Newt Rips Romney for Millions in Goldman Sachs Investments

Newt Gingrich.<a href="http://www.flickr.com/photos/gageskidmore/6265574103/sizes/m/in/photostream/">Gage Skidmore</a>/Flickr

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Is Newt Gingrich a Mother Jones reader? You’d be forgiven for thinking so after hearing Gingrich’s new line of attack on GOP front-runner Mitt Romney. On the campaign trail in Florida Thursday, Gingrich singled out Romney’s dozens of investments Goldman Sachs-run funds for criticism. “Let’s be clear: you’re watching ads paid for with the money taken from the people of Florida by companies like Goldman Sachs, recycled back into ads to try to stop you from having a choice in this election,” Gingrich said in Florida Thursday, according to Politico. “That’s what this is all about.”

Newt went on:

“The question you have to ask yourself is, what level of gall does it take to think that we collectively are so stupid that somebody who owns lots of stock in Fannie Mae and Freddie Mac, somebody who owns lots of stock in a part of Goldman Sachs that was explicitly foreclosing on Floridians, somebody who is surrounded by lobbyists who made a living protecting Fannie Mae and Freddie Mac, can then build his entire negative campaign in Florida around a series of ads that are just plain false.”

Last week, Mother Jones reported that Romney and his wife, Ann, profit off of almost three-dozen investments in funds run by Goldman Sachs in the couple’s blind trusts and individual retirement accounts. Though Romney filed his latest personal financial disclosure last August, we were one of the first news outlets to report on his extensive Goldman holdings. The investments are worth between $17.7 million and $50.5 million.

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We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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