A good definition of crony capitalism. Paying off politicians when they retire signals current politians to behave so they, too, will receive money when they retire.
Steve Sailer's iSteve Blog: $1.6 million paid to historian: Nice work if you can get it:
Gingrich was out of power at the time, so this wasn't a direct bribe, it was more an attempt to mold opinion to keep Freddie respectable by buying the friendship of a voluble famous guy, with maybe some big payoff down the road if Gingrich made a political comeback. Moreover, paying Gingrich a lot after he was out of office serves to encourage the others in office to be nice to Freddie now in the hopes that they too can get what's coming to them down the road.�
Steve Sailer's iSteve Blog: $1.6 million paid to historian: Nice work if you can get it:
Gingrich was out of power at the time, so this wasn't a direct bribe, it was more an attempt to mold opinion to keep Freddie respectable by buying the friendship of a voluble famous guy, with maybe some big payoff down the road if Gingrich made a political comeback. Moreover, paying Gingrich a lot after he was out of office serves to encourage the others in office to be nice to Freddie now in the hopes that they too can get what's coming to them down the road.�
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