“Newt Gingrich says he’s a student of history, but he must have gone to the same school as Barack Obama if he is reaching the same wrong conclusion about economic freedom," said Club for Growth President Chris Chocola. “Mitt Romney made his money from putting capital to work to create jobs and economic growth. We should encourage, not criticize, such behavior. Newt Gingrich’s comment that Mitt Romney made money from ‘no work’ is ridiculous and continues his poisonous attack on economic freedom.”
Statement On Newt Gingrich’s Attacks On Mitt Romney And Bain Capital:
Newt Gingrich’s attacks on Mitt Romney’s record at Bain Capital are disgusting,” said Club for Growth President Chris Chocola. “There are a number of issues for Mitt Romney’s Republican opponents to attack him for, but attacking him for making investments in companies to create a profit for his investors is just wrong. Because of the efforts of Bain Capital, major companies like Staples, Domino’s Pizza, and the Sports Authority now employ thousands of people and have created billions in wealth in the private economy. Attacking Governor Romney for participating in free-market capitalism is just beyond the pale for any purported ‘Reagan Conservative.’ Newt Gingrich should stop his attacks on free markets and apologize to Governor Romney for them.”
Now, I know Club For Growth must be one of those establishment republican RINO organizations and all....
Mitt Romney has been quick to justify his record of laying-off workers and closing plants as CEO of Bain Capital by wrapping himself in the “creative destruction” of free market capitalism. But Romney’s concept of capitalism is that you can fire workers and strip companies on the way up — and then if you are big and influential enough — demand taxpaying workers bail you out on the way down.
http://www.conservativehq.com/article/6235-romneys-real-bain-capital-problem-hypocrisy
To Mitt Romney, venture capitalist, the average worker is an expendable line on a spreadsheet — until that worker’s tax dollars were needed to bailout financiers who promoted the leveraged buyouts and packaged the exotic financial instruments that led to the financial meltdown of 2008.
Who is more anti-capitalist? Is it Romney’s opponents, who question whether or not a form of capitalism that allows a handful of rich people to avoid moral hazard, manipulate the lives of thousands of other people and then walk off with the money by getting a bailout from the taxpayers?
Or, are the real anti-capitalists Mitt Romney and his establishment friends in the Washington/Wall Street Axis who hypocritically enjoy having the option of firing “the little guy” and stripping the factory on Main Street on the way up — but then use their insider power and influence to demand those same little taxpayers bail them out on the way down? ~ Richard Viguerie