Wednesday, Nov 14, 2012 2:21 PM UTC

Newt to Colbert: I lost because Romney had more billionaire friends

The former presidential candidate talked to Colbert about the "billionaire fight" that was the election VIDEO

Newt Gingrich

Newt Gingrich  (Credit: The Colbert Report)

Newt Gingrich stopped by “The Colbert Report” and talked to Stephen Colbert about super PACs and his primary loss to Mitt Romney, pointing out that he had a billionaire friend who helped him out a lot (Sheldon Adelson), but Romney had many more billionaire friends.
“It turned out 26 billionaires beat one,” Gingrich said.
“That would make a great reality show, Billionaire Fight,” Colbert replied.
“We just had it, it was called the election,” Gringrich shot back.
Watch Part 1:

Part 2:

Jillian Rayfield is an Assistant News Editor for Salon, focusing on politics. Follow her on Twitter at @jillrayfield or email her at jrayfield@salon.com.