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Newt’s Useless PAC

Mother Jones reports on the American Legacy Political Action Committee, set up by Newt and Callista Gingrich, which is now trying to fundraise based on opposition to Obama’s Syria policy. The problem is that the PAC is taking in large amounts of money and distributing almost none of it.

The PAC’s website notes that it exists to support federal candidates who share conservative values. The money raised by this email would not directly finance organizing aimed at thwarting Obama’s plan. And there was another problem: This PAC, founded in 2010 and fronted by Gingrich, bags a lot of money from conservative donors, but little of this cash reaches candidates. During the 2012 election cycle, the group took in $515,321—most of it from donors contributing less than $200—and it doled out a measly $9,000 to seven Republican candidates, including Ohio Senate candidate Josh Mandel, Virginia Senate candidate George Allen, and Gingrich himself.

In the current election cycle, according to federal disclosure reports and recent PAC emails, American Legacy PAC has raised $1.4 million, as of July 15. But so far it has given only $27,500, or 1 percent, of its haul to five candidates—among them Sens. Rand Paul (R-Ky.), Mike Lee (R-Utah), and Ted Cruz (R-Texas). American Legacy also transferred $500 to a committee created partly to retire the debt from Gingrich’s failed 2012 presidential bid.

Looks like a scam to me. Sounds a lot like Palin’s PAC too.

Comments

  1. John Pieret says

    The problem is that the PAC is taking in large amounts of money and distributing almost none of it.

    Why would anyone think that is a bug rather than a feature?

  2. Chiroptera says

    So Gingrich benefits from having his debt retired, and we benefit from the money not being used to promote evil but viable candidates? It’s win-win!

  3. raven says

    The problem is that the PAC is taking in large amounts of money and distributing almost none of it.

    I don’t see any problem with that.

    Newt gets to spend large amounts of Other People’s Money on himself and it doesn’t go to supporting his New Dark Age causes.

  4. D. C. Sessions says

    So what this amounts to is wealth redistribution. Given the demographics of Republican campaign donations, it might even be downward redistribution.

    Works for me.

  5. grumpyoldfart says

    He’s as safe as can be. If an investigation is started he’ll just open up his shit-files and the investigators will start back-pedaling immediately.

  6. says

    The problem is that the PAC is taking in large amounts of money and distributing almost none of it.

    Yeah, I agree with those who don’t see this as the “problem.” It’s the plan! (Only someone who doesn’t know Newt would think otherwise!)

  7. AsqJames says

    American Legacy PAC has raised $1.4 million, as of July 15. But so far it has given only $27,500, or 1 percent

    Errr (not that it detracts much from the point being made) that’s almost exactly 2%.

  8. Hercules Grytpype-Thynne says

    Newt’s Useless PAC

    Once again, Ed, a headline of yours contains more words than it needs to.

  9. felidae says

    Old grifters don’t fade away, they just keep on grifting I am sure that when Newt goes to his final reward, or more likely, eternal damnation, there will be a PAC “to preserve the memory of a conservative hero”

  10. Subtract Hominem, a product of Nauseam says

    Seriously? He named it ALPAC? That’s about as close as you can get to letting the “fleecing” jokes write themselves.

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