[…] Finally, take the case of Newt Gingrich, who despite posing earlier as the sober GOP candidate who’d run a positive campaign and wouldn’t trash his GOP rivals, this week chose to trash one of them: Mitt Romney, the only genuine wealth-maker among the entire GOP bunch. For context, note that when Gingrich first won a House seat in 1978 he was making a mere $10,000 a year; he went on to win nine more terms, the last couple as Speaker of the House (1995-1999). In 1994, the year before he became Speaker, Gingrich reported annual income of $675,000 a year – or many multiples of his official salary. In 1999 Gingrich was forced to resign from the GOP-controlled House and as Speaker, after being disciplined for wrongdoing (with a lop-sided vote of 395-28) and paying a $300,000 fine; it was the first time in U.S. history a Speaker was disciplined for ethical wrongdoing.
By the time Gingrich left as Speaker in 1999 – as a so-called public servant – his net worth had grown to astounding $7.5 million. What possible market value did Gingrich produce to attain such net worth while occupying political office?
[…] Mitt Romney, in contrast, has been a genuine creator-maker of wealth who
earned his millions honestly and productively, first as a management
consultant and then as a venture capitalist.
[…] That Gingrich would equate his record of taking with Romney’s record of
making is truly despicable. This is a career-long taker of wealth
viciously and shamelessly assaulting a career-long maker of wealth, to
the glee and applause of GOP conservatives, Barack Obama and the liberal
media alike. This is Newt Gingrich the demagogue, assaulting Mitt
Romney the epitome of a good, productive capitalist. Indeed, this is the
same smear campaign run against Mitt Romney by Ted Kennedy in 1994.
Newt Gingrich is a corrupt, unprincipled power-luster who’ll say
anything and take any position necessary to attain high office, and if
he can’t do that, he seeks to take wealth by selling his access to
Nothing reveals more the deep rot within the GOP itself than the fact
that its conservatives-evangelicals so despise wealth-makers like Mitt
Romney and so sympathize with wealth-takers like Ted Kennedy, Barack
Obama and Newt Gingrich.