(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.
Readers interested in the truth about "traditional capitalism," as it is practiced in this country, will find this article from Reuters extremely interesting: Special report: Romney's steel skeleton in the Bain closet.
The article is exactly what Dr. Newt ordered, a "walk through, with considerable detail," of Bain's takeover of a steel mill in Kansas City. Read the story more than once. It is a case study of capitalism at work, not free market capitalism by any stretch of the imagination, but crony capitalism as it exists in the United States. It's a
