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Newt Gingrich: Paper Tiger Candidate?
Right Side News ^ | 11/18/2011 | Michael Beckel

Posted on 11/19/2011 4:53:48 AM PST by IbJensen

"Obama had raised about $89 million for his own re-election campaign. That's nearly 31 times the amount Gingrich raised during the same period. It's even more than 2.7 times the amount raised by Romney..."

While he has surged in recent polls, former House Speaker Newt Gingrich may be missing one key ingredient for making a late-stage power play for the GOP presidential nomination: money.

In years past, political candidates have certainly been erroneously written off by pundits and the press. Notably, Sen. John McCain (R-Ariz.) was widely thought to have fizzled long before he ultimately surged back to life and snagged the Republican Party's presidential nomination in 2008.

While McCain looked pretty weak at one point during the 2008 campaign and still came back, he was never as behind as Gingrich money-wise. While McCain trailed in terms of fund-raising in 2007, he had still raised tens of millions of dollars.

Gingrich lags far behind that pace -- both in absolute terms and relative to his rivals.

As of September 30, the date of the most recent campaign finance reports, Gingrich's presidential campaign had brought in just $2.9 million, according to research by the Center for Responsive Politics.

That's only about 9 percent of GOP frontrunner Mitt Romney's $32.2 million fund-raising haul during the same period.

At the end of September in 2007, McCain had raised about $32.1 million -- which was about two-thirds of the amount collected by former New York City Mayor Rudy Giuliani and about half the sum brought in by Romney during that same time period, according to the Center's research.

Gingrich's receipts through the end of the third quarter are less than basically every other major GOP presidential candidate.

He also reported debts to the tune of $1.2 million at the end of the third quarter -- more than every other GOP candidate except former Utah Gov. Jon Huntsman, who has loaned his campaign more than $2 million.

As of the end of September, Gingrich had raised only about half as much money as former Godfather's Pizza chief executive officer Herman Cain, who himself has been no fund-raising titan.

Rep. Michele Bachmann (R-Minn.), the founder of the House Tea Party Caucus, meanwhile, had raised about 60 percent more money than Gingrich. Rep. Ron Paul (R-Texas) had raised more than 4.3 times as much money as Gingrich. And Texas Gov. Rick Perry had raised nearly six times as much money as Gingrich.

Beyond the traditional campaign war chests, this election candidates will also be getting extra support from super PACs -- which can collect unlimited contributions from individuals, unions and corporations to produce political advertisements or pay for canvassers and phone banks.

A 27-year-old Coloradoan named Charlie Smith recently launched a super PAC supportive of Gingrich's presidential bid and touted an initial fundraising haul of $10,000.

But Gingrich is not alone in having supporters create such groups to collect money from deep-pocketed allies.

A Romney-aligned group called Restore Our Future reported raising $12 million through the end of June, the date of the group's most recent campaign finance filing with the Federal Election Commission. And a Perry-aligned group called Make Us Great Again has said it plans to spend $55 million to help Perry secure the nomination.

Notably, none of this even takes into account the stark fund-raising contrast between Gingrich and President Barack Obama.

Through the end of September, Obama had raised about $89 million for his own re-election campaign. That's nearly 31 times the amount Gingrich raised during the same period. It's even more than 2.7 times the amount raised by Romney.

With Iowa's first-in-the-nation caucuses less than two months away, every candidate is furiously attempting to raise money.

We'll find out soon whether there has been a new gusher into Gingrich's campaign coffers. But to be successful, he'll need to climb out of a very deep financial hole.


TOPICS:
KEYWORDS: circularfiringsquad; gingrich; gorebalwarming; newt; newtgingrich; nwo; republicrat
Posing with Nutsy Pelousy to co-endorse the junk science claim of gorebal warming was bad enough, but this dude is a NWO nitwit.
1 posted on 11/19/2011 4:53:50 AM PST by IbJensen
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To: IbJensen

Is Newt today’s John McCain? Maybe, but then why has McCain been making himself so visible the past couple of months? ‘Tis a puzzlement.


2 posted on 11/19/2011 5:01:58 AM PST by Paperdoll (On the cutting edge)
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To: IbJensen

This is bull$&!t! If he wins the nomination enough money will flow in for him to win the election! If he loses it won’t be the money!!


3 posted on 11/19/2011 5:01:59 AM PST by ontap
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To: IbJensen
What is more important is, to help the MSM take down any candidate who moves to the front. The more experienced and qualified they are, the more we need to take them down and destroy them. Because we need somebody who has to ask someone else how to do the job that in the past, was a total requirement.

Because what is important is, that we spread our effort and money around in chaos, to ensure that no candidate can really win against one of the most heavily funded and organized parties in history.

You see, what matters most is our pride and principles. If we can't win it all exactly the way we demand, then we will teach them a lesson they'll never forget, and we will even become more fragmented and chaotic and vote for some 3rd party idiot who hardly nobody has ever heard of, or we will stay at home on election day.

So what if the entire country goes completely down the tubes. At least we will know that those rotten, evil, nasty Republican RINOs will go down with us.

4 posted on 11/19/2011 5:06:41 AM PST by PSYCHO-FREEP (If you come to a fork in the road, take it........)
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To: PSYCHO-FREEP

The so-called MSM (Main Stream Media) can bear that handle no longer. They’ve abrogated their once important role and are as irrelevant as today’s comic sections in their worthless rags.

Thank God and venues like Free Republic!


5 posted on 11/19/2011 5:17:16 AM PST by IbJensen (What this country needs are more unemployed politicians.)
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To: PSYCHO-FREEP

The MSM is copying Rush’s Operation Chaos, where Rush supported Hillary to keep her in the election longer to bash away at Zero. Everytime someone gets some traction, the press unleashes on him, with the help of a lot of the more rabid FReepers around here, and beats them back down to the pack. That way they continue to gash away at each other until voters think none of them are worth a damn.


6 posted on 11/19/2011 5:21:47 AM PST by ez ("Abashed the Devil stood and felt how awful goodness is." - Milton, "Paradise Lost")
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To: ontap

Mitt spent a small fortune in 2008 to try to buy the GOP nomination. How’d that work out for him?


7 posted on 11/19/2011 5:47:30 AM PST by Josh Painter ("The only thing these 'investments' will get us is a bullet train to bankruptcy." - Palin)
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To: Josh Painter

That’s was my point. Did you read the post?


8 posted on 11/19/2011 6:07:39 AM PST by ontap
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To: IbJensen
While he has surged in recent polls, former House Speaker Newt Gingrich may be missing one key ingredient for making a late-stage power play for the GOP presidential nomination: money.

So?

Let me introduce you to Greg Ballard...

Main article: Indianapolis mayoral election, 2007

Ballard was the only Republican to file for mayor, as few members of the city's once-dominant Republican Party were willing to run against Peterson.

Ballard was dramatically outspent by Peterson. He had only $300,000 in campaign funds and low name recognition when he began the race.[4] In comparison, Peterson already had $2.9 million in April while Ballard had only $9,560 at the time.[5] As late as October 14, Ballard had run no TV ads.[5] An October 19 campaign finance report showed that Peterson had raised $1.5 million since April and still had that much on hand to spend. At that point in time Ballard had only $51,000 left, meaning that Peterson had 30 times the funds that Ballard had during the last three weeks of the campaign.[6]


9 posted on 11/19/2011 6:17:32 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going)
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To: IbJensen
"Obama had raised about $89 million for his own re-election campaign. That's nearly 31 times the amount Gingrich raised during the same period. It's even more than 2.7 times the amount raised by Romney..."

So?

The Demos KNOW who their candidate is (so it seems).

Just wait until the primaries are over, and the money can be focused on one; instead of scattered all over the landscape.

10 posted on 11/19/2011 6:22:18 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going)
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To: Elsie
The Demos KNOW who their candidate is ...

Though he might get tossed under the bus as the FULL impact of his looming loss becomes undeniably apparent to those behind the throne.

11 posted on 11/19/2011 6:24:15 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going)
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To: IbJensen

For some reason I just can’t get excited about Newt. He wimped out as speaker of the house when things in the kitchen got hot. And he has a lot of baggage the dems are going to open up in the same kitchen if he is the “R” candidate.


12 posted on 11/19/2011 6:45:10 AM PST by chainsaw (Sarah Palin would be my first choice. .)
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To: Paperdoll
Newt, the big moderate, just like Juan, and he has already said the problem we have is not reaching across the isles. Oh well it was a good run, Willard wins. We lose.
13 posted on 11/19/2011 6:56:04 AM PST by org.whodat (Just another heartless American, hated by "AMNESTY" Perry and his fellow demorats.)
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To: PSYCHO-FREEP

Yes!

Think back to the period of time when the on-going debate was whether we could become a real nation. A very great issue was that of slavery.

Surely, there was/is not a more foundational question to be dealt with than that one. Had those strongly opposing slavery not concentrated on the grand prize of what the new nation might be(come), they could have so insisted on the purity (and dare I say, righteousness) that they could have refused to “settle”.

It appears that we had RINOs, even then. And look at the colossal mistake that has been these last two hundred years plus! Why, we and the world are vastly worse off for having struck that odious bargain with “the Devil” than had the anti-slavery advocates stuck unwaveringly to their guns.

Isn’t it wonderful that we have so many here that will not fall into that trap again!!!


14 posted on 11/19/2011 7:06:50 AM PST by JimInMO
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To: Josh Painter

Maybe that’s why so many have decided it’s now “Mitt’s turn.” Our little Republican primary voters always seem to choose the wrong nominees.


15 posted on 11/19/2011 7:21:41 AM PST by Theodore R.
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To: ez
Odd when you were racing around here trash talking everyone not Newt, never heard a word of complaint about how people on FR were helping the enemy.

Guess we are only helping the enemy when we ask tough questions about your St Newt hmm?

16 posted on 11/19/2011 7:23:57 AM PST by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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Did You Know?

The Current FReepathon Pays For The Current Quarters Expenses?

Now That You Do, Donate And Keep FR Running


17 posted on 11/19/2011 7:24:20 AM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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To: PSYCHO-FREEP

Odd when you were racing around here trash talking everyone not Newt, never heard a word of complaint about how people on FR were helping the enemy.

Guess we are only helping the enemy when we ask tough questions about your St Newt hmm?


18 posted on 11/19/2011 7:25:03 AM PST by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: IbJensen

Maybe, but remember that Barack Hussein Obama, the paper cornhole candidate with no fire insurance, was elected President.


19 posted on 11/19/2011 7:27:48 AM PST by MIchaelTArchangel
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To: IbJensen

I thought this article was abut financing for the campaigns?!


20 posted on 11/19/2011 7:30:53 AM PST by Jeff Chandler (This tagline has been suspended or banned.)
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To: Paperdoll

I thought this article was abut financing for the campaigns?!


21 posted on 11/19/2011 7:31:13 AM PST by Jeff Chandler (This tagline has been suspended or banned.)
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To: IbJensen

The point of this story should be the fact that there is a TON of money flowing to any candidate to beat Obama. Add up how much all 8 Republican candidates are raising and compare that amount. As stated before, once a nominee is clear I imagine the money will follow, both from people who were supporting other candidates and those sitting on the sidelines waiting. We will not get a perfect Republican candidate but I will take anyone over the current President.


22 posted on 11/19/2011 8:17:37 AM PST by StandUpBucky
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To: MNJohnnie

I didn’t trash talk anyone.


23 posted on 11/19/2011 9:00:44 AM PST by ez ("Abashed the Devil stood and felt how awful goodness is." - Milton, "Paradise Lost")
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To: ez
"In the next three weeks, I predict to you we will have all sorts of questions about me. And it's fine. You can not ask the people of the United States to loan you the most powerful governmental job in the world, particularly in a campaign that's promising very dramatic change, and not have them vet you carefully and thoroughly," Gingrich said.

Seems you candidate does not share your opinions. You might want to take note of this.

24 posted on 11/19/2011 9:02:26 AM PST by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: IbJensen

Is a weathervane/balderdash salesman who will eat your children then convince you to like him for it. I hate to say it, but ideologically, Bachman is the most practicality conservative of the bunch with just enough experience to know what she is talking about *most* of the time. Sarah Palin would have done well if she would have ran. And to say every candidate even Huntsman is better than Obama is like saying breathing air is better than smelling a fart.

And as usual, people get carried away with the MSM’s take, forgetting that much of the MSM are young college-aged punks trying to flash a light in people’s faces to get them to pay attention to their uneducated guesses. I would include Fox News.

Whoever is the GOP winner, hopefully he or she will have the same consolidated support from the electorate that Obama now has. The Republicans will have to stop eating their own when that time comes and get over their childish hurt feelings and get together to vote the National Socialist out. Obama wants American businesses to fail so his regime can take them over. That’s just how a National Socialist Nazi pig like Obama does. The Republicans are a bunch of sell-outs and cut throats, but at least GOP representatives have to hide their socialist/capitalist cronyism from the voters. Obama has no such obligation as his socialsm is unfettered by Democrats.


25 posted on 11/19/2011 9:40:26 AM PST by Force of Truth (Intelligence and virtue are preferable in a candidate, but I'd much rather he or she be chinchy.)
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To: PSYCHO-FREEP; ez; JimInMO

I do not know if there is a NEWT ping list. Is there a way to post this on the New Hampshire freeper page?

Newt speaks at Rivier College
Monday, November 21 2011 — 9am ET
Dion Center Reception Room
420 S. Main Street
Nashua, NH 03060
Free and open to the public. Doors open at 8am.

Newt unveils his plan to reform federal entitlement programs at St. Anselm College
Monday, November 21 2011 — 12:30pm ET
Institute of Politics
100 St. Anselm College
Manchester, NH
Free and open to the public


26 posted on 11/19/2011 10:17:38 AM PST by campaignPete R-CT (I will go back to New Hampshire to campaign.)
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To: Force of Truth

Great comments!


27 posted on 11/19/2011 10:37:03 AM PST by IbJensen (What this country needs are more unemployed politicians.)
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To: IbJensen

Your opinion. Not mine.

Besides angry adjectives, numbskull nouns, nothing but a “nattering nabob of negativism”.

Entirely forgettable (avoidance even better). My opinion.


28 posted on 11/19/2011 10:57:07 AM PST by JimInMO
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