If it looks like a bribe, it probably is. With Newt Gingrich (R-money-grubbing), who's spent his entire career in corrupt self-enrichment, that probability is even higher, approaching one. Freddie Mac paid him more than $1.6 million as a historian? You've got to be kidding me. Here's a guy who couldn't get tenure at a third-rate rural state college (for which I'm sure he blames liberals, but which I regard as proof the tenure system can work).
Gingrich "explains" this obvious influence-peddling gig:
“I offered them advice on precisely what they didn’t do,” he said at the debate. “My advice as a historian, when they walked in and said to me, ‘We are now making loans to people who have no credit history and have no record of paying back anything, but that’s what the government wants us to do.’ As I said to them at the time, this is a bubble. This is insane. This is impossible.”What a load of bullshit! He even walked back the lie the next day:
“I have no idea what the dates were,” he said, according to the Web site. “I offered strategic advice over a period of time. I did no lobbying of any kind. And I’m very happy to offer people strategic advice if they come and ask my advice.”
He's simply manufacturing lies to cover his corpulent ass. It's a lot easier to give glib answers if you can just make shit up. Hired historians don't get to make policy recommendations. They don't even meet the leadership.
Gingrich claims Freddie Mac needed his strategic advice and, lo and behold, that advice perfectly anticipated today's Republican claim that private lenders making the bad "innovative" loans couldn't possibly be at fault - since the market is purr-fect - so it had to be 30-year-old anti-redlining law that caused the meltdown. Yet now he doesn't know whether he gave that advice before or after the meltdown.
Even beforehand, the advice would have been worthless in wingnut fantasy land. If the big bad government was really forcing bad loans, Freddie would have been fully aware of that fact - and of Newt's inability, as a historian, to change it. Unless of course he was lobbying...
Gringrich is a sociopathic pig grown fat at the right-wing hog trough. At least Michele Bachmann has principles.