Club for Growth Slams Gingrich

by Brian Bolduc

In an interview with Megyn Kelly today, Newt Gingrich defended his attacks on Bain Capital against criticism by the Club for Growth that they were anti-capitalist. “I didn’t attack free markets,” he said. “I attacked a particular style of behavior which I would think the Club for Growth would want to be very careful about not defending. If we identify capitalism with rich guys looting companies, we’re going to have a very hard time protecting it.”

In response,  Chris Chocola, president of the Club for Growth, slammed Gingrich in a statement. “It is highly disturbing that Newt Gingrich would equate the success of private-equity firms like Bain Capital to ‘rich guys looting companies,’” Chocola said. “The fact is, private-equity firms are a critical component of the free-market economy, increasing economic growth, and creating prosperity. Speaker Gingrich knows better, and the fact that he would stoop to economically ignorant class warfare rhetoric to promote his own political campaign is downright Obamaesque. Speaker Gingrich should apologize to Governor Romney and to the Republican party for his attack on a basic tenet of economic freedom.”