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Gingrich: $500,000 jewelry debt is ‘normal way of doing business’

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Republican presidential candidate Newt Gingrich said Sunday that a debt of up to $500,000 to Tiffany’s had been paid off.

“Did you owe a half million dollars to a jewelry company at one point?” CBS’ Bob Schieffer asked Gingrich.

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“It’s a standard no-interest account,” Gingrich explained. “We paid no interest on it. There was no problem with it. It’s a normal way of doing business.”

“I mean, it’s very odd to me that someone would run up a half million dollars… bill at a jewelry store,” Schieffer noted.

“Go talk to Tiffany’s. All I’m telling you is we are very frugal. We in fact live within our budget. We owe nothing,” Gingrich insisted.

“What did you buy?” Schieffer wondered.

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“It’s a personal — it’s my private life,” Gingrich objected. “If the U.S. government was as debt free as I am, everybody in America would be celebrating. I think I have proven I can manage money.”

“As a private citizen who has done well, I think I’m allowed to pick and choose what I prefer doing.”

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Watch this video from CBS’ Face the Nation, broadcast May 22, 2011.


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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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2020 Election

Heather Heyer’s mom says things have gotten worse since Charlottesville — but she has a solution

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CNN's Ana Cabrera on Saturday interviewed Susan Bro, the mother of Heather Heyer. Her daughter was murdered by a white nationalist terrorist during the "Unite the Right" rally in Charlottesville, Virginia in 2017.

"When you watch what’s happening in Portland, thankfully everything right now is peaceful, but does it sort of give you that knee-jerk reaction where your hackles kind of go up, just given everything your family has been through?" Cabrera asked.

"My hackles don’t really go down anymore," Bro replied. "I am constantly tracking these things around the country as they happen. Yeah, I think after two years ago, mine will never completely go down again."

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Trump-loving “hate group” leader struggles to defend chauvinism during CNN interview on Portland chaos

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Portland, Oregon on Saturday was the scene of another far-right mobilization by groups such as the Proud Boys and Patriot Prayer.

CNN's Sara Sidner interviewed Enrique Tarrio, who succeeded Gavin McInnes as the chairman of the Proud Boys. The group is listed as a hate group by the Southern Poverty Law Center.

Tarrio had traveled from Miami to take part in the far-right rally in Portland and appeared to be wearing body armor.

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‘Go back to Harlem!’: Florida woman has n-word laced meltdown after bumping black woman’s shopping cart

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On Saturday, the Atlanta Black Star reported an incident in Florida, in which a white woman screamed racial slurs at a black woman at a Publix supermarket in Miami after their shopping carts jostled each other.

After the woman allegedly banged into Nicki Johnson's cart, she refused to apologize, saying, "I didn't hit you with my cart, and f**k you,  you f**king n****r."

Johnson whipped out her cell phone camera, and began recording the incident, saying "You, why don't you call me a n****r again?"

"You thinking I'm sorry?" snapped the woman. "Let me tell you something, I don't have to call you anything. Get away from me, I will call security and there are surveillance videos. Get away from me!"

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