Newt Gingrich: “I have never done any lobbying, every contract that 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, is I said — I said to them at the time: This is a bubble. This insane. This is impossible.”
The wonderful thing about Newt Gingrich is that he cannot resist destroying himself, over and over. During the recent debate he called for Barney Frank and Chris Dodd to be sent to jail for their relations with lobbyists from Freddy Mac and Fannie Mae. The truth is that he was actually a lobbyist, which I guess qualifies him for something worse then jail.
As Mitt Romney rubs his hands in anticipation, one just has to look at the Republican base and ask "really?".
After the debate, the Gingrich campaign put out a statement titled: “The Truth About Newt’s Relationship with Freddie Mac.” Here is the full statement:
Speaker Gingrich’s consulting firm, The Gingrich Group, was retained in 2006 by Freddie Mac. To be clear, Speaker Gingrich did no lobbying of any kind, nor did his firm. 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.How is that not worse? Assuming it wasn't lobbying, which is was by the way, how is getting paid a lot of money to give advice to an organization that imploded not long after a good thing?
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