Gingrich campaign, business interests tied together

 

This is the latest installment in an occasional First Read series looking at the candidates’ financial disclosures.

For the surging Newt Gingrich, his campaign and business interests are intertwined -- and he keeps it all in the family.

A First Read analysis of his financial disclosure finds Gingrich has made millions from companies that bear his name, which his wife and daughter are integral in running, including one that produces documentaries and books Gingrich promotes on the campaign trail. A second source of income is from a talent agency run by his daughter, who plays a key role in his campaign.

But the way Gingrich lists his income raises questions of transparency. Most of Gingrich’s income -- about $2.5 million -- in the year-and-a-half reporting period is listed as coming from Gingrich Productions, the arm of Newt, Inc., that makes the books and movies and where he was a director until he launched his campaign. His wife Callista is the CEO. (The films are produced in partnership with Citizens United -- the same Citizens United that won the landmark Supreme Court case last year that critics contend has opened the floodgates to unchecked money in politics in the form of Super PACs.)

But Gingrich’s campaign says it’s not accurate to say he got the money from “Gingrich Productions” alone. Before he ran for president, Gingrich spokesman R.C. Hammond said, Gingrich combined “Gingrich Productions” and “Gingrich Communications.” Any speaking fees, Gingrich’s FOX contract, and some advisory boards he served on, for example, were paid to “Gingrich Communications” and not to Gingrich directly, Hammond said.

Gingrich told the AP today that he didn’t need to be a lobbyist, because he made $60,000 a speech. But the speeches, the FOX contract, and the boards are not itemized, so there’s no way to tell from the disclosure how much money he made from each or if he made money from anywhere else.

“Obviously, it’s not transparent,” said Bill Allison, editorial director at the Sunlight Foundation, a transparency watchdog. He added, “It probably doesn’t violate the letter of the law, but it definitely violates the spirit of the law, which is to allow the public to understand who is providing a candidate with income and who he has economic ties to. He should be disclosing what he’s getting from these different companies and these different organizations, and that’s the purpose of this disclosure -- to see if he has a particular conflict of interest.”

Gingrich, who made most of his money after he left Congress, is worth between $7.1 million and $31 million, according to a tally of his assets and liabilities. He made between $2.6 million and $2.8 million in the reporting period (from 2010 through July 2011 when he filed the disclosure).

Gingrich and his wife have held at least nine book signings and screenings this month and at least 19 since July, according to a review of the campaign’s daily schedules. Hammond defended Gingrich’s promotional efforts while he is campaigning.

“What should we do then?” he asked. “Should we remove him from all this stuff? The rules are set up; the rules are being followed. … There are rules on this, it's very clearly outlined, and we follow those rules.”

Hammond also points out, correctly, that rivals Michele Bachmann and Herman Cain also hold book signings on the trail. During Cain’s surge in October, he eschewed the traditional early nominating states and went on a seven-stop book tour that was mixed with campaign events. And since her book was released Nov. 21, Bachmann has held at least a dozen book signings, also mixed in with campaign stops.

“What is the difference then with what Michele Bachmann does and Herman Cain and Hillary Clinton when she was First Lady?” Hammond said. He added that President Obama has made millions in royalties from his memoirs since he became president. And “Newt’s books aren’t all about him,” he said. “They're about the country.”

Obama hasn’t mixed book signings with presidential events, but he, too, mixed politics and book promotion back in 2006, when he was a senator and looked like he might become a presidential candidate. (Examples here and here.)

Obama, however, has also released his tax returns, something Gingrich and the other GOP candidates have, so far, declined to do.

“There’s historically been several candidates who ran more as a matter of self promotion than for a serious candidacy,” said Allison, who is also a former journalist and who helped with a book while at the Center for Public Integrity called, “The Buying of the Congress,” published in 1998 and which included a chapter on Gingrich. “There are people who cash in on the campaigns. The knock on Gingrich was that he would show up in Iowa every four years with a book to promote.”

Allison also notes that Gingrich does something “a little more brazen.” Most candidates say, if you want to know their policy, go to their website. Gingrich, on the other hand, says, “If you want to understand my policy, here’s where you can get it” -- in a book he’s written -- “and you have to pay for it. It’s a very unusual thing for a candidate to do, and there’s a question of some for-profit motive.”

Gingrich’s spokesman, though, says the former House speaker’s run for president isn’t about money.

“Newt is very committed to the race,” Hammond said. “The reason they chose to continue screening documentaries and talking about their books is because they share the values about what Newt and Callista believe. They demonstrate their understanding of our history, of our culture, and our people. This is one way they’re demonstrating to Americans how they understand our world and our country and where we're going in the future.”

Gingrich’s second-largest single listed source of income was about $72,000 -- from The Lubbers Agency. A Lexis-Nexis business records search finds that the CEO of the company is Kathy Lubbers, or Kathy Gingrich Lubbers, Gingrich’s daughter -- who was president of Gingrich Communications and is a senior adviser to his campaign.

Gingrich lists five groups that bear his name on his financial disclosure -- “The Gingrich Group, LLC,” where he was chairman until May; “Gingrich Communications, Inc,” where he was a director until May; “Gingrich Holdings,” where he was a director until May; “Gingrich Productions;” and “The Gingrich Foundation,” a charity foundation, where he is a board member.

He also lists a promissory note from “Gingrich Group, LLC” as being worth between $5 million and $25 million. And his stake in “Gingrich Productions” is listed as being between $500,000 and $1 million.

Most of the rest of Gingrich’s money is tied up in investment funds and bank accounts. But he did make between $5,001 and $15,000 from a rental house in Whitehall, WI; $15,000 from the John Locke Foundation; and $4,000 from the American Family Association; as well as income from dividends and interest.

As far as liabilities go, he lists (of course) that $500,000 to $1 million line of credit at Tiffany (which is marked as closed and paid in full); as well as $50,000 to $100,000 to American Express; and a $15,001 to $50,000 Wells Fargo mortgage for his rental property.

Gingrich lists that he was an advisory board member of Fleishman Hillard, a P.R. firm, for a decade from 2000 to May 2011, but he doesn’t list any salary. His campaign says it was likely included in payments to “Gingrich Communications.” Gingrich also reports no income or salary from -- but lists himself as holding positions with -- Healthtrio Centennial (advisory board, January to present); American Enterprise Institute, the conservative think tank (fellow, 1999 to May 2010); and GE Healthymagination (advisory board, 2009 to May 2011). GE is a minority owner of NBC Universal.

Some other business interests he has some stake in: FLC XXXII 24-Hour Fitness, AT&T, Blackboard, Corning, Discovery Communications, Hewlett-Packard, Quaker Chemical, Raytheon, Walgreen’s, Campbell’s Soup, and Dr. Pepper Snapple Group, among others.

New Hampshire Union Leader publisher Joe McQuaid said Monday on FOX that the paper endorsed Gingrich, in part, because he can appeal to regular voters, more so than Mitt Romney.

“I think it's going to be Obama's 99 percent versus the 1 percent,” McQuaid said, “and Romney sort of represents the 1 percent."

Romney is certainly easy to caricature as the 1 percent -- a scion corporate executive with a net worth estimated to be between $190 million and $250 million. But, according to the IRS, the top 1 percent of income earners in 2010 are those households with an adjusted gross income of $380,354.

By that measure, Gingrich is certainly a member.

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Newt and Mitt,the two smartest republicans in the land were walking through the enchanted gop forest when they came upon a large hole in the ground surrounded by brush. They threw a couple of large rocks in the hole to try to gauge the depth....nothing. So looking around Newt spotted an old car transmission and with Mitts help they threw it in the hole and listened...all of the sudden they heard the brush move and looked up just in time to duck this crazy goat that was running at them,and the goat disappeared into the hole....out of nowhere comes a farmer,and says to Newt,have ya seen my goat around here,to which Newt replied,I don't know if it was yours or not but one just came at us about 90 mph !!! the farmer said nope,couldn't been mine,he was chained to an old car transmission.............An update to this story...While the country's smartest two republicans couldn't solve the mystery of the hole,about a week ago the mystery was solved when Ann Coulters Gynecologist returned the goat....and the tranny....and 50 feet of chain !!!

  • 6 votes
Reply#27 - Wed Nov 30, 2011 6:21 PM EST

before ya send me a bunch of nasty post's let me just say..................the goat was unharmed....

  • 2 votes
#27.1 - Wed Nov 30, 2011 6:26 PM EST

Cowboy--That's just awful--and sooo funny!

  • 3 votes
#27.2 - Wed Nov 30, 2011 6:35 PM EST

Cowboy17, excellent!

  • 3 votes
#27.3 - Wed Nov 30, 2011 6:51 PM EST

Oh so funny Cowboy.

  • 2 votes
#27.4 - Wed Nov 30, 2011 7:21 PM EST

On second thought Cowboy, I doubt there is an OBGYN that brave.

  • 2 votes
#27.5 - Wed Nov 30, 2011 7:24 PM EST

Wow Cowboy that was a good one, I haven't laughed that hard in a LOOONG time...

  • 2 votes
#27.6 - Wed Nov 30, 2011 7:43 PM EST
Reply

"Wife and daughter are integral in running, including one that produces documentaries and books Gingrich promotes on the campaign trail" - So if elected and they are currently worth millions by the time he leaves office voluntary or impeachment he and his family would be worth a billion or so...oh, yeah that makes me want to vote for Newt Fred Mac Gingrich for President.

  • 1 vote
Reply#28 - Wed Nov 30, 2011 6:31 PM EST

Please let Gringrich get the nomination. We haven't had a disgraced ex-Speaker of the House run since 1884. He, too, was a Republican and he, too, lost to a Democrat.

  • 4 votes
Reply#29 - Wed Nov 30, 2011 6:33 PM EST

re: The Headline

NO SH*T!

  • 1 vote
Reply#30 - Wed Nov 30, 2011 6:35 PM EST

First of all no American Citizen is a parasite! That is talk of a mentally ill individual who loves to commit TREASON against his fellow citizens. No American should ever be put in a position of being unemployed. No disabled American Citizen should ever have their economic safety net cut. No elderly American should ever have their Social Security destroyed. No American Citizen should ever want to destroy an American President. This equals "Political Treason" at the highest level. "Mickey Mouse Mitch McConnell" had made it very clear. The GOP Lobbyist Goal is to destroy an American President at all costs. Which means saying no to everything. The GOP Lobbyists released today of how they want to pay for the Pay Roll Tax Cuts. THINK! READ! RESEARCH! Then try to have an intellectual view of the issues! That is fact!

  • 2 votes
Reply#31 - Wed Nov 30, 2011 6:41 PM EST

loud applause !!!

  • 2 votes
#31.1 - Wed Nov 30, 2011 6:53 PM EST

Progressive=Forward 11

you must be referring to Cuba or Venezuela. In the US we still have some semblance of liberty and have not yet completely become a totalitarian state.

You can guarantee all of those things only in a totalitarian state where individual liberty no longer exists.

I suggest that if you want to live in that environment you relocate to either of those two countries.

    #31.2 - Wed Nov 30, 2011 7:17 PM EST

    Mr. Robinson,

    It seems to me you might be more at home in China than in the US. After all, they have managed to avoid so much of the opression you complain has been imposed on us, like protection of our air and water, and they still have child labor, unrestrained captialism. That sounds like a Utopian environment that you would embrace.

    • 2 votes
    #31.3 - Wed Nov 30, 2011 8:38 PM EST
    Reply

    They are smart investments...

      Reply#32 - Wed Nov 30, 2011 7:18 PM EST

      Death to Newt Gingrich...now!!!!

      Additionally, Nuck Fewt and Guck Fingrich!!!!

      • 2 votes
      Reply#33 - Wed Nov 30, 2011 7:33 PM EST

      I actually meant, "Additionally, Nuck Fewt and Guck Fingrich!!!!"

        #33.1 - Fri Dec 9, 2011 9:50 PM EST
        Reply

        Years ago, a man from India stated that one must become the change he or she wishes to see in the world... And he did just that by taking his non-violent movement to the rank and file of the entire population of that country. The result was a resounding success. That man remained poor, dressed in robes, suffered long and meaningful hunger strikes to make things accessible for his people.

        Now Fat Boy Newt has his hands and toes in deep, savory and financially rewarding ventures, controlled by his wife and daughter, and continues to refuse opening is tax records, and speaks about his 60K per speech. A tall and lanky man from Illinois once delivered a two minute speech following a 90 minute speech by someone that the country cannot remember. The speeches, the books, the critical comments made by Fat rich Boy Newt will soon be forgotten, but his bank account will continue to fatten. He is about money. He is about uncontrolled ego and misdirected pride, which goes about as far as you can spit. Fat boy Newt is also the Father of the Super PACs, allowing unreported donations from the wealthy which of course finance the Republican campaigns which are designed to scare the public, yet do not speak to the real issues that concern this country. This man, this charlatan is a fraud who comes to us as a false Messiah, when in fact he is nothing but a repeat show of the Republican charade. The 500k credit account at Tiffanys could be better spent on feeding the homeless for about six months - now that would be a charitable act far beyond Fat Boys capacity as a human being.

        • 2 votes
        Reply#34 - Wed Nov 30, 2011 7:34 PM EST

        Get to work!

          Reply#35 - Wed Nov 30, 2011 7:38 PM EST

          Well Newt is still independent Newt is not obligated to any one ,newt is not under oath of any public office and business is business Hell obama is conducting book sales while on presidential business ( error correction VACATIONS ) all the time , no body says a word about ,

          The Newt - obama debates are going to make history World History as the greatest debates of all time ,THE SUPER BOWL OF DEBATES

            Reply#36 - Wed Nov 30, 2011 7:43 PM EST

            Gingrich is one of the dopes that screwed our country with NAFTA and he wants to be president ? NOT .

            • 3 votes
            Reply#37 - Wed Nov 30, 2011 7:43 PM EST

            It was President Clinton that signed NAFTA into law, so I guess he is one of the dopes, right.

            • 1 vote
            #37.1 - Wed Nov 30, 2011 7:59 PM EST

            It was President Clinton that signed NAFTA into law, so I guess he is one of the dopes, right.

            Valid point sfcret. I would rather take 4 more years of Bush rather than 2 more weeks of Clinton.

            Clinton was the greatest practitioner of republican method in our time. Made Reagan look like a traipsing Liberal. Clinton deregulated, signed NAFTA, reformed welfare,....and more Union members lost their jobs because of Clinton than any other President.

            The only part of republican dogma that Clinton did not espouse was deficit spending. He liked balanced books.

            It is estimated that 300,000 people lost their jobs to NAFTA in Michigan alone. We have never fully recovered.

            Clinton was the greatest republican of all time.

            • 1 vote
            #37.2 - Wed Nov 30, 2011 9:40 PM EST
            Reply

            Gingrich is a nightmare.......Still hanging in there for MITT....

            I would vote for Obama before NEWT...not a good 'character'....just look at his past..heartless.....yep heartless...

            Go Romney...

            • 1 vote
            Reply#38 - Wed Nov 30, 2011 7:45 PM EST

            This thrice-married, wife-cheatin', fat-faced, pug-ugly, lyin', unethical, filthy-minded, self-glorified wanna-be, loudmouthed, uncouth, psychotic, misanthropic, whiney-azz, POS will never, ever be POTUS!

            To be continued...

            • 1 vote
            Reply#39 - Wed Nov 30, 2011 7:47 PM EST

            Ted Kennedy died..

            • 1 vote
            #39.1 - Wed Nov 30, 2011 7:56 PM EST
            Reply

            Well, God Bless him. Now which one of his three families is he talking about?

            • 1 vote
            Reply#40 - Wed Nov 30, 2011 7:48 PM EST

            I'm so glad he is rich. It allows him to spend money at Tiffany's which stimulates the economy and creates jobs..

              Reply#41 - Wed Nov 30, 2011 7:48 PM EST

              Read the words of obama and tell me the sort of man that should be sitting in the white house. I vote for Newt not the person who wrote these words.

              Coil of Rage ....


              When you've read to the end, come back and read this first paragraph again.

              A Coil of Rage
              The character of any man is defined by how he treats his mother as the years pass .... need I say more about this person below other than there is no character, no integrity but there is a ton of attitude and arrogance that defines his shallow past and hollow future ..... I rest my case..

              I bought and read Obama's book, Audacity of Hope. It was difficult to read considering his attitude toward us and everything American. Let me add a phrase he used to describe his attitude toward whites. He harbors a "COIL OF RAGE". His words not mine.

              THIS IS OUR PRESIDENT -- HE'S RUNNING AGAIN, YOU KNOW! Is anyone out there awake?
              Everyone of voting age should read these two books by him: Don't buy them, just get them from the library.

              From Dreams From My Father:
              "I ceased to advertise my mother's race at the age of 12 or 13, when I began to suspect that by doing so I was ingratiating myself to whites."


              From Dreams From My Father :
              "I found a solace in nursing a pervasive sense of grievance and animosity against my mother's race."

              From Dreams From My Father:
              "There was something about her that made me wary, a little too sure of herself, maybe and white."

              From Dreams From My Father:
              "It remained necessary to prove which side you were on, to show your loyalty to the black masses, to strike out and name names."

              From Dreams From My Father:
              "I never emulate white men and brown men whose fates didn't speak to my own. It was into my father's image, the black man, son of
              Africa , that I'd packed all the attributes I sought in myself: the attributes of Martin and Malcolm, DuBois and Mandela."

              And FINALLY .............. and most scary:

              From Audacity of Hope:
              "I will stand with the Muslims should the political winds shift in an ugly direction."

              If you have never forwarded an e-mail, now is the time to do so!!! We have someone with this mentality running our GREAT nation! Keep your eye on him and don't blink.

              I don't care whether you are a Democrat, a Republican, a Conservative or a liberal,beware of the attitude and character of this sitting President.


              Spread the word, his own words!

                Reply#42 - Wed Nov 30, 2011 7:52 PM EST

                Nice job of of selective quoting. I too read both books and recognize that you are a total fraud. I bet I could do just as great a job of character assassination of any religious figure by cherry picking different sentences from the Bible.

                • 3 votes
                #42.1 - Wed Nov 30, 2011 8:44 PM EST
                Reply

                There hasn't been a GOTP candidate as hated and divisive since... well, since the last failed GOTP contender, namely Herman Cain. With each new flavor of the week, teabaggers up the ante on repugnance and ill will, not to mention sheer un-electability. There's a silver lining to everything.

                • 2 votes
                Reply#43 - Wed Nov 30, 2011 7:53 PM EST

                The really funny thing is all these Libs on here that talk crap about FOXNEWS must be fans of it. They seem to know so much that they have to watch it.

                  Reply#44 - Wed Nov 30, 2011 7:54 PM EST

                  Newt Gingrich is a SOB and is evil - Chris Matthews today

                  At least Foxnews doesn't stoop to this level of dirtbagness..

                    #44.1 - Wed Nov 30, 2011 7:59 PM EST

                    Nope they at least have class and integrity!!!

                      #44.2 - Wed Nov 30, 2011 8:05 PM EST
                      Reply

                      wow...i don't even have to read this stupid article to realize it's a liberal trying to write a smear article.

                        Reply#45 - Wed Nov 30, 2011 7:55 PM EST

                        It is MSNBC after all

                          #45.1 - Wed Nov 30, 2011 7:59 PM EST

                          There is no need to smear. The subject smears himself.

                            #45.2 - Thu Dec 1, 2011 1:02 AM EST
                            Reply

                            Newt is always and has been for ever a politician with his hand out and his pockets open. Just a money game for him. It's the truth the GOP is full of carnival side show freaks. Strait DOG and PONY show. The Republicans of the old true order are long gone. Suffering from stage fright or not wanting to be in charge when the ship sinks?

                            • 2 votes
                            Reply#46 - Wed Nov 30, 2011 7:59 PM EST

                            I guess this tells it all we need to know about Newt,Ditto Heads.

                            Allison also notes that Gingrich does something “a little more brazen.” Most candidates say, if you want to know their policy, go to their website. Gingrich, on the other hand, says, “If you want to understand my policy, here’s where you can get it” -- in a book he’s written -- “and you have to pay for it. It’s a very unusual thing for a candidate to do, and there’s a question of some for-profit motive.”

                            • 1 vote
                            Reply#47 - Wed Nov 30, 2011 8:00 PM EST

                            Gingrich is a professional politician, campaigns are really just a marketing exercise for his products.

                            • 3 votes
                            Reply#48 - Wed Nov 30, 2011 8:03 PM EST

                            Anyone who writes 22 bad checks on the United States Of America, and then holds a Secret Night meeting to raise his own wages and Congress Wages, has no business trying to fool the American People into Voting for him. Don't Care how many books he writes.

                            • 1 vote
                            Reply#49 - Wed Nov 30, 2011 8:03 PM EST

                            I just love a liberal who is deathly afraid of a conversative who will fix the USA that Obama is hell bent on destroying. It is about time to FUMIGATE the oval office and bring back the picture of Winston Churchill from England that HITLER Obama sent out. Face it folks, Obama is a true and true Muslim. His whole plan is to destroy USA Capitalism and bring in Socialism. He really should be impeached. This guy is a menace.

                              Reply#50 - Wed Nov 30, 2011 8:04 PM EST

                              What did our boy Newt pay in federal income tax?

                              • 1 vote
                              Reply#51 - Wed Nov 30, 2011 8:08 PM EST
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