occasions in meetings with Freddie Mac, Speaker Gingrich advised that a business model that involved lending money to people with bad credit and no money down was unsustainable and a bubble, and that it was dangerous to buy securities made up of these mortgages,” the statement said.
Freddie Mac hired 52 political consulting and lobbying firms in 2006 and has paid other former government officials and their firms, according to the Associated Press. This includes $240,000 to former Sen. Alfonse D’Amato (R-N.Y.) at Park Strategies; $360,297 to former Rep. Vin Web (R-Minn.) of Clark & Weinstock; $300,000 to former Rep. Susan Molinari (R-N.Y.) of the Washington Group, $240,790 to Susan Hirschman of Williams & Jensen.
Fannie Mae has also hired powerful government officials, such as Franklin D. Raines as CEO, the former budget director for President Clinton. Also, former Clinton administration Deputy Attorney General Jamie Gorelick became the vice chair of Fannie Mae.
In 2001, Christenson wrote an op-ed in The Washington Times defending Fannie Mae from previous criticism in the newspaper.
“Fannie Mae stands ready to supply funds for mortgages in all markets and at all times,” Christenson wrote in the Feb. 18, 2001 op-ed. “In doing so; it has changed the housing market from being one of the most volatile to one of the most settled sectors of the economy.”
The op-ed continues, “In the second half of 1998, for instance, credit in many markets become tight – if it was available at all – following financial upheaval in Russia and Asia. While others faced crisis, American homebuyers hardly noticed because Fannie Mae (along with Freddie Mac) was able to supply a sustaining amount of credit in the mortgage market.”
***By 2008, Gingrich expressed disgust with corporate bailouts that included Fannie Mae and Freddie Mac.
“You can’t be for capitalism on the way up and socialism on the way down, and you can’t be for a welfare state for the rich,” Gingrich was quoted in The Washington Times on Sept. 22, 2008. “The entire policy from economy is healthy, but Washington and Wall Street are sick. The politicians here would like to change America to be more like Washington, but we need to change Washington to be like the rest of America.” ***
The Gingrich campaign statement said the former speaker’s consulting firm offered advice on how Freddie Mac could lower health care costs and how to reach out to more conservatives.
“In addition, Freddie Mac was interested in advice on how to reach out to more conservatives,” the campaign statement said. “The Gingrich Group stressed that Freddie Mac must be open to reform of their lending practices but that by stressing the historical success of public-private partnerships in achieving public goods at a minimum of taxpayer money and bureaucracy.
This is exactly the kind of corruption that has given us the mess we're in now! And it wasn't $300K as Newt was saying. It was closer to a million. And what about the 37 million his firm was paid to push the individual mandate?
Newt is the epitome of what's wrong with DC.
He earned this money; not by fees charged to Freddie; but in his 'for profit' Company. And given that he 'was' Newt's company; was he not supposed to be available to those who invested; and paid for consulting fees 'by Newt'. And these fees had nothing to do with 'pushing the mandate'.
The author of this article thinks he doing a 'gotcha' on Newt; when in fact; the entire impetus only reveals this writers ignorance. He dismisses Newt's experience by referencing him as no more than a 'House Historian' taking advantage; reaping ill-gotten monies; when in fact, Newt has been involved in Health Care since his Congressional days. He was the only man in Washington who actually knew and understood the problems that so challenged our health care system; and who had a 'working knowledge' so as to come up with some workable solutions. He worked often with Health Care providers/Advisors across the country trying to solve problems.
The bond; that Newt recommended was a bane to a number of Conservatives; albeit the 'MO' seemed to take on different meanings; per one's perspective. Not all were resistant; however.
The 'bond concept' was; in fact, endorsed by the Heritage Foundation. Of course; some fine tuning has taken place as we now move through the current 'morass' per Obamacare. Newt's plans for healhcare; still invites critics; but it is a different world than what Obama offers.
Newt believes in; and supports the individual; the same person, Obama and the Left; find absolutley expendable. From net: [A think tank founded by GOP presidential candidate Newt Gingrich collected at least $37 million over the past eight years from major health-care companies and industry groups, offering special access to the former House speaker and other perks, according to records and interviews.
The Center for Health Transformation, which opened in 2003, brought in dues of as much as $200,000 per year from insurers and other health-care firms, offering some of them “access to Newt Gingrich” and “direct Newt interaction,” according to promotional materials. The biggest funders, including firms such as AstraZeneca, Blue Cross Blue Shield and Novo Nordisk, were also eligible to receive discounts on “products and workshops” from other Gingrich groups.]
Personally; see nothing corrupt per above MO. As for Newt's 'mandate'; he wants everyone to have some 'skin the game' lest it become abused. We certainly see that now; with people using Emergency Room services for a cold; or to get a written excuse to miss work - but not a pay check. It's 'free'; they imagine. . . Obamacare, of course; invites even more abuse; while promising an abusive response from health care providers by way of rationing et al.
HuffPo reported as well; that [Ed Haislmaier, a health care policy expert at the Heritage Foundation (the Conservative think tank that first championed the mandate), said he did not have enough information to comment on Gingrich's past approach to health care reform. Haislmaier did, however, note that there is a distinction between taxing individuals for not buying insurance and requiring them to post a bond, as Gingrich proposed. While the former is a penalty for not getting coverage, "what [the latter] is saying is you have to pay your bills if you get care," he said.
Gingrich is against 'Federal control of your healthcare'. He believes in; and supports the individual. His health care proposals are impressive if you read them at his site. In a nutshell; they are offered here. And they spring from a different well; than those of Obamacare.
Don't agree with them all? Welcome. But 'overall' fairly decent proposals. . .and better, perhaps; than anything thus offered from Repubs. . .
from Newt.org some thoughts from Newt:
Rampant Medicaid/Medicare fraud: stop paying the crooks. (Jul 2011)
If you mandate healthcare, you mandate everything in life. (Jun 2011)
House GOP Medicare plan was right-wing social engineering. (Jun 2011)
Repeal ObamaCare; sign tort reform instead. (Feb 2011)
21st-century personalized intelligent health system. (Dec 2007)
Focus on health as a moral issue. (Dec 2007)
Medicare opt-in to private health savings accounts. (Dec 2006)
Focus 21st Century Intelligent Health System on individuals. (Dec 2006)
Market competition yields more health choice at lower prices. (Dec 2006)
1994: Declined gov't insurance but gov't paid 75% anyway. (Nov 2003)
Save dollars and save lives--so transform urgently. (Sep 2003)
System broken due to “perfect storm” of converging problems. (Sep 2003)
Tax credits for developing technology for disabilities. (Sep 2003)
Re-focus Medicare on preventive health instead of sickness. (Sep 2003)
Market dynamics can save healthcare, not government control. (Sep 2003)
Focus on prevention; would save $14B with diabetes. (Jul 1998)
(fight)Ongoing battle against liberals nationalizing healthcare. (Jul 1998)
Too much reform puts 1/7 of US economy at risk. (Jun 1995) Defund, repeal, & replace federal care with free market. (Jul 2010)
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