It’s been more than two decades since Newt Gingrich has run a real campaign.
But as the Wall Street Journal points out today, he has been busy for years, building connections that could help him mount a presidential run.
The Journal calls it “Newt Inc.,” a conglomerate of political, nonprofit and business enterprises that maintains contacts with more than 1.7 million potential voters and helps to fund trips crisscrossing the country.
The Center for Responsive Politics reports that his PAC, American Solutions, has raised about $52 million over the past five years.
The PAC is a 527 committee, enabling it to receive unlimited amounts from individuals and corporations. Its top contributor is Sheldon Adelson, chairman and CEO of the Las Vegas Sands, who has given nearly $2 million. Other big donors include Carl H. Lindner Jr., chairman of American Financial Group Inc. and Michael G. Morris, former chairman of American Electric Power;
American Solutions has focused most of its expenses on building a massive donor list. The Journal reports that it spent more than half the money it raised in the last election cycle on telemarketing and direct mail.
The Associated Press reports that Gingrich is expected to announce his candidacy on Wednesday.