Tumblr Icon RSS Icon

Gingrich Calls For Romney To Return All The Money He Made ‘Bankrupting Companies And Laying Off Employees’

By Pat Garofalo  

"Gingrich Calls For Romney To Return All The Money He Made ‘Bankrupting Companies And Laying Off Employees’"

Share:

google plus icon

2012 GOP presidential hopeful Newt Gingrich has been taking a lot of heat for receiving $1.6 million from Freddie Mac, the government backed mortgage giant, and Mitt Romney has now piled on, calling on Gingrich to return the money. “He was on a debate saying that politicians who took money from Freddie and Fannie should go to jail,” Romney said.

Gingrich was asked about the remark today during an appearance in New Hampshire. He replied, “if Governor Romney would like to give back all the money he’s earned from bankrupting companies and laying off employees over his years at Bain, then I would be glad to listen to him.” Watch it:

It’s definitely true that Romney’s company — Bain Capital — made a lot of its money buying up companies and then laying off workers and reneging on benefits in order to turn a profit. In fact, even one of Romney’s former business partners has admitted, “I never thought of what I do for a living as job creation.”

‹ McConnell Claims New Agency Would ‘Bring Down The Banking System’ By Protecting Consumers

Math Fail: Fox News Says 8.6 Percent Unemployment Is Greater Than 8.8 And Equal To 9 ›

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.