The Romney camp is e-mailing this clip of Newt Gingrich in 2008, saying of Fannie Mae and Freddie Mac that “everybody who was profiting for them should pay the cost of having failed, and the general taxpayers should not bear that burden”:
He also dismissed Gingrich’s remark that Romney should return the money he received from Bain Capital.
“In my enterprise we had the occasion to build tens of thousands of jobs and he doesn’t understand the economy if he doesn’t understand that sometimes businesses succeed and sometimes fail,” Romney said. “The four enterprises that I have led have all succeeded. We invested in hundreds of different entities, over one hundred different entities, not all of them succeeded but to suggest that there’s something un-American , there’s something wrong about investing in enterprise that ultimately doesn’t succeed bespeaks an extraordinary lack of understanding of how the economy works.”