Skip to comments.Gingrich made big bucks pushing corporate welfare (BIG PHARMA)
Posted on 11/16/2011 6:54:03 PM PST by Fred
Newt Gingrich spent the last decade being paid by big business to convince conservatives to support big-government policies that would profit his clients.
Gingrich's consulting firm racked up $1.6 million in fees from the government-sponsored enterprise Freddie Mac, we learned this week from Bloomberg News. Gingrich's job was to help Freddie Mac win over conservatives to this market-distorting, bubble-fueling, housing-subsidy entity, which is now officially owned by the federal government.
We also know that Growth Energy, an ethanol lobby, paid $312,500 to the Gingrich Group in 2009, according to the group's tax filing. Growth Energy lobbies to preserve many ethanol subsidies and create new ones. Gingrich has consistently supported ethanol subsidies, despite his professed allegiance to the free market.
But there may be much more to Gingrich's advocacy work than has been reported so far. For instance, a former employee of the nation's biggest drug lobby told me Gingrich was being paid by the drug industry during the 2003 debate over the Medicare prescription drug benefit.
(Excerpt) Read more at campaign2012.washingtonexaminer.com ...
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Chop, chop, chop!
Hard to keep your hands out of such a tempting Fig Newt-on cookie jar, isn’t it Mr. Politician?
Sad for Newt to say, with sexual harassment allegations or no Cain looks like an angel compared to this. He’s never been a politician and thus has never committed any political evils like this.
Hang in, Smokin’ Joe Cain- It’ll be the last man standing.
Going to get worse.
Maybe, but look at all that ‘experience’ he got....LOL
Ha. Being an ethanol lobbyist should get him votes in Iowa and other Big Corn states. Probably why this is printing now.
“We eat our own” continues...
After giving the media a rough time at all the debates, now it is the media’s turn to return the love.
Sounds like he is the poster boy for corruption in Washington.
Name a politician who is not been corrupted in one fashion or another....just one.... =.=
I know well all of Gingrich's past. Yet, if this does indeed come down to an election of who's most likely to beat Obama, I can't think of a better bet.
What I do find notable is where the criticisms are mostly coming from the past 48 hours, the Washington Examiner and Bloomberg (news).
Yep...it is ludicrous.It is not primary politics it’s wanting someone that is not running or promoting only ONE and demonizing all others.
That Newt can make as much money in one insider lobbying deal as most people will make in a lifetime doesn’t sit well with a lot of folks out here.
Once the older, well taken care of, near fully insured generation all die off...Well, big pharma stock will hit the skids.
>> We eat our own continues...
Yeah, it’s #ing annoying.
Best to come back after the primaries.