reuterspolitics:

Gingrich’s private ventures are going bankrupt

Gingrich Group bankruptcy proceedings, under way in Atlanta, spotlight the remarkable reversal of fortune of the half-dozen organizations associated with Newt Gingrich.

The presidential contender recently ended his campaign $4.8 million in debt. A political nonprofit he headed, American Solutions for Winning the Future, which raised $52 million between its founding in 2007 and its dissolution last July, also ended in debt.

Credit: Newt Gingrich stands with his wife, Callista, as he announces the suspension of his presidential nomination bid in Arlington, Virginia, May 2, 2012. REUTERS/Benjamin Myers

Given Newt’s moral and ethical bankruptcy it’s only fitting that he suffers financial bankruptcy as well. — Ryking

John Cole, “Gingrich Flops.”

Jeff Danziger, “Mere Moments Later.”

(In reference to this.)

Rick McKee, “Newt Quits.”

reuterspolitics:

Gingrich to drop out of the race, Fox and CNN report 

Newt Gingrich is expected to withdraw next week from the U.S. Republican presidential contest, CNN said on Wednesday, a day after Mitt Romney added to his commanding lead in the Republican race with primary wins in five states.

Photo credit: Newt Gingrich reacts as he stands with his wife Callista while watching four-year-old Raphael Ploski after his rally in Concord, North Carolina, April 24, 2012. REUTERS/Chris Keane

Gingrich Unloads on FOX News in Private Meeting

During a meeting with 18 Delaware Tea Party leaders here on Wednesday, Newt Gingrich lambasted FOX News Channel, accusing the cable network of having been in the tank for Mitt Romney from the beginning of the Republican presidential fight. An employee himself of the news outlet as recently as last year, he also cited former colleagues for attacking him out of what he characterized as personal jealousy.

“I think FOX has been for Romney all the way through,” Gingrich said during the private meeting — to which RealClearPolitics was granted access — at Wesley College. “In our experience, Callista and I both believe CNN is less biased than FOX this year. We are more likely to get neutral coverage out of CNN than we are of FOX, and we’re more likely to get distortion out of FOX. That’s just a fact.”

Newt “I was perfectly fine with Fox’s right-wing bias until it went against me” Gingrich, ladies and gentlemen!

Randy Bish, “Go Home, Newt.”

thenewrepublic:

Is the Gingrich campaign finally over?

“With more than 130 delegates (although all GOP delegate calculations are murky), Gingrich would, in theory, have a role at a contested Republican Convention. Morley Winograd, an architect of the Democratic Party’s arcane delegate rules and a veteran of the contested Kennedy vs. Carter 1980 Convention, suggested in an insightful column in Politico that Santorum and Gingrich should join forces in a last-ditch stop-Romney coalition. With almost all future GOP primaries winner-take-all by congressional district, Winograd theorized that the anti-Mitt candidates could divvy up the districts based on their comparative strength against Romney. There’s only one problem: It is hard to identify a spot on the remaining primary map where Gingrich would be a stronger challenger than Santorum.”

- Walter Shapiro, “The Sad End of the Gingrich Campaign”