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Newt Gingrich's campaign ends

During the GOTP "debate" on Saturday, 12 November, Newt was asked about a $300,000 consulting fee he earned from Freddie Mac. Newt said he was paid as a historian to advise them about the history of mortgage loans.

Turns out Newt was lying -- lying big time -- no surprise there -- Newt's a Republican and they are genetically wired to lie.

Newt's campaign ends with this nuclear blast from Bloomberg:


Newt Gingrich made between $1.6 million and $1.8 million in consulting fees from two contracts with mortgage company Freddie Mac, according to two people familiar with the arrangement.

The total amount is significantly larger than the $300,000 payment from Freddie Mac that Gingrich was asked about during a Republican presidential debate on Nov. 9 sponsored by CNBC, and more than was disclosed in the middle of congressional investigations into the housing industry collapse.

Gingrich’s business relationship with Freddie Mac spanned a period of eight years. When asked at the debate what he did to earn a $300,000 payment in 2006, the former speaker said he “offered them advice on precisely what they didn’t do,” and warned the company that its lending practices were “insane.” Former Freddie Mac executives who worked with Gingrich dispute that account.

Gingrich’s first contract with the mortgage lender was in 1999, five months after he resigned from Congress and as House speaker, according to a Freddie Mac press release.

Here's video of Newt lying to Hannity:

'Bye, Newtie.



Hispanics revitalizing dying small towns -- in traditional GOTP areas!!

Go to this link -- it's a New York Times article. Read the article and check out the maps and graphics.

Briefly, this is what the article points out.

-- In many areas of the US, small towns are dying -- Mom & Pop businesses closing; young people moving away; schools, churches, and every other aspect of community life withering.

-- Now, however, in many of these areas, Hispanics are arriving in numbers large enough to reverse the trends. New Hispanic arrivals are "reopening shuttered storefronts with Mexican groceries, filling schools with children whose first language is Spanish . . . extending the lives of communities that seemed to be staggering toward the grave."

Check out the maps in the NYT article and you'll find that this phenomenon is taking place in traditional Mid-West Republican areas. As we all know, the Republican Party has turned its back on Hispanics and continues to attack anyone with brown skin who speaks with a Spanish accent. Now that the people whom the Republicans loathe are re-invigorating traditional Republican areas, will the GOTP wake up and try to attract Hispanic voters?

Probably not -- they aren't that smart and the GOTP is in the grip of the craziest rightwingers in their membership.

Herman Cain DOES NOT want to play the lawsuit game


The Cain camp and their friends in the bullshit-packed rightwing echo chamber are leaping on Cain's latest accuser, some woman named Bialek, by claiming she has been party to a number of suits.

Cain does NOT want to go down this road.

Cain was a defendant in five lawsuits that ended in $10.5 million in
judgements, related to his tenure on the board of Aquila, Inc., when
he screwed over a whole bunch of employees as a member of the board of
directors by mismanaging retirement accounts and improperly pressuring
employees to fill their retirement accounts with company stock.

In 2004, five federal cases were filed against Harman Cain:

Itteilag v. Aquila, Inc. et al 4:04-cv-00865-DW (named as defendant)

O'Brien v. Aquila, Inc. 4:04-cv-00928-DW (named as defendant)

Wolf et al v. Aquila, Inc. et al 4:04-cv-00934-DW (named as defendant)

Smith v. Aquila, Inc. et al 4:04-cv-00970-DW (named as defendant)

Tylutki et al v. Aquila, Inc. et al, 4:04-cv-01058-SOW (named as
defendant)

Cain was sued five times because as a member of the board of directors
of Aquila, he actively encouraged employees to sink their money into
company stock.

Why was this bad? Aquila was a utility company, a traditionally
conservative investment. But during Cain's tenure, the company was
engaged in riskier and riskier endeavors, transforming this
conservative investment to one far too risky for folks close to
retirement. The stock went from a high price of $37.55 per share to a
crashing low of $6.75 in July of 2002, when the Enron disaster brought
the risky practices of companies like Aquila to light. It devastated
many employees heavily invested in company stock.

Mother Jones covered the story in depth back in May.

The five suits were eventually folded into one class action, and they
had to pay out $10.5 million to the people they screwed.

Right now, Cain is fighting off allegations that resulted in 5-figure
judgements. While it appears Cain routinely engaged in predatory
behavior, and that is a matter of concern, I think we should also be
paying attention to this $10.5 million judgement, in which Cain
engaged in predatory behavior against his employees.

Legal troubles are NOT the can of worms Cain wants to open.