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Afternoon Fix: Gingrich assails Romney for ‘bankrupting and laying off employees’ at Bain
Washington Post ^ | Dec 12, 2011 | Aaron Blake

Posted on 12/12/2011 3:47:29 PM PST by americanophile

Newt Gingrich today laid into Romney today for his record at Bain Capital, suggesting Romney got rich off others’ misery and alluding to Romney’s ill-thought-out $10,000 bet from Saturday’s debate. “I would just say if Governor Romney would like to give back all the money he has earned from bankrupting and laying off employees over his years at Bain, then I would be glad to then listen to him, and I bet you $10 -- not $10,000 -- that he wouldn’t take the offer,” Gingrich said. The remarks came in response to Romney’s criticism of the money Gingrich earned working for Freddie Mac.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Culture/Society; Politics/Elections
KEYWORDS: bain; bain4911mosque; gingrich; rinoromney; romney; romney4911mosque; romney4islam
So now we're anti-capitalist? Great Newt, thanks for the populist, "Occupy" rhetoric. The lefties are loving this. This is exactly the problem with Newt, he's a loose cannon. I don't care anymore, good luck GOP, you're gonna need it!
1 posted on 12/12/2011 3:47:30 PM PST by americanophile
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To: americanophile

Well, if Gingrich doesn’t like it, he can make capitalism illegal, if he gets to be president.


2 posted on 12/12/2011 3:50:27 PM PST by nickcarraway
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To: americanophile

This is the type of comment I’d expect from Obama not Newt.


3 posted on 12/12/2011 3:55:45 PM PST by KansasGirl
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To: americanophile

Some people might be thinking what Romney did with some of those companies (i.e., bankrupting them and laying off people) is the same thing he should do with the out-of-control federal government. Just sayin’.


4 posted on 12/12/2011 3:56:34 PM PST by Saundra Duffy ( For victory & freedom!!!)
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To: americanophile
I don't care anymore,...

Thanks for going to the trouble of making us aware of that simple fact. ; )

5 posted on 12/12/2011 3:58:18 PM PST by EGPWS (Trust in God, question everyone else)
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To: nickcarraway

When someone throws a stone at you throw a rock back.

Good for Newt. I hated it when Bush absorbed all of the attacks on himself. Hit back.

Romney wants to play hard play hard back.

Tired of Republicans who won’t defend themselves.

Newt wont stand by and let the Democrats run all over him like the republicans have been doing.


6 posted on 12/12/2011 3:58:30 PM PST by Venturer
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To: americanophile

Why is Newt attacking Romney anyway? He doesn’t need too. He’s winning. Why did he veer off course? Before he’d been steering clear attacking other candidates. This was a tactical mistake on Newt’s part, imo.


7 posted on 12/12/2011 3:58:51 PM PST by KansasGirl
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To: americanophile

What Romney did was totally fine in a market economy. Buying companies and making them more competitive is useful for the economy.

What Gingrich did with his “consulting” with Fannie Mae is legal but corrupt in the sense that he was fully participating in a corrupt political system. In fact, he is such an expert at maneuvering that corrupt system that he was able to sidestep the regulations by not registering as a lobbyist.

Please don’t be so stupid as to believe that the huge fees Gingrich got from Fannie Mae was for so-called “consulting.” Fannie Mae and Freddie Mac were dishing out money to every politician who would help their cause. Fannie and Freddie had the biggest pig trough the government has ever seen and Newt was feeding on it more than anyone.

There is no question that Newt Gingrich will perpetuate our corrupt political system as he has for decades. He is the poster child. He was the leader of it. He will allow the politicians in Washington D.C. and around the country to continue their unholy alliance with special interests (like Fannie and Freddie.)

As Sarah Palin has said, crony capitalism is probably our biggest problem. Our politicians are serving their sugar-daddy special interests, not the people. Until we clean out the corruption, it will be almost impossible to fix our system, economy and country.

Don’t be fooled by Gingrich. He is telling people what they want to hear without meaning it.

He is playing you.

DON’T BE STUPID: NEWT IS CORRUPT AND WILL PERPETUATE A CORRUPT GOVERNMENT.

.


8 posted on 12/12/2011 3:59:23 PM PST by bobk333
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To: americanophile

Why attack Newt, Romney threw the first stone.

People who live in glass houses shouldn’t throw stones.


9 posted on 12/12/2011 4:00:31 PM PST by Venturer
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To: americanophile

Gringrich is not helping himself with me. Hell, why doesn’t he just go join the Occupiers?


10 posted on 12/12/2011 4:00:53 PM PST by San Jacinto
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To: americanophile
Just from the lead-in of the story admittedly so, I did not necessarily see anything rhetorical that was "anti-capitalist" (sic). I DID in fact see a critique of the management capability, flawed, of somebody within the confines of the Capitalist System.

I have worked for some real jerks who could not handle their positions of authority, and ran institutions into the ground, and had to resort to layoffs to save their own skins and those at the top tier. Eventually, they were booted out too. My criticism of them is anything but "anti-capitalist" (which would necessarily call for socialism or another system), but rather, against mismanagement and professional incompetence.

I do not like Gingrich, dislike Romney even more-so, but isnt that what Mr. Gingrich is saying here?

Not to mention, if he is in fact (gulp!), the eventual GOP nominee, he certainly will need the template for Obongo who is a 1000 times worse in executive management skills and being responsible for MILLIONS of people being laid off and not being able to return to work. Just a thought for additional balance. In fact, THAT will be a great narrative regarding the failure of SOCIALISM!!

11 posted on 12/12/2011 4:04:17 PM PST by AmericanInTokyo (Bye bye Hugo (Chavez)...I smell sulphur approaching.)
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To: Venturer

How was becoming Pelosi’s lap dog & going on an apology to her fighting back. Fighting back smart is one thing.


12 posted on 12/12/2011 4:06:27 PM PST by nickcarraway
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To: San Jacinto
Gringrich is not helping himself with me. Hell, why doesn’t he just go join the Occupiers?

He represents the *only* point of agreement between the Tea Party and the Occupiers (although the Occupiers don't really comprehend the issue or what they are for and against.)

Newt represents the corruption in our politics than has allowed special interests -- corporations, unions, environmental groups, foreign governments, etc -- to control our government big time. Politicians serve their special interests, not the people.

Voting for Newt Gingrich is voting to perpetuate the system of corrupt politics that has ruined out government, country and economy.

.

13 posted on 12/12/2011 4:07:45 PM PST by bobk333
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To: All
I would like to add the disclaimer that I am not in support of Gingrich at this time. However I am NOT nor will I EVER BE in support of ROMNEY. Ever. Period.

I would like any and all Freepers who come on to take issue with Gingrich to--especially those who do not post on FR very often but are now suddenly on threads, for the sake of complete transparency, state which GOP Presidential primary candidate in race they in fact do support, or perhaps more precisely, if they categorically assail and reject Mitt Romney for President.

Me? I am more into what Bachmann and Santorum are saying at this time.

I am being as up front and transparent as possible on this. Can other posters be that way, too?? (Actually, still in the heart of hearts a Herman Cain suppporter licking the wounds, ready to vote for him if he is still on my state's ballot, but that can change of course)....

14 posted on 12/12/2011 4:10:56 PM PST by AmericanInTokyo (Bye bye Hugo (Chavez)...I smell sulphur approaching.)
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To: americanophile
Romney did shut down some companies and caused some layoffs.Lots of them actually.

That is progress and that is Capitalism.

Unfortunately in the bigger picture when China (and other countries) is/are the only ones manufacturing anything how can America possibly expect to maintain any clout in the world?

The American Experiment is a failure. We could have kept the China Commies as backward losers forever but Carter knew better and besides bearing responsibility for the death of maybe millions he also caused the destruction of the greatest Economic System that the world has ever known.

China sells junk and poisons our dogs.

All of their imports ought to be shunned and would be if people actually cared about the families that are to follow this filicidal generation.

15 posted on 12/12/2011 4:12:51 PM PST by Radix ("..Democrats are holding a meeting today to decide whether to overturn the results of the election.")
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To: americanophile
So now we're anti-capitalist? Great Newt, thanks for the populist, "Occupy" rhetoric

So, Gingrich should sit back and take Mittins' defining Newt's work? Seems like tit for tat to me. Gingrich will fight back. Is Romney looking for another bet?

16 posted on 12/12/2011 4:21:28 PM PST by Mike Darancette (Either Obama can beat any GOP candidate or no GOP candidate.)
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To: americanophile; nickcarraway; All

No, it’s not anti-capitalist. It’s stupid. Romney was stupid to attack Newt for his earnings as a private citizen. And everyone from Fox News (an agency that is fully in the tank for Romney) on down is stupid for attacking Newt for his simple observation about Bain Capital which is well-known for buying undervalued companies, breaking them up, and selling off their assets for profit. Neither are anti-capitalist and neither are anti-conservative. Further, I believe Romney was deadly serious with his attack and Newt was simply making a snide tongue in cheek remark in return.

People need to keep a sense of humor and a sense of proportion.


17 posted on 12/12/2011 4:23:09 PM PST by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: americanophile

According to “Can Mitt Rmney Serve Two Masters” by Tricia Erickson, Mitt has maded many a fortune doing just that.


18 posted on 12/12/2011 4:24:29 PM PST by Paperdoll (on the cutting edge)
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To: Venturer

Did Newt offer any suggestions on how to insure all companies remain profitable so that reorganization is never necessary?


19 posted on 12/12/2011 4:26:33 PM PST by Carolyn826
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To: Mike Darancette

If Newt wasn’t such an egghead he would have simply answered the question with - “I am running against Barack Obama, who is destroying the nation, etc etc” But he is an egghead


20 posted on 12/12/2011 4:28:16 PM PST by doosee
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To: Jim Robinson

Earnings paid by Americans taxpayers. Gingrich cares about one thing ... me, me, me.


21 posted on 12/12/2011 4:31:55 PM PST by Carolyn826
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To: americanophile

Newt’s lack of understanding of the private sector is showing.

Mitt did what venture capitalists do. Not all ventures succeed brilliantly... duh. Not all ventures fail either.

These comments from Newt and some of his other recent remarks reveal him to not be as sharp as he likes people to think he is.


22 posted on 12/12/2011 4:38:56 PM PST by La Enchiladita (Newt says amnesty isn't amnesty.)
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To: bobk333

The Occupiers are just a group of socialists and a bunch of useful idiots under their control. The useful idiots are there to mumble “Ya know, they got some good points.”

As for Gingrich, I cannot trust him. Yet, if he becomes the nominee, here I go again. Voting and hoping. Will he really reform the tax code and cut government— or will he just plow the field and plant the seed for the next full blown socialist regime to waltz into place? Yeah, yeah, deep down I know the answer.


23 posted on 12/12/2011 4:39:14 PM PST by San Jacinto
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To: americanophile
Romneybets, Romneybets
24 posted on 12/12/2011 4:45:30 PM PST by FrankR (What you resist...PERSISTS!)
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To: Radix
Unfortunately in the bigger picture when China (and other countries) is/are the only ones manufacturing anything how can America possibly expect to maintain any clout in the world?

Santorum addressed the need to revive manufacturing (in rural and small town America) in answer to first debate question last Sat. night. As always, he has the most specific responses.

We need to get tough economically, not militarily, with China. Why doesn't this happen?

25 posted on 12/12/2011 4:46:10 PM PST by La Enchiladita (Newt says amnesty isn't amnesty.)
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To: AmericanInTokyo

“I do not like Gingrich, dislike Romney even more-so, but isnt that what Mr. Gingrich is saying here?”

Here is exactly what Mr. Gingrich is saying here: “I would just say if Governor Romney would like to give back all the money he has earned from bankrupting and laying off employees over his years at Bain, then I would be glad to then listen to him,”

So, Romney is supposed to give back all the money he made so that Gingrich will listen to him? I don’t think so!


26 posted on 12/12/2011 4:56:49 PM PST by ngat
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To: americanophile

I read the article as accusatory remarks concerning making money without really earning it. Neither was accusing the other of doing anything illegal or even wrong. Mitt fired the first salvo and Newt fired back. I didn’t read anything into Newt’s statement concerning his philosophy on capitalism, and those who did are really stretching things.


27 posted on 12/12/2011 4:57:20 PM PST by sanjuanbob (Festina Lente)
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To: AmericanInTokyo

“I do not like Gingrich, dislike Romney even more-so, but isnt that what Mr. Gingrich is saying here?”

Here is exactly what Mr. Gingrich is saying here: “I would just say if Governor Romney would like to give back all the money he has earned from bankrupting and laying off employees over his years at Bain, then I would be glad to then listen to him,”

So, Romney is supposed to give back all the money he made so that Gingrich will listen to him? I don’t think so!


28 posted on 12/12/2011 4:58:32 PM PST by ngat
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To: Mike Darancette

No, he can slam Romney, but do it on Romney’s record (there’s plenty there), you don’t have to go half-cocked anti-capitalist, which is what this is. So much to like about Newt, but he’s undeniably a loose cannon.


29 posted on 12/12/2011 5:01:12 PM PST by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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To: Saundra Duffy
Some people might be thinking what Romney did with some of those companies (i.e., bankrupting them and laying off people) is the same thing he should do with the out-of-control federal government.

Well, people might think he should do that with the federal government. But there is no indication that's what Romney thinks he should do, or that he will do anything other than what he did as Massachusetts governor, and expand the size of government dramatically...

30 posted on 12/12/2011 5:18:37 PM PST by Charles H. (The_r0nin) (Hwaet! Lar bith maest hord, sothlice!)
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To: americanophile
No, he can slam Romney, but do it on Romney’s record...

So how do you feel about Romney's original slam of Newt. Shouldn't he have done so based on his public service and record? Or do those rules only apply to everyone other than Romney?

P.S. I'm not a Gingrich supporter. But I can smell hypocrisy from a mile away...

31 posted on 12/12/2011 5:21:58 PM PST by Charles H. (The_r0nin) (Hwaet! Lar bith maest hord, sothlice!)
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To: bobk333

It would seem that Roney had sosmething to do with a lot of people losing their jobs in companies he owned. Roineney may be a Temple Priest, but he is no angel.

Read “Can Mitt Ronney Serve Two Masters?”, by Tricia Erickson. She has the full story.


32 posted on 12/12/2011 5:24:58 PM PST by Paperdoll (on the cutting edge)
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To: Charles H. (The_r0nin)

I didn’t especially care for Romney’s line of attack either. Though peddling influence as former Speaker for bankrupt, taxpayer bailed-out Fanny Mae, which Gingrich himself slams, is a ripe target, and Ron Paul already zinged him on it.


33 posted on 12/12/2011 5:28:44 PM PST by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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To: americanophile

step right, step right up folks, its crap vs crap sandwich! with an easy to win elections the dumb Old party trots out its best big gov candidates! its repeal and replace(instead of repeal and ...NOTHING!!) the gop will snatch defeat from the jaws of victory! hey and we can get Hannity and the grate one to bitch at us real conservatives when we rail against their guys.


34 posted on 12/12/2011 5:28:44 PM PST by 09Patriot (your freedom to be you, includes my freedom to be from you.--Wilkow)
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To: 09Patriot

whooooooooooo hooooooooooooo its repeal and replace! because everyone knows a bill with a little r by its name is better than a bill with a little d by its name! yes republicans can write a better government healthcare bill you just ask’m they’ll tell ya


35 posted on 12/12/2011 5:33:12 PM PST by 09Patriot (your freedom to be you, includes my freedom to be from you.--Wilkow)
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To: americanophile

To be fair, Newt, you could afford a $10,000 bet.


36 posted on 12/12/2011 6:01:01 PM PST by eclecticEel (Life, Liberty, and the Pursuit of Happiness: 7/4/1776 - 3/21/2010)
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To: americanophile

Gingrich sounds like and OWSr on this one.


37 posted on 12/12/2011 7:07:06 PM PST by Signalman
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To: americanophile
Hmmmmmmmmmmmmmmmmmmmmmm.

Mitt 'Hussein' Romney and Bain are behind the 911 Victory Mosque sale.

"(The GroundZero Mosque) cleared its final hurdle ….
developers plan to build the $100 million center which will include a mosque.
Since its incipient stages in July 2009, when a Muslim-run real-estate development
company purchased the damaged, vacant building and land where the new center
will be built, the project has sparked controversy and debate.
.... the tattered building that was bought by the Muslim real estate company had
been owned by a subsidiary of Bain Capital, a company Romney founded in 1984.

So it’s OK if his company can profit off the sale of the land ."


“Bain Capital, has cut checks totaling $90,000 to Romney’s operation. “


38 posted on 12/13/2011 4:59:29 AM PST by Diogenesis ("Freedom is never more than one generation away from extinction. " Pres. Ronald Reagan)
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To: Diogenesis

Given my feelings about Islam, were there any truth to that, I would be very concerned. Bain Capital purchased Burlington Coat Factory, which had a store in the building. Burlington apparently rented the space from the owners, the Pomerantz family, who had owned the building since the mid 1960s. It was the Pomerantz family who sold it to El-Gamal, the current re-developer, who wants to turn it into a mosque. It doesn’t have anything to do with Bain Capital, and certainly not Romney, who left Bain Capital in 1999 anyway - 2 years before 9/11. Your post is just wrong.


39 posted on 12/13/2011 11:03:10 AM PST by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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