Saturday, August 6, 2016

Deadbeat Newt

I guess if your political career is already over, and has been for years, it's okay if you decide to welsh on you campaign debt (if you're a Republican, that is.)

Newt Gingrich apparently has no plans to pay back dozens of small businesses that made yard signs and TV ads for his 2012 presidential campaign.

Gingrich filed a document with the Federal Election Commission this week detailing a debt settlement plan to finally terminate his 2012 presidential campaign committee. The document shows that “Newt 2012” plans to stiff 114 businesses and consultants that are altogether owed $4.6 million.

The former House speaker, failed presidential candidate and Donald Trump vice president runner-up was forced to file the debt settlement plan with the FEC as part of its alternative dispute resolution process. Gingrich was the subject of a complaint alleging that his campaign had illegally commingled campaign funds with corporate funds from a company controlled by Gingrich and his wife Callista.

While the FEC general counsel found reason to believe the allegations in the complaint, the six commissioners split along ideological lines in a 3-3 vote, it did not penalize Gingrich. Instead, the campaign agreed to file a debt settlement plan and terminate in 2016. The plan was originally due on May 23, but Gingrich was granted an extension until August 1.

The debt settlement plan document indicates the “total amount to be paid to creditors” is zero dollars

Gingrich did not respond to a request for comment made through two spokespeople.

So that's how Republicans really feel about America's small businesses. Hoocoodanode, right?

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