Bachmann: Gingrich was paid to 'influence' Republicans for Freddie Mac
November 16th, 2011
05:07 PM ET
7 years ago

Bachmann: Gingrich was paid to 'influence' Republicans for Freddie Mac

Webster City, Iowa (CNN) - As Newt Gingrich denies he was paid to lobby Republicans for mortgage giant Freddie Mac, fellow Republican presidential candidate Michele Bachmann on Wednesday challenged Gingrich's denial.

"Whether former Speaker Gingrich made $300,000 or whether he made $2 million, the point is that he took money to also influence senior Republicans to be favorable toward Fannie and Freddie," Bachmann said after a campaign event in Webster City, Iowa.

The congresswoman was referencing payments to the Gingrich Group - amounts between $1.6 million and $1.8 million, CNN has confirmed. The payments, first reported by Bloomberg, were made from 1999 to 2002 and 2006 to 2008.

In recent days Gingrich has steadfastly denied he lobbied the agency amid the subprime mortgage crisis, saying instead he offered advice as a "historian" and that his group offered "strategic advice."

Yet Bachmann cast an unfavorable light on Gingrich's actions.

"While he was taking that money, I was fighting against Fannie and Freddie," Bachmann said.

The congresswoman also lumped Gingrich in with her other GOP rivals, saying that each would not be able to claim higher ground, on some issues, in debates against President Barack Obama.

"Whether it's Freddie and Fannie or whether it's being against the Wall Street bailout, on every single issue, that's important to the voters in this upcoming election, I take every issue off the table with Barack Obama," Bachmann said. As she often does, the congresswoman talked about "flip-flopping" and one candidate creating the blueprint for "Obamacare" - both references to former Massachusetts Gov. Mitt Romney.

"I'm the only candidate, in the entire field, that doesn't have any issue of compromise with President Obama…I'm consistent and they won't find any policy surprises in my background," Bachmann said.

–CNN's Rebecca Stewart contributed to this report

Also see:

Gingrich touts strategy chops in lobbyist defense

Citizenship check causes controversy at Perry event

Romney remains overwhelming favorite in New Hampshire

Filed under: 2012 • Michele Bachmann • Newt Gingrich
soundoff (29 Responses)
  1. Chaz

    Aside from the fact that she was a democrat who worked for Jimmy Carter, of course. And, let's be honest, how much money from the Government has her family received through subsidies? Where is you're high ground there?

    November 16, 2011 05:14 pm at 5:14 pm |
  2. J-NW

    Politicians are sound-bite machines. They rely on a high percentage of ill-informed listeners. Democrats are definitely guilty of playing this game, but no where near as well (as devious) as Republican politicians. Sound-bites like "Christianity is threatened" and "they're gonna raise your taxes", really wake up the idiots who basically get all of their information from FOX News >> USA's version of 'Ministry of Propaganda' (Nazi Germany) and USSR's Polit Bureau.
    So, Newt will continue to spout he's clean even though he's one of the very dirtiest.
    I am so sick of the absolute idiotic minions that FOX News spawns.. and they all talk like Bill Riley.. pretentiousness does not hide the fact that what's spewed from your mouth is pure pollution. You're sick.

    November 16, 2011 05:19 pm at 5:19 pm |
  3. Ed DFWTX

    Gingrich is a hibitual liar and flip flopper. He is like a whirling dervish who tries to talk above his misguided GOP/Tea Party base.

    November 16, 2011 05:19 pm at 5:19 pm |
  4. Nelson Colorado Springs Co.

    Mr Cain out the way, Mr. Perry off the chain??????Now look like Mr Newt will be out the way. Mr Romney is shoe in

    November 16, 2011 05:26 pm at 5:26 pm |
  5. Woman In California

    Anything to become top TP trash queen again right Bachmann?

    November 16, 2011 05:28 pm at 5:28 pm |
  6. John

    Michele Bachmann don't act like you didn't know this a head of Time,you were most likely one of the Republican he lobby. you and your husband are Crook to.

    November 16, 2011 05:35 pm at 5:35 pm |
  7. Doug in NYC

    Bachmann is so stupid she probably thinks Newt was lobbying for the right for Freedie and Mac to get married. Maybe she and her flameing husband can pray away the Freddie and Mac???

    November 16, 2011 05:35 pm at 5:35 pm |
  8. Jake

    so anything Obama is for? she is against. anything Obama thinks is bad? she thinks it's good. anything Obama thinks is good? she thinks it's bad.

    that's some platform, Michelle! After you are done running for President, MN will vote you out of office.

    November 16, 2011 05:39 pm at 5:39 pm |
  9. Don

    Ah yes! Republicans eating their young! Well, actually... Gingrich is old and morbidly obese. OK, its still GOP-cannibalism!

    November 16, 2011 05:44 pm at 5:44 pm |
  10. sogooden

    No issues? Maybe. She's just bat crazy.

    November 16, 2011 05:48 pm at 5:48 pm |
  11. Democrat Class Warfare - Destroying the economy, destroying the country

    Enough Michelle. None of this is going to raise your poll numbers. Sell people on YOU if you want to win.

    November 16, 2011 06:05 pm at 6:05 pm |
  12. annie s

    For once, Michelle Bachmann is right. It's already being confirmed by other Representatives.

    November 16, 2011 06:10 pm at 6:10 pm |
  13. Moles

    Why doesn't anyone seem to think it matters that she's as mad as a screech owl?

    November 16, 2011 06:13 pm at 6:13 pm |
  14. Teresa

    Keep on imploding GOP and Bachman will win the nomination. I hope they only have 1 debate, Obama will bury her on the intro. GOP no longer stands for Grand Old Party does it. The "fat lady" is singing and your party is over.

    November 16, 2011 06:18 pm at 6:18 pm |
  15. Anonymous

    CNN Politics just confirmed & reported:

    "Freddie Mac confirmed to CNN that Gingrich was a consultant and NOT a lobbyist."

    "Gingrich was consulted about Freddie’s efforts to become more transparent about “risk and capital management” procedures, risk information disclosure, and how those efforts would be received in Congress, specifically by Republicans, according to a former official who worked for Freddie Mac during both of his stints."

    November 16, 2011 06:21 pm at 6:21 pm |
  16. otermbachmann

    You go o'weird one, lump that crazy salamander with the other crazies. Keep spewing loud and often.

    November 16, 2011 06:25 pm at 6:25 pm |
  17. Bryan

    Consistent, no compromise...sounds good for the Tea Party/GOP base, but that won't fly in the general election.

    November 16, 2011 06:26 pm at 6:26 pm |
  18. once upon a horse

    lately Bachmann has been doing great work for the DNC going after her fellow 2012ers even in ads on television. It's kind of like "if I can't win the GOP nomination then NOBODY WILL!!!" I have to admit that this is the first time Bachmann has done something I find really entertaining.

    November 16, 2011 06:33 pm at 6:33 pm |
  19. GonzoinHouston

    The worse her numbers get, the more shrill and antagonistic she becomes. She was once a figurehead for the TP's, but now she's only good for comedy relief.

    November 16, 2011 06:35 pm at 6:35 pm |
  20. MTATL67

    This candidate is desperate to make an issue out of anything. These races are about how to fix the problems of the country. No one gives a darn what her opinion is on the bad judgment of another candidate. That is up to us voters. Her opinion is not telling us voters what she would do. It tells us that she desperate for attention

    November 16, 2011 06:52 pm at 6:52 pm |
  21. AlaskaPalin

    Wonder TITAINIUM woman herself. A woman of impeccable character. Liberals cannot stand before her wisdom on the issues so they resort to insults and being crass. It will be delightful; when she becomes president in 2012; to see the migration of liberals to katmandu or in obamas case timbuktu.

    November 16, 2011 06:58 pm at 6:58 pm |
  22. hopeismyname

    it is very easy to be consistent Mrs, Bachman when you do nothing but complain, pass no bills, enact no laws, forge no treaties....just complain....Yes, Mrs. Bachman you are indeed the best complainer on the hill and the least effective legislator.

    November 16, 2011 07:01 pm at 7:01 pm |
  23. ej

    I'm no Gingrich fan, but this stuff's a non-concern...

    November 16, 2011 07:02 pm at 7:02 pm |

    "I'm the only candidate, in the entire field, that doesn't have any issue of compromise with President Obama…I'm consistent and they won't find any policy surprises in my background," Bachmann said.

    Meaning that she is the only one who has been and is consistently WRONG. Better than that of course is that we have arrived at the point where the GOP begin to eat their own. You couldn't make this stuff, it makes for great TV.

    November 16, 2011 07:13 pm at 7:13 pm |
  25. Mark

    Whatever, I would never vote for this woman anyway; desperate beyond measure, accuses even her own of being socialists – this is all just more of the same.

    November 16, 2011 07:26 pm at 7:26 pm |
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