Okay, Everybody Say, “Awwwwww… That’s Just Awful,” Like You Really Mean It

May 22, 2012 By: Juanita Jean Herownself Category: Uncategorized

Newt.

You know, this was the guy who knew how to handle money and he wanted to handle it all because, you know, he’s so damn good at it.

The Gingrich Group bankruptcy proceedings spotlight the remarkable reversal of fortune of the half-dozen organizations associated with Gingrich. The presidential contender recently ended his campaign $4.8 million in debt. A political nonprofit he headed, American Solutions for Winning the Future, which raised $52 million between its founding in 2007 and its dissolution last July, also ended in debt.

The decline of the health policy center began earlier than previously realized. When Gingrich began considering a presidential bid in early 2010, “the membership began to drop off,” according to Nancy Desmond, who served as managing partner of Gingrich Group LLC, which did business as the Center for Health Transformation.

Businesses under Newt did as well as the country did under Bush.

I know you feel real bad about that.  I heard there’s a canned food drive for Newt and Calista because we’re sure those two deeply religious Catholics will want to pay back all their creditors.

I’m gonna send them a hill of beans because, of course, that’s how much I care.

Thanks to Carol for the heads up.

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0 Comments to “Okay, Everybody Say, “Awwwwww… That’s Just Awful,” Like You Really Mean It”


  1. I guess they’ll have to depend on Catholic charities. Tho I’m not sure the Bishops treat the poor as well as they do zygote Americans.

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  2. How Newt can even show his face at GOB events is beyond me! Santorum, too, for that matter; but then… birds of a feather do hang together.

    Just keep on keepin’ on, Juanita Jean… Hugs ~ Moms

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  3. Paul Haupt says:

    Newt seems to have that wonderful anti-Midas touch. Everything he touches turns to you know what. Couldn’t happen to a nicer “idiot of great renown.”

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  4. notjonathon says:

    He apparently ran through $110 million. He must be as money smart as a pro athlete or a lotto winner. It looks like he and Callista were able to do what usually takes a cadre of hangers on to help.

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  5. fenway fran says:

    Poor poor poor Calista. what will she do without Tiffany’s bling…and having to go to Supercuts for her hair? This is not what she signed on for. Oh smack me, that was mean.

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  6. Cindy D. says:

    How do you take in $52 million and end up in debt. That must take some serious work.

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  7. Angie Dunn says:

    I’m sure the Tiffany’s account is safe. I noted the LLC at the end of the title. Everyone that did business with the guy is screwed but he’ll be just fine. Plus he’ll probably use the debt as a loss on his taxes. He has snarky accountants that will keep Calista in hair spray until the hole in the ozone engulfs the planet…

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  8. TexasEllen says:

    You can’t lose that much money ranching even if you get tanked up on bourbon before bidding on bulls. Newt claims he loves animals, but all he’s left with is the echo of bullshit.

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  9. ks sunflower says:

    Personally, I think it was the Palin endorsements that did him in. After all, everything Sarah touches turns to pooh – even the two athletes she gushed over. Their careers crashed shortly after she praised them.

    TexasEllen, loved your comment! Fenway Fran, I agree with you – I don’t think we will be seeing Calista’s lacquered helmet in all its hard hat glory for a while. Maybe she will be forced to look human again. I also wonder if Newt will find comfort elsewhere once Tiffany’s is off the family shopping list. No smacking required – after all, he who has lived by Tiffany’s must surely suffer by it as well.

    Thank goodness this man did not get control of the national treasury.

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  10. Don A in Pennsyltucky says:

    I don’t suppose that His Nibs will ever be held personally responsible for any of that. After all, he might have to sell some of Caligulista’s jewelry or cut back on her hairspray budget.

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  11. daChipster says:

    Newt and Mitt followed pretty much the same business model, except that Newt plundered his own companies. But Newt even takes it a step further. Bain kidnapped and ransomed actual businesses with actual products and services before burying them in a shallow grave. Newt created his companies out of whole cloth, for the express purpose of selling Newt. He suckered the credulous, then sucked out the credits, leaving dupes and debits in his wake.

    Thus Newt was both the snake oil salesman… and the snake!

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  12. Juanita Jean says:

    Okay y’all, TexasEllen is the only person here who gets to say bullshit. She is a third generation rancher and bullshit is an official agribusiness term. Momma will forgive that one because except for people like Ellen, Momma would not have brisket from Cooper’s.

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  13. OH MY GOD!!!!!

    They will have to live like the rest of us now.
    You know, worrying about stuff.

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  14. Actually, I’m wondering if he got his business advice from Romney?

    You know, bankrupt a company and then…….

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  15. Marge Wood says:

    I have some leftover cornbread I can send ’em and me not even a real documented Texan.

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  16. I’ve cleaned out the frig and can send them all the old leftovers.

    It seems one of the companies in bankruptcy owed Nootie and the Callista several million that his former employees were to pay to buy the company. So now N&C’s major asset (not counting C’s jewelry) is a worthless note for millions. Couldn’t happen to a more deserving couple. I’m sure they’ll find another way to grift off teabaggers rather than fade into obscurity like decent folks would.

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  17. Ralph Wiggam says:

    Time for a government bail out. Newt’s ego is too big to fail.

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  18. Lorraine in Spring says:

    Just heard the news…. Newt…. bankruptcy….. Hahahahahahahahahahahahahahahahahahahahah….breath…. and…. Hahahahahahahahahahahahahaha!

    Yea, that’ll keep a smile on my face for a couple of days, help me get over my jet lag and give me some sweet dreams too….. yea, this is good stuff. Thanks JJ.

    Hahahahahahahahahahahahahhahahahhah!

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  19. OldMayfly says:

    It’s these tragic reversals of fortune that prove the adage, “Diamonds are a girl’s best friend.” If Callista gives Newt the boot, most of the family fortune is her personal property. That would be an interesting matrimonial change for Newt.

    I would feel sorry for the foolish backers who put money into Newt’s scams, but for another adage, “There’s a sucker born every minute.”

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  20. So, what will be the newest or Newtiest book title to help raise funds – afterall, he’s written soooo many.

    If Romney Wins…How my Campaign Was Submarined
    If Obama Wins…See, I Told You Romney Was the Wrong Choice.
    Or perhaps, like Bush on Economics, he should write one on “Effective Campaign Financing.”

    What titles would you expect the Newtster to publish?

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  21. Sam in Pearland says:

    A financial bankruptcy to go along with his moral bankruptcy. Nice.

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