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Gingrich made big bucks pushing corporate welfare (BIG PHARMA)
Washington Examiner ^ | 11/16/11 | Tom Carney

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 ...


TOPICS: Front Page News; Politics/Elections
KEYWORDS: cronycapitalist; ethanol; ethanolsubsidies; fannie; freddie; gingrich; gingrichgroup; growthenergy; growthenergym; pharma; porkbarrel; subsidies
Newt, your time is up.
1 posted on 11/16/2011 6:54:09 PM PST by Fred
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To: All


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2 posted on 11/16/2011 6:55:49 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Fred

Chop, chop, chop!


3 posted on 11/16/2011 6:56:31 PM PST by thatdewd (I'm tired of watching stupid people do stupid things stupidly.)
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To: Fred

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.


4 posted on 11/16/2011 6:56:36 PM PST by HiTech RedNeck (bloodwashed not whitewashed)
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To: Fred

Hang in, Smokin’ Joe Cain- It’ll be the last man standing.
-:)


5 posted on 11/16/2011 6:57:40 PM PST by VinL (It is better to suffer every wrong, than to consent to wrong.)
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To: thatdewd

Going to get worse.


6 posted on 11/16/2011 6:58:25 PM PST by Fred (no job no house no gas no food no problem Obama 2012)
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To: Fred

Maybe, but look at all that ‘experience’ he got....LOL


7 posted on 11/16/2011 6:58:52 PM PST by sickoflibs (Cain :"My parents didn't raise me to beg the government for other peoples money")
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To: Fred

Ha. Being an ethanol lobbyist should get him votes in Iowa and other Big Corn states. Probably why this is printing now.


8 posted on 11/16/2011 7:01:09 PM PST by WriteOn (Truth)
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To: Fred

9 posted on 11/16/2011 7:01:33 PM PST by South40 (NO RINOS IN 2012!)
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To: Fred

“We eat our own” continues...


10 posted on 11/16/2011 7:02:03 PM PST by Repeal The 17th
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To: Fred

After giving the media a rough time at all the debates, now it is the media’s turn to return the love.


11 posted on 11/16/2011 7:03:19 PM PST by BAW (No Romney.)
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To: Fred

Sounds like he is the poster boy for corruption in Washington.


12 posted on 11/16/2011 7:03:38 PM PST by microgood
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To: microgood

Name a politician who is not been corrupted in one fashion or another....just one.... =.=


13 posted on 11/16/2011 7:05:35 PM PST by cranked
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To: VinL


If you're thinkin like me - Let's drain the swamp in D - C...Go Cain.
14 posted on 11/16/2011 7:06:56 PM PST by Fred (no job no house no gas no food no problem Obama 2012)
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To: Fred
I don't know about that. The reason being, who else is there?

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).

15 posted on 11/16/2011 7:07:35 PM PST by Rational Thought
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To: Repeal The 17th

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.

http://www.freerepublic.com/focus/f-news/2808407/posts?q=1&;page=1


16 posted on 11/16/2011 7:07:35 PM PST by Dubya-M-DeesWent2SyriaStupid!
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To: Fred

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.


17 posted on 11/16/2011 7:08:43 PM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Fred
On a side note, when another several million private sector Americans get their employer health benefits slashed, reduced or completely eliminated, and they will, big pharma will be taking a big hit...

Once the older, well taken care of, near fully insured generation all die off...Well, big pharma stock will hit the skids.

18 posted on 11/16/2011 7:08:54 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Repeal The 17th

>> “We eat our own” continues...

Yeah, it’s #ing annoying.


19 posted on 11/16/2011 7:10:09 PM PST by Gene Eric (Save a pretzel for the gas jet.)
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To: Gene Eric

Best to come back after the primaries.


20 posted on 11/16/2011 7:11:40 PM PST by Fred (no job no house no gas no food no problem Obama 2012)
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To: Farmer Dean

It would sure as hell sit well with me if I could do it!!!


21 posted on 11/16/2011 7:34:07 PM PST by ontap
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To: Fred

So, Gingrich was running a PRIVATE business that hired out to increase other private companies’ chances with the government. Therefore, that means he believed in the goals of the companies he contracted with.

That’s like saying that the Jeffrey Dahmer’s lawyer had to believe like Dahmer did.

Lawyers defend people because that’s their business.
Advocacy companies advocate for other companies because that’s their business.

It’s called: FREE ENTERPRISE.


22 posted on 11/16/2011 7:46:47 PM PST by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: Fred

Like so many who left high government positions, Newt hung around to cash in on his connections and influence. It just that most don’t cash in and then turn around and run for president.

Probably more to come before this chapter is written.


23 posted on 11/16/2011 7:49:15 PM PST by Will88
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Comment #24 Removed by Moderator

To: Farmer Dean; Fred
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.

Is it the amount he was paid? Or was it that as a former Speaker of the House he would have access to legislators?

Once Newt was out of office was he supposed to just go back to GA and retire?

Newt is not my first choice. I don't see anything illegal in him being paid well to represent clients in talking with people who can directly affect their livelihoods. For example, if I'm being prosecuted for a crime and I have the choice of a fresh out of school public defender, or a top notch former prosecutor to represent me I want the former prosecutor.

If we don't want lobbying then push for a flat tax, or national sales tax instead of the tax code we have today.

25 posted on 11/16/2011 8:00:42 PM PST by wmfights (PERRY 2012)
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To: Fred

I can not support this guy. I did like him as Speaker back in the day, but I turned out disappointed. Let him work at a think tank or something.


26 posted on 11/16/2011 8:00:45 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: All

The “Cain Train” continues.........trying to smear every candidate who is not him.

Cain backers mistakenly think his support wanes because of the media. Let me tell ya, folks:

Nobody likes the little brother who roots against all of his older brothers in order to pump himself up. That’s why his numbers have dropped.

I have no use for the “everyone is scum but Herman Cain” crowd and their daily attempts to push liberal smears against accomplished Republicans in the race. Every day for months it has been the same crap. You’re fast running out of people to alienate.

P.S. I’m not supporting your third party push for Herman Cain when the tantrum hits DefCon 5.


27 posted on 11/16/2011 8:06:32 PM PST by TitansAFC (Stop the caINSANITY, The Pizza guy is less qualified than Obama!!! No New taxes!!)
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To: xzins; Fred
Advocacy companies advocate for other companies because that’s their business.

It's a great point! As long as he was not doing anything illegal (giving bribes) why shouldn't he make a living.

28 posted on 11/16/2011 8:07:11 PM PST by wmfights (PERRY 2012)
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To: wmfights; Farmer Dean; Fred

Apparently, Gingrich made about one and a half million bucks over 8 years as a contract consultant with Freddie Mac. Nobody forced Freddie to contract with him.

It was a private business. He was no longer in government. It is roughly 200 grand a year. He makes fairly big bucks.

Some freepers are starting to sound like they believe in Obama’s class envy. They hate, not just the rich, but the upper middle class, too. They hate people who make more money than they do.


29 posted on 11/16/2011 8:12:06 PM PST by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: TitansAFC
Nobody likes the little brother who roots against all of his older brothers in order to pump himself up. That’s why his numbers have dropped.

Great point. I think his decline is caused by that as well as his ignorance of the issues. Newt to his credit has been the opposite. Newt has been supportive of all candidates and does have a good command of the issues.

30 posted on 11/16/2011 8:15:01 PM PST by wmfights (PERRY 2012)
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To: xzins

The problem is that there is more to Newts record than just these things. He is a sitting duck. and, no matter how much you or any of us want to say “Oh, this was a private business” I guarantee the Left will go gangbusters about these things.


31 posted on 11/16/2011 8:15:56 PM PST by chilepup
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To: xzins; Farmer Dean; Fred
Some freepers are starting to sound like they believe in Obama’s class envy. They hate, not just the rich, but the upper middle class, too. They hate people who make more money than they do.

My refrain is always the same, "as long as it was made honestly I don't care".

We should look at this from the perspective of our own lives. What ever it is we do for a living there are things that accrue to our benefit over time and people do business with us because of them. For example, I sold real estate for a long time and I often picked up listings because I worked with a large number of European immigrants and sellers knew this was the market most likely to buy their property. If sellers gravitated to me because of this advantage and I made a lot of money because of it was this somehow evil? NO!

If Newt made a bunch money because he had been in govt for 20 years and was a former Speaker of the House what do I care as long as he did it honestly.

I think where Newt does run into trouble is the times he lined up with the foes of conservatives rather than fighting with conservatives.

32 posted on 11/16/2011 8:31:47 PM PST by wmfights (PERRY 2012)
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To: Fred

And this surprises — WHO!?


33 posted on 11/16/2011 9:17:48 PM PST by patriot preacher
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To: Fred
The drug industry hires well connected people to lobby Washington DC to support their interests? Say it ain't so!! Next thing you'll be telling us is there's politics going on in DC. It's a damned travesty, I tell ya.

It costs hundreds of millions of dollars and more tan 10 years to bring a new drug to market. More than 90% of all compounds never make it out of clinical trials. Looks like "BIG PHARMA" (it is such a joke for anyone to use that term then pretend to support capitalism) needs to find some better connected lobbyist because they sure aren't getting much bang for their buck from the current crop.

Thanks for your time. Now back to your circular firing squad that will ensure we get four more years of hope and change.

34 posted on 11/16/2011 9:20:30 PM PST by Mase (Save me from the people who would save me from myself!)
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To: Rational Thought

What’s even more notable is that there’s no allegation - so far as I can tell - of him doing anythin illegal or unethical. This stuff came from his filings, right?

So what’s the issue?

Hank


35 posted on 11/16/2011 9:35:06 PM PST by County Agent Hank Kimball (Screw it. Newt's the smartest candidate and the guy I want to see debating Obummer. Flame away.)
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To: TitansAFC

Bravo TitansAFC!!! well said


36 posted on 11/16/2011 9:40:17 PM PST by katiedidit1 ("This is one race of people for whom psychoanalysis is of no use whatsoever." the Irish)
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To: Fred
First Michele

Then Perry

Then Cain

Then Newt

All according to plan BWAHHAHAHAHAHAH

37 posted on 11/16/2011 10:00:46 PM PST by Tribune7 (If you demand perfection you will wind up with leftist Democrats)
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To: TitansAFC

Cain is writing these Newt “vetting” articles? Or are you just having a hissy now that’s it time for your guy in the meat grinder lol


38 posted on 11/16/2011 10:44:23 PM PST by over3Owithabrain
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To: xzins
I am most definitely NOT in favor of class envy.I DO not like influence peddling.
39 posted on 11/17/2011 4:26:09 AM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Farmer Dean

“Influence peddling” is indistinguishable from “Expert Consultant”.

So, if I hire a defense attorney who used to work in the District Attorney’s office, then that is unethical...right?

That man has no business being a defense attorney.


40 posted on 11/17/2011 4:59:05 AM PST by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: TitansAFC
Oh so it "a tantrum" to post facts about Newt that are unflattering. A "smear attempt"? What was your fraudulently mixing your own opinion into a posting of an NRO story about Cain, pretending your opinions were part of the NRO story?

I surprised after that transparently sleazy post by you you did not get zotted.

41 posted on 11/17/2011 6:47:05 AM PST by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: over3Owithabrain
You got to understand the Newtbot world

Posting an unflattering but accurate story about Newt is a "smear".

His fraudulently mixing his own opinion into a posting of an NRO story about Cain, pretending his opinions were part of the NRO story is just "good tough vetting".

I surprised after that transparently sleazy post where TitansAFC tried to pass off his emotion based opinions as part of the NRO story that he did not get zotted.

42 posted on 11/17/2011 6:51:03 AM PST by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: katiedidit1
Oh so it "a tantrum" to post facts about Newt that are unflattering. A "smear attempt"?

What was the Newt cheerleader's fraudulently mixing their own opinions into a posting of an NRO story about Cain, pretending their opinions were part of the NRO story?

So spare us the hypocrisy and the whining. You sowed the wind, don't pout now that you are reaping the whirlwind.

43 posted on 11/17/2011 6:53:38 AM PST by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: Repeal The 17th

Odd never heard any complaints about “eating our won” when the Newtbots were busy smearing Cain around here.


44 posted on 11/17/2011 6:54:20 AM PST by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: cranked
Name a politician who is not been corrupted in one fashion or another....just one.... =.=

True, but I was wondering which one of the candidates for President will do the least to contribute to the state Washington is currently in, and it sounds like Newt is more of the problem than the solution.
45 posted on 11/17/2011 7:51:27 AM PST by microgood
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To: MNJohnnie

No whirlwind here. I am supporting Newt all the way. Best man for the job...period.
A few more debates and his poll numbers will go even higher.


46 posted on 11/17/2011 8:50:24 AM PST by katiedidit1 ("This is one race of people for whom psychoanalysis is of no use whatsoever." the Irish)
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To: Tribune7

47 posted on 11/17/2011 8:55:06 AM PST by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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