“Freddie Mac helped cause the economic collapse, but Gingrich cashed in.”

Claim: “Freddie Mac helped cause the economic collapse, but Gingrich cashed in. Freddie Mac paid Newt $30,000 an hour, $1.6 million.”

Ad(s):  Baggage

Sponsor(s): Restore Our Future

Air Dates: Dec. 19, 2011 – Jan. 31, 2012

Total Estimated Spending On This Claim: $565,787

Markets: Cedar Rapids, Davenport, Des Moines, Rochester (MN), Sioux City, Augusta, Charleston (SC), Columbia (SC), Greenville (SC), Myrtle Beach, Savannah, Ft. Meyers, Orlando, Tampa, West Palm Beach

FactCheck.org’s Summary: “The same ad says Gingrich earned “$30,000  an hour” from Freddie Mac – an exaggeration. His firm got between $25,000 and $30,000 a month and Gingrich said he personally spent only about one hour per month meeting with Freddie Mac officials. But his firm had many employees and overhead expenses, too.”  Click here to read more