Politics

Gingrich: Romney ‘Looted’ Companies At Bain Capital, ‘Leaving Behind 1,600 Families Without A Job’

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A super PAC backing GOP presidential candidate Newt Gingrich is set to unveil a $3.4 million ad blasting Mitt Romney as Bain Capital’s corporate “raider” who “destroyed” the livelihoods of “thousands of Americans and their families.” Claiming he has not seen the ads, Gingrich still insisted to reporters in New Hampshire that Romney’s work at Bain is equivalent to the wealthy plundering struggling companies. Picking up on the fact that Bain made millions while bankrupting nearly one-quarter of its companies and laying off workers, Gingrich said, “Those of us who believe in free markets and those of us who believe that in fact the whole goal of investment is entrepreneurship and job creation would find it pretty hard to justify rich people figuring out clever ways to loot a company, leaving behind 1,700 families without a job.” Watch it via the New York Times: