Yglesias Award Nominee

Nov 21 2011 @ 12:14pm

"Newt’s chutzpah knows no bounds, though. Back during the 2008 presidential campaign, he told a Fox News interviewer that then-Senator Obama ought to return contributions he had received from Freddie Mac and its sister racket, Fannie Mae. Just last year Newt brought out a campaign book in which he argued for getting rid of Freddie Mac and Fannie Mae. Now here he is in Iowa this week defending Freddie Mac. Quote: “Every American should be interested in expanding housing opportunities" …

As a conservative Republican, I’d reply that every American should be interested in getting government out of activities where it has no legitimate function, and that would include mortgage lending to home buyers. The phrase “expanding housing opportunities” is pure Democrat-speak, the kind of phrase that drops naturally from the lips of a Pelosi or a Barney Frank. It has no place in the vocabulary of a Republican," – John Derbyshire.