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I am opposed to crony capitalism (government+corporations) which I consider to be fascist.

I am against this too. Where exactly is a venture capital company like Bain involved with the Gov't? Newt isn't even spinning that. What he is talking about is how someone makes a legal living in the Private sector and how immoral that form of profit is over other more "honest" ways. That is how the Regime talks about profit, not GOP candidates running for POTUS.

Here is what your friend Newt thought about Romney all the way back in the olden days about Mittens job creating and private sector experience.

Newt Gingrich praises Gov. Romney's business experience in 2010

This is just like when Newt said the Romney mandates were a great idea before he said they were not.

This whole sour grapes attack that is getting Mitt haters to defend him is worthless. Mittens whole MA Gov record is enough to sink him for good. Why isn't Newt on that?

People owe it to themselves to actually listen to Newt's explanation. Unfortunately, many Republicans don't seem to understand it, and are projecting it as an attack on capitalism.

But this isn't some Left-tard kind of attack at all. Newt's case is simple:

1) Romney's vaunted "private sector experience", is of a particular kind that's going to represent a huge liability in the general election. Nobody's asserting that Bain Capital's actions were necessarily illegitimate nor unlawful, but it's obvious that Romney was no white knight of heroic, entrepreneurial capitalism.

2) Questions on business ethics are legitimate inquiries that one should have to answer for, especially if they're running for public office—these are not attacks on capitalism, and it's completely goofy that some are construing it that way. Those advocating a "what happens in Vegas, stays in Vegas" attitude towards private enterprise activity, aren't doing capitalism any favors—rather, they're ironically validating the Left's destructive sophistry against capitalism.

Selling out capitalism in the defense of Romney and Bain

Even ZeroHedge doesn't defend Romney's record as a 'capitalist':

"Lately, Bain founder and GOP presidential candidate Mitt Romney has found himself in a spirited defense of the private equity industry, doing all he can to spin decades of data which confirm, without failure, that PE Leveraged Buy Outs are nothing but "efficiency maximizing" transactions whose only goal is the "maximization" of EBITDA in the pursuit of dividend recap deals, IPOs or outright sales, while loading up the company with untenable amounts of leverage. All this with a 3-5 year investment horizon, which ignores the long-term viability of a company and seeks to streamline (read fire as many as possible) operations as quickly as possible in the goal of maximizing short-term returns. We wish him luck in his endeavor."

Shame we have so many wannabe Capitalistas here at FR and elsewhere, who adamantly defend this kind of shuck and jive financial paper shuffling as exemplary acts of free-market enterprise.

My friend Newt...very funny. This isn’t an attack on capitalism nor on free enterprise. It is wanting the truth about Mitt Romney.

It’s called transparency, Lazlo. Romeny doesn’t want to talk about his background specifics involving Bain or his record governing Massachusetts. Why?

Would conservatives be supportive of Romney if he did a successful turnaround of a strip club, or a porn film studio? Bain bought failing businesses and either revialized them or stripped them down for liquidation. In one case they recieved a $10Million bailout from the Feds. (”According to the Globe, Romney’s company failed to repay at least $10 million to a failed bank and the rest of us had to absorb the loss. Romney abd others made $4 million dollars in this deal.”)

Nothing illegal, but do we want the guy as our Republican President?

If Romney has nothing to hide, then he should be transparent about Bain and about his term a Governor of Massachusetts.

As for Newt Gingrich, Romney dumped crap and negatavism on Gingrich in Iowa because Newt was ahead in the polls. Gingrich was talking positively, not attacking anyone but Obama, and about how he intended to better the nation. Politics is like war - once you attack your opponent, you can’t start whining about the counter-attack.

Sour grapes? I think not.

Dems are now saying Solyndra = Bain. Do we really want our candidate to have that target painted on him? How will the GOP counter that now? What is going to happen to all of the anti-crony capitalism arguments that the GOP was storing up for 2012?

In the end, if Obama supports bailouts and Romney does, too, and Newt challenges them, it would be Romney and Obama putting free enterprise on trial, not Newt.