Newt Gingrich Fundraising Machine Shuts Down

 

Newt Gingrich has officially lost the future. The former Speaker of the House raised $52 million over the last four years through his political action committee, American Solutions for Winning the Future—but now that Gingrich has jumped ship to run his own (floundering) presidential campaign, the 527 he founded and chaired has officially shut down. Per Peter Stone:

To make his bid for the GOP nomination, Gingrich had to sever his ties with the 527, as federal election law requires for candidates, and that proved to be a big blow to its growth and ongoing operations, [chairman Joe] Gaylord said…

The group was well known in conservative policy circles for promoting a “Drill Here, Drill Now,” drive to increase the use of domestic energy resources and was invariably a sharp critic of government regulations. This year, the group created a website called noMoreObamaCare.com to spur GOP lawmakers to repeal the sweeping health care reforms that the administration signed into law in 2010.

One election-law expert wasn’t surprised by the group’s quick demise. “Some political organizations are like one man shows on Broadway,” quipped lawyer Larry Noble of Skadden Arps Slate Meagher & Flom in an interview with iWatch News . “Once the stars leave, the shows often fold.”

As Alex Burns notes, Gaylord had initially planned to keep the PAC afloat while Gingrich ran for president; instead, it’s become yet another casualty of his disastrous campaign.

 

More MotherJones reporting on Dark Money

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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