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Reports

New ‘Mature’ Newt Is Just Same Old Gingrich

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Posted on Nov 16, 2011
Gage Skidmore (CC-BY-SA)

By Joe Conason

Very few politicians have provided as much villainous entertainment over the years as Newt Gingrich, who now assures everyone that he has “matured” since his brief and tumultuous reign on Capitol Hill.

While the former speaker may at last have settled into a third marriage, there is no sign of improvement in his character. He is rising in current polls because Mitt Romney repels many Republicans and he is the last alternative. But Gingrich’s most recent debate performance revealed the same brazen dissembler whose flaws proved ruinous to him and—were he to win the nomination—would be disastrous for his party. On Nov. 9, with millions watching, he uttered a bald lie that revived memories of his most embarrassing moments in Washington.

The moment of truth—or more accurately, falsehood—came when CNBC’s John Harwood noted that back in 2006, Gingrich was paid $300,000 by Freddie Mac, the gigantic federally backed housing financier. “What did you do for that money?” asked Harwood, while attempting to suggest that Gingrich sought to “fend off” stricter regulation of Freddie Mac and its sister company, Fannie Mae, by officials in the Bush administration and the Federal Reserve worried about the firms’ inflated $5 trillion in mortgage securities.

“I offered them advice on precisely what they didn’t do,” replied Gingrich, who went on to claim that “as a historian,” he had warned the Freddie Mac officials who hired him that their lending practices were causing “a bubble” that was “insane” and “impossible.” He was not a lobbyist, he proclaimed, but a prophet: “It turned out, unfortunately, that I was right. ... 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.”

The transcript shows that after Gingrich pronounced those closing conservative buzzwords—“private sector,” “competitive,” “responsible”—the audience applauded.

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All politicians lie, but Gingrich specializes in this brand of self-puffing fantasy. The actual history of his employment by Freddie Mac, as excavated first by reporters at the Associated Press and more recently at Bloomberg News, is far less flattering to the former speaker than his own dramatic account. According to stories published by both news services since the debate, Freddie Mac hired Gingrich precisely to head off stronger regulation by arguing to Republicans that the mortgage firm had demonstrated the benefits of private-public partnerships.

The executives who dealt with Gingrich remember no brisk lectures from the former history professor about their risky “bubble.” Instead, he attended strategy sessions at Freddie Mac’s Washington offices—and failed to live up to their hope that he would provide useful advice or written materials defending their business. As a congressman from Georgia, he promoted the same lending to low- and moderate-income homeowners that he now denounces so bitterly, and got on the Freddie Mac sugar teat in 1999, within a year after resigning his congressional seat in disgrace. Indeed, today Bloomberg reports that Gingrich stuffed his bulging pockets with as much as $1.8 million in Freddie Mac consulting fees between 1999 and 2007.

Confronted with the Freddie Mac denials this week, a Gingrich spokesman had the gall to cite a “confidentiality clause” in his 2006 contract that prohibits him from discussing his work for them. Evidently that clause only forbids him from telling the truth about the consulting deal, while leaving him free to invent a version that portrays him as prescient and honest.

Gingrich’s conduct may not trouble the pork-choppers in the Republican hierarchy, who punted him as speaker only when he became a political liability after the Bill Clinton impeachment fiasco. But it ought to infuriate the tea party faction, which supposedly despises Washington insiders feeding off the public-private teat, as Gingrich obviously did. He says that every contract he has signed since leaving Congress stipulates that he isn’t a lobbyist—but many more questions might now be asked about the specifics of his “non-lobbying” business as an agent of influence for those who could pay his exorbitant fee.

As Salon.com’s Joan Walsh so wittily put it, even Newt’s baggage has baggage. His crude mistreatment of his first two wives makes Herman Cain look chivalrous; his flip-flopping on climate change and health care makes Mitt Romney look consistent; his anti-Muslim extremism (almost) makes Michele Bachmann sound tolerant; and his record as the first and only speaker ever to be punished by the House Ethics Committee makes Rick Perry appear virtuous. That momentary lead in primary polls may make Democrats wishful and hopeful, but this sequel to his failed career is more likely to end in farce—just like the original.


Joe Conason is the editor in chief of NationalMemo.com.

© 2011 Creators.com


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By Silverbullet, December 16, 2011 at 11:24 am Link to this comment
(Unregistered commenter)

Newt, owner of over EIGHTY ethics complaints in Congress. Has to be the all time record!
Rather than stand tall and fight, he resigned right after being reelected.
This is not the kind of leader anyone would want.  And can we forget his harem? The only ones we know about are the ones he was caught with.
What could the voters be thinking? Maybe we should only let those people vote who know the history of all the candidates.

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By SteveL, November 23, 2011 at 9:33 pm Link to this comment

Boss Newt Gangrene going after 13 year olds?  That did not inherit enough
money?  How stinking decent!  Now they can clean the toilets?

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By Beltwaylaid, November 20, 2011 at 7:21 pm Link to this comment
(Unregistered commenter)

Newt LeRoy is the poster child for everything that is wrong with our political fiasco we call governance.

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By greg_2, November 20, 2011 at 6:39 pm Link to this comment

“Somebody said he’s a stupid man’s idea of what a smart person sounds like.”—Paul Krugman on Newt Gingrich


http://www.huffingtonpost.com/2011/11/19/newt-gingrich-business-_n_1102742.html

Speaking to students at Harvard’s Kennedy School Friday night, he criticized the consulting industry he was part of for years: “What’s happened is we’ve grown a consulting industry, so that instead of having the old-time big city machine bosses, we now have these consultants,” he said.

[He says later…]

They were “Gingrich group’s earnings, not my earnings,” he said. “Over a period of years, Freddie Mac paid Gingrich group, which has a number of employees and a number of offices, a consulting fee just like you would pay any other consulting firm.”

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By Brett Cottrell, November 20, 2011 at 6:48 am Link to this comment
(Unregistered commenter)

Newtron’s Bombs: We need to return to traditional religion.  Does this mean that I have to sacrifice a bull today?  ‘Cause I’m fresh out of sacrificin’ bulls.

http://brettcottrell.blogspot.com/2011/11/newts-traditional-relgion.html

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By SteveL, November 19, 2011 at 11:32 am Link to this comment

Questions for Newt that need asking:  How does he like his congressional pension
and health care?  How is “big government” bad now when as Speaker of the House
he made his district the pork capital of the nation?

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By omop, November 18, 2011 at 3:00 pm Link to this comment

Newt as “The Facilitator.” Would probably earn a few dollars fo hisself and
the present misses. Some say it all started when he and Tom De Lay
“facilitated” the citizenship process to enable Rupert Murdoch own FOX tv.

Based on what news reports state about the “Mature Newt” and Freddie
Mae the tile still holds.

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oddsox's avatar

By oddsox, November 18, 2011 at 1:37 pm Link to this comment

Whether Gingrich is lying about his “lobbyist” actions or not, when he says “I think (there’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’s spot on.

Too big to fail is too big to begin with!

http://open.salon.com/blog/oddsox/2011/10/10/too_big_to_fail_too_big_to_begin_with

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By mapol, November 18, 2011 at 5:08 am Link to this comment

Of course, Newt Gingrich is the same old Newt!  What else do people really
expect?!?

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BR549's avatar

By BR549, November 17, 2011 at 7:04 pm Link to this comment

Queenie, November 17 at 7:35 pm
“I’ve coughed up better looking hairballs than this slimy bastard.”

With all the voter disgust, the politicians are STILL avoiding discussing how to get this country back on track with its own Constitution.
They just don’t want to discuss it. Or, better put, they’ve been instructed by their handlers NOT to discuss it. They’ve created so many band-aids to their recurring Constitution perverting legislation, that the patient is smothering under all the bandages ...... and yet they keep doing the same thing, ad nauseam. Save for a very few brave souls, they keep authorizing legislation like the Patriot Act and avoid public discussions that would help to inform their constituency of the corporatist takeover of America.

Who are the REAL terrorists here?

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Queenie's avatar

By Queenie, November 17, 2011 at 6:35 pm Link to this comment

I’ve coughed up better looking hairballs than this slimy bastard.

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BR549's avatar

By BR549, November 17, 2011 at 4:12 pm Link to this comment

Payson, November 17 at 10:28 am
“I do, however, worry that the endless and rapidly changing polls are convincing politically fatigued Americans to forfeit their own
analysis of political candidates in favor of media-controlled “mood boards” of mythical results.”

But why would “their own analysis of political candidates” be any different today than it was in the past? Particularly during the last several decades, the media has been so manipulating and the public so manipulated that the average voter sits comfortably back in his BarcoLounger with the belief that at least “his” politicians are all virtuous.

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By drbhelthi, November 17, 2011 at 1:04 pm Link to this comment

It is obvious to me that Mr. Gingrich has matured.  However, his “maturation” requires a bit of explanation.  What he did for many years with sophomoric aggressiveness, he now does with relaxed self-confidence. 

His current deportment suggests that he now feels that he is a firm member of the current USGOV establishment, and cannot be removed.  In other words, he is now a self-confirmed traitor to the U.S. of America.

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By ribbie149, November 17, 2011 at 10:07 am Link to this comment

The fact that Gingrich is even in the conversation is
evidence of how bankrupt the Republican’t Party is.

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anaman51's avatar

By anaman51, November 17, 2011 at 9:36 am Link to this comment

This is the same scheming, lying, two-faced, Machiavellian son of a bitch that oozed out from under a rock to put out the Contract On America. He’s the same creeping scum that started the cuts to state funding that are now killing programs and hurting people across this nation, and if he gets into the Presidency, he’s going to do it again. This man has no soul, having long since sold it to those who pull the strings in the GOP. He will do exactly as he is told by his masters, which mostly concerns steering even more taxpayer money into the already overflowing coffers of America’s richest one percent. Tell these greedy bastards it’s not their country to run like one of their factories, where the laborers die young and poor, and only one elite family profits extensively from their labors. Send this jerk home cryin’.

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Payson's avatar

By Payson, November 17, 2011 at 9:28 am Link to this comment

“Rising in current polls.”  My goodness, if I had a dollar for every time that
sentence was used for one of the current Republican presidential candidates I
would have tremendous wealth and lower taxes.  Who are they polling?  Newt
has been a joke and dismissed as a hypocritical kook for years.  Republican
leaders wheel him out when they need some verbal grenades thrown at the
opposition that are touted as coming from the “most intelligent Republican
thinker.”  Newt uses his ten dollar words and sweeping pronouncements to
further his delusions of grandeur, but William F. Buckley he isn’t.  Intelligent? 
Perhaps.  Crafty?  Oh, yes.  Though anyone who runs for national office suffers
from some level of egomania, Newt, the serial adulterer and ethics violator, 
should win a genius grant for his shameless self-promotion as a family values
warrior and savior of America.
I’m not worried about Newt.  I do, however, worry that the endless and rapidly
changing polls are convincing politically fatigued Americans to forfeit their own
analysis of political candidates in favor of media-controlled “mood boards” of
mythical results.

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EmileZ's avatar

By EmileZ, November 17, 2011 at 7:02 am Link to this comment

@ BR549

You really know how to get my goat.

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BR549's avatar

By BR549, November 17, 2011 at 6:35 am Link to this comment

If Newt was so sure that he had “matured” in that regard, perhaps that maturation process would also included him understanding and embracing the wisdom in our Constitution and WHY it was constructed the way it was. Perhaps he might even have bothered to read the still wise words of Judge Abel Upshur from the early 1800’s. Upshur went on to become Secretary of the Navy and then Secretary of State. This man, a “staunch conservative” (Newt did you hear that?), understood exactly what the Resolutions of 1798 and 1799 did in explaining the Bill of Rights. If Newt claims to be a staunch conservative but still hasn’t embraced Upshur, just how much has Newt matured?

Unfortunately, too many people, indeed too many politicians view the Constitution as some archaic document that has outlived its purpose. The truth is that we have yet, as a culture, to live up to, or into, the wisdom that went into it. Put another way, we have not yet matured enough, as a society, to even begin to question it. Instead, we are like a six year old who thinks he knows how to drive Daddy’s Corvette simply because he knows how to turn the car keys, completely disregarding any responsibility that goes along with that action. THAT is level our country and most countries, actually, are at.
If Newt embraced THAT, i.e. our Constitution, perhaps he would find that move to be politically unpopular with his brethren, particularly since the majority of them are too busy jumping on the globalist bandwagon, selling our country down the tubes, and sidestepping any loyalty to it even though they took an oath to uphold it. So much for integrity. And Newt, as a history major, should know better. It isn’t like his background had him coming from the same pathetic pool of ambulance chasers that we see in our Congress and judiciary.

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By James M. Martin, November 17, 2011 at 5:48 am Link to this comment

Yes, Joe, and to top it all off, he is the most repulsive looking slug of all the candidates.  He makes me puke.

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EmileZ's avatar

By EmileZ, November 17, 2011 at 1:42 am Link to this comment

@ emily jane squires

I think Romney is the inevitable candidate.

I also boldly predict that Obama will win anyhow in spite of recent polls showing him as having a slight disadvantage. Nate Silver be damned. This is a fiasco, a drama.

Ron Paul will probably never have a turn as potential republican frontrunner.

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By emily jane squires, November 17, 2011 at 1:11 am Link to this comment

I’m not sure Romney is the last alternative…ignore Ron Paul , but his very strong and numerous grassroots loyalists seem to make him a very possible contender.

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EmileZ's avatar

By EmileZ, November 17, 2011 at 12:23 am Link to this comment

There is a very funny cartoon by Tom Tomorrow I saw on Truthout (I like Truthdig better) called “Not Mitt Romney”

http://www.truth-out.org/not-mitt-romney/1321457337

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EmileZ's avatar

By EmileZ, November 17, 2011 at 12:22 am Link to this comment

There is a very funny cartoon by Tom Tomorrow I saw on Truthout called “Not Mitt Romney”.

http://www.truth-out.org/not-mitt-romney/1321457337

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