Gingrich's $1.8 million consulting fee

Discussion in 'Politics' started by Sundial, Dec 11, 2011.

  1. Sundial
    Offline

    Sundial Class Warrior

    Joined:
    Aug 1, 2011
    Messages:
    1,231
    Thanks Received:
    106
    Trophy Points:
    48
    Ratings:
    +106
    Newt Gingrich to Release Freddie Mac Records, Denies Lobbying - ABC News

    Earlier Newt said it was for his services as a historian. More recently he's said it was for "strategic advice". (What strategy were they following?) The fee was "relatively standard," he says, "for Washington".

    Does anybody believe any of this? Is Newt just flat-out lying?
     
  2. RetiredGySgt
    Offline

    RetiredGySgt Platinum Member

    Joined:
    May 6, 2007
    Messages:
    39,568
    Thanks Received:
    5,902
    Trophy Points:
    1,140
    Location:
    North Carolina
    Ratings:
    +8,985
    Wanna d a little research on Democrats getting fees for the same thing? Well of course you don't )
     
  3. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,620
    Thanks Received:
    7,821
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,215
    Was any of this illegal or unethical? No, I don't think so. The only issue is that it is a Republican doing it.
     
  4. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,768
    Thanks Received:
    11,056
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,103
    The strategic advice was for how to sell Freddie Mac to conservatives. He has a number of quotes about how awesome Freddie was. In 2007.
     
  5. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,620
    Thanks Received:
    7,821
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,215
    That was of course his job. There are plenty of similar quotes from Democrats, who were supposed to be regulating the GSEs.
     
  6. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    Oh, I believe it.

    using former pols to influence current policies is, just as Newt suggested, standard operating procedure.

    Is it corruption?

    Yes, it is in my opinion, and it is perfectly legal, too.
     
  7. JoeB131
    Offline

    JoeB131 Diamond Member

    Joined:
    Jul 11, 2011
    Messages:
    80,529
    Thanks Received:
    6,873
    Trophy Points:
    1,815
    Location:
    Chicago, Chicago, that Toddling Town
    Ratings:
    +15,061
    Sounds about right. Companies pay consultants ridiculous amounts of money all the time, usually because they've lost the ability to communicate with their employees and customers in a meaningful way.

    I remember one time we had some consultants come into our company, and they made all their recommendations, which sounded like the complaints you'd hear in the lunch room.
     
  8. JoeB131
    Offline

    JoeB131 Diamond Member

    Joined:
    Jul 11, 2011
    Messages:
    80,529
    Thanks Received:
    6,873
    Trophy Points:
    1,815
    Location:
    Chicago, Chicago, that Toddling Town
    Ratings:
    +15,061
    And so did everyone else.

    Because Freddy wasn't the real problem. Fannie was, and what the Banksters on Wall Street were doing was, and what real estate speculators were doing was.

    Freddy just got stuck holding the bag of crap when it was all over.
     

Share This Page