Well, except for this one little, itty, bitty spot which also he uses as his launching pad to instigate attacks against other presidential contenders like MittRomney. On Thursday’s Fox and Friends, Newt took the modified trio of Steve Doocy, Blonde #3 and Eric Bolling, to task regarding Mitt Romney and his past with Bain Capital. Bolling, however, saw any attack on Bain Capital as an attack on capitalism.
Needless to say, the Fox and Friends crew was not too thrilled with the once GOP frontrunner who they seemed to see as a threat to their world view. So much so that Steve Doocy battered the former speaker with a steady flow of “rights” and “okays” near the end of the segment just to get the man off the program.
Nevertheless, Gingrich claimed throughout that he was not questioning capitalism. But that it was perfectly legitimate for HIM to ask the question of “how come the big boys made a lot of money and they (the smaller companies that were meant to be saved) went broke.” After all, as the Great Historian explains, “This is the whole Wall Street problem.”
BLONDE #3: What you’re calling for him to do is to come out and explain why those five, in particular, companies went bankrupt. You want to hear him say that they took out too much debt or you want to hear him say what?
[Technical difficulties ]
NEWT GINGRICH: I would just say to you that when you have a circumstance where they made a lot of money and the company went broke, it’s legitimate to ask the question, and this is the whole Wall Street problem, how come the big boys made a lot of money and they went broke? That’s not an attack on capitalism. That’s not an issue about the whole capitalist system. That is a question about a very particular style of activity, involving a very particular person. Remember we’re not talking about the system. We’re talking about somebody who’s running for president of the United States and we’re asking a question about his judgment, his values, the choices he made. It seems to me that that’s very sensible…
BOLLING: But Mr. Speaker, you are attacking the essence of capitalism.
GINGRICH: No, I’m not.
BOLLING : Venture capitalism is taking risks. Look Bain Capital took risks on companies that likely may have failed had they not taken the risk.
GINGRICH: Yeah, but…
BOLLING : Sir, just allow me…
GINGRICH (mistaking Eric for Steve): Steve, wait a second. You don’t even know. Go on my website. You have no evidence, you have no proof. They’re a totally private firm; they have never explained what they do. So you’re making some assumptions. I’m just asking a question.
BOLLING: But that’s what they do they go after vulnerable companies and try and make sure they don’t go bankrupt. I’m no fan.
GINGRICH (talking over Bolling): I don’t have any question about the general behavior of Bain Capital. I don’t have any question about the general process of entrepreneurial conservatism. There are a series of cases that don’t look right and I’m saying for a guy to run for president, use his record as the basis for running and then tell us that we’re not allowed to ask about his record, to ask about the record of a presidential candidate.
BOLLING: Sir, let me follow that up, though. Let me follow that up, though –
GINGRICH : I don’t get this automatic blank “Please don’t look. Please don’t ask for details.” I can’t think of any other place in American life –
BOLLING: But, sir –
GINGRICH: … where the news media would back off and say, “Oh my gosh. We can’t look at this.”
BOLLING: Mr. Speaker –
GINGRICH: That’s just nonsense. We have a very specific companies in a very specific case. And I’m not … This is not the center piece of my campaign. But it’s a legitimate important question just as by the way the point that the gentleman made in Greenville
THE REAL STEVE DOOCY: Right.
GINGRICH: … or in Spartanburg was very straightforward: Romney claims to be a conservative. –
GINGRICH: … He raised taxes so much –
GINGRICH: … we have an entire site –
GINGRICH: … called MittRomneyTaxes –
GINGRICH: … .com. He in fact –
DOOCY: Mr. Speaker, we’re about to run out of time.
GINGRICH: Okay… Uh, he in fact was for gun control
GINGRICH: and raised taxes on the (inaudible)
BLONDE #3 (stretching her voice to speak over Gingrich): People can look at it online.
GINGRICH: … Big gap between his record and his rhetoric.
BLONDE #3: Newt Gingrich, thanks so much for joining us with your perspective on all of this. We appreciate it.
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