Former disgraced Speaker of the House, Newt Gingrich is back in the saddle after falling off his horse at the starting line. At least according to one poll (Public Policy Polling), Gingrich is actually the GOP front-runner. But this sudden surge in his popularity may not last. He was caught lying about his involvement with mortgage giant, FREDDIE MAC.
Mr. Gingrich has been relentless in his criticism against FANNIE and FREDDIE–in public. But secretly he was a lobbyist for FREDDIE MAC.
According to Bloomberg News: “Newt Gingrich made between $1.6 million and $1.8 million in consulting fees from two contracts with mortgage company Freddie Mac, according to two people familiar with the arrangement.
The total amount is much larger than the $300,000 payment from Freddie Mac that Gingrich was asked about during a Republican presidential debate on Nov. 9 sponsored byCNBC, and more than was disclosed in the middle of congressional investigations into the housing industry collapse.
Gingrich’s business relationship with Freddie Mac spanned eight years. When asked at the debate what he did to earn a $300,000 payment in 2006, the former speaker said he “offered them advice on precisely what they didn’t do,” and warned the company that its lending practices were “insane.” But former Freddie Mac executives who worked with Gingrich dispute that account.”
- Gingrich History of Failing to Disclose Conflicts of Interest (maboulette.wordpress.com)
The big political story of the week was a political blunder in the CNBC debate last Wednesday night by GOP nominee hopeful, and Governor of Texas, Rick Perry. He could not remember one of the three federal agencies he would like to eliminate, if he is elected president.
“Turning to Texas Rep. Ron Paul to boast, Perry said: “I’ll tell you: it’s three agencies of government, when I get there, that are gone: Commerce, education and, the –uh — what’s the third one there? … Commerce, education and the uh, the uh…” before being interrupted by a question. ”The third agency of government I would do away with — education, the, uh, commerce, and let’s see — I can’t. The third one, I can’t. Sorry. Oops”
About 15 minutes later in the debate, Perry said he meant to say that the Department of Energy is the third agency he wanted to eliminate.
It was an embarrassing and excruciating moment for Perry, whose poor debate performances have defined his campaign. His poll numbers have declined steadily since his first debate. Critics have noted that his stamina in the two-hour-long debates seems to wane.
PERRY: I will tell you, it is three agencies of government when I get there that are gone. Commerce, Education, and the — What’s the third one there? Let’s see.
PERRY: Five. Okay. Commerce, Education, and the –
PERRY: EPA. There you go.
Q: Seriously — is EPA one you are talking about?
PERRY: No, sir, no, sir. We are talking about the — agencies of government — EPA needs to be rebuilt.
Q: You can’t — you can’t name the third one?
PERRY: The third agency of government I would — I would do away with Education, the –
PERRY: Commerce and, let’s see. I can’t. The third one, I can’t. Sorry. Oops.
According to Peter Hamby of CNN, Perry showed up at the spin room after the debate and told reporters, “I’m sure glad I had my boots on because I sure stepped in it out there.”
According to an investigative report published on Friday by the Washington Post: “Rubio’s compelling family story embellishes facts.” (to enhance (a statement or narrative) with fictitious additions)
Critics continue to bash Occupy Wall Street protesters. Dismissing the 99% as a group of haters of the rich–lazy trouble makers who are against capitalism. There are even documented cases of police brutality. But the more criticisms the group gets, the bigger the movement become.
Most of the harsh and sometimes baseless criticisms which the group gets come from the GOP, no surprise there. From the little known conservative blogger, to nationally acclaimed media houses–online, Broadcast, radio, and print, to those who seek political office, straight up to members of Congress.
Recently, for example, Republican nominee hopeful, Herman Cain, said he believes the protesters were planted and that they were “jealous’ Americans who “play the victim card” and want to “take somebody else’s” Cadillac. And to add insult to injury, House minority leader, Eric Cantor, called the group a mob.Watch the video http://youtu.be/_vNZeLKy-jg
How quickly we have forgot that it was greed on Wall Street that sent the US and the world economies tumbling over the edge of the cliff. Lack of meaningful regulations during the Bush years, gave Wall Street license to engage in all kinds of shady investment and illegal practices. The kind that would have landed an ordinary citizen in jail, perhaps for life. Yet, to date, not one Wall Street firm has been charged.
So, now is not the time to bash 99%. This is a group of people who genuinely love their country. But the group has real concerns like most Americans, especially in these tough economic times. They should be listened to, because many of them, perhaps all, do not have a job, and they have looked for a very long time. They see no light at the end of the tunnel. They have lost faith in a political system that bailed out the rich and dogged the rest of the population. They view our politicians as puppets of Wall Street. Hence, they take to the streets to remind unscrupulous politicians that power is in the hands of the people.
“Now Is Not My Time”
The Governor had said all along that he was not going to run. But after GOP and Tea Party hopeful, Rick Perry’s poor showing in the Florida debate and Straw Polls, GOP big donors who have had it with Christie’s indecisiveness, began their last aggressive push to get Chris Christie to jump in the race.
In the end , the Governor announced: “Now is not my time”. The announcement left many disappointed and heart-broken.