His backer must have lost his mind when all that effort for a special caucus had Ron win it. lol Thanks for funding that one big guy.
Gingrich Group Looks for New Money as Big Donor Checks Stophttp://www.bloomberg.com/news/2012-02-10/gingrich-seeks-to-ease-fundraising-woes-as-big-donations-slow.html
Republican Presidential candidate Newt Gingrich. Photographer: Chip Somodevilla/Getty Images
Feb. 9 (Bloomberg) -- Foster Friess, fund manager and founder of Friess Associates Inc., talks about his support for Republican presidential candidate Rick Santorum. He speaks on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)
Las Vegas Sands Corp. CEO Sheldon Adelson. Photographer: Jerome Favre/Bloomberg
Newt Gingrich was just days away from the Jan. 31 Florida Republican presidential primary when he told reporters that his campaign was down to its last $600,000.
Five losing contests later, Gingrich and Winning Our Future, an outside political action committee supporting him, are almost silent on television airwaves, offering free water and coffee at events, and revamping a fundraising strategy based largely on the support of a single wealthy backer, Sheldon Adelson, and the Las Vegas casino owner’s family.
In the past seven days, Winning Our Future has spent $61,290 on broadcast television advertisements, compared with $636,920 spent by Mitt Romney and a super-PAC backing him, Restore Our Future, according to data compiled by New York-based Kantar Media’s CMAG, a company that tracks advertising.
For now, the Adelsons don’t plan to deliver another big check to float Gingrich’s campaign, according to a person familiar with their deliberations. The family has donated a combined $11 million to Gingrich’s super-PAC in the past two months, according to interviews and Federal Election Commission records. An Adelson spokesman declined to comment.
Gingrich’s shifting fortunes offer insight into how the rise of super-PACs and wealthy donors in the 2012 presidential campaign can change the dynamics of the contest in a short period of time.