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June 22nd, 2011

Maybe Gingrich Can’t Afford to Drop Presidential Bid

Newt Gingrich saw more members of his presidential campaign bolt yesterday. This time it was his top fundraising consultants. Any time fundraisers either leave voluntarily or are jettisoned by a campaign just days before an importing fundraising deadline, things are not going well.

Unnamed sources told the Associated Press that Gingrich’s campaign is in debt to the tune of over $1 million. If that is the case it easy to understand why essentially all of Gingrich’s campaign staff quit at the same time. The immense amount of debt could also explain why Gingrich has shown no sign of dropping out of the race. With that amount of debt, it would be very difficult to raise that type of money without still being a candidate.

If the news of Gingrich’s fundraising staff leaving wasn’t bad enough, the Tiffany’s scandal also returned to haunt Gingrich. This time his campaign is admitting that the Gingriches had another line of credit with Tiffany’s than the one that was reported earlier. This additional line of credit was for $500,000 to $1 million, which the campaign says has been paid off.

The chances that Gingrich is somehow going to become a contender in this race are very slim. It seems to me that Gingrich is staying in the race to rebuild his credibility as the idea man of the Republican Party while also trying to raise enough money to pay off his debts.

Photo by Dave Davidson

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About the Author

Craig Robinson
Craig Robinson is the founder and editor-in-chief of TheIowaRepublican.com, a political news and commentary site he launched in March of 2009. Robinson’s political analysis is respected across party lines, which has allowed him to build a good rapport with journalist across the country. Robinson has also been featured on Iowa Public Television’s Iowa Press, ABC’s This Week, and other local television and radio programs. Campaign’s & Elections Magazine recognized Robinson as one of the top influencers of the 2012 Iowa Caucuses. A 2013 Politico article sited Robinson and TheIowaRepublican.com as the “premier example” of Republican operatives across the country starting up their own political news sites. His website has been repeatedly praised as the best political blog in Iowa by the Washington Post, and in January of 2015, Politico included him on the list of local reporters that matter in the early presidential states. Robinson got his first taste of Iowa politics in 1999 while serving as Steve Forbes’ southeast Iowa field coordinator where he was responsible for organizing 27 Iowa counties. In 2007, Robinson served as the Political Director of the Republican Party of Iowa where he was responsible for organizing the 2007 Iowa Straw Poll and the 2008 First-in-the-Nation Iowa Caucuses. Following the caucuses, he created his own political news and commentary site, TheIowaRepublcian.com. Robinson is also the President of Global Intermediate, a national mail and political communications firm with offices in West Des Moines, Iowa, and Washington, D.C. Robinson utilizes his fundraising and communications background to service Global’s growing client roster with digital and print marketing. Robinson is a native of Goose Lake, Iowa, and a 1999 graduate of St. Ambrose University in Davenport, where he earned degrees in history and political science. Robinson lives in Ankeny, Iowa, with his wife, Amanda, and son, Luke. He is an active member of the Lutheran Church of Hope.




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