Newt's Holy War - Coming to Your Town in 2012
During the week that ObamaCares is being reviewed by the Supreme Court, the Gingrich company that “fought” against the healthcare reform act has filed for bankruptcy.
Newt Gingrich’s LLC the Center for Health Transformation, a healthcare “think tank” that Newt claims actively campaigned against “ObamaCares”, has filed for Chapter 7 bankruptcy in Atlanta, Georgia. The company was involved health care industries and drug makers paying the company a lot of money so their voices could be heard on legislation.
The Atlanta Constitution Journal reports:
The Gingrich Group LLC, doing business as the Center for Health Transformation, filed Wednesday in U.S. Bankruptcy Court in Atlanta,, listing $1 million to $10 million in debt, with only up to $100,000 in assets. The filing was first reported by the Atlanta Business Chronicle.
Gingrich’s presidential campaign has suffered a number of recent setbacks, including the announcement that it had shed staff and that the former U.S. House speaker was trimming his campaign schedule.
The Gingrich campaign claims Newt hasn’t been involved in the company for a year now, and both he and his wife are listed as being owed money by the now busted company.
The disgraced Republican former Speaker of the House used his influence and connections to make a lot of money for himself and the companies he “lobbied” for, though Gingrich denies being a lobbyist and has never registered as one. At the same time, Gingrich bragged about killing legislation via his efforts, effectively admitting that he’s influence peddling.
Business Week reported in January of this year:
Gingrich also said he “fought against Obamacare every step of the way” as his health center “actively campaigned against it.” The center’s members included insurers, who campaigned against the legislation, and drugmakers, who supported it.
The center dispatched a dozen press releases critical of President Barack Obama’s health-care plan in 2009 and 2010, according to an archive on its website. In a March 5, 2010, release, Gingrich lauded a congressman for staying in office “to help defeat a proposal that would ruin the American health care system and increase the national debt.”
Ironies abound, but one thing is clear: Republican rhetoric against “ObamaCares” is rooted in their allegiance to corporations and not to the constitution or any other alleged ideology. Newt Gingrich used his Washington connections to grift money off of corporations whose interest he then pushed to his DC connections.
Gingrich sold his anti-ObamaCares efforts under the guise of the “national debt” and concern over our health care system, but in reality, he was looking out for the best interests of his corporate insurance company members. Now that many of those companies are owed money by Newt’s bankrupt firm, the people can take small satisfaction in the viper’s nest always taking a bite out of their own.
PoliticusUSA
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Rmuse
Apr. 5th, 2012 at 2:46 pm
Everything the GOP does is rooted in corporate enrichment. It is the message the voters need to hear without pause. Wonder when the MSM will ever mention it.
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JC
Apr. 5th, 2012 at 3:17 pm
It has been my contention from the very beginning that this is not about the mandate…this is about protecting insurance co. profits at the expense of the people…
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Churchlady320
Apr. 5th, 2012 at 3:56 pm
I wish to bring to bear the kind of Christian compassion that Newt has for those whose fortunes have crashed and burned:
You are a bad planner. You are not accepting personal responsibility by filing bankruptcy. It’s a social safetynet program, and you’re obviously a socialist if you continue to pursue it.
You mismanaged your money – if you were a REAL Christian this would never have happened to you, Newt. Obviously you have not gotten right with Jesus, so you need to do some repenting.
If you’re going to file for bankruptcy, we insist you be fingerprinted and drug tested so we know you did not run into this mess because of drugs and alcohol. You probably should be tested for STDs, too – we know your record with women anyway.
So be VERY sure you want to do this, Newt. We are watching every step you take, and if you insist on being a burden to those of us who have worked so hard and been responsible, then these are the measures we will have to impose. We are not sure you’re part of the deserving bankruptcy filers.
In God we trust. You better pay cash.
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Shiva (Moderator)
Apr. 5th, 2012 at 5:48 pm
Cap n trade, the current healthcare program were all conservative ideas. If there are any real conservatives out there they would be implementing this stuff right now.
Sounds like Newt needs money. Creditors first Newt!
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