Covering Washington politics. From our vantage point. One day a time.

Friday, March 2, 2012

Is Newt Broke?

A very telling article about Newt Gringrich from the Huffington Post talks about Gingrich and several of his organization's money woes.
Seemingly a presidential candidate, unsuccessful at balancing his own budget, might have little success at balancing the country's mounting debt crisis.

Writes HuffPost:
Since 1984, Gingrich has launched 12 politically oriented organizations and initiatives based in Washington. Of those, five have been investigated by the Internal Revenue Service and the House Ethics Committee, another five closed down with debts totaling more than $500,000, and two were subject to legal action.
Gingrich's presidential campaign finances have come under fire, leading one staffer to admit Gingrich spends incessantly and ignores warnings from staffers about it.

"The best way to say it is that Newt has no brakes and no rear view mirror," observed one former adviser who still speaks highly of Gingrich, but who requested anonymity because he is forbidden from speaking to the media in his current job.

"So he never pulls back, and he never learns from the past."

You can read the entire article here.

Gingrich, after not having one presidential primary, plans to stay in the race for the presidency, and is anticipating next week's Super Tuesday event.

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