Newt Gingrich took in $1.6 million is fees from Freddie Mac and described this amount as being for his services providing "historical perspective". He now claims that he earned the money over a period of 6 years and that it was mostly used for overhead of 3 offices he maintained and "other things that didn't go directly to" him. Clearly he did not maintain 3 offices if they were not profitable. Let's assume that 2/3 of Gingo's gross income was spent for overhead and other expenses. This would still leave his share of the Freddie Mac income at $500,000 over 6 years. That is not bad $88,889 per year just for this single lobbying job (oh, sorry, historian position. In 2010, the median household income in the US was just over $49,000, so Newt's Freddie Mac income alone was just about 2 times the national median household income.

Yet somehow, even with this income and his net worth in excess of $6.7 million, Newt must find it hard to get by or why else would he be pushing for a lower marginal tax rate of just 15% for the highest earners and ZERO TAX, yeah ZERO TAX on capital-gains, dividends, and interest. His radically distorted views of human rights, women's rights, gay rights, immigration policy, etc just ain't enough, we also have to face the potential economic calamity of his proposed fiscal policy.

In full disclosure, yes, I somehow find myself way up in the charts of lucky Americans who would be positively affected by these idiotic tax plans of Newt's. Please don't lower my tax rates. Hell, feel free to raise the rate on my passive income (qualified dividends, long term capitol gains, etc) from the ridiculous Bush rate of 15%. Does anyone honestly think that if capitol gains were taxed at 20%, investment would really be affected. Come on, I don't think so. By the way, Romney has stated that his income of ever $10 million last year was derived from dividends, interest and capitol gains. Under the Newt plan Mitt would pay no tax at all, none, zero, nada, nothing, zilch.

Here is a link to an interesting article on Gingo written by Robert Reich, not a flyweight in the field of public policy and economics. Really scary.
http://www.csmonitor.com/Business/Robert-Reich/2011/1214/Gingrich-s-tax-plan-takes-him-from-irresponsible-to-reckless

Tomorrow, Romney's estimated net worth of over $200 million and how he thinks can "fix' the economy. Unless he changes his mind between now and then.

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