Archive for no money

Gingrich group files for bankruptcy


Oh noes! Newton Leroy Gingrich Inc. has gone all bankrupt on us! Damn you, Tiffany's! Damn you... everything else!

Via First Read:

In a Chapter 7 filing in the U.S. Bankruptcy Court, Northern District of Georgia, The Gingrich Group LLC, doing business as the Center for Health Transformation, filed for bankruptcy Wednesday.

The vast majority of Gingrich's net worth is tied up in the Gingrich Group. Gingrich is worth overall between $7.1 million and $31 million, according to his financial disclosure. He lists a promissory note from Gingrich Group as being worth between $5 million and $25 million. Gingrich was chairman of the group until May of last year, when he announced he was running for president.

Once Newtie ran for president, the money stopped flowing to the group.

And it has been a source of controversy, as questions were raised -- and other campaigns questioned - whether Gingrich acted as a lobbyist on behalf of the group in Georgia.

And just how, again, would Gingrich plan on managing the country's finances when he can't manage his own?

The bankruptcy filings: Part 1, Part 2.


Guess how much Karl Rove's Top Fundraising Group Made Last Month?


Go ahead, guess. I'll wait.

::tapping foot impatiently::

Give up?


You read that right. Two. Hundred. Dollars.

Yes, Mr. Big Stuff, Mr. Bush's Brain, Mr. Be-Scared-Because-I'm-So-Powerful and his new fundraising group, American Crossroads, managed a big two hundred. He said he'd raise $52 million.

Losing your touch, KKKarl?

The group, American Crossroads, raised only $200 last month, according to a report it filed Monday with the Internal Revenue Service, bringing its total raised since launching in March to a little more than $1.25 million. It spent $76,000 in May, primarily on legal fees and salaries, bringing its total spending to $140,000.

They claim that they have received pledges from Big Donors in the neighborhood of $30 million. Peculiar. Do pledges count as "money to spend on elections right now," though? English majors? This is such a Ponzi scheme it's insane.

That's some success story, isn't it?


Poll-itics: Americans Don't Want Reagan on Their Money


By GottaLaff

St. Ronnie of SaddleSore is fifty dollar bill-worthy, according to, you know, America:

A Marist Poll finds that 79% of Americans think it's a bad idea to replace President Ulysses S. Grant on the fifty dollar bill with that of President Ronald Reagan, while just 12% say it's a good one and 9% are unsure.

Moral: Do not take St. Ronnie for Granted.


Michael Steele's spending spree angers donors


I am convinced that if Steele were white he would have been ejected months ago. They have to cling to him to keep up the illusion that they are "inclusive". Wonder if it's worth it watching the cash disappear like that.

Republican National Chairman Michael Steele is spending twice as much as his recent predecessors on private planes and paying more for limousines, catering and flowers – expenses that are infuriating the party's major donors who say Republicans need every penny they can get for the fight to win back Congress.

Most recently, donors grumbled when Steele hired renowned chef Wolfgang Puck's local crew to cater the RNC's Christmas party inside the trendy Newseum on Pennsylvania Avenue, and then moved its annual winter meeting from Washington to Hawaii.

For some major GOP donors, both decisions were symbolic of the kind of wasteful spending habits they claim has become endemic to his tenure at the RNC. When Ken Mehlman served as the committee chairman during the critical 2006 midterm elections, the holiday party was held in a headquarters conference room and Chic-fil-A was the caterer.

A POLITICO analysis of expenses found that compared with 2005, the last comparable year preceding a midterm election, the committee’s payments for charter flights doubled; the number of sedan contractors tripled, and meal expenses jumped from $306,000 to $599,000.