In today’s WSJ, The Quitter’s ghost writer asks,
How do politicians who arrive in Washington, D.C. as men and women of modest means leave as millionaires? How do they miraculously accumulate wealth at a rate faster than the rest of us?
A think tank founded by GOP presidential candidate Newt Gingrich collected at least $37 million over the past eight years from major health-care companies and industry groups, offering special access to the former House speaker and other perks, according to records and interviews.
The Center for Health Transformation, which opened in 2003, brought in dues of as much as $200,000 per year from insurers and other health-care firms, offering some of them “access to Newt Gingrich” and “direct Newt interaction,” according to promotional materials. The biggest funders, including firms such as AstraZeneca, Blue Cross Blue Shield and Novo Nordisk, were also eligible to receive discounts on “products and workshops” from other Gingrich groups.
It wasn’t clear if “direct Newt interaction” came with a happy ending.
On a personal note, this is my final post at FDL. After four terrific years, it’s time to move on. It’s been a blast — and I’ve enjoyed every minute of it.
You can still find me mocking wingnuts at my humble abode. Don’t be a stranger.