The Corner

Romney Hits Gingrich Again on Freddie Mac Payments

The Romney camp is e-mailing this clip of Newt Gingrich in 2008, saying of Fannie Mae and Freddie Mac that “everybody who was profiting for them should pay the cost of having failed, and the general taxpayers should not bear that burden”:

Romney continued to urge Gingrich to return the Freddie Mac payments he received this morning. “Well, he profited $1.6 million from an agency that helped bring down the entire economy; you ought to give it back,” Romney said on Fox News Channel’s America’s Newsroom.

He also dismissed Gingrich’s remark that Romney should return the money he received from Bain Capital.

“In my enterprise we had the occasion to build tens of thousands of jobs and he doesn’t understand the economy if he doesn’t understand that sometimes businesses succeed and sometimes fail,” Romney said. “The four enterprises that I have led have all succeeded. We invested in hundreds of different entities, over one hundred different entities, not all of them succeeded but to suggest that there’s something un-American , there’s something wrong about investing in enterprise that ultimately doesn’t succeed bespeaks an extraordinary lack of understanding of how the economy works.”

As I wrote yesterday, Gingrich’s Freddie Mac payments could become a serious liability depending on how the other campaigns (Ron Paul and Michele Bachmann have also criticized him for this) decide to pursue it. 

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 ...

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