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The verbal warfare between Mitt Romney and Newt Gingrich continued today as each took shots at the other in different venues.
Romney opened up on Gingrich this morning on Fox News, telling reporters there that Gingrich should repay $1.6 million that he received from Freddie Mac, the mortgage giant that was bailed out by taxpayers. Romney said, “People go there to serve the people, and then they stay there to serve themselves,” he stated the the voters are getting sick of sending politicians to the capitol who use their connections to enrich themselves after leaving office.
Gingrich replied to Romney’s comments at a New Hampshire press conference earlier today. He told the press that he had provided strategic advise to the mortgage company and was not lobbying on behalf of Freddie Mac.
He went on to say,“If Governor Romney would like to give back all the money he’s earned from bankrupting companies and laying off employees over his years at Bain, then I would be glad to then listen to him.” He was speaking of Bain Capital, a company that Romney founded in 1984 with other Bain&Company partners.
Bain Capital has been highly criticized for its sometimes practice of fleshing out companies and piece-mealing them out after buying them with borrowed money. The practice generally costs jobs as well as makes for much diminished companies that are now saddled with enormous debt burdens. The practice generates quick money for companies like Bain Capital. Bain Capital is currently worth about $65 billion.
Gingrich jabbed again with, “And I will bet you $10, not $10,000, that he won’t take the offer.” Gingrich was poking at a statement made by Romney, who at the Saturday debate challenged Rick Perry to a $10,000 wager that Perry was mistaken about Romney’s book as 7.5 million viewers looked on. Gingrich was attempting to show how out of touch his fellow presidential candidate was with a struggling main stream America.
Romney took another hit with a web ad that was released today by the Democratic National Committee. The “Just Doesn’t Get It” ad also pointed to the $10,000 wager. It said, “Anybody that offers a $10,000 bet on stage during a debate, only has $100 bills in his wallet, is a multi-millionaire who jokes that he’s unemployed and truly believes corporations are people – cannot possibly understand the lives of middle-class Americans.” The ad concluded with, “$10,000 is chump change, and that’s why he’s out of touch 10,000 times over.”