Earlier this month, Freddie asked for another $6 billion -- which would put Freddie's bailout tab at more than $70 billion since 2008. Now, if Gingrich were the visionary that he presents himself to be, he would have refused to take money from a government-sponsored entity that he must have known was doomed to fail and become a burden on honest taxpayers. Its very willingness to pay Gingrich $300,000 in one year shouted that Freddie was bound to crash and burn.
In Iowa, Gingrich tried to put a happy face on the Freddie fiasco. "We just tried four years of amateur ignorance," quoth he, "and it didn't work very well, so having someone who actually knows Washington might be a really good thing."
But really good for whom?