Newt Gingrich has publicly conceded that Mitt Romney will be the Republican nominee. Yet Gingrich stays in the race and continues to send out fundraising emails.
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It seems self-styled fiscal conservative Gingrich is facing bankruptcy.
The former U.S. House speaker’s time on the campaign trail has led to the shuttering of two businesses that generated $107 million in income during the last 10 years and helped him accrue at least $7.3 million in assets. His campaign also is struggling, bouncing a $500 check for the filing fee in the June 26 Utah primary, and amassing almost $4.5 million in debt.
Newt has to campaign so he can attack Obama for not balancing the budget. Because we all know no one is better with finances than Newt.
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