Trading accusations of greed, Mitt Romney and Newt Gingrich challenged each other Monday to return millions made in private business as the race for the GOP presidential nomination turned increasingly acerbic and personal at the start of a three-week sprint to the Iowa caucuses. Image Credit: StarTribune
Mitt - Gingrich Out-Demonize Each Other In Obama-Style Class-Warfare Attacks
Yesterday, Mitt Romney made a point that Newt Gingrich should pay back monies he was paid by Freddie Mac, a money loosing, quasi-government mortgage funding organization, for a consulting services contract he had made with the management.
Newt Gingrich felt compelled to jump ugly back into the fray at Mitt Romney by saying Romney should pay back the monies he made through downsizing corporations to make them more efficient and profitable.
This is a lose-lose tennis match where on one side, it is no one's business what one gets paid for consulting services (just, why is Freddie Mac, and its partner organization, Fannie Mae in business on taxpayer money in the first place?), and on the other hand, the Communist/Socialist argument on Capitalism where corporate leaders are able to benefit personally from an increase in profits due to making a company, and its products more attractive to consumers and the needs the company's efforts fill.
This excerpted and edited from the StarTribune -
Greed is the issue this time: Romney and Gingrich trade barbs as 3-week sprint to Iowa begins
Article by: KASIE HUNT and STEVE PEOPLES , Associated Press - Updated: December 13, 2011 - 1:00 AM
Far from Iowa, the two men campaigned miles apart from each other in next-up New Hampshire, where Romney has long dominated in polls but where Gingrich is aggressively working to make inroads. Romney called on Gingrich to return the estimated $1.6 million he received for providing strategic advice to Freddie Mac, the quasi-government agency that guarantees home mortgages. Gingrich has said he acted as a historian, not a lobbyist.
"That would make him the highest paid historian in history," Romney told Fox News Channel during an interview from the Chez Vachon diner, a regular New Hampshire stop for presidential candidates. He suggested that Gingrich was an ultimate insider who leveraged his position as a former House speaker to line his pockets when he left office. Said Romney: "One of the things that I think people recognize in Washington is that people go there to serve the people and then they stay there to serve themselves."
Gingrich, campaigning in nearby Londonderry, countered quickly, saying that Romney should give back the millions he made working at Bain Capital, a venture capital firm that sometimes laid people off as part of its efforts to make businesses more efficient. "If Governor Romney would give back all the money he's earned from bankrupting companies and laying off employees over the years at Bain, then I would be glad to listen to him," Gingrich said. "But I bet you $10 — not $10,000 — that he won't take the offer." That was a dig at Romney's offer of a $10,000 wager with Rick Perry at Saturday night's debate.
Unbowed, Romney chided Gingrich anew, saying: "There's a big difference between working in the private economy and working on K Street, and working as a lobbyist and working as a legislator, and working to connect businesses with government." Romney's campaign also pressed the notion of Gingrich as a Washington insider, with news releases labeling him an "unreliable leader" and pictured with House Democratic Leader Nancy Pelosi.
If one were to side with the Gingrich argument (in retort), one would be siding with Barack Obama and continue the the cultural and economic slide into the abyss of socialist class-warfare and Euroism. If one were to side with Romney in his attack on Gingrich, while this argument points out how one, as a Washington insider gets to support themselves, it is none of anyone's business what one gets paid for consulting services as long as these arrangements are legal.
What is much more important as a takeaway from Romney's query, however, is with all of the Government resources (read, TAXPAYER) laid at the doorsteps of Freddie Mac and Fannie Mae, why were the executives who ran Freddie Mac and Fannie Mae able to walk-away while making bonuses in the millions of dollars as these organizations took the worldwide economy into the massive junk-mortgage tailspin of a property value downgrade we find ourselves now? Four words (two hyphenated phrases): Ruling-Class Slush-Fund!
Next debate from Sioux City Convention Center in Sioux City, Iowa, to be aired on FOXNews, Thursday, December 15, 9:00pm ET ... the gloves will be thrown to the ice and it might be time for the more recognized Conservatives as seen in Rick Santorum or Michelle Bachmann to rise above the fray in the ugly, ankle-biting "Newt Romney" back-and-forth, Iowa Caucuses.
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