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Tuesday, May 24, 2011

Gingrich wife worked for committee heavily lobbied by Tiffany


 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.

Filings by Tiffany’s lobbyist, Cassidy & Co., and other government records show that the firm’s spending on  “mining law and mine permitting-related issues” in Congress, as well as the Forest Service, the Interior Department, and Interior’s  Bureau of Land Management shot up sharply between during the period when Callista Gingrich was chief clerk at the House Agriculture Committee.

Tiffany's annual lobbying expenditures rose from about $100,000 to $360,000 between 2005 and 2009, according to records assembled by the Center for Responsive Politics,  a nonpartisan government watchdog organization. 

The Forest Service, which comes under the committee’s jurisdiction, oversees mining, including silver mining, in federal forests.

Silver, of course, is a big part of Tiffany & Co.’s business.

On Thursday, Tiffany issued a statement denying that it had lobbied the Agriculture Committee or discussed mining isues with Callista or Newt Gingrich.  But is was also reported that Christy Evans, a floor assistant to Republican Whip Rep. Newt Gingrich and now a lobbyist at Cassidy & Associates, has represented Tiffany's on mining issues since 2000.

Gingrich’s campaign Web site makes no specific mention of mining in its description of his wife’s duties.

“During her tenure, the Agriculture Committee held hearings on a wide range of issues including biotechnology, bioterrorism, conservation, forest management, nutrition, rural development, trade, and welfare reform,” it says.

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’s 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.

Plus, they have the bling.

“Gingrich’s claim that he had a ‘standard, no-interest account” as part of the ‘normal way of doing business’ appears highly dubious,” Kessler continued. “Tiffany does not appear to provide such a revolving line of credit account to regular customers. And Callista Gingrich’s disclosure documents clearly show the debt was carried for at least two years.”

Gingrich referred further questions to Tiffany & Co., which is not talking.

“The fact that Tiffany won’t say a word — after Gingrich said to ‘go talk’ to them — certainly raises questions,” Kessler wrote.

He quoted John Ulzheimer, president of consumer education at SmartCredit.com, as saying that “carrying a balance of up to $500,000 and not paying interest is anything but ‘normal.’”

But Tiffany “isn't your normal retailer,” Ulzheimer added, “and upscale retailers are notorious for cutting special deals with VIPs like entertainers, athletes, and political figures.”

Entertainers and athletes, we understand: They flaunt the bling. But politicians?

What does Tiffany get from them in return?

12 comments:

dbuck said...

A quote from Gingrich at the start of his political career, during his first campaign for Congress:

"'Congressmen are not bribed anymore. They simply have a lot of friends who are willing to help them out whenever they find it necessary.'"
--Newt Gingrich, ATLANTA CONSTITUTION, 31 October 1974

Dan

MuParadigm said...

If Newt and Calista Gingrich paid no interest on a $250,000 balance, it would amount to an interest-free loan of $50,000."

Actually, it amounts to an interest free loan of $250,000, and a gift of $50,000 (or more) per year as long as a 250k (or more) loan balance is maintained.

.

Closer To Home said...

Yeah, or maybe Newt "slipped" again and he had to buy his way back into Calista's heart with a bit of bling.

Bill51 said...

Newt is either dissembling about "standard, no-interest" accounts or he is clueless about financial matters. I think it's probably both.

Where are all the GOP critics of Dodd's 'friends and family' mortgage from Countrywide/Mozillo?

Anonymous said...

muaparadigm is right - you've messed up the description of the interest free loan. An interest free loan of $250k is an interest-free loan of 250k, not 50k. The 50k they would have paid in interest at 21% is a flat out gift/bribe of 50k.

This is a crucial distinction and makes it much, much worse.

Jeff Stein said...

Good points, thanks.

nader paul kucinich gravel mckinney said...

one more time
Callista and Newt
Newt and Callista
Callista and Newt
one more time

Anonymous said...

Why can't a company offer loan terms as they see fit to their clients? Is it so shocking that someone of "celebrity" status is being shown special treatment? If you were running a business and had a celebrity as a client, wouldn't you offer special terms possibly?

Regarding the lobbying...so what. We are all grown ups here and we know how dirty politics are...as well as the politicians. Find me ONE that is pure...anyone? Look hard enough and you can find serious dirt on any of them. I see these jabs as shots being taken at contenders who pose serious threat to the incumbent.

Go Newt! :)

Anonymous said...

There is a USDA-Tiffany's link: illegal gem stone mining on USFS land, in Western North Carolina.

Let's look in to the illegal mining of precious stones that occurred on the US Forest Service land in Western North Carolina during this period. A most egregious site was closed and rehabbed--a quoted cost was $14,000 in repair costs. The locals involved had to pay to rehabilitate the public land, and it was long rumored in these parts that the stones were going to New York, to Tiffany's. Look it up--Franklin, NC is a gem capitol of these parts, and the Nantahal National Forest is our land. The US Forest Service is under the US Department of AGRICULTURE!

Of course Newt and Mrs. Newt were being paid for lobbying.

Anonymous said...

While it is at the least favoritism, spending $250k to avoid paying $5ok in interest isn't really doing Newt that big of a favor. He is still out $250k.

It would be the first time that a politician who was "bribed" was the one that gave money to the people who supposedly bribed him.

Awesome deal for Tiffany's they would get political favors and $250k. Bad deal for Newt, he is $250k poorer and has to do favors for Tiffany's.

Now if that $250k was never paid back, then you would have a bribe.

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