Poor Newt.
The old guy from the establishment, who thought he was anti-establishment.
The old guy who thought he was the only "true Conservative" in the campaign.
The old guy who couldn't remember who he was supposed to sleep with.
Now, he is the old guy who can't handle money.
After a hard-fought battle for the Republican Presidential Nomination, consisting mainly of flailing helplessly at shadows on the wall and ghosts from his past, Newt Gingrich finally tossed in the towel. He will grudgingly be forced to support Romney as the Primary Pick, but not because he feels Romney is the right choice. It is because it is the only way to get someone to bail him out of the mess he made. You see, Newt's campaign owes about
$4,000,000.
Regardless of what he believes or says, the only "true Conservative" spends more than he makes. Not only was his campaign spending more than it was taking in, he was hypocritically stating how he was the best choice for President so he could bring the Country back into balance.
Joel Siegel stated in his article in Good Morning America entitled,
Newt Gingrich $4 Million in Debt: Staffers and Creditors Fume how much is owned and to whom.
Now, Romney and the Republican National Committee are suggesting that they may help to bail him out of this mess. That would be a big mistake. Newt, the size of the mess you make is not nearly as important how well you clean it up.
Julie Bykowicz in her article entitled
‘Newt Inc.’ Bankrupt as Campaign Operates on Shoestring, explains that while the campaign is upside down, Newt has amassed over $7,000,000 in assets before the campaign began from his consulting the past 10 years. Therefore, the honorable and truly conservative action on his part would be to liquidate enough assets to pay back the debt that he created.
My advice to Mitt:
Don't bail Newt out. He is a big boy and has the means to fix his own mistakes.
Photo from
Blue Herald