This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Bush 41 Endorses Romney, Not Gingrich

NEW YORK ( TheStreet) -- Former President George H. W. Bush on Thursday endorsed Mitt Romney and distanced himself from Newt Gingrich, in a move that will surely be a conservative rubber stamp for the former Massachusetts governor's campaign.

Bush, the 41st president of the United States, told the Houston Chronicle that he felt Romney was the best choice for Republicans and cited past conflict with Gingrich as a reason he had trouble backing the former House speaker.

"I had a conflict with Gingrich at one point," Bush told the Chronicle. "I'm not his biggest advocate."

Bush said he liked Romney's stability, experience and principles, and that he was not a "bomb-thrower."

Bush said he had trouble with Gingrich in 1990 when a recession hit the United States that forced the former president to raise taxes, a move that went against his now infamous promise of "no new taxes."

"He Gingrich was there, right outside the Oval Office. I met with all the Republican leaders, all the Democratic leaders," Bush recalled to the Chronicle. "The plan was, we were all going to walk out into the Rose Garden and announce this deal. Newt was right there. Got ready to go out in the Rose Garden, and I said, 'Where's Gingrich?' Went up to Capitol Hill. He was here a minute ago. Went up there and started lobbying against the thing."

Bush, who lives in Houston, was careful to say that he likes Texas Gov. Rick Perry, but said that Perry's campaign doesn't seem to be going anywhere.

The endorsement comes as Romney has closed a wide poll margin between he and Gingrich, and as the former Massachusetts governor has seen a bump in Iowa surveys less than two weeks ahead of the Jan. 3 caucuses.

-- Written by Joe Deaux in New York.

>Contact by Email.

>Follow Joe Deaux on Twitter. Subscribe on Facebook.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs