Feb. 8, 2012
Administration begins oil embargo against Iran, freezes assets in the U.S., and sends third carrier group to Persian Gulf.
Global recession, lack of jobs, overregulation from the current administration, mortgages written during peak real estate years and new competition all add up to hard times for the commercial real estate market.
Money funded campaign in favor of government regulations against competitors.
Conservatives do their cause no favor by inventing Mr. Smith Goes to Washington scenarios of Newt as a hapless outsider.