Documents filed with the Federal Election Commission show Gingrich’s political action committee raised a paltry $34,000 for March and only $53,000 for the year — an indicator that the Georgia Republican will have problems getting the cash he needs to mount a serious Presidential campaign for 2012.
Sources tell Capitol Hill Blue that Gingrich’s PAC curtailed its fund-raising activities in mid-March, another indicator that he may be reconsidering a Presidential run.
Gingrich, the acknowledged leader of the GOP revolt that took control of Congress in 1994, fell out of favor with conservatives and Republicans when he admitted to an affair with a House committee staffer. He later divorced his second wife and married the aide but his fling cost him support from the moralists in his party.
Gingrich later claimed he slept around because he worked too hard in his Congressional career.
But the former Speaker of the House is not headed for the poor house. His 527 Committee, American Solutions for Winning the Future, rakes in tens of millions of dollars from fat cat donors but that money can’t be used for Presidential run. It does, however, support Gingrich and can be used to keep him in the national spotlight.
The 527 committees operate outside the regulations of the Federal Election Commission and reports of its fundraising activities won’t be available until July.
- The Woes of Newt Gingrich (mydd.com)
- Gingrich struggles to raise hard money (politico.com)
- Gingrich’s financial angel – a casino mogul with legal woes (msnbc.msn.com)
- The Gingrich State of Mind (6thfloor.blogs.nytimes.com)