Washington, DC – The Club for Growth PAC issued the following statement today in reaction to Speaker Newt Gingrich’s attacks on Governor Mitt Romney’s record at Bain Capital. 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.” (Source: New York Times, 1/8/11) Gingrich’s attack was echoed that same day that by the Democratic National Committee, which also attacked Romney for his job creation record at Bain Capital. (Source: Democratic National Committee YouTube Page, 1/8/12)

 

“Newt Gingrich’s attacks on Mitt Romney’s record at Bain Capital are disgusting,” said Club for Growth President Chris Chocola. “There are a number of issues for Mitt Romney’s Republican opponents to attack him for, but attacking him for making investments in companies to create a profit for his investors is just wrong. Because of the efforts of Bain Capital, major companies like Staples, Domino’s Pizza, and the Sports Authority now employ thousands of people and have created billions in wealth in the private economy. Attacking Governor Romney for participating in free-market capitalism is just beyond the pale for any purported ‘Reagan Conservative.’ Newt Gingrich should stop his attacks on free markets and apologize to Governor Romney for them.”