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Newt Gingrich: Only worked one hour a month giving advice to Freddie Mac
Wapo ^ | 111811 | Dan Eggen

Posted on 11/18/2011 8:42:45 PM PST by Fred

Republican presidential candidate Newt Gingrich is stepping up his defense of his lucrative consulting career, in part by arguing that he didn’t do very much to earn all that money.

In an interview late Thursday on Fox News, Gingrich said that he only worked about an hour a month giving advice to Freddie Mac, the quasi-public mortage company that paid him up to $1.8 million in fees.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Politics/Elections
KEYWORDS: cronycapitalist; fannie; feedingatthetrough; freddie; gingrich; onthedole; porkbarrel
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1 posted on 11/18/2011 8:42:48 PM PST by Fred
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To: Fred

So does that make him a “Part-Time DC Hack?


2 posted on 11/18/2011 8:44:35 PM PST by tennmountainman
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To: tennmountainman
Newt's company was paid, sheesh.

Did Buffet invest $10 billion in IBM? No, Berkshire Hathaway did.

yitbos

3 posted on 11/18/2011 8:47:18 PM PST by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: tennmountainman

No Just a garden variety politician.


4 posted on 11/18/2011 8:48:13 PM PST by Lazlo in PA (Now living in a newly minted Red State.)
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To: Fred

Cool...

I like him even more if can earn that kind of dough.

How much does DU pay you to post this crap?


5 posted on 11/18/2011 8:48:47 PM PST by moonhawk (Broken Heart(less) Hobbit for Sarah...Now for Newt)
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To: Fred

Nice work if you can get it.


6 posted on 11/18/2011 8:49:15 PM PST by 2ndDivisionVet (You can't invade the US. There'd be a rifle behind every blade of grass.~Admiral Yamamoto)
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To: tennmountainman
Lets see.. we take $1.6 million divided by 7 (years) equals $228,571.43, next I take this amount and divide by 12 (months in a year) equals $19,047.62, next I divide this amount by 1 hour per month, this equals

$19,047.62 per Hour!

Call me foolish, but I think that is kind of expense for a history lesson.
7 posted on 11/18/2011 8:51:05 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 even want to hear about Newt until they do the same to Obama for hiring Frank Raines after he cooked the books for 5 years. He got hired as an "economic adviser". Johnson from Freddie mac was the same. He found Biden as the VP.

How can advising Freddie for one hour be the same as the guy that ran it into the ground and then cooked the books and lied under oath in House and Senate hearings? I don't know how much Johnson got but Franklin got $90 million.

8 posted on 11/18/2011 8:51:26 PM PST by chuckles
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To: Fred

MSNBC is having a cow over this. The hypocrisy of both Newt and the MSM is hilarious.


9 posted on 11/18/2011 8:53:58 PM PST by ozzymandus
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To: Fred

This is one of those insider sweetheart deals where no real work is required.


10 posted on 11/18/2011 8:57:28 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Fred

How much pay and time spent for said pay does old slick the bent one get for his advice to different entities?


11 posted on 11/18/2011 8:58:44 PM PST by Sea Parrot (%)
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To: GeronL

This is one of those insider sweetheart deals where no real work is required.

The point is that he obviously wasn’t paid for history lessons. What was he being paid for? Sounds like corruption to me even if corrupt lawmakers haven’t made it illegal.


12 posted on 11/18/2011 9:02:34 PM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: freedomfiter2

He was paid to influence GOP Congressman not to dig so deep into Freddie Mac’s problems, see we hired one of you, we aren’t so bad, leave us alone.


13 posted on 11/18/2011 9:04:24 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: GeronL

I would almost rather have 4 more years of Obama than 8 years of another corrupt Chicago style RINO. I did say almost.


14 posted on 11/18/2011 9:07:03 PM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: moonhawk; Fred
It's not uncommon for FReepers to not like Newt and it sure doesn't make them paid DU hacks.
15 posted on 11/18/2011 9:07:46 PM PST by South40 (NO RINOS IN 2012!)
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To: Fred

$19,047.62 per Hour!

I guess that makes him a “Part-Time” DC Hack that makes a lot of money per hour.


16 posted on 11/18/2011 9:12:21 PM PST by tennmountainman
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To: chuckles

How can advising Freddie for one hour be the same as the guy that ran it into the ground and then cooked the books and lied under oath in House and Senate hearings?

It’s kind of like comparing the guy in bed with your wife and the one filming it. Which one is the sleaze?


17 posted on 11/18/2011 9:12:39 PM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: chuckles

All the hacks in DC are ripping us off.


18 posted on 11/18/2011 9:13:18 PM PST by tennmountainman
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To: freedomfiter2

As at least one other poster has mentioned - if we work hard perhaps the senate and the house will be Republican. They would be able to fight an Obama - but would just rubber-stamp anything a president with an “R” after his name might propose.

Plus - electing a RINO only furthers the “only ‘moderates’ can get elected”.


19 posted on 11/18/2011 9:15:03 PM PST by 21twelve ("We can go from boom to bust, from dreams to a bowl of dust....and another lost generation.")
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To: Fred

Nothing different than 95% of our wonderful politicians! So, if you are not going to condemn them all - especially the Democrats that do the same thing (after all, it is legal) then don’t raise such a fuss now during the election.

Yes, it should be stopped, and yes, it is corrupt!

Are you going to throw him out and elect Romney who is just as bad or worse I assure you....


20 posted on 11/18/2011 9:15:39 PM PST by Deagle
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To: chuckles

Has the LSM investigated old slick the bent one to determine what he gets paid and time spent for said pay for advice to different entities?


21 posted on 11/18/2011 9:15:50 PM PST by Sea Parrot (%)
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To: Fred

As long as that money didn’t come from the taxpayers, then I have no problem.


22 posted on 11/18/2011 9:16:45 PM PST by dfwgator (I stand with Herman Cain.)
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To: 21twelve

All good points. We have the most influence over congressmen so that needs to be our main focus. We need all three branches to roll back the beast but we need to hold ground when that’s the best we can do. I believe Obama is going to be a weak candidate like Carter was and this may be the best chance for a conservative President for a long time ahead. I hate to see this opportunity squandered.


23 posted on 11/18/2011 9:22:31 PM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: South40

Doesn’t mean they’re not, either. Anyway, I was just responding in the spirit of the day around here.


24 posted on 11/18/2011 9:23:45 PM PST by moonhawk (Broken Heart(less) Hobbit for Sarah...Now for Newt)
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To: 21twelve

As at least one other poster has mentioned - if we work hard perhaps the senate and the house will be Republican

The poster who said this must have a short memory.

We had all three branches of Govt and rubber stamping is all
we got. And if by chance, they don’t rubber stamp, u will have that system clogging bunch, the 14 Gangsters raise their ugly heads again. An endless cycle.


25 posted on 11/18/2011 9:26:22 PM PST by tennmountainman
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To: Fred

Newt is as insider as you will get. You will not notice
any changes in your interaction with the government.
Santorum will be about the same as Newt.

With Bachmann, Cain, Perry, Paul & Johnson you will notice
significant change.

With Huntsman & Romney there will be small changes.


26 posted on 11/18/2011 9:26:22 PM PST by federal__reserve (What matters in 2012 is jobs, jobs, jobs! Jobs kill unemployment, foreclosures & deficits)
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To: Fred

This is just total BS! Just because he mentioned the rep from FMFM came bye once a month, does not mean that was the only time he worked issues for them. Has anyone asked why the media is so hell bent on Newt’s salary vs the Obama admin approving millions in bonuses for FMFM managers who continually run a balance sheet red! Tell me the media is not in the tank with liberally democrats and I’ll say BS!


27 posted on 11/18/2011 9:26:43 PM PST by 7thOF7th (Righteousness is our cause and justice will prevail!)
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To: Fred

This is just total BS! Just because he mentioned the rep from FMFM came bye once a month, does not mean that was the only time he worked issues for them. Has anyone asked why the media is so hell bent on Newt’s salary vs the Obama admin approving millions in bonuses for FMFM managers who continually run a balance sheet red! Tell me the media is not in the tank with liberal democrats and I’ll say BS!


28 posted on 11/18/2011 9:27:16 PM PST by 7thOF7th (Righteousness is our cause and justice will prevail!)
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To: Fred

The democrats have thrown 4 trillion which is 4 MILLION MILLION dollars down a black hole..
And Newt is pilloried for trying to get some of it???

They have pigeon holed ALL info on where those bucks went..
EXCEPT..... for the paltry sum Newt got..

Something seems wrong here...
Wonder how many democrats benefited for this windfall?..
We might never know..


29 posted on 11/18/2011 9:27:32 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: Fred

Good for him


30 posted on 11/18/2011 9:28:28 PM PST by italianquaker ( Mr Obama inherited an AAA rating and made it AA, thnx Resident Zero)
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To: moonhawk; Fred
Doesn’t mean they’re not, either.

Actually, it does. Fred has been a member of FR since 1997. Suggesting he is a paid DU hack is tantamount to saying the proprietors of FR aren't smart enough to know that a DU infiltrator has gotten by their defenses for 14 years. At minimum it's an insult. At worst it's a lie. And given that I really don't think you believe it -- well...

31 posted on 11/18/2011 9:29:28 PM PST by South40 (NO RINOS IN 2012!)
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To: GeronL
He was paid to influence GOP Congressman not to dig so deep into Freddie Mac’s problems, see we hired one of you, we aren’t so bad, leave us alone.

You are correct.

Until Newt comes clean and admits this is just business as usual, this is how it works in Washington, he's just another lying, slimy DC pol. He likes to come off as so incorruptible, honest and intelligent. Now's the time to come clean and lay it out there for all to see. It's a perfect time what with the 60 minutes Congresspeople insider trading segment.

Yes, they all do it, that's why they will spend $20 million to get a $200,000/yr job. Come on Newt, man up and tell everyone the dirty little secret instead of bombarding us with words. I swear, I'd vote for him in a second if he would only just be completely honest. But it will never happen.

32 posted on 11/18/2011 9:31:19 PM PST by Auntie Mame (Fear not tomorrow. God is already there.)
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To: tennmountainman

You seem to NOT realize that things have changed in the last decade or so..for the worse!

This time, the Tea Party will insure that these newly elected folks will adhere to a stricter program than in the past. Things change and the changes that are coming are either going to save up or destroy us!

Do NOT compare the upcoming elections with the past! The future of America now depends on the actions of the voters.


33 posted on 11/18/2011 9:31:22 PM PST by Deagle
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To: Fred

“Call me foolish, but I think that is kind of expense for a history lesson.”

Didn’t Obama’s former right hand man, Rahmbo, once work for Freddie or Fannie? I seem to recall that he made several million bucks for about 5 months work. How much is that per hour, Fred? You’re pretty slick with math. Is that also expense, Fred?


34 posted on 11/18/2011 9:33:26 PM PST by Rembrandt (.. AND the donkey you rode in on.)
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To: Fred

$19,047.62 per Hour!
___________________________________________

And whom among us would turn that down?

At least we know how he could pay for a nice home.

How did Hussein pay for his Chicago digs.


35 posted on 11/18/2011 9:33:57 PM PST by o-n-money
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To: Deagle

You seem to NOT realize that things have changed in the last decade or so..for the worse!

They have changed for the worse because of the hacks on both sides have spend like drunken sailors for decades.

We are reaping what decades of out of control spending has sowed. I get it quite well.


36 posted on 11/18/2011 9:36:23 PM PST by tennmountainman
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To: All
FRIDAY NIGHT AT FREE REPUBLIC!

KEEP OUR LIGHTS ON!

Please Donate!!

FReepathon Day 49!!


37 posted on 11/18/2011 9:39:00 PM PST by onyx (PLEASE SUPPORT FREE REPUBLIC BY DONATING NOW! Sarah's New Ping List - tell me if you want on it.)
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To: Auntie Mame

There were actual threads on this site yesterday about how he has had a religious conversion and we can trust him!

But he still won’t come clean.

lol


38 posted on 11/18/2011 9:40:34 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: tennmountainman

Absolutely! All of this should not only be illegal but penalized - criminal justice!

The only problem I have is bring it up now during the election when probably the Democrats are far worse offenders.

Now if we could just elect people of decency, this would be not only against the law but would provide for criminal penalties...but don’t expect Congress to pass any laws that pertain to them...geez.


39 posted on 11/18/2011 9:41:17 PM PST by Deagle
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To: chuckles
Raines was hired by clintoon and bush left him in the office for a long time and then mel martinze took over. He got as rich as raines. At the same time newt was milking the place as well. When the republicans lost the house in 2008 newt lost his gravey train . Influence peddling pays well.
40 posted on 11/18/2011 9:42:22 PM PST by org.whodat (Just another heartless American, hated by "AMNESTY" Perry and his fellow demorats.)
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To: hosepipe

This was before tarp, newt supported tarp as well. Do not know who was paying him then, but probably someone from wall street. I am sure we will finds out.


41 posted on 11/18/2011 9:48:11 PM PST by org.whodat (Just another heartless American, hated by "AMNESTY" Perry and his fellow demorats.)
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To: o-n-money

With support like that waste, fraud and abuse in government will live on forever. What do we bother, hell let the good times roll.


42 posted on 11/18/2011 9:51:10 PM PST by org.whodat (Just another heartless American, hated by "AMNESTY" Perry and his fellow demorats.)
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To: GeronL
He was paid to influence GOP Congressman not to dig so deep into Freddie Mac’s problems, see we hired one of you, we aren’t so bad, leave us alone.

This is the real issue. Its not how much he was paid but what he was paid to do. It seems like Newt was paid to promote liberal causes that undermined the economy and eroded our liberty.

But anyway, who cares, it was legal./s

43 posted on 11/18/2011 9:52:47 PM PST by Tramonto (9 9 9)
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To: org.whodat

George Bush support Tarp as well..
Do they both get pilloried?..

Paint Newt(black) you must paint the Shrub as well..


44 posted on 11/18/2011 9:52:59 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: Fred

It is interesting how each candidate is ignored until he or she rises to the top in the polls, and then the shootout begins.

I don’t see Romney as getting the full-on attack. He has had negative press, but nothing like the complete focus Cain and now Newt have had. But since his getting the nomination is ‘inevitable’ I guess they’re saving it all for when he goes up against Dear Leader.

The best-laid plans...


45 posted on 11/18/2011 9:53:28 PM PST by Darkwolf377 (Obama: The stupid person`s idea of a smart person.)
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To: Fred
.

.

.

46 posted on 11/18/2011 10:07:28 PM PST by Cobra64 (Common sense isn't common anymore.)
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To: hosepipe
Anyone that supported tarp should. What I do not get is why throwing tax payers money away is ok if it has an R next to it, but is wrong if it has a D next to it. Let's try the old stealing from the tax payer is wrong, no matter what party.
47 posted on 11/18/2011 10:14:09 PM PST by org.whodat (Just another heartless American, hated by "AMNESTY" Perry and his fellow demorats.)
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To: Fred

No wonder he is being dubbed Newtie Kazootie.

He is a dummy for the highest bidder, and an extortionate one if he really did only work one hour a month for Freddie Mac

For a pol voted out of office, charging somewhere in the area of one megabuck per hour makes Obama’s gang appear to be chump change oriented amateurs.

Oh, wait, they are.


48 posted on 11/18/2011 10:19:02 PM PST by GladesGuru (In a society predicated upon freedom, it is necessary to examine principles."...the public interest)
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To: tennmountainman
So does that make him a “Part-Time DC Hack?

Hahaha!
49 posted on 11/18/2011 10:20:46 PM PST by Thorliveshere
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To: org.whodat

[ Let’s try the old stealing from the tax payer is wrong, no matter what party. ]

So you imply that the entire democrat party should be arrested?..
The democrat party was, is now, and always will be a Criminal Enterprise..

Its true some republicans are ex-democrats.. and still carry “the Disease”..
Democracy is a political disease.. socialism is merely a symptom..


Democracy is the road to socialism. -Karl Marx

Democracy is indispensable to socialism. The goal of socialism is communism. -V.I. Lenin

The meaning of peace is the absence of opposition to socialism .-Karl Marx


50 posted on 11/18/2011 10:22:27 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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