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Predictable: Gingrich Admits He Owes More Than $4 Million Campaign Debt
The Other McCain ^ | 4-8-12 | Robert Stacy McCain

Posted on 04/08/2012 3:50:43 PM PDT by Mozilla

If you haven’t been reading this blog regularly, you may have been shocked by Newt’s confession today on Fox News Sunday:

“Unfortunately, our guys tried to match Romney,” Gingrich said of the Florida match-up. “It turned out, we didn’t have anything like his capacity to raise money.” Gingrich said he has a little less than $4.5 million in campaign debt, and he’s 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 Gingrich’s 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 won’t be made public until the March FEC report goes online April 20. Yet was obvious from the February report that Newt’s 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 don’t 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, Santorum’s campaign announced it had raised $9 million in February. A week later, Romney’s campaign said it had raised $11.5 in February. Newt’s campaign kept silent about its February fundraising, and I knew they were hiding bad news.

(Excerpt) Read more at theothermccain.com ...


TOPICS:
KEYWORDS: 2012; evangelicalsvsnewt; newtgingrich; primary; rickscrewedteaparty; whenindoubtblamenewt
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To: Christie at the beach
Rick the official spoiler. I will never forget from the Santos crowd..... They gave us Romney

Sure did...they took the bait and ran with it...just as Obama and Romney wanted.

41 posted on 04/09/2012 1:05:42 PM PDT by caww
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To: biff

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.


42 posted on 04/09/2012 1:11:25 PM PDT by caww
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To: LibsRJerks
You are a fool to compare the primaries to the general election.

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.

43 posted on 04/09/2012 3:13:03 PM PDT by ThirstyMan
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To: ThirstyMan

” 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.


44 posted on 04/09/2012 3:26:51 PM PDT by Toespi
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To: Toespi
Gingrich promised to follow the Ronald Reagan high road "Thou shalt not speak ill of another Republican."
For a while Newt was all about running a positive campaign. He positioned himself as a uniter of Republicans, a changed man, a father figure urging his fellow R's to remain positive and avoid attacking each other. The eventual nominee should emerge from the primary to face President Obama "unbloodied."

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.

45 posted on 04/09/2012 4:02:55 PM PDT by ThirstyMan
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To: ThirstyMan

What a despicable post.


46 posted on 04/09/2012 4:12:30 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: trisham

a most excellent post by you however!


47 posted on 04/09/2012 4:18:11 PM PDT by ThirstyMan
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To: ThirstyMan

How would you recognize an excellent post?


48 posted on 04/09/2012 5:02:15 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: ThirstyMan

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?


49 posted on 04/09/2012 5:59:19 PM PDT by Toespi
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To: trisham

look for something by trisham I guess


50 posted on 04/09/2012 6:00:09 PM PDT by ThirstyMan
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To: Toespi

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.


51 posted on 04/09/2012 6:13:26 PM PDT by ThirstyMan
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