I think you are correct in saying Newt was wrong with a few of his comments, but to claim it was entirely a fabrication, an attack on capitalism itself, or that the attack is not correct is short sighted. Here is his commentary yesterday (scroll down at link to video), it explains it fairly cleanly: http://legalinsurrection.com/2012/01/selling-out-capitalism-in-the-defense-of-romney-and-bain/
Very good link. Newt explains why Romney’s business model is NOT what we want and need in a president. I don’t know how he could explain it any more clearly.
Again, Newt proves he is a much better teacher than Rush on this issue.