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Friday, November 18, 2011

Newt as Icarus

Is Newt getting so close to the sun that his wings will melt? Tom Bevan writes at RealClearPolitics:
Almost by a process of elimination, Newt Gingrich is the latest GOP hopeful to experience a sudden surge in his polling numbers. The former speaker of the House is now leading or tied for the lead in the last three national surveys, and is rising fast in Iowa, which is probably a must-win proposition for him. But in today’s breakneck media environment, one has to wonder whether the Gingrich bubble will stay inflated long enough to help him score a win in the Hawkeye State on Jan. 3.

The former Georgia congressman has been the prime beneficiary of Cain’s decline over the past 10 days. But the bombshell story from Bloomberg News on Wednesday that Gingrich made more than $1.6 million “consulting” for Freddie Mac in the years 1999-2002 threatens to turn Gingrich’s rocket ride in the polls into something more akin to the Challenger disaster. A Washington Post story this morning that a think tank he founded earned tens of millions of dollars from health care companies -- and advocated for an individual insurance mandate -- adds to the likelihood.
More details on Newt's corporate clients come from Bloomberg, The New York Times, and The Wall Street Journal.

Oppo guys have certainly been busy lately.