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As Gingrich's ad asserts, National Journal did report that Romney's investments in mortgage companies Fannie Mae and Freddie Mac were not in a blind trust. And Romney's personal financial disclosure forms show he owned between $250,001 and $500,000 in the Federated Government Obligation Fund, which contained mutual-fund notes of politically sensitive Fannie and Freddie. An addendum to Romney' disclosure forms says certain assets, including the federated fund, were outside the scope of his blind trust. The investment was not on Romney's 2007 financial form, making it a relatively new one coming just as the housing and financial crises were hitting Americans full force. Romney and his campaign have, nonetheless, denied that he had any knowledge of his large investment in the fund. The final factual claim, that Romney says he had no knowledge of an ad from his campaign against Gingrich, is true. Also true is that Romney's voice can be heard at the end of the ad, approving its message. But there is no way to determine whether Romney saw the ad before his campaign put it on the air. Beyond the ad's specific claims, Gingrich has chosen to take an unusually personal tone that effectively calls his opponent untrustworthy and a liar. That's a sign both of Gingrich's frustration and the high stakes. Both Gingrich and Romney believe a Florida victory could catapult them to the Republican nomination. The ad is also a variation on a theme Gingrich has tried to push about Romney. Gingrich's campaign wants voters to see Romney as a flip-flopper and someone who will say anything to get elected. But this ad is stripped of even a patina of civility. As Romney has done before him, Gingrich also raises the specter of a second term for President Barack Obama as the consequence of voting for his opponent. Both candidates seem to be talking past each other on the issue of electability. In Iowa and New Hampshire, Romney was viewed by voters as more electable. In South Carolina, where Gingrich jolted the race with a victory, he was viewed as the candidate with the best chance of beating Obama. One thing both campaigns seem to agree on is Obama's effectiveness as a bogeyman in GOP primaries.
[Associated
Press;
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