Bachmann: Gingrich was paid to 'influence' Republicans for Freddie Mac
November 16th, 2011
05:07 PM ET
11 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. Lindsey

    Bachmann is definitely who she is and what she says. Whether you agree with her is another matter but her and Paul don't flip-flop. That is a lot more than I can say for much of the GOP field and for that matter, Obama!!!!!!!!

    November 16, 2011 07:30 pm at 7:30 pm |
  2. chuck weidemann

    Finally one candidate going after another!! This is what's supposed to happen. Newt's a liar an Bachmann is going after him!!

    November 16, 2011 07:40 pm at 7:40 pm |
  3. Bozo

    The GOP circus has truly come to town featuring a star-studded cast of oops debaters, ethics' violators and an accused serial harasser. Let these folks run the country? Hardy har har...

    November 16, 2011 08:16 pm at 8:16 pm |
  4. Shawn in MD

    "... I'm consistent and they won't find any policy surprises in my background," Bachmann said.

    What exactly are your policies? You never talk about how you gonna create jobs. What is your stance on China's Yuan? What is your opinion about Syria?

    For any foriegn polcicy decision of president Obama, you have critisized him. Hind sight is 20/20. Lets us know what you would do with Syria.

    November 16, 2011 08:50 pm at 8:50 pm |
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