Newt Gingrich Praises Rick Santorum; Mitt Romney Not So Much

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Humbled by a resounding defeat in last night's Iowa caucus, where he came in a distant fourth, Newt Gingrich offered praise for second-place finisher Rick Santorum.

Republican frontrunner Mitt Romney, not so much.

Already in New Hampshire campaigning in advance of the January 10 primary, Gingrich came out swinging against Mitt Romney and the first-place finisher's allies.

Promising to fight against “a Massachusetts moderate” whom carries out a “relentlessly negative campaign of falsehoods,” Newt showed no signs of backing down.

In contrast, Michele Bachmann quit the presidential race already and Rick Perry is at least considering doing the same after their disappointing finishes Tuesday night.

Here's Newt's speech after the Iowa caucuses:

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GINGRICH SHOULD HANG IT UP. ROMNEY IN 2012.