Gingrich: I helped Romney get rich
December 6th, 2011
09:42 PM ET
11 years ago

Gingrich: I helped Romney get rich

(CNN) - Republican presidential contender Newt Gingrich stumbled upon a new campaign line Tuesday during an appearance on CNBC. The former House speaker came to the conclusion that policies he shepherded through the House of Representatives led to GOP rival Mitt Romney’s personal wealth.

“I was part of (the late Rep.) Jack Kemp's little cabal of supply-siders who, largely by helping convince (President Ronald) Reagan and then working with Reagan, profoundly changed the entire trajectory of the American economy in the nineteen-eighties,” Gingrich said. “You could make the argument that I helped Mitt Romney get rich because I helped pass the legislation.”

CNBC host Larry Kudlow asked if Gingrich had ever made that argument before, prompting the White House hopeful to say: "I am as of right this minute, it just occurred to me."

Gingrich continued, “He (Romney) should be thanking me because I did the macroeconomic things necessary to make his career possible."

Team Gingrich said the comments on CNBC were an "attempt at humor."

Tuesday wasn’t the first time Gingrich has touted his role in creating "supply-side economics" during his tenure as House speaker. He made similar remarks last week on Fox News Channel, saying he “helped Ronald Reagan and Jack Kemp develop supply-side economics.”

Gingrich served as a Republican congressman from Georgia throughout the 1980s, during which time many Republicans sided with then-President Reagan on lowering income and capital gains taxes with the hopes of spurring production of goods and services.

Mitt Romney helped found the private equity firm Bain Capital in 1984, and went on to make tens of millions of dollars by investing and restructuring companies.

Filed under: 2012 • Mitt Romney • Newt Gingrich
soundoff (96 Responses)
  1. Dave

    I totally agree. Policies espoused by Gingrich made people like Romney – who made his millions of the backs of hard-working people – very rich. Those same policies also are the main contributor to the ever-increasing gap between the haves and the have-nots.

    December 7, 2011 07:49 am at 7:49 am |
  2. AEK

    And the rich continue to get richer and the middle class pays the bill. Good luck convincing the 99% that you are THEIR candidate for President, Newt.

    December 7, 2011 07:50 am at 7:50 am |
  3. wgf

    According to Gingrich, he was directly responsible for everything that he considers worthwhile that happened during his tenure in Congress. According to him, he is also responsible for balancing the budget and the fall of the Soviet empire. In Newt's world, other people (Presidents, Senators, Congressmen, etc) are all minor participants; He is the only one who has an affect on the course of History.

    But what he is most responsible for is ushering in the current era of divisive partisan politics, which has thoroughly destroyed our government's ability to function. When is he going to be claiming responsibility for that ?

    December 7, 2011 07:54 am at 7:54 am |
  4. annie s

    Gingrich is right. He's part of the supply side economic tide that helped the rich get richer and led to the decline of the middle class. The President is right – the 2012 election may well determine whether there will even be a middle class in America Republican and there won't be.

    December 7, 2011 07:59 am at 7:59 am |
  5. don

    and on the 7th day he rested. What a humble man this guy is.

    December 7, 2011 08:00 am at 8:00 am |
  6. RINO Bil

    Next thing Newt is going to clain he is responsible for Global Warming/Climate Change, which Republicans-Tea Partiers will eat up, and then he'll claim to have invented the internet (no one believes Al Gore anyway).

    December 7, 2011 08:04 am at 8:04 am |
  7. Clwyd

    Newt you're right! Your policies allowed Romney to get rich, but then your policies have only been for the rich and the top 5%.

    December 7, 2011 08:05 am at 8:05 am |
  8. Sadie Boyd

    What an arrogant jerk...we all know that Reaganomics is the genesis for corporate corruption. Why in the world would he brag about that? Also, why do people say he is so smart...he just talks like he has sense but the proof is in the pudding...he is just a glib pundit who likes to push buttons.

    December 7, 2011 08:06 am at 8:06 am |
  9. Dominican mama 4 Obama

    Serious, serious case of diarrhea of the mouth.
    How does Gingrich think that his little disclosure about changing the economic trajectory in the eighties thus making Romney richer is going to help him? How does he think, in these tough economic times, that little nugget is going to go over with the struggling general populace?
    Shut up shutting up Lizard.

    December 7, 2011 08:09 am at 8:09 am |
  10. The Real Tom Paine

    Is there anything he won't take credit for and assume no responsibility for?

    December 7, 2011 08:10 am at 8:10 am |
  11. Keyser Soze

    And this makes the lizard think that middle class voters should vote for him or Mitt? What a delusional egotistical twit.
    Trickle down doesn't work for the middle class, never has, never will. GOP: the party of the 1%.

    December 7, 2011 08:11 am at 8:11 am |
  12. Anonymous

    "Mitt Romney helped found the private equity firm Bain Capital in 1984, and went on to make tens of millions of dollars by making near-usurious loans and restructuring companies by shipping US jobs overseas."

    There, FIFY.

    December 7, 2011 08:14 am at 8:14 am |
  13. Dominican mama 4 Obama

    "[Mitt]went on to make tens of millions of dollars by investing and restructuring companies."
    "Restructuring" code word for breaking up, dismantling, and shipping our jobs overseas.
    Oh yeah, there's another "medal" for your lapel Mittens, and you helped Newt bully for you too. Not.

    December 7, 2011 08:15 am at 8:15 am |
  14. ED FL

    Gingrich the prolific philandered forgot to mention that so I will do it for him.he also forgot to mention the investigations where he was the center of attention and caused him to lose his speaker position.OOPSHe forgot to remind us of being a crybaby because a REAL PRESIDENT Clinton wouldn't let him ride in the Presidential section of AIR FORCE ONE when attending a Funeral in Europe.

    December 7, 2011 08:16 am at 8:16 am |
  15. Keith in Austin

    A true statement!

    December 7, 2011 08:18 am at 8:18 am |
  16. Pete

    And that's what he would do as President—help the rich get richer and to h ell with the middle class.

    December 7, 2011 08:23 am at 8:23 am |
  17. mfhpr

    Does this guy have no shame or modesty? Obviously, the answer is a resounding NO. He takes credit for everything good in this country. Gingrich is a pathological liar. And anyone that doesn't agree with him or calls him out on his lies is attacked by this egomaniac and called every name in the book. Watch him closely in past and future interviews and debates. He doesn't wiggle his way out of past statements, rather he comfortably lies his way around them and talks badly about his opponent with no limits on what he'll say. I've never seen a more convincing liar. People claim he's the smartest guy around. His level of intelligence might be high, but he uses it to con his way through life. There's no way his wife trusts him. Con men are usually very smart individuals that tell stories that go round and round and never have a true ending to them. An HONEST day's work he's probably not done in 30+yrs.

    December 7, 2011 08:25 am at 8:25 am |
  18. TJB

    So, he's touting the fact that he helped create the loopholes that have created the huge economic gap we're dealing with today?

    December 7, 2011 08:26 am at 8:26 am |
  19. Rudy NYC

    Uh, oh. Too many cameras and microphones are in his face too often. He's gettin' ready to pop. Action!.

    December 7, 2011 08:30 am at 8:30 am |
  20. Ken

    WOW, Newt is officially delusional. All his other bragging is seen in a new light after this. I think he was serious initially and the campaign is doing some damage control.

    December 7, 2011 08:32 am at 8:32 am |
  21. Patty

    Yep, he's right, he helps the rich get richer.

    December 7, 2011 08:41 am at 8:41 am |
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