SMRs and AMRs

Wednesday, December 14, 2011

Newt Gingrich commits a capital crime

By George F. Will,
WashPost
Published: December 13

Newt Gingrich — the friend of his detractors, to whom he offers serial vindications — provided on Monday redundant evidence for the proposition that he is the least conservative candidate seeking the Republican presidential nomination: He faulted Mitt Romney for committing acts of capitalism.

Gingrich did so when goaded by Romney regarding his, Gingrich’s, self-described service as a “historian” for Freddie Mac, which paid him more handsomely than anyone paid Herodotus. Romney was asked by an interviewer about the $1.6 million Gingrich earned, or at any rate received, from Freddie Mac, the misbegotten government-backed mortgage giant. In the service of Washington’s bipartisan certitude that too few people owned houses, Freddie Mac helped produce the housing bubble and subsequent crash. It did so even though it paid Gingrich $30,000 an hour. That is about what he received if, as he says, he worked for Freddie Mac about an hour a month, telling it that what it was doing was “insane.”

Anyway, Romney’s interviewer mischievously asked him if he thought Gingrich should “give that money back” to Freddie Mac. Romney said, “I sure do.”

Soon thereafter, Gingrich, when asked about Romney’s cheeky judgment, replied: “I would just say that if Governor Romney would like to give back all the money he’s earned from bankrupting companies and laying off employees over his years at Bain Capital, that I would be glad to listen to him.”

(More here.)

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