During the GOP primary, Newt Gingrich made attacking Mitt Romney’s record at Bain Capital one of his primary focuses. “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,” Gingrich said in New Hampshire in January, “we find it pretty hard to justify rich people figuring out clever legal ways to loot a company, leaving behind 1,700 families without a job.” “You have to raise questions when somebody comes in, takes over a company…and then drains of its money and walks off leaving people behind on unemployment,” Gingrich told Bloomberg of Romney’s time at Bain.
Gingrich’s Super PAC was even more aggressive, purchasing a lengthy documentary-style video that assailed Bain Capital, and running other ads hitting Romney for killing jobs at Bain.
But now that Gingrich is supporting Romney and campaigning for him, the former House Speaker is criticizing attacks on Bain, saying they won’t work. The Atlanta Journal-Constitution reports:
Gingrich did not exactly recant, but did acknowledge the ineffectiveness of one attack he used on Romney — the private equity firm Bain Capital. When Gingrich accused Romney and Bain of taking over companies and downsizing them at the expense of workers, he was widely condemned by fellow Republicans and eventually backed off.
This week the Obama campaign released an ad along those same lines. Gingrich said his experience should be a lesson to Obama: “that dog won’t hunt.”
Gingrich said the attack will not resonate in voters’ minds as they think: “You want me to be mad because in one company somewhere Romney may have in fact been involved in someone losing their job while you as president have been involved in millions of people losing their jobs?”
Perhaps Gingrich just thinks attacks on Romney’s record won’t be successful, or perhaps he’s trying to Etch-A-Sketch away the myriad attacks he launched against on the former Massachusetts governor during the primary, now that Romney is the presumed GOP nominee and it’s useful for Gingrich to curry favor with him.