Wednesday, May 25, 2011

Porkfest at Tiffany's

Will Newt Gotrocks throw his wife under the bus to save his Presidential campaign? Depends on whether wife number four is already lined up, I suspect.

At the same time Tiffany & Co. was extending Callista (Bisek) Gingrich a virtual interest-free loan of tens of thousands of dollars, the diamond and silverware firm was spending big bucks to influence mining policy in Congress and in agencies over which the House Agriculture Committee - where she worked -had jurisdiction, official records show. ...According to her filings, Callista Gingrich listed debts to Tiffany of between $250,001 to $500,000 on a "revolving charge account" during 2005-2006. After she left in 2007, she was no longer required to report her finances.

The Washington Post' Glenn Kessler wrote that he was "puzzled" by Newt Gingrich's "claim that he had a 'standard, no-interest account' at Tiffany & Co."

"Would Tiffany really charge no interest for that period of time on that amount of money?" he asked.

Tiffany's standard credit card application, Kessler noted, states that customers pay 21 per cent interest on unpaid bills. If Newt and Calista Gingrich paid no interest on a $250,000 balance, it would amount to an interest-free loan of $50,000.

Of course, Newt may have been completely in the dark about his wife's indebtedness to Tiffany's, and just can't admit it. Perhaps, unbeknownst to Newt, Calista also had a Mercedes-Benz and a lot of pretty, pretty boys she calls friends. Some people just lie to their spouse.

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