Former Speaker of the House and 2012 presidential candidate Newt Gingrich had harsh words for the Occupy Wall Street protesters, calling it "a natural product of Obama's class warfare."

In an interview with CBS News' Bob Schieffer, Gingrich said "the real American tradition" is having the chance to "go out and work hard, the Steve Jobs experience. You can create a better future. You can do something better."

"We have had a strain of hostility to free enterprise and frankly, a strain of hostility to classic America starting in our academic institutions and spreading across this country," he added. "And I regard the Wall Street protests as a natural outcome of a bad education system teaching them really dumb ideas."

Herman Cain, who joined Gingrich on Fact the Nation, added that the protesters were "anti-American," saying "to protest Wall Street and the bankers is saying that you're anti-capitalism."

"The free market system and capitalism are two of the things that have allowed this nation and this economy to become the biggest in the world," he added. "Even though we have our challenges, I believe that the protests are more anti-capitalism and anti-free market than anything else."

Watch the video below: