Newt Gingrich’s well-funded network

By Laurie Bennett

May 9, 2011 at 9:45am

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.

Newt Gingrich
Newt Gingrich

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.

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  • #1.   TheDesolateOne 05.12.2011

    Newt Gingrich is a sociopath. Anyone who studies his comments can’t help but agree. Everything he says is so over the top insane, that it’s virtually impossible for any rational human to understand them.

    His agenda is simple. MONEY. Absolutely everything Newt Gingrich has ever said or done, politically, is for one purpose and one purpose only. To add or increase his personal wealth and that of his associates. Newt Gingrich is the point man for the M-O-N-E-Y party.

    Fortunately, for America, he is not only a sociopath, he is also morally bankrupt and completely corrupt. Thankfully, no one with his sorted past will ever be president of anything.

    Let’s not kid ourselves. Newt Gingrich represents everything that is wrong with politics today.

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