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Friday, April 13, 2012

Newt Gingrich rents donor list to raise cash

Always the political money hustler, what does Gingrich have left to sell to raise cash? The privacy of his donors. His failed campaign rages on as if Newt and wife are rock stars - private jets and expensive security.
Scrambling to dig himself out of a $4.5 million hole, the former House speaker has resorted to renting his presidential campaign’s most valuable asset – its donor list – for as much as $26,000-a-pop. It’s a risky move for an active presidential campaign to give outsiders access to his best supporters and possibly donors who could be easily turned off — just as he says he’s trying to mount a comeback....Campaign insiders attribute the problems partly to Gingrich and his wife Callista’s, asserting that the couple was unwilling to downgrade from private jets and security details even as the campaign floundered. Insiders say Callista Gingrich required an entourage of at least two staffers – including one who dressed in an elephant costume to promote her children’s book – and a contracted security guard who followed her even on non-campaign trips. The scramble to retire debt comes as Newt Gingrich is loaning his campaign thousands of dollars to keep him out on the trail, and he’s eying an uncertain political and financial future, since “Newt, Inc.” – the network of companies and non-profits that made his fortune – has crumbled.
Read the rest here

Judy Morris,
Blogger, THL
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