Showing posts with label Freddie Mac. Show all posts
Showing posts with label Freddie Mac. Show all posts

Friday, December 16, 2011

Let's Talk Debates!

Fox News GOP Debate
Fox News 2012 GOP Debate, Linked to Source: ABC News


I watch the debates so you don't have to!
Here's what you missed by watching "Bones" last night (Was it good? I haven't seen it yet! No spoilers!)
I could really tell this was hosted by Fox News. The candidates were hit from the right about their conservative positions. For instance, abortion and right to life were made an issue, as was gun control. These haven't been issues in this campaign at all, so it was surprising to hear how much time was spent on those subjects.
Michele Bachmann attacks Ron Paul on Iran
"MOM! He keeps interrupting me!" "Am not! "Are too!" (linked to source)
Apparently Michele Bachmann ate her Wheaties yesterday, and came out fighting. At several different points it felt like it was Bachmann v. Everyone Else. She reminded me of an angry Yorkshire Terrier, barking and nipping at Newt Gingrich's heels. She also had a very memorable heated exchange with Ron Paul on foreign policy. She flat out said she had "never heard a more dangerous answer" than Paul's positions on Iran. (Which is to say, he doesn't think they have a nuke.)

Ron Paul GOP Debate
"My name is Ron Paul, and until we open free trade with Iran, I won't be able to find a suit that fits." (linked to source)
Ron Paul doesn't back down in a fight, which is amusing considering his pacifist position on other issues. He really spent sometime standing up for his positions on Iran. "Why are we flying a drone over Iran?" He apparently thinks Iran sings kumbaya at night and prays for our peace.
I can finally sum up how he feels about Iran and Israel. "Our neighbor have guns, so we don't need to worry that we'll get attacked." (My words, not his.) His most memorable quote of the night was, "I don't want to run the world. I don't want to police individual activities or people's lifestyle, and I don't want to run the economy." Strange talk for a man running for the most powerful position in the world. It doesn't matter if anyone thinks he won or lost, because his supporters will think it was all rigged anyway.
In other news, Mahmoud Ahmadinejad, Ali Khamenei endorse Ron Paul. He finally gets some big name, national endorsements!

Mitt Romney and Newt Gingrich
"My name is Mitt Romney, and I wear better ties than you!" (linked to source)

Mitt Romney was Mitt Romney last night. In many ways it was his night to lose, and I don't think he lost. But I don't think he "won" either. My favorite quote for him last night was, "Timidity and weakness invite aggression on the part of other people. This is a president, the spy drone being brought down, he says 'pretty please'? A foreign policy based on pretty please? You got to be kidding."
When attacked (by the moderators, and then Santorum) about his changing positions, his response essentially sounded like, "I used to favor flip-flopping, but now I'm against it."

Tim Tebow of Iowa
Tim Tebow 'tebowing' (linked to source)

Rick Perry- what do I say there? I think he will gain a fan or two. It was definitely his best debate so far. But probably too little, too late. Calling himself the Tim Tebow of politics was pretty funny. Other than that, he wasn't all that notable or quotable. He did suggest that we should limit Supreme Court terms. That was sort of interesting.

Wednesday, November 16, 2011

Newt Gingrich and Freddie Mac

Newt Gingrich, Source: Unknown
Newt Gingrich is making new headlines today as his relationship and salary from Freddie Mac become more public. Gingrich was a "historian" and consultant to questionable mortgage giant and paid to the tune of a monthly retainer of $25,000 to $30,000 (a total of $1.6 million) between May 1999 until 2008. Freddie Mac says Gingrich “did not do any lobbying” and only provided counsel on public policy issues to FM's chief lobbyist Mitchell Delk.
Gingrich says that he warned that the subprime mortgage practices that Freddie and its counterpart, Fannie, were helping support were leading to a housing bubble.(Gingrich did not work for Fannie at any time.) He said that he favored expanding housing in a responsible way, and not through the methods Fannie and Freddie took throughout the 2000s.
The Bloomberg story points out that in the Nov 9 CNBC debate, Gingrich had said he only made about $300,000 from his relationship with Freddie. He has since asked his staff to make his record public and find out for him. Gingrich's initial contract with Freddie Mac started in 1999, shortly after he resigned both the Speakership and his seat in Congress.
Liberals and Gingrich antagonists immediately began complaining on Twitter about the relationship. Apparently it is okay that Rahm Emanuel was on the Freddie board of directors during the scandal, but it isn't okay that Gingrich consulted them!



Source: Talking Points Memo "Housing 'Historian' Gingrich Paid 1.6M by Freddie Mac"
MSNBC: Gingrich Can't Say How Much He Netted from Freddie Consulting