The Corner

More Details on Gingrich’s Freddie Mac Work

Politico reports:

 

Later that month [April 2007], Gingrich also gave a “feature interview” that appeared on Freddie Mac’s website providing an extensive Q&A where the former Speaker of the House defended the government-sponsored enterprise model, according to a copy obtained by POLITICO.

Gingrich went so far as to say that “I’m convinced that if NASA were a GSE, we probably would be on Mars today.”

Freddie Mac declined to comment. A Gingrich spokesman did not immediately respond to a request for comment.

“The housing GSEs have made an important contribution to homeownership and the housing finance system,” Gingrich said in the interview. “We have a much more liquid an stable housing finance system than we would have without GSEs. So while we need to improve the regulation of the GSEs, I would be very cautious about fundamentally changing their role or the model itself.”

Further Gingrich acknowledged that this is not a viewpoint conservatives normally embrace. “Well, it’s not a point of view libertarians would embrace,” he said in the interview. “But I am more in the Alexander Hamilton-Teddy Roosevelt tradition of conservatism. I recognize that there are times when you need government to help spur private enterprise and economic development.”

Full piece here. This piece was e-mailed to reporters by the Romney campaign, a sign that Mitt Romney will no doubt continue to push this issue in the next few days. Today, for instance, Romney campaigned in front of a vacant home in a Florida neighborhood that had been badly impacted by the foreclose crisis — and used the opportunity to attack Gingrich for his Freddie Mac works, reports the New York Times

Katrina Trinko — Katrina Trinko is a political reporter for National Review. Trinko is also a member of USA TODAY’S Board of Contributors, and her work has been published in various media outlets ...

Most Popular

U.S.

The Gun-Control Debate Could Break America

Last night, the nation witnessed what looked a lot like an extended version of the famous “two minutes hate” from George Orwell’s novel 1984. During a CNN town hall on gun control, a furious crowd of Americans jeered at two conservatives, Marco Rubio and Dana Loesch, who stood in defense of the Second ... Read More
Religion

Billy Graham: Neither Prophet nor Theologian

Asked in 1972 if he believed in miracles, Billy Graham answered: Yes, Jesus performed some and there are many "miracles around us today, including television and airplanes." Graham was no theologian. Neither was he a prophet. Jesus said "a prophet hath no honor in his own country." Prophets take adversarial ... Read More
Film & TV

Why We Can’t Have Wakanda

SPOILERS AHEAD Black Panther is a really good movie that lives up to the hype in just about every way. Surely someone at Marvel Studios had an early doubt, reading the script and thinking: “Wait, we’re going to have hundreds of African warriors in brightly colored tribal garb, using ancient weapons, ... Read More
Law & the Courts

Obstruction Confusions

In his Lawfare critique of one of my several columns about the purported obstruction case against President Trump, Gabriel Schoenfeld loses me — as I suspect he will lose others — when he says of himself, “I do not think I am Trump-deranged.” Gabe graciously expresses fondness for me, and the feeling is ... Read More