Tuesday, May 22, 2012

Reuters: Gingrich's private ventures are going bankrupt

Callista, Newt Gingrich's wife, was opposed to Newt running for president and he had to take her on a luxury cruse to Greece to change her mind.

During his presidential campaign, Newt restarted it with two new campaign staffs and suspended his campaign when it was $4.3 million in debt. This was one of a string of campaigns he had left in the red.

Newt was hoping for a third resurrection and so were the Democrats. The Democratic Party knew this "has been" would be an easy mark in the general election.

In advertising, one of the tenets is no never advertise a bad product. Such products will sell initially and then sales will decline rapidly.

This is what Rightardia think happened to Newt. We also suspect some of his sponsors and donors may have decided to spend their contributions on the new super PACS,
Toward the end of the campaign, Newt was even trying to sell the list of his campaign contributors to raise cash which is pathetic.

Newt got what he deserved. Callista was right. he should have never run for president.

See the Reuters article: Gingrich's private ventures are going bankrupt | Reuters

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