Skip to comments.Predictable: Gingrich Admits He Owes More Than $4 Million Campaign Debt
Posted on 04/08/2012 3:50:43 PM PDT by Mozilla
If you havent been reading this blog regularly, you may have been shocked by Newts confession today on Fox News Sunday:
Unfortunately, our guys tried to match Romney, Gingrich said of the Florida match-up. It turned out, we didnt have anything like his capacity to raise money. Gingrich said he has a little less than $4.5 million in campaign debt, and hes operating on a shoestring budget.
I was there when it happened, although nobody realized it at the time, and it took another seven weeks to learn the truth.
On Feb. 21, the day after his January FEC report became available, I said Gingrichs spending was unsustainable, and when his February report became public March 20, I said he was bankrupt.
There are ways of billing expenses so that a campaign can push forward its obligation. The invoices delivered on March 1 wont be made public until the March FEC report goes online April 20. Yet was obvious from the February report that Newts campaign had spent the entire month trying to maintain an expensive illusion of financial viability, an illusion that did not dissolve until three weeks into March. Apparently, many people still dont comprehend what a rotten scam it was.
A veteran political observer to whom I spoke by today said, of course, it has become standard operating procedure for campaigns to conceal the reality of their finances by agreeing with consultants and vendors to delay invoicing.
On Feb. 29, Santorums campaign announced it had raised $9 million in February. A week later, Romneys campaign said it had raised $11.5 in February. Newts campaign kept silent about its February fundraising, and I knew they were hiding bad news.
(Excerpt) Read more at theothermccain.com ...
Amazing the kind of people ya run into on FR.
And it’s “bellicosity” that would be used for the inequality.
Now, it's back to the grind of being a talking head at left-leaning Fox News....
It wasn't his lack of prowess; it was the pain meds. After he got off them, he improved, and by the end of his run, his debate performances were great. But it was too late.
I agree with you; if it wasn't for his back surgery fiasco, he would be mopping up now. It makes me sick.
FACT: For THIRTY-FOUR days, Santorum had no traction and Newt surged in the delegate count by a wide two-one margin.
FACT: In no polling would Santorum take more than 57% of Newt's supporters. On his best day, with not even 6 in 10 moving to Santorum, Santorum still falls to Romney unless he was within 2% on his own. That's the math.
The last, best, opportunity to take Romney down was around Florida.
Santorum refused to exit. Pursuing non-binding caucuses in Feb. to create a false image of strength and viability, he ensured Romney would be the nominee.
I'm sick of the lies spread by the smug and sanctimonious twerps pimping Santorum, a candidate who--like Obama--is faultless for his followers.
I intend to do just that.
Mitty’s people called last week wanting 500 bucks and I told them to KMA, that I did not like the man, and will never, ever vote for him. REASON being is not that he won the nomination but how he won it by destroying fellow R’s personally and not on the issues. I am still trying to figure out who is the biggest liar, Mitty or Obama.
I must say he had quite the system attacking every conservative starting with SP immediately after 2008 and destroying their reputations and sometimes attacking their families. OFF LIMITS, IMHO. He did it to them all.
I have no doubt Newt will greatly appreciate your generous donation to help pay off his campaign debts, so he won’t have to use his own money.
Exactly. You had it right as far as the timing went, and and how it went down with Santorum right around Florida.
I will FOREVER blame this guy, and his clueless followers for the outcome of this election. It was RIDICULOUS to think someone like Santorum had it in him to win this nomination.
We had it in Newt. We squandered it. IMO, Americans, and that includes many Republicans, have been foolish, judgemental and stupid — we will reap what we sow.
Why not blame the losers not the apparent winner?
If Cain, Gingrich and Santorum couldn’t compete and win against Romney then why should we expect them to magically beat Obama?
You are a fool to compare the primaries to the general election.
The primary vote was SPLIT 4 freaking ways, by CONSERVATIVES who refused to unite and by the GOP, who refuses to stop running RINO candidates.
Conservatives COULD NOT, WOULD not unite, which they could have, easily, behind Newt, who had the momentum early. The refused. They were too “bothered” by his past life, which has nothing to do with his real life now. They wanted an alternative, and claimed their alternative candidate woudl somehow prove to be better than the rest. But he could not.
Romney somehow managed to get the “nice hair and looks presidential” vote, enough of it to hang on, and then once Santorum lost momentum, he took the wind out of EVERYONE’s sails, for good.
With the horrid turnout that we’ve seen over this primary, I will be surprised if Romney gets 30% of the vote in the general ...
Can't he just sell Romney an endorsement and clear that right up?
Funny how you don’t seem to remember facts.
Newt, the greatest debater of all time, had the two worst Florida debates of his long Washington career.
That had NOTHING to do with Santorum.
And by the way, you Newt supporters got Roped a Doped.
Most of u don’t even realize it.
And who’s fault is that for putting all their eggs on the debate performances?
Just because you chose your candidate this way, doesn’t mean that all the rest of us did. Some of us are still fighting Romney even though you’ve already given up.
We need all hands on deck. But we don’t have much time left.
They gave us Romney.
Gingrich had poor organization. Remember Virginia, his home state, where he failed to make the ballot? He was sitting on top of the polls until then. Nothing with Santorum. He was shown to be seriously not viable then.
This is where it all came crashing down for him. The voters realized that Gingrich had serious issues with his finances and organization against Romney, after he missed the VA ballot.
Then Gingrich lost in Iowa, finishing fourth behind Paul.
Santorum, never having lead in any poll, anywhere, spent all his time actually campaigning in Iowa, going door to door and fighting for votes.
This is also why Santorum has won 10 states and will win more. When the crunch in Iowa came down to it - Santorum was willing to do what he had to do to win.
When South Carolina came around, Newt hadn’t done anything before - losing badly in Iowa and in New Hampshire. Yes, Newt managed to win in South Carolina, but at that point, he had won one state - and so had Santorum.
Newt had an opportunity to seize control of the race and take the mantle, in Florida, but he fell far short of Romney there. Was this Santorum’s fault? No. Was it Santorum’s fault that Newt couldn’t connect with voters in Florida? No. Even if you took all of Santorum’s support and gave it to Newt, it would not have been enough.
So what did Newt do after losing in FL, winning in SC? Did he double down his campaign? No. Santorum did - winning in Missouri (where Gingrich didn’t even bother to run), and in Colorado and in Minnesota.
Was it Santorum’s fault that Gingrich didn’t even bother campaigning there? No. Was it Santorum’s fault that not only did he clobber Gingrich, he clobbered Romney? That he got over 50+ percent in Missouri, showing that he could beat Romney in the head to head?
Was this Santorum’s fault for fighting for votes that Newt Gingrich wasn’t willing to fight for?
Newt has only himself to blame for choosing the easier option of campaigning in GA and in SC and in FL, and in the other southern states where he lost. It was a terrible strategy.
Is it Santorum’s fault for any of this?
The reason that people did not unite behind Newt, is simply because they didn’t believe that he could get it done. And they were right.
Not yet, he hasn’t. Unless you’re willing to give up already?
The media pushed Santorum up , and they have stated as such clear back to Iowa as they knew Newt could more than take on Obama and knock Romney out.
There's a reason Rick was on the bottom of the pack....even he expected to only get face time out of this but certainly not the Presidency..and he still knows that.
The whole deal was to take Newt out of the running....from Romney and from the Obama machine....thus Florida played out as we saw.
Good grief there was, and is now, no concern for Obama about Santorum. He's simply the alternative to Romney since Romney's so very unpopular among conservatives....and he remains a "light-foot" at best...Obamas favorite second.
Heck of a deal we got no thanks to idiotic voters who STILL cannot see the game plays...all they see is who has the ball at the moment...now we're stuck with back room deals and certainly nothing to do with coonservative..not even remotely.
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