Gingrich: I'm Not Attacking Capitalism; I'm Attacking Romney's Judgment

Thursday, 12 Jan 2012 04:14 PM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Former House Speaker Newt Gingrich said his recent criticism of Mitt Romney for his work with investment firm Bain Capital was “not an attack on capitalism.” Gingrich has himself been criticized by others in the GOP for his line of attack, Politico reported.

“It’s legitimate to ask the question — and this is the whole Wall Street problem — how come the big boys made a lot of money and [others] went broke?” Gingrich said in an appearance on Fox News, according to Politico. “And that’s not an attack on capitalism. That’s not an issue about the whole capitalist system. That is a question about a very particular style of activity involving a very particular person.”

Gingrich insisted his criticism of Romney was not “about the general process of entrepreneurial conservatism” but a “series of cases that don’t look right.”

“This issue at hand is neither about Bain Capital, private-equity firms, nor about capitalism. It is about Mitt Romney’s judgment and character,” Gingrich spokesman R.C. Hammond said, according to Politico. “It was Gov. Romney’s decision to base his candidacy, in large part, on his background as a portfolio manager. Thus, it is entirely legitimate to ask questions about whether he is accurately presenting how he conducted himself during that career.”

Among those critical of the line of attack are Romney supporter Sen. John McCain and former New York Mayor Rudy Giuliani, who said Gingrich’s attack was “ignorant” and “dumb.”


© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Boehner's Christmas Carol Celebrates a GOP Congress

Thursday, 18 Dec 2014 23:15 PM

Republican House Speaker John Boehner put his own political spin on "a Christmas reading" on his YouTube page Thursday,  . . .

Dershowitz: Hollywood Should Have Followed Rushdie Example

Thursday, 18 Dec 2014 22:29 PM

Hollywood should have rallied around Sony Pictures and released "The Interview" jointly online, says Harvard law profess . . .

Army Pulls ROTC Job Posting Requiring Christian Candidates

Thursday, 18 Dec 2014 22:18 PM

The Army has pulled a job posting at an Illinois religious college that required leaders of its ROTC program to be Chris . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved