Confronted with Mitt Romney’s charge that Newt Gingrich, as a career politician, doesn’t understand the economy, Gingrich replied that he developed the legislation that made Romney’s lucrative career at Bain Capital possible.
“You can make an argument that I helped Mitt Romney get to be rich because I helped pass the legislations that [made his career possible],” Gingrich told Larry Kudlow yesterday. “I am [making that argument] as of right this minute. Just occurred to me.”
Romney “should be thanking me,” Gingrich added. “He should be thanking me because I did the macroeconomic things necessary to make his career possible.”
Gingrich explained that argument. “I was part of Kemp’s little cabal of supply-siders who, I think, largely by helping convince Reagan and then working with Reagan, profoundly changed the entire trajectory of the American economy in the 1980s,” Gingrich said.
