A False Equivalence

Posted: Dec 12, 2011 7:10 PM
Did Newt Gingrich really just analogize trading on his own Washington-insider connections, lobbying for Freddie Mac, to Mitt Romney's  private sector work at Bain -- and adopt a left-wing argument that somehow dynamic capitalism is evil if it ever results in job losses?

That kind of argument belongs to Occupy Wall Streeters -- not a self-proclaimed conservative seeking to run the world's preeminent (capitalist!) economy.  What's more, what many find unpleasant about Gingrich's relationship with Freddie Mac isn't just its outcome; it's the fact that it existed in the first place as a prime illustration of the "crony capitalism"/Beltway revolving door mentality (brilliantly excoriated by Sarah Palin) that Americans rightly abhor whether it's exhibited on the left or the right.