Site for Free Markets and Free People

Monday, January 30, 2012

Newt's Attack on Romney for Owning a Fund Which Owns Fannie

This one is strange. But I have to give credit to Newt for trying this gimmick. He's attacking Romney for having a mutual fund which owns some Fannie and Freddie.

Whether or not Romney knew about it is a moot point. These are government-backed bonds which half of America own. By the same token, one could attack Romney for owning a house whereby Fannie eventually purchased his mortgage. Maybe some people will believe that this is equivalent to consulting or lobbying for them, and I have no doubt that Obama will piggy-back on Newt's attack against Romney.

I think in recent days that the GOP establishment has come out of the woodwork to gang up on Gingrich (which is similar to what happened to Romney in 2008). I don't like these games. But at the same time, I really have to wonder what on earth Gingrich is thinking when he attacks Romney for something like this. Doesn't make sense.