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  • Gingrich’s Own Close Tie to Buyout Industry

    01/09/2012 9:34:11 PM PST · by americanophile · 49 replies
    NY Times Blog ^ | January 9, 2012 | By PETER LATTMAN and JIM RUTENBERG
    Newt Gingrich has ramped up his attacks on Mitt Romney as a heartless leveraged buyout executive for his years at Bain Capital, asking reporters in Manchester on Monday, “Is capitalism really about the ability of a handful of rich people to manipulate the lives of thousands of other people and walk off with the money? Or is that, somehow, a little bit of a flawed system?” But Mr. Gingrich was himself on an advisory board for a major investment firm that had a similar business model, Forstmann Little, a pioneering private equity firm co-founded in 1978 by Theodore J. Forstmann...
  • Club for Growth Blasts Gingrich for Bain Attacks

    01/09/2012 10:01:52 PM PST · by Saundra Duffy · 259 replies · 7+ views
    National Review Online ^ | January 9, 2012 | Patrick Brennan
    In a press release this afternoon, Club for Growth criticized Newt Gingrich for his attacks on Mitt Romney’s career at Bain Capital, calling them unbecoming a “Reagan Conservative.” Club for Growth’s statement: Yesterday, 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…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.” Gingrich’s attack was echoed that same day that by the Democratic National Committee, which...