Showing posts with label hypocrisy. Show all posts
Showing posts with label hypocrisy. Show all posts

Friday, January 27, 2012

Newt Gingrich is a hypocrite

First off, I am not a huge Mitt Romney fan. I think he tells people what they want to hear (worse than most politicians). However, it takes a lot of nerve for Newt Gingrich to criticize Mitt  for holding shares of GoldmanSachs. His reasoning is that this is somehow immoral because GoldmanSachs is foreclosing on properties here in Florida. So what? Number one, these people are losing their homes because they made irresponsible decisions. The banks did too, but the home buyers aren't blameless.

Second, and more importantly, my immediate thought was: "I guarantee Newt has investment exposure to companies doing the exact same thing." Mitt Romney, being an astute investor, quickly pointed this out in last night's debate. If you are invested in a mutual fund, odds are that some of your companies (on a tangent: I believe that if you hold stock in a company, on your own or through a mutual fund , you should view yourself as a part owner not a gambler) are foreclosing on properties as we speak.