Newt’s Tiffany’s Story Doesn’t Bling True

May 23rd, 2011 at 12:52 am | 18 Comments |

| Print

Newt Gingrich may have some explaining to do when it comes to his credit arrangement with Tiffany’s: at least as of 2011, the zero percent interest financing he said he received from the famously fancy jeweler doesn’t seem to exist.

A look at Tiffany’s current credit agreement shows that Tiffany’s extends credit only at credit-card-typical rates of 8 to 21 percent. Generally, if there is any sort of zero percent promotion (no merchant would ever offer zero percent indefinitely) the merchant must make it clear in the credit terms. Here, for example, is the decidedly-less-classy-than-Tiffany’s Tires Plus Credit Card agreement that offers zero percent interest and states it up front.  Given that interest rates today are a good deal lower than they were in 2005 and 2006 and inflation is near nil, it would be odd if Tiffany’s offered interest free financing then but didn’t offer it now.

Provided Tiffany’s hasn’t ever offered interest free financing; there seem to be two choices neither of which look that good for Gingrich. First, and most likely, Gingrich did indeed, receive zero percent credit but got it as a special favor from Tiffany’s higher-ups. Although he wasn’t in public office at the time and getting special “celebrity” treatment wouldn’t violate any law, grubbing for favors from a fancy jewelry store doesn’t look very good for a person aspiring to become President. Second, and more simply, Gingrich did pay interest and is lying about it.


Recent Posts by Eli Lehrer



18 Comments so far ↓

  • Bunker555

    Tiffany’s Tires Plus Credit

    Do they sell Goodyear, Firestone, Bridgestone, and Michelin?

  • Elvis Elvisberg

    I am not exactly a dues-paying member of Mr. Gingrich’s fan club. But it’s not clear to me that facts submitted in this post are, or by right ought to be, a concern of voters.

  • Smargalicious

    This is the type of scrutiny by the media that discourages good people from running for the office.

    Instead, we get anti-American community organizers.

    God help us.

    • Archivist

      Oh yawn …

      I kinda ADMIRE how the ‘community organizer’ saved THOUSANDS of jobs and Chrysler by ‘organizing’ a bail-out ..

      I also LOVE the way the ‘community organizer’ was able to direct a successful operation to get Bin Laden …

      You people really need to come up with new material — the ‘teleprompter’ and ‘community organizer’ nonsense just highlights how LITTLE you actually know about what is going on in the USA today

  • ottovbvs

    Gingrich did pay interest and is lying about it.

    Newt lying? So what else is new?

  • CentristNYer

    Smargalicious // May 23, 2011 at 7:21 am

    “God help us.”

    Aren’t you a little old for imaginary friends?

    (And, BTW, didn’t you get Raptured?)

    • Smargalicious

      LOL!! You go ahead and vote for your African teleprompter reader next year, NYer…and you’ll probably be one of the few White taxpayers left in NY at the rate they’re moving out. Har!

      • Archivist

        You really have no idea how silly you sound with that ‘teleprompter’ nonsense, do you?

        You might as well say: “I have never been to a lecture, or a conference, or paid attention to a speech in my life… I am just a drone.”

  • TerryF98

    Newty is just a man of the people, a common man with no pretensions or elitism. I and anyone else is able to run up a half million in debt to the top jewelry house on the planet don’t you know.

  • indy

    This is the type of scrutiny…

    There is scrutiny here? Do tell, where may I find it? Vague insinuations is all I see.

    The man is a fountain of enjoyable missteps. No need to stretch for them.

  • Primrose

    For those who are perhaps misled by a statement of a certain troll, NY is not actually having a drain on population because of taxes. NY city is, not surprisingly, full of immigrants. The only place in New York state suffering a population drain is upstate and that is because there are not jobs for young people.

    Recent studies have shown that people don’t actually flee where they live because of taxes. The New York city metro area is particularly resistent to such moves sSince well, it’s New York, a world capital and the only places that compete against it are just or more expensive to live in or around.

    As for Gingritch, it matters if he used his celebrity to get special favors. It matters if, claiming to be a fiscal conservative, he isn’t. 500K in debt to Tiffany’s is not a necessary expense, nor even the kind of modest debt one can run into after buying a luxury item and then discovering a leak in the roof, or your car needs a new transmission. It also reveals a taste for living above his financial station which is never good for someone that high up in government.

  • Frumplestiltskin

    Is Callista greek for Gold digging home wrecker? Sure seems like it to me. Neither of the 2 is remotely likable.

  • bluestatepastor

    I do think it matters if he’s lying (again…). Voters have a right to know that. It is another mark against Gingrich’s personal integrity. But I suppose it is pointless to argue about integrity with internet trolls who show no evidence of having any, and make delusional remarks about “African teleprompters”…..

  • greg_barton

    Primrose, Smargalicious didn’t claim a drain on the population of NYC, just the white folk: Smargalicious sayeth, “…and you’ll probably be one of the few White taxpayers left in NY at the rate they’re moving out. Har!”

    Sure…har! I guess we can count at least one anti Obama nut as verifiably racist.

  • iseegreyhounds

    I’m not a fan of Newt’s, never have been, never will be. In fact, I’m a liberal democrat. But who cares about his Tiffany’s credit line? He’s a wealthy man who’s had several women to keep happy. Surely his personality and looks aren’t what endears him to the ladies. His public policies are my business, not how he spends his own money.

    • Bunker555

      ^+1 iseegreyhounds

      He’s dog poop now.

      Newt Gingrich, the former Republican speaker of the House, refused to provide many details about his revolving line of credit at the Tiffany’s jewelry store, but declared it “a normal way of doing business.” Speaking on CBS’s “Face the Nation” program, Mr. Gingrich would not say what jewelry he and his wife, Callista Gingrich, bought with the credit line. But he insisted that its existence did not say anything about how frugal he would be as president. “Go talk to Tiffany’s,” Mr. Gingrich said. “All I’m telling you is we are very frugal. We in fact live within our budget. We owe nothing. I’m a guy running for president who pays all of his bills in after-tax income at no cost to the taxpayer and who currently owes nothing except one rental property in Wisconsin. I am debt-free.”

  • RoedyGreen

    I have been puzzling for days what Newt could have bought at Tiffany’s that would be so embarrassing that he refuses to reveal it. I think I know — four identical diamond necklaces.