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Gingrich Slams Romney: I'm For Taking Risk, Trying To Save Companies, Not Looting Them

Newt Gingrich: I think at some point Gov. Romney's going to have to hold a press conference and walk through, with considerable detail, some of the companies that Bain took over where they apparently looted the companies, left people unemployed and walked off with millions of dollars.

Look, I'm for capitalism. I'm for people who go in to save a company. I'm for people who take real risk. I'm for people who grow jobs, and I understand sometimes you fail. I've run four small businesses in the last decade. It gets tough out there. It doesn't always work. I get that. But if somebody comes in, takes all the money out of your company and then leaves you bankrupt while they go off with millions, that's not traditional capitalism.

Matt Lauer: Considering the fact that Gov. Romney may eventually be the nominee of the party, can't you already hear the ads from President Obama's team saying this is a guy whose own party members called him a corporate raider, a predator and ruthless?

Gingrich: Any Republican who gets the nomination is going to have Axelrod and Obama figuring out every possible way -- they're going to raise a billion dollars. They're not raising it -- as the governor himself said in your quote, 'This ain't bean bag.' They aren't going to raise a billion dollars for fun. They're going to come after any Republican. That's why I think a Reagan conservative who's articulate, who can debate effectively is much more likely to beat Obama than somebody who can't defend their record. And I think Gov. Romney will have to defend what he did at Bain. That's his record. He's proud of the fact that he wasn't in public office while I was. Fine. He can take on my public record, but then he owes us a report on his stewardship of his private record, and we ought to do it now because whatever happens this spring, I guarantee you it will be much worse in September and October, and we wouldn't want to stumble into a campaign not knowing what's at risk.

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