Gingrich Campaign Still in Debt

Worth Clicking: Blasts from the past wound Romney

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February 06, 2012

Gingrich Campaign Still in Debt

The Washington Post reports that Newt Gingrich's campaign has made substantial progress on paying off its debt from the early days of the campaign, but remains in the red to the tune of $600,000.

"By early fall, Gingrich had already racked up serious debts with lavish spending on private jets and luxury hotels, but at the time was largely dismissed as an unlikely Republican nominee for president... As Gingrich's poll numbers have risen, so has his fundraising. While he raised just $800,000 in the third quarter of 2011, he brought in $9.8 million in the fourth quarter, according to records. His campaign has reported that he raised $5.5 million in January."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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February 06, 2012