I’m for capitalism. I’m for honest entrepreneurs investing, I’m for people creating businesses. Callista and I have created four small businesses in the last decade, I get it. But I’m not for looting. There’s a company in The Wall Street Journal today that Bain put $30 million into, took $180 million out of and the company went bankrupt. And if you have to ask yourself, you know, was a six to one return really necessary? What if they had only taken $120 million out, will the company still be there? Would 1,700 families still have a job? I think there’s a real difference between people who billed in a free market and people who go around, take financial advantage, loot companies, leave behind broken families, broken towns, people on unemployment.
And I think Governor Romney in the next week or so is going to have to hold a press conference and he’s going to have to walk the country through the things that they did at Bain because in three or four cases, they don’t look like capitalism. They look like rich guys looting companies, taking all the cash and leaving behind all the unemployed.
That’s not the kind of free market I want to be part of. I want to be in a free market where everybody has a fair chance. That doesn’t mean you always win. There are times you lose, there are times you go bankrupt. That’s fine if the person who’s getting rich is also taking the risk and is also suffering some of the consequences. It’s not fine if the person who is rich manipulates the system and gets away with all the cash and leaves behind the human beings.
I don’t like Newt generally, but I can’t deny it when the guy says something right.