Romney Rips Gingrich for $1.6 Million Freddie Mac Deal

Mitt Romney.<a href="http://www.flickr.com/photos/wacphiladelphia/4559106060/">Flickr</a>/World Affair Council of Philadelphia

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At the NBC presidential debate Monday night, former Massachusetts governor Mitt Romney wasted no time attacking his main competitor, Newt Gingrich. In particular, Romney took aim at the former speaker’s $1.6 million contract with government housing corporation Freddie Mac, blasting Gingrich as an “influence peddler.”

Gingrich rejected Romney’s attacks, saying he made only $35,000 a year from his Freddie gig. (The rest, he said, went to his firm.) As for the “influence peddler” claim, Gingrich went on, “I have never, ever gone and done any lobbying.”

Hours before the debate, Gingrich’s campaign released one of the candidate’s contracts with Freddie. The contract, dated February 8, 2006, called for paying the Gingrich Group $25,000 a month that year, and lists Freddie’s top lobbyist at the time, Craig Thomas, as Gingrich’s main contact at the housing corporation. The contract raises fresh questions about whether Gingrich traded on his network of Capitol Hill contacts or engaged in actual lobbying.

After Gingrich’s campaign released the 2006 contract, a top Romney aide, Eric Fehrnstrom, tweeted, “Newt’s K Street firm finally released the Freddie contract, but only for 2006. Where are missing years? He started there in 99.”

Here is Newt’s 2006 contract:

 

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DEMOCRACY DOES NOT EXIST...

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In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

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