It's not hard to reason this one but you migh...
In a classic political paradox of sorts, Newt Gingrich, one-time presidential hopeful, always portrayed himself to be a paragon of fiscal responsibility. However, now that his campaign has found itself with "slightly less than $4.5 million in debt" he might want to consider re-branding himself!
The logistical mess that his campaign was in became amply evident when his cheque amounting to $500--the filing fee to appear on the Utah ballot--bounced according to media reports. After the ballot office immediately contacted the designated agent in charge, not a single phone call was returned by Gingrich! This highlighted fundraising issues Gingrich has been struggling with from the very start, and as he himself said, "unfortunately, our guys tried to match Romney and it turned out we didn't have anything like his capacity to raise money."
Now, his presidential bid is as good as over. He lacks resources to buy ads or travel, and even the press has abandoned him like an unwanted pariah. This means hardly anyone is getting to hear what he has to say at all.
Still, Gingrich is insisting on seeing it through till the very end, apparently so that "the conservative movement still has a real choice!" He's even dipping into personal funds to keep the campaign going on a "shoestring budget." As a result, many of his top contributors, including real estate mogul Sheldon Adelson, have begun to realize that it is time for Newt to take a step back, rally behind Romney and just admit that his bid has reached a dead-end.
While we're used to even this kind of drama in any United States presidential election, the truly sad part about Gingrich's state of affairs is that he wasn't always so stubborn and foolhardy. After ending a 20-year career as a legislator in Georgia, he built a successful business all by himself. In 2010 itself, he earned up to $3.1 million as the head of two think tanks in Washington and as a speaker through the Gingrich Productions Company that he runs with his wife, Callista Gingrich.
Now, even the Gingrich Group has filed for bankruptcy and intends to dissolve and liquidate all assets--which don't amount to much anyway! And now, given the way his campaign has gone, it will be hard for him to rebuild his career when people can't understand what he stands for and his image branding has failed so miserably.
So all in all, for one of the messiest, failing campaign bids (that refuses to quit, we might add) we've ever seen, all fronted by this once-admirable and intelligent man, we name Newt Gingrich our 'Idiot of the Week.'
-Pictures courtesy Reuters-
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