Gingrich: Romney’s Bain ‘looted’ companies

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In a Today Show interview, Newt Gingrich stepped up his attacks on Mitt Romney’s business record at Bain Capital, reports Taegan Goddard.

Said Gingrich: “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… 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.”

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Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.