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Newt Gingrich $4 Million in Debt; Staffers and Creditors Fume
Yahoo News ^ | 2 May, 2012 | JOEL SIEGEL

Posted on 05/02/2012 9:18:25 AM PDT by Mountain Bike Vomit Carnage

Newt Gingrich ends his White House dream today with his political committee facing a mountain of debts -- owing about $4 million to scores of businesses and campaign workers around the country who fear they will never get paid.

Campaign watchdogs said the size of Gingrich's debt is extraordinary -- and could have been avoided if the candidate and his team had been more disciplined.

"He was reckless in running up these bills, especially in the last month or so of the campaign when it was quite clear that Mitt Romney would be the nominee," said Craig Holman, a government affairs lobbyist for the watchdog group Citizen Union.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS: analystsondrugs; campaign; campaignwatchdogs; craigholman; debt; dontfight; dontfighttotheend; fight; fighttotheend; fiscalliberal; flawed; flawednewt; giftedbutflawed; gopedirtytricks; hatecontinues; moreliesaboutnewt; newt2012; newt4sale; notperfect; notperfectnewt; perfectsantorum; reasonablesantorum; recklessspending; romneyspew; santorum4rent; thetruenewt; waronnewt; watchdogsondrugs
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1 posted on 05/02/2012 9:18:33 AM PDT by Mountain Bike Vomit Carnage
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To: Mountain Bike Vomit Carnage

“He was reckless in running up these bills, especially in the last month or so of the campaign when it was quite clear that Mitt Romney would be the nominee,”

LOL... suckers...


2 posted on 05/02/2012 9:21:10 AM PDT by wyowolf
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To: Mountain Bike Vomit Carnage

This is the thing about Gingrich that began to worry me a while back. The man has no money-sense whatsoever. Gifted, but flawed.


3 posted on 05/02/2012 9:23:13 AM PDT by Clara Lou
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To: Mountain Bike Vomit Carnage
Help may be on the way. USA Today reports that Gingrich, in an interview, said he is embracing Mitt Romney's candidacy, and Romney and the Republican National Committee have offered to be helpful in retiring Gingrich's debt.

So we now know what an endorsement goes for, if anyone was curious.

4 posted on 05/02/2012 9:26:25 AM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Mountain Bike Vomit Carnage

I’ve never understood why staffers become so upset about not getting paid. This happens in every campaign that fails and many times in campaigns that are successful.

Every campaign I’ve worked on, I’ve believed in the candidate and figured it was volunteer work where I may get a check.


5 posted on 05/02/2012 9:30:48 AM PDT by Husker
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To: Mountain Bike Vomit Carnage
ALL politicians excel at spending other peoples' money, even before they get it.
6 posted on 05/02/2012 9:31:48 AM PDT by Roccus
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To: Clara Lou

“This is the thing about Gingrich that began to worry me a while back. The man has no money-sense whatsoever. Gifted, but flawed.”

That is like blaming George Clooney when a movie he is starring in goes over budget.


7 posted on 05/02/2012 9:32:18 AM PDT by LetsRok
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To: Clara Lou

Worry about Gingrich’s money sense all you want ~ he’s rich ~ but this Hollman guy is the very face of modern Fascism. He doesn’t want you to be able to get together with others and campaign ~ see: http://www.citizen.org/Page.aspx?pid=2583


8 posted on 05/02/2012 9:32:41 AM PDT by muawiyah
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To: Roccus

I don’t think the Clintons have paid off their campaign debts yet.


9 posted on 05/02/2012 9:33:52 AM PDT by Eric in the Ozarks
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To: Clara Lou

You are wrong that Newt has “No Money Sense”. His money senses are fine. He will stiff a lot of people, but overall, you can bet that Newt lined his pockets on this campaign (See Expenses) and set himself up for future speaking fes and books. He will probably get Romney to pay down some of the debt, but be assured, Newt will come out just fine personally even if at the expense of others. That’s why he got in the race, and that is who Newt is. Hope his current wife dooesn’t get sick if you get my drift.


10 posted on 05/02/2012 9:34:31 AM PDT by Old Retired Army Guy
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To: Roccus

Taxpayer’s money, our money, is like crack to these people. They are like out of control drug addicts.


11 posted on 05/02/2012 9:34:54 AM PDT by MagnoliaB
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To: Husker

“I’ve never understood why staffers become so upset about not getting paid. This happens in every campaign that fails and many times in campaigns that are successful.

Every campaign I’ve worked on, I’ve believed in the candidate and figured it was volunteer work where I may get a check.”

This tells me that many of these campaign workers were in it for the wrong reason. Unless they have an employment contract, they should just go back to their day jobs.


12 posted on 05/02/2012 9:35:09 AM PDT by LetsRok
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To: Mountain Bike Vomit Carnage

You know damn well he’s good for it. This is just another bash Newt article.


13 posted on 05/02/2012 9:35:53 AM PDT by Sacajaweau
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To: Mountain Bike Vomit Carnage
There is a flaw of character that encourages Newt to not honor his obligations to his campaign workers and his creditors. It is the same flaw that caused Newt to sit on a love seat with Nancy Pelosi and make TV commercials for Al Gore's global warming scam, to work with Sharpton to get taxpayer money for black racists and con men and to “lobby for” more money for Freddie Mac at a time when it was recklessly facilitating the stealing taxpayer money.

I don't think Newt is a principled conservative. I think he is an opportunist who realized sounding like a conservative would help his campaign.

I admire many of the things Newt did in the 1990’s when he was Speaker of the House. But today he is just another Washington insider who has learned how to play the system.

14 posted on 05/02/2012 9:36:17 AM PDT by detective
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To: Eric in the Ozarks

Shhhhhh....I’m sure Obama paid them off.


15 posted on 05/02/2012 9:37:12 AM PDT by Sacajaweau
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To: LetsRok

Gingrich is not a pampered Hollywood star hired to play a role by the people actually in charge.

Gingrich hired the staff and set the agenda that required spending lots of money. Gingrich decided to stay in the race long after it was obvious he was not going to be the nominee.

Ever hear the expression “the buck stops here”?

Maybe a former legislator like Gingrich lacks the executive experience to put together a competent team - but that doesn’t mean he is not responsible for the executive decisions he made (or failed to make, or delegated) during his own campaign.


16 posted on 05/02/2012 9:47:44 AM PDT by allmendream (Tea Party did not send GOP to DC to negotiate the terms of our surrender to socialism)
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To: Mountain Bike Vomit Carnage
accounting and budgets don't matter when it's other peoples money. All politicians know that.
17 posted on 05/02/2012 9:51:00 AM PDT by paul51 (11 September 2001 - Never forget)
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To: Clara Lou

Effective money usage is something I look for in a conservative candidate.

In my opinion, Mitt Romney isn’t at all encouraging considering how much money he spent for ties and 1 or 2 percent wins. He easily spent 10 times as much money as Santorum in Michigan but still only pulled off a tie.


18 posted on 05/02/2012 9:53:45 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: Lazlo in PA

Any FReepers still think Newt has a chance at the convention?


19 posted on 05/02/2012 9:56:45 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... so should voting!)
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To: Mountain Bike Vomit Carnage

It’s Santorum’s fault...

sarc


20 posted on 05/02/2012 9:57:56 AM PDT by silverleaf (Funny how all the people who are for abortion are already born)
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To: Sacajaweau
You know damn well he’s good for it. This is just another bash Newt article

Yeah, Newt will be good for it once Romney's check clears.

21 posted on 05/02/2012 9:59:14 AM PDT by Drew68 (I WILL vote to defeat Barack Hussein Obama!)
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To: Old Retired Army Guy

Not feelin` the love for ol` Newt, are ya?


22 posted on 05/02/2012 9:59:41 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... so should voting!)
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To: LetsRok

Correcto!

No one other than Jesus Christ would not have been able to withstand the constant flood of campaign sliming coming from Romney.


23 posted on 05/02/2012 10:01:28 AM PDT by X-spurt (Its time for ON YOUR FEET or on your knees)
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To: LetsRok

Every campaign I’ve worked on, I’ve believed in the candidate and figured it was volunteer work where I may get a check.”


Individually that is a good approach. However there are many small business people that get shafted by these campaigns as well. A food provider for a function, transportation, rental on buildings, printing, etc. etc. etc.


24 posted on 05/02/2012 10:04:44 AM PDT by deport (.............God Bless Texas............)
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To: Mountain Bike Vomit Carnage

You can thank John McCain for this. Newt’s SuperPac has more money than Newt’s campgain owes, but he can’t use the money nor can they give it to him. Nobody can give Newt more than $2500. This is nonsense. It is time to end campaign contribution limits.


25 posted on 05/02/2012 10:07:29 AM PDT by conservative98
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To: wyowolf

Awwwwww.

We need to do a money-bomb for Newtie.

Calista needs a new necklace to help her through her ‘you won’t be First Lady’ depression.

lol


26 posted on 05/02/2012 10:17:06 AM PDT by TomGuy
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To: Sacajaweau
You know damn well he’s good for it. This is just another bash Newt article.

We know no such thing. There has never been a solid accounting on where all of that money went. Is or is not Newts campaign in a massive debt hole? How is this a hit piece when it is talking about straight up facts.

But many of the campaign's creditors are small businesses that say they will suffer major hardship if they are not paid.

Stiffing small business was the type of stuff we got angry about here when Hitlary did it in '08. Why are you giving this guy a pass on not paying his bills?

27 posted on 05/02/2012 10:20:14 AM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: LetsRok
That is like blaming George Clooney when a movie he is starring in goes over budget.

No it isn't! Not unless Clooney is actually paying to have the movie made.

If you want a better comparison, try Gibson and his 'Passion of Christ' -- which made a $billion.

Presidential candidates ARE responsible for their campaigns and campaign staffs and the campaign budgets.
28 posted on 05/02/2012 10:21:23 AM PDT by TomGuy
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To: TomGuy

It’s very depressing to see people on a conservative site come out and blast the only conservative that was left in the race. Even conservatives fall for the media meme these days apparently.


29 posted on 05/02/2012 10:33:44 AM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
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To: ScottinVA

He has some character flaws that flunk what I learned as an Army Officer.


30 posted on 05/02/2012 10:42:53 AM PDT by Old Retired Army Guy
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To: Clara Lou

“The man has no money-sense whatsoever.”

Pretty dumb statement considering he’s the only Speaker in the last 80 years to balance the federal budget.


31 posted on 05/02/2012 11:14:27 AM PDT by thatjoeguy (MAYDAY! MAYDAY! We are so going in ! !)
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To: Old Retired Army Guy

you win the honesty psot of the week award. good for you


32 posted on 05/02/2012 11:31:35 AM PDT by q_an_a (the more laws the less justice)
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To: detective
It is the same flaw that caused Newt to sit on a love seat with Nancy Pelosi and make TV commercials for Al Gore's global warming scam

Is it safe to say such things on FR now?

33 posted on 05/02/2012 11:31:35 AM PDT by what's up
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To: Old Retired Army Guy; q_an_a

That’s complete garbage. He already paid down half a million last month and will continue to do so. He didn’t need the campaign to sell books, do speeches or make money, unlike, say, Ron Paul who makes campaigning his career. Newt already had a successful career.

Newt got in the race not for himself, and not necessarily thinking he would win at first (although by December he definitely did think he could win) but to give a voice to bold, creative, conservative ideas. Every one of his ideas on Social Security, the space program, the courts, energy exploration, income tax reform, etc. blow anyone else’s in this primary out of the water and would help the country a great deal if they were implemented. His career has been dedicated to selflessly helping the country and the Republican party. The party owes him a lot and definitely should help pay his debts, especially after the Romney/RNC coalition tried to destroy Newt’s reputation in Florida with lies. They’re mostly responsible for putting Newt’s campaign in this financial position for their own self-interest.


34 posted on 05/02/2012 11:47:23 AM PDT by JediJones (From the makers of Romney, Bloomberg/Schwarzenegger 2016. Because the GOP can never go too far left.)
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To: Mountain Bike Vomit Carnage

Oh please! The creditors knew who and what they providing credit to, it was a political organization not Newt.

Any one of them could stop providing credit at any time so please spare the tears and shock.


35 posted on 05/02/2012 11:47:57 AM PDT by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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To: conservative98

So was Hillary’s debt all eventually paid off only from $2,500 donations?

This article says from 2/2009 to 2/2010 she paid off $4.5 million in debt, the vast bulk of her remaining debt at that time.

http://www.politico.com/news/stories/0210/32320.html

Newt had raised millions for his think tanks like American Solutions so I have a feeling he’ll be able to pay this down in the same timeframe Hillary did.


36 posted on 05/02/2012 11:57:37 AM PDT by JediJones (From the makers of Romney, Bloomberg/Schwarzenegger 2016. Because the GOP can never go too far left.)
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To: what's up
It is the same flaw that caused Newt to sit on a love seat with Nancy Pelosi and make TV commercials for Al Gore's global warming scam

Is it safe to say such things on FR now?

To my knowledge no one ever got zotted for criticizing Newt. The only zottable offense I saw in this primary was supporting Romney. Plenty of Santorum supporters here spent months bashing Newt and vice versa.

37 posted on 05/02/2012 12:13:21 PM PDT by JediJones (From the makers of Romney, Bloomberg/Schwarzenegger 2016. Because the GOP can never go too far left.)
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To: Mountain Bike Vomit Carnage

How much does John Glenn still owe for his presidential run?


38 posted on 05/02/2012 12:38:06 PM PDT by Rannug ("God has given it to me, let him who touches it beware.")
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To: JediJones

is that successful career the one where his company filed for bankruptcy? Newt knifed a good number of republicans in the back when he was speaker - that is why he had so little support during the campaign. Just remember he was for that crazy NY republican before he was against her.


39 posted on 05/02/2012 12:42:24 PM PDT by q_an_a (the more laws the less justice)
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To: JediJones
There were were a couple of days or so of VERY heavy zotting for saying ANYTHING anti-Newt.

Somehow you missed it.

40 posted on 05/02/2012 1:52:30 PM PDT by what's up
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To: Mountain Bike Vomit Carnage
It still amazes me that they make a BIGGER news story out of this than the UNACCOUNTED for 1.2 BILLION dollars in CLIENT funds missing that John Corzine, Obama's one time official choice for treasurer, is responsible for. There are emails showing that Corzine authorized the transfer of the funds himself

Corzine has never been charged, the money is still unaccounted for, and Corzine is currently raising funds for Obama's re-election.

CRIME DOES PAY!

41 posted on 05/02/2012 2:30:18 PM PDT by VideoDoctor
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To: q_an_a

He left that successful company to run for president and its financial problems only happened after he departed.

Give us the specifics on who Newt “knifed” in the back. We hear these vague accusations sometimes but we don’t ever seem to find out who was specifically “knifed” and how. What is more clear on the record is how Newt was made a punching bag by the media just as they did with Bork, Quayle, Palin, etc. and how many in the party thought it was easier to offer him up as a sacrificial lamb rather than defend him.

I couldn’t care less about what Newt thought about one little House race one year. That doesn’t amount to a speck of dust on Mt. Everest compared to everything he’s done for conservatism in his career. It’s ridiculous to keep bringing something so inconsequential up. Politicians endorse other candidates all the time for a whole host of reasons and it’s not always because they agree with everything that politician says or does.


42 posted on 05/02/2012 2:35:47 PM PDT by JediJones (From the makers of Romney, Bloomberg/Schwarzenegger 2016. Because the GOP can never go too far left.)
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To: Mountain Bike Vomit Carnage

The thing that discouraged me about Newt is in June, 2011 he took off for a cruise with his wife. He didn’t spend that time getting on ballots in several states. He didn’t spend that time getting more organized or having fundraisers. He took a vacation right during the most important time of setting up a campaign. For President of the United States, no less.


43 posted on 05/02/2012 5:29:26 PM PDT by Utah Girl (John 15:12, Matthew 5:44)
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To: Utah Girl

If it wasn’t the vacation, I bet it would have been something else that discouraged you about Newt.


44 posted on 05/02/2012 5:31:06 PM PDT by LuvFreeRepublic ( (#withNewt))
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To: Clara Lou

Unlike our nominee, not gifted but flawed?


45 posted on 05/02/2012 5:34:30 PM PDT by Toespi
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To: LuvFreeRepublic

How about talking to 25 students about brain science right before the Delaware primary? I give Newt credit, he can talk a good game. I admire the work he did in the House of Representatives, giving the Republicans the majority after 40 years of Democrat rule. Great job. That gave us conservatives hope. However, after 1998 he made some rash decisions, including the decision to support global warming by sitting on a couch with Nancy Pelosi. I think Newt is great at suggesting new and exciting ideas, not so great at the implementation of them. IMHO


46 posted on 05/02/2012 5:47:05 PM PDT by Utah Girl (John 15:12, Matthew 5:44)
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To: Utah Girl
I know, I know, he sat on the couch.....That being said, our next president will be Obama or Romney and for certain, our country is going down. I do hope those that were concerned about the couch have a real comfortable one to sit on to watch the final fall of America. I do apologize for the snarky reply, but given the stupid reasons why people did or didn't vote for each of the candidates, I am beyond being nice. All that should have mattered in this primary is who is best (strong enough)to take on the entrenched political establishment (both parties) and the media, and redirect our country. Vacations/couches vs saving America. We each had to choose a side. Cheers.
47 posted on 05/02/2012 6:01:40 PM PDT by LuvFreeRepublic ( (#withNewt))
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To: thatjoeguy

Yeah— he can balance the federal budget, but his personal budget and his campaign’s haven’t fared so well.

Your “dumb” comment, is uncalled for. I didn’t insult you or Newt. Newt was the candidate I supported. So many juvenile name-callers at FR these days.


48 posted on 05/03/2012 5:08:23 AM PDT by Clara Lou
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To: Mountain Bike Vomit Carnage

If you can’t run a campaign, how are you going to run a country?


49 posted on 05/03/2012 8:32:43 AM PDT by Amish with an attitude
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To: Mountain Bike Vomit Carnage

Holman worked closely with the Democratic congressional caucus of the 110th Congress


50 posted on 05/03/2012 8:51:41 AM PDT by kcvl
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