Newt made the rounds this morning on the radio talk shows. He sounded pretty upbeat, despite the news that he lost even more of his campaign staff. This time it was two of his top fundraisers. The AJC/AP reported that his campaign is $1 million in debt, hardly a good place to be for someone who wants to be the man to tackle the massive federal debt problem.
The departures of fundraising director Jody Thomas and fundraising consultant Mary Heitman were the latest blow for the former House speaker who watched 16 top advisers abandon his campaign en masse earlier this month, partly because of what people familiar with the campaign spending described as a dire financial situation.
These people, who spoke on the condition of anonymity because they were not authorized to discuss the campaign inner workings, said the former Georgia lawmaker racked up massive travel bills but money had only trickled in since he got into the race earlier this spring.
These officials said that he is at least $1 million in debt. The current fundraising quarter ends June 30, and Gingrich will have to disclose his campaign finances by July 15. He is personally wealthy and could fund his campaign out of his own pocket, at least in the short term, to keep his campaign afloat.
Allahpundit weighed in:
I’m guessing Newt will bravely push on, and possibly even do a third re-launch and re-branding of his campaign this coming weekend. The only question left is, who is still on the team besides his wife and his travel agent?
Well, that, and the question of what new brand is left for his re-branding.
Tags: campaign, fundraisers, Newt Gingrich, quit
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