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 ...
Sure did...they took the bait and ran with it...just as Obama and Romney wanted.
Yep...and by the way Paul helped cover Romney’s flank .....he’s not innocent in this mess.
The whole Primary was about keeping Newt out of the race... the best shot we had to take on Obama and win...Santorum was elevated by the press at Romney’s and Obamas call. Neither wanted to debate or go against Newt.
Well, I think you are a fool also!
Just because you use the language like that identifies you as an uneducated, foolish communicator.
The primary was a competition that will have one winner. Duh! So the conservative vote was split five ways, four ways, then three, then two. What does it matter?
The problem wasn't the conservatives lack of unity, it was their lack of superior leadership.
I started with Cain and the 9-9-9 plan. I sent lots of money, then Woops!
Then I switched to Gingrich and I watched him set himself on fire after Florida.
I never liked Santorum, Paul is unelectable.
I still like Newt but he ruined his chances, torpedoed his own campaign for reasons unknown to me. Why didn't he stick with his original plan, the one where he refused to attack other Republicans?
So the nice hair and looks presidential guy was left standing. Why? because more people voted for him! They didn't vote for the other guys. I'm not going to lie about why it happened. Romney turned out to be the "turtle" that Newt declared himself to be.
” Why didn’t he stick with his original plan, the one where he refused to attack other Republicans”
It is irrelevant at this point, but I would really like to know just what Gingrich did or said that was considered “attacking other republicans”. I have supported newt from the beginning and listened to most of his speeches and comments. For the life of me, I have not heard a single thing that should be considered an attack. The only possibility would be his comments and questions about Bain and Romney and frankly, I think those were valid points, and far less viscous than what was being leveled against him.
When he lost Florida he stopped being a gentleman. He refused to congratulate Mitt, "He didn't deserve a congratulatory call". He no longer devoted himself solely to the issues like the economy, energy and unemployment. He began attacking Mitt's ability to address these. His funding dried up almost immediately as did his frontrunner status.
Newt appeared to be back to his old self, the Newt so easily caricatured by the Dems: snide, cynical, cutting. Once he lost that high ground, honestly? in my opinion he lost his chances. He lost his presidential air.
What a despicable post.
a most excellent post by you however!
How would you recognize an excellent post?
So that’s it? I guess I was more interested in hearing about specific attacks against “other” republicans. Let me ask you........when did we first learn Gingrich didn’t call Romney to “congratulate” him and from whom? From what I understand Romney ran a vicious campaign against Newt in Florida, why would he have deserved a congratulations, especially in a dirty primary campaign?
look for something by trisham I guess
Sorry, I don’t have Florida specifics to bring forward. I felt it was bad form to behave like that and the news media did play it as poor sportsmanship to not have called. It’s rather a tradition. Don’t let everyone know how pissed you really are but congratulate Mitt and move ahead. I know there was bitterness on Newt’s part for the lying about his record, but he was very popular when he added his insights from that “above the fray” place. I really believe he lost the campaign when he started to mud wrestle against Mitt instead of serving up his salvos at Obama. It was a mid-course correction that didn’t fly with what he had laid out as his chosen path.
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