Former House Speaker Newt Gingrich will report raising approximately $2 million in the second fundraising quarter of the year and ending the month of June with $225,000 in the bank, POLITICO has learned.I have a lot of respect for Newt as an ideas guy, but I think one of the downsides of the 2010 Republican groundswell is that a lot of old, tired GOP faces seem to think it represented their own vindication and a call for them to return to the national stage. Throw guys like Rick Santorum and George Allen in this group too.
But in a steep obstacle to Gingrich’s comeback hopes, his campaign remains about a million dollars in debt. It will be a struggle for Gingrich to put his balance sheet in the black and fund the kind of operation traditionally required to compete in Iowa, where he has indicated he’ll attempt to turn his campaign around.
Wednesday, July 06, 2011
Spare some change?
Newt could use it.