Facing renewed criticism from Mitt Romney over his work as “an historian” at Freddie Mac, Newt Gingrich released one of his contracts from the mortgage giant (blamed by some for helping cause/exacerbating the housing crisis). Newt could also be looking to get his story out in front of Romney’s planned release of his tax return(s) tomorrow. The contract is for work in the year 2006 at a rate of $25,000 a month with a maximum payment of $300,000 for the year (not too shabby, eh?)
The word “lobbying” does not appear in the contract. But something tells me that’s not going to stop Romney’s attacks on Gingrich. This is also just one of several contracts Gingrich had with Freddie Mac. He reportedly received over $1.6 million over through 2008.
Newt’s decision to release this contract today may also, in part, have something to do with a blistering new ad from the Romney campaign (again, it’s from the campaign - not the pro-Romney super PAC Restore Our Future). It is tailor-made for voters in Florida. The ad, which was released yesterday, seeks to rhetorically connect Newt’s ethics charges in the House and his work with Freddie Mac. Yeah, ouch.
You can review both the new Romney Campaign ad and Gingrich’s Freddie Mac contract below.