(CNN) – Former House Speaker Newt Gingrich's political organization reported Friday it had raised more than $8 million in the first half of the year, a cash haul that significantly dwarfs that which other high-profile Republicans have raised in the same time period.
But Gingrich's organization, American Solutions for Winning the Future, is incorporated as a 527 group, and is not subject to the same contribution limits as political action committees - the type of organizations most politicians spearhead, including fellow potential presidential hopefuls Mitt Romney, Sarah Palin, and Mike Huckabee.
Unlike PACs, 527s can also directly accept funds from corporations but is barred from directly contributing to a candidate or financing a potential White House bid.
Dan Kotman, the spokesman for American Solutions, said Gingrich was only "one part of the fundraising process."
"He played a role as our general chairman, but there were a lot of other factors," Kotman said.
The organization, with a staff of nearly 20, bills itself on its Web site as "a unique tri-partisan organization designed to rise above traditional gridlocked partisanship."
But it also largely operates as a promotional vehicle for Gingrich himself, regularly dispersing e-mails advocating the former House Speaker's positions on issues, advertising his books, and financing his travel across the country to the tune of nearly $700,000 in the first half of the year, according to a report filed with the IRS.
In contrast, the political action committees of Mitt Romney, Sarah Palin, and Mike Huckabee, each reported raised $1.6 million, $730,000, and $300,000 respectively.
From CNN Politics
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How wonder he and his rich buddies don't care about health care and the economy. They have theirs so they can say no to everyone who is not as fortunate as them.
Gingrich has lost his mind. Republicans are dropping like flies.
PLEASE run against Obama. A southern social conservative...exactly the kind of guy Obama will make into lunch meat.
GINDRICH IS THE
21st century 3rd riech of america
a very scary movment . and alot of people believe in this idiot
this is the same man that dropped his morals .but went after Clinton
what a jerk .
he will want everyone to one hand salute him
like A. Hitler
I will be happy when Newt sends his support to Palin and Romeny. Newts a good guy, but time for some new blood.
This kind of loophole is why we need real campaign finance reform. It's like having laws that require background checks before you purchase a firearm, everywhere except: gun shows.
Until loopholes you can drive a truck through are closed, abuse will occur.
As long as it's not Palin, everybody wins!
Way to go Newt, I hope we can save the country from these lunkheads and thugs that are currently controlling Congress and the White House. What a stellar bunch, Barney Frank, Chris Dodd, Waxman, Pelosi, Reid, Schumer (quick there is a camera, lean in) and the whole dishonest digusting bunch. Hopefully the trials will start shortly.
Who cares if Gingrich is raising money. He is just another Republican family values guy who can't keep his zipper up. Remember this hypocrite was calling for Clinton's impeachment when he was screwing around on his wife.
How do these hypocritical "family values" people like Newt keep raking in all the cash? The guy is one of the biggest fakes out there!
Leave it to Newt to figure out how to use and abuse the system. And still his popularity is lower than Palin, and she has dropped 40 points in Alaska.
So what is that suppose to mean, big deal,he will never be President, he is to OUT THERE in the party of NO LAND
What a sad statement that is for our country.
Must be donations from Corporate America, cannot imagine the majority of Americans giving money to Gingrich for any reason. However, I am sure Corporate America and the rich will donate as much as they can in a bid to keep their hold on America and Americans. I am so very thankful for President Obama, he is all for the people in America....you know the ones...the ones without money, health insurance, jobs, etc.
Wow.... Democrats are really scared of Newt!
Cant feed my family or buy gas or get a job.......give money to
newt gingrich????
UGH
The most corrupt money can always buy the most corrupt politicians.
one word .................... NUTS!
Let's fun Newt for dog catcher!!
Talking about Palin raising money, why is she raising money? And isn't she under investigation for recieving illegal donations?
Are the US laws (according to the Republicans about Republicans) like vehicle turn signals in California, you know, optional. To follow only if you feel like following them.
Haven't we had enough of this putz?
Go get 'em Newt! Palin/Gingrich 2012!
Fools and their money are soon parted...