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In another black eye for Newt Gingrich, the flagship of what's known in Washington as "Newt Inc." has filed for bankruptcy.
In a Chapter 7 filing in the U.S. Bankruptcy Court, Northern District of Georgia, The Gingrich Group LLC, doing business as the Center for Health Transformation, filed for bankruptcy Wednesday. (Chapter 7 is "the chapter of the Bankruptcy Code providing for 'liquidation,' that is, the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors," as defined by the federal courts.)
The vast majority of Gingrich's net worth is tied up in the Gingrich Group. Gingrich is worth overall between $7.1 million and $31 million, according to his financial disclosure. He lists a promissory note from Gingrich Group as being worth between $5 million and $25 million.
Rogelio Solis / AP
Republican presidential candidate Newt Gingrich speaks at the Gulf Coast Energy Summit in Biloxi, Miss.
Gingrich was chairman of the group until May of last year, when he announced he was running for president. Since the candidate turned focus toward his presidential run, the Gingrich Group has struggled to raise money, leading to its eventual collapse.
The bankruptcy comes at a time when Gingrich's campaign is struggling to regain any momentum. He has won only two states during his run for president -- South Carolina and Georgia, his home state -- and he lags far behind front-runner Mitt Romney in the delegate count, in third place with just 137 out of the 1,144 needed to become the nominee.
Mitt Romney has half the delegates he'll need to secure the GOP nomination, but Newt Gingrich refuses to leave the race. The Washington Post's Karen Tumulty discusses.
Though he continues to pledge that he's "going to Tampa," the site of the Republican National Convention this summer, Gingrich is sounding increasingly like a candidate fighting for relevance rather than the presidency.
(Here are the bankruptcy filings - Part 1, Part 2.)
The news of the bankruptcy was first reported by the Atlanta Business Chronicle and confirmed by NBC News with the court in Atlanta and a federal court database search.
Gingrich pulled in $2.5 million -- the bulk of his income -- from January 2010 to August 2011 from sister organizations Gingrich Productions and Gingrich Communications.
On the campaign trail, Gingrich has touted ideas coming from his health think tank. And it has been a source of controversy, as questions were raised -- and other campaigns questioned - whether Gingrich acted as a lobbyist on behalf of the group in Georgia.
The Washington Post wrote: “[H]is time there exemplifies the former Georgia congressman’s post-legislative career as a well-paid consultant and policy guru, a role that earned him and his companies tens of millions of dollars over the past decade.”
NBC's Kathy Johnson and Marcie Rickun contributed to this report.
Leave a Comment:
Guess the book & DVD sales aren't what they used to be... even when he forces a campaign staffer to don an elephant costume! lol
You think Newt can hit Willard up for a contribution or two?
Breaking News: Upon hearing this devastating news, Callista was spotted at Tiffany's & her credit card was 'smoking'...
Seriously, he can't even run a company with his name on it... and thinks he can get us out of the fiscal mess that's in congress w.r.t bugdetary issues??
Another myth bites the dust. That of the fiscally responsible teanut.
Deport him.
that guy is a tub of crap
Its funny how someone who proclaims to be so smart, can actually do such dumb things .
They call it a think tank WTF
"But Newt has tons of gas" !!!!!!!!!!
Feisty Redhead Roselle, IL
Breaking News: Upon hearing this devastating news, Callista was spotted at Tiffany's & her credit card was 'smoking'...
After she groomed Newt-ton for his next planetary scam.
Callista Grooms Newt
http://www.youtube.com/watch?v=fH0TKl2eiFg
LMFAO @ Feisty's icon
Allah! First Read is a moving target! How can I keep up with my Republican Muslims and my Communist Democrats at this speed?
Muslim Newt knows how to milk the system. He and the commies have worked together in the past, despite the outward appearancese of not working together. The important thing here is Muslim Republican corruption beats the hijab off Commie Democratic corruption, because it is given by God. Vote Muslim Republican and suffer now, or face an eternity of fire when you die!
And FYI, what is wrong with combing someone's hair? Another Commie Plot, obviously, since Callista refuses to wear a Depression Grey uniform! Of course, she is wearing infidel clothes that make men think horrible things. She needs her burqua for sure.
Methinks that the price of a 5 x 7 color glossy of Newton just went up to $69.00.
Breaking news: Feisty Redhead is as predictable as the sun rising in the east. Do you ever have anything worthwhile to contribute Red? Typical far-left red diaper doper baby. I will let you in on a secret Red, most all moderate republican's and independents pay no attention to Newt, it is you lib's and far-right nuts that keep these people relevant.
Newt is morally bankrupt. So why not financially as well?
OMG Bev!
You owe me a new laptop! The Diet Coke went flying! LMFAO!
At least she can get a comb through his hair which is more then we can say for her!
Intellectually, morally and monitarily bankrupt.
Newt supporters, what were you thinking? (I'm talking to you, Todd and Sarah Palin).
And we thought he was just morally bankrupt !
I wonder if Callista does Newt's "Manscaping" too?
Gingrich... Guess you have to raise the price of those photos from $50.00 to $200.00 and cancel that refund policy on them.
You may also need to consider changing the caption from "I believe marriage is between a man and a woman.. and then another woman.. and another woman" to: "Gingrich and Palin 2030"
As another wise Republican presidential candidate once said...
oops.
So Gingrich went broke following the wrong dream. Time to move on I would say.
If Newt asks nice enough, maybe he can get some assistance from the food stamp President
More fodder for SNL, I am sure the writers are like, you couldn't make this stuff up.
Maybe Newt will have a pscotic breakdown and try to blast himself to the moon, just where he belongs.
So, he filed bankruptcy... putting his bad debt on the back of us... the middle class. Someone has to make up the difference to banks. Didn't his friend Trump file 7 times. We not only allow them to "not pay their fair share of taxes but we let them file bankruptcy". Nice. Our countries thinking is so messed up. Educate yourself please. Republican voting Straight Dem Ticket 2012.
I'm assuming Newt knew for a while that this was going to happen. Such financial problems usually don't happen overnight. So why didn't he drop out of the race before this news? Is he that arrogant to think that the voter is not going to care about this? Or put 2 and 2 together?
PC101 claims " most all moderate republican's and independents pay no attention to Newt, it is you lib's and far-right nuts that keep these people relevant."
News flash PC101, Newt is your republican dog that pooped on the lawn, it is your mess to clean up. Pooper scooper laws say it is the owner who cleans up the mess!
Gingrich's (think tank) was bankrupt from the start..... sorry to say all of America's presidential hopefuls and current won't be enough to turn around the poo storm of economic debt.
Disgraced and bankrupt yet again! Only this time Blingrich is probably too old to recover...
What a sap - now Gingrich just wants to bring the rest of the GOP down too...
Newt and the rest of the GOP are bankrupt on every level.
To Feisty Redhead Roselle, IL
How do you do it and alway mange to be firts on most Posts. Something is wrotten in MSNBC?
However I must agree that even if as of today I do not like our President, I also never liked Mr Gingrich. This too guys kind of have the same attitude of too smart and everyone else is dumb. I think you know what I'm talking about.
lol i was having a bad day until i read all these comments...ty all
sorry newt, we are not laughing at you, we are just laughing at you ;P
I could never understand the reasoning behind political think tanks. What do they think about, more creative negative campaign adds? When was the last time any political think tank came up with an earth shattering idea that made sense to anyone but themselves? Useless, useless, useless.
Well no wonder the poor man wanted $2.50 a gallon gas. here comes the "fire sale" on those cherished books. Tanks newton, I tink yer swell. Like the Idol summer tour, here comes the elephants dragging the big top tent to all the small towns of America. Palin, Newton, and Paul. Step right up America, step right up and see just what might have been. But the big top wont truly begin until the leader of the three ring circus, Mitt the invisible man steps onto the sawdust.
Think tanks serve another purpose - they are tax-exempt. Yep, the think tanks create lies while we subsidize.
Looks like a janitor's job for him at the school.
Well, both Newt and Romney think bankruptcy is somehow a "good thing".
Romney prescribed bankruptcy for the Detroit car companies (probably because he eyed their pension plans and thought how good those numbers would look in Romney's off-shore bank accounts), and Newt prescribed bankruptcy for himself.
Those two guys sure make President Obama look good.
Obama / Biden 2012
And Palin just said the other day that any of the Candidates would be better than Obama ... hmmmmmmmmm ... think again!!!!
TO: bayllie who wrote:
Answer: Yep
LOL!
Obama / Biden 2012
Anyone taking odds on when he announces his withdrawal from the race?
@newscover: Well, consider the source...
How boring to hear someone sit around bashing "the other side" while their hero token socialist destroys America. Get a life.
That would require Newt to actually use logic....Not going to happen! He won't withdraw. The Repub party will simply start ignoring him and force him out before he admits it. Just like what happened when he was Speaker. But, resourceful Newt will crawl into Tampa in order to sell more photos and secure more lobbying spots.
It's a great thing that the Republicans are going to save our economy.
Good start Newt.
He can't even run his own business and he wants to run the nation!
What a jerk!
TheGangrene is "opting OUT"??? Well, what about MittTaxPittanceRommel?? These two "politicos" fit hand in crotch as "self-made" and are going to write the book on fleecing America. The Vomitorium is going to "reader recommend" the material which got a "Thumbs Up!" at Lewisburg Federal Prison for white collar crime and fraud convicted inmates!!!!! And "some " of you people want to put these guys in the executive seat in the OvalOffice???????? Have many delusions lately????
Notice how the think tank struggled without him.
That says tons about Newt. One of the biggest failures of a businessman is the failure to generate a successful succession so the business lives on.
A really good leader not only is the heart and soul of the organization, but passed down way to success to those below.
People thought that Apple could not survive without Steve Jobs. Yes, Apple has had some real problems, but the successors are managing the problems at this point.
They did depend on Steve too much, but they were ones who made his ideas a reality. Steve was merely picking out the better route to make the ideas a reality and guiding them to an unmatched success. As long as one or more of them have ideas, they will overcome the problems of new responsibilities and continue with success.
It looks as though the "tank" sprang a leak! Just another GOP looser trying to sound as though he had some answers besides cutting taxes on the 1%. Newt...take the pledge and NEVER run for ANYTHING ever again!
Concern Citizen-856329
To Feisty Redhead Roselle, IL
She works for them. Its only on First Read articles...she only posts there.
Na, NA, NA ,NA ...................Na,NA,NA,NA ...............Hey, Hey, Hey
Good Bye,
Everybody Sing Along.!!!!!
Guess who gets to pick up the tab for this....WE DO!!
By the forms...he is doing total liquidation, he will be offloading between 1 to 10 million off on us taxpayers and he still gets to keep his millions.
Somehow, it will be Obama's fault.
I'm sorry..................How did we get to the point that we used the words
Newt and Think Tank in the same sentence.?????
Fiest, Bev, AG ....?????????
SO let me get this right .... An extremely rich, far right conservative is running to the government for a bail out after he fails ?
Oh the hypocrisy of it all !
You seem to be a confused bee...Its Bush's fault! Bzzzzz, collapse the opposition, protect the hive!!!! BzzzzzZZZZzzz....Bzzzzzz
Newscover You think that VP Biden is far better than Palin. She makes that jackass look like a hick from the typical south. A typical man with no brains.
BTW Obama is the WORST PREZ we have ever had. We need someone to control every inch of our lives. Someone that controls all and everything that says Government. Wants to be either KING or DICTATOR. NOT GOD BLESS THE USA, GODDAM THE USA. He is getting there with all fools that stand behind him. I hope he goes down with the ship and all his followers go to.
Poor Porcine Piece of Pusillanimous Pustulence. No one has more richly deserved to become penniless than Newt, the Georgia pork barrel.
American Socialist "Guess who gets to pick up the tab for this....WE DO!!"
Unless the taxpayers made a loan to Newt's company, the taxpayers lose nothing.
On the other hand, the $535 Million that the Obama Administration loaned to SOLYNDRA will come out of the taxpayers pocket.
But that was for our energy future man! Down with BIG OIL subsidies!!! BzzzzZZZZzzz.....BzzzzzzZZzzzZZzzz....protect the hive!! Collapse the opposition! BZZZZzzzzzz
Ok, this is getting out of hand...collapse the main post! Hide the sane arguments, we are overwhelmed!!! BzzzzzzzzzzzZZZZZZZZZZZzzzzzzzzz!!!!
See Newt Gingrinch Word List he created that republican politicians use every day as a dog whistle to make their minions jump and react. Do the search!. Republicans release a list of words every day for the politicians to use on the events of the day and one by one they all repeat what they are suppposed to say. Jump litlle teabaggers jump....who is a good boy, you are, oh you cute little puppies jump......Newtie says jump...!
But I balanced the Budget!
Just like old times Newt? Last time you "balanced the budget" it was with social security funds; now it's with bankruptcy court.
A Reagan fiscal conservative!
FACT: The National Debt went up nearly $1 trillion while he was Speaker
(Source: Treasury Direct.gov)
The Republican party candidates need a repeal and replace, not healthcare!
Mike277, "He can't even run his own business and he wants to run the nation!" President Obama, "What's a business?" Who's the jerk?
ROY WILSON-336103
Roy showing another proof that he knows nothing about nothing. Roy, when someone does not get paid, or gets paid pennies on a dollar, they claim it as loss on their tax returns. That loss is not taxable so yes, the taxpayer picks up the tab. Some of Newt's business debts will be discharged, some will be settled for pennies on the dollar. Of course I simplified the process so you could understand.
Again with Solyndra, the Republicans found nothing with their anal probing of Solyndra so let it go. It's old news.
Yes please,,,let it go! Sweep this one under the proverbial rug! BzzzzzZZ!!!
HEY....apparently you did not get the message. You are not supposed to look behind the curtain. Listen to what I say and not what I do. We republicans really, really mean it this time. Yes, Yes I know we have said that every time to get elected but this time we really do mean it.
Its almost like when O'bama said Bush was unpatriotic when he ran the deficit up 4 trillion over 8 years! Shhhhh, let us not speak of it again,even though it is on tape :(
BZZzzzzzZZZ!!
3thirty3 - I believe the answer to your question would be "you!."
Kornfed - please - the GOP has no business pointing fingers at HUGE mistakes made by a political party!
I hate to burst your bubble, but both sides are hypocritical! I know, it is terribly shocking to some of you.
Kornfed
Look up the Savings and Loans crisis that got swept up under the rug by the Bush family in the 80s. Cost to the U.S. taxpayers: $124 billion. That's billion so your Solyndra claim to fame is pale in comparison.
Then you elect another Bush (twice) who somehow manages to be the president during another bank bailout. Cost to the US taxpayer: $800 billion and no strings attached. Thanks to the "thinking" of that administration, the CEO's got themselves nice bonuses funded by the taxpayer.
You seem to think I have allegiance with a party? The Bush's are too liberal for me. They spent like drunken sailors, called for amnesty for illegals, and got us into Iraq and Afghanistan which has gotten us where? I think one should be fiscally conservative in all aspects of government spending. Socially, I believe in freedom. Be gay if you want, smoke dope if you want...just dont impose yourself, your habits, or results there of, on others.
ROY WILSON-336103 - and your proof on Solyndra is where? Once again, get off the Republican Juice.
lmao
this man is filing for bankruptcy, and yet he thinks he can run a country. I bet he pockets a lot of that money under the table (funneling funds).
Freeze all his accounts and check the safe in his home and family members homes. This man is a thief/deadbeat.
Just ask Tiffany's.
Gingrich is a natural born rip off artist without a conscience, this “think tank” is just another one of Newts criminal enterprises but he’s not worried about the bankruptcy he has many more. This guy has been stealing for decades and has somehow stayed out of prison………. It really pays being a corrupt Republican politician.
@ flexmind, re: 1.55: Uh, a generation or two from now when historians/political scientists/sociologists sit down and study this segment of our history I'll bet they determine GW Bush to be the worst president in the history of the USA. By the way this is coming from a person who voted for him twice. You see those folks will not be influenced by the current climate/atmosphere. And they will simply review the good, the bad and the ugly of each administration. So please tell me what was the "good" under GWB, not how he made you feel or how well or not so well he turned a phrase or how he was " a man I could have a beer with" ( which is actually quite ironic seeing as he had alcohol issues) but what he actually accomplished. I'll list the "bad and the ugly" lest you have forgotten: 2 wars, over 4,000 servicemembers gave their lives and another 40,000 gave their limbs not to mention the 100,000 's of dead, wounded and displaced Iraqis and for what? Where are the WMD's, where's the shining democracy as an example for the middle east to follow, where is the cheap oil? How about the housing bubble, the "Great Recession" and the banking/insurance bailouts? You see we have plenty of presidents we still talk about today, not because they were perfect but, because the left a mark on this nation: Monroe Doctrine, Roosevelt Corallary, both used by JFK during the Cuban Missle Crisis and Reagan's justification for intervention in Latin America. How about the Truman Doctrine or the Gettysburg Address, Reagan's "A time for choosing" speech, the New Deal.What should be known as the "GHW Bush Doctrine" is called the Powell Doctrine: in war 1. have an attainable objective 2. have a plausible exit strategy 3. attack with overwhelming force. Instead the "Bush Doctrine" in his own description is 1. make no distinction between terrorists and the nations that harbor them-- and hold both to account 2. take the fight to the enemy overseas before they can attack us here again at home 3. confront threats before they fully materialize 4. advance liberty and HOPE as an alternative to the enemy's ideology of repression and fear. In simpler terms: pre-emptive wars, unilateralism, constant engagement in war overseas. Sounds like a great legacy left by GWB ( sacasm seriously intended)
On Dec. 21st, 2012, an inter-dimensional vortex will open up and suck all of the idiot right-wing Republicans to Never-Never-Land never to be seen or heard from again!!! (I hope.) Peace in the USA then shall reign for a thousand years.
Say it ain't so....!
Republicans don't borrow more than they can pay back. They don't buy homes that they can't pay the mortgage on, they don't borrow money when they don't have a job or any prospects on the horizon to get a job. They don't stiff their creditors.
Republican Presidential Candidates.... do not file for bankpurptcy - doesn't Gingrich realize that Stock holders and investors are risking their money to make this a better place?
Its unfair to take the money - even if its offered. The creditor has a personal obligation to "just say No" when he is overleveraged.
If he can't keep his own finances in order - you seriously want to put him up as the next President?
Maybe its a lot harder to be the President than just wanting the job to fill out the check marks on your resume? Talent must come into the equation some where - ya' think?
HaHaHaHa Just another politician showing us how things are. All you high and mighty Deocrats pointing the finger at Republicans shame on you at least when the make a mistake they file Bankrupcy. When a Democrate makes a mistake they try and hide it Watergate, Monica. If we as families run our finances the same as the Government runs teirs we wouldn't last 7 years would be bankrupt in no time and without any morals to boot. HaHa
Newt was out of the race a long time ago, so this is to be expected!
More good news for President Obama!
NEW YORK (CNNMoney) -- The number of people filing for unemployment benefits fell last week, pointing to continued job growth in March.
Thank you President Obama!! Keep up the good work!!
Tommy, it is more people not losing jobs, but there are not new jobs to go to apparently. Headlines do not always tell the whole story. Read the experts puzzled by the drop in unemployment article on msnbc.
The unemployment drop was a drop in people seeking jobs. That number drops because people give up, don't qualify for unemployment anymore (runs out at some point), OR get jobs. I know a lot of people who are currently underemployed struggling to make ends meet and no longer able to draw unemployment. A lot have applied for early social security or disability.
What this means is more people dependent on government instead of industry for a living wage.
The US Supreme court will help Newt, They did it for "W" in 2000 !
Tommy, you ignorant putz!
More people giving up on looking for work
More people's unemployment benefits expiring, and being removed from the list.
More people working, part time, but underemployed.
More skewed numbers during an election year.
DB,
The report is not about the number of unemployed it is about fewer people being laid off.
BTW for the 6th week in a row the number being laid off is at a 4 year low.
http://www.dol.gov/opa/media/press/eta/ui/current.htm
Save your tale/rant for tomorrows Monthly Job Report from the BLS.
NohBama, you stunted moron! Always help to make your point by insulting a person. Yep, that works for me.
Let me guess the only numbers you agree with are when they are bad and not improving.
Is the US back yet? no, but it is moving in the right direction. Something you seem not to be able to accept.
NoOhBama-
100% correct.
The Long Term Unemployment rate is the highest that it has been in the USA
since the Great Depression. I don't hear a lot of Democrats bragging about that sad issue.
The number of people filing for unemployment just went up from the Gengrich employees looking for work
Gingrich is adding to the unemployment figures WHATTTTTTTTTT
NoOhBama - More doom and gloom huh? Sad... I bet if it was anyone other than Obama (One of those GOP Clowns running for President), it would be okay right?
The unemployment numbers are calculated exactly the same way they were calculated when Bush was president. Republicans were uninterested in the "real" unemployment rate then.
This is really bad news for Tiffanys. Newt had some jewel encrusted nipple rings on lay-away.
NoOhBama
Tommy, you ignorant putz!
More people giving up on looking for work
More people's unemployment benefits expiring, and being removed from the list.
More people working, part time, but underemployed.
More skewed numbers during an election yea
Weekly jobless claims hit four-year low: report
7 surveys prove people who watch Fox are just as misinformed as people who don't watch TV at all.
http://thinkprogress.org/romm/2011/11/22/374434/fox-news-viewers-misinformed-study-jon-stewart/
Turn off FOX.
FOX has a licence Fox News to LIE
Fox News gets okay to misinform public, court ruling
03/09/10
Appellate Court Rules Media Can Legally Lie.
http://ceasespin.org/ceasespin_blog/ceasespin_blogger_files/fox_news_gets_okay_to_misinform_public.html
That may end soon
Murdoch's Sky News admits to email hacking.
The Murdoch phone hacking my involeve DOJ
Beverly in Chicago---
With all you pointing out how the Fox news lies...what do you have to say about the Trayvon Martin taped being edited?
I know you pride yourself on being clever with all your typical Republican insult points (you knock the idea of talking points by Republicans by relish in using the same tired insult points) BUT to the people in this country that recognizes that both the "Fox" Republicans and the "CNN" democrats are being spoon fed you are just another clueless person, sad for the fact that you can't see it, but sadder because you are in the same spot on the opposite side of the fence from the people you trash.
Fox lies? Hell....the housing market lied about homes sales and data. Employment figures have been fudged. Companies receiving bail outs lie and the people protecting their own stupidity lie.
Our government is so corrupt that Martha Stewart spent two year in prison for insider trading while people in Congress were able to pass along all kinds of valuable investment data right into their own portfolios.
Look beyond the party dummy. You are Feisty are nothing more than glorified "teabaggers" for the Democrats. Funny how name calling is okay in politics but not race isn't it?
No, it doesn't matter if its Democrat or Republican, but right now we have a Democrat in office. Speaks for itself doesn't it? This country is trying to get back to work in a socieity where our leader is trying to promote more Gov't. If we don't change the fact that we need less Gov't. and more private jobs this society as we have now won't be able to sustain paying for all the Gov't. jobs.
When will we ever figure out that having an opportunnity to Small business and less Gov't. will make sense to our legislatures? We are heading to a chaotic mess soon whether we have a Dem. or Rep. in office. Time to get rid of them all that don't take care of us. You wait and see the mess we'll be in if we have 4 more years of this Chaotic Saul Alynsky type of Gov't. Martial law will be next. Just wait and see.
Bev, NBC, MSNBC and ABC all got caught lying just this last week or so, were is your outrage against them.
As far a fox I don't think they are any better than any other Media outlet.
Bev were is the outrage against NBC, MSNBC and ABC they all got caught lying about the Trayvon Martin case?
Before you start you attack against me and Fox I don't think Fox is any better or worse than the 3 I listed above.
Robert-373,
Key: President <> (Average Govt. Employees) <> (Population) <> (Percent of Population)
Reagan <> 2.91 mil <> 237.5 mil <> 1.23%
Obama <> 2.78 mil <> 308.7 mil <> 0.90%
http://www.opm.gov/feddata/HistoricalTables/TotalGovernmentSince1962.asp
We currently have a smaller government today than we had under Reagan … so what’s your point!
To the in-bred hatred brain, it doesn't matter what kind of news comes out regarding Obama. Even when he gave the order that took out Bin laden, the pathetic haters (bigots and racist idiots) attempted to find some way of discrediting him. These OBTUSE morons are beyond hope.
For the longest time, " the market will crash under Obama." The market is above 13000. But the nay sayers continue to strive and hope for a collapse so they can feel justified. How sad to live life with such a negative perspective--the new Tea Party Motto! Makes you wonder what kind of home life these negative morons live and one must feel sorry for any relative who have to deal with them?!???
brian192, etc,
Oh, boy, dead black kid, that's the centerpiece of your argument against consistent, 24/7, lying by a British criminal organization that fills the heads of ignorant Americans with pure, unadulterated, no-hormones-or-anti-biotics-added, bullsh^t.
The people rooting against the economy are TRAITORS as far as I'm concerned. They are rooting against America and the American people just because of their hatred of Obama.... Just disgusting!
Na, NA, NA ,NA ...................Na,NA,NA,NA ...............Hey, Hey, Hey
Good Bye,
Everybody Sing Along.!!!!!
Yea keep up the good work, it fell to 359,000; OH shucks it was 350,000 for last 3 weeks. Oh well, who cares, it was only 165,000 when you took office, and the unemployment rate skyrocked to almost 9% and is still at 8.3%, the highest since 1979. Yea, keep up the good work so we can ditch your pestilence soon.
Dennis, apparently we two are the only ones to realize that todays report was only for "NEW" unemployment claims and tomorrows numbers will indicate the march unemployment rate.
New claims are weekly and come out on thursdays and the previous months job report comes out on the first friday of the month for the previous month.
Kind of like many don't realize that there is a difference between a budget, deficit and public debt.
I'll give you a thumbs up even though "fewer" really doesn't mean that the numbers refer to new claims. May be only semantics, but still a good sign.
Dennis - you cannot consider the one without the other. That is like having a chair with only one or two legs.
What makes Faux news different is they are the first and only "News organisation" to go to court to get permission to LIE.
And what's with some of you righties on here, haven't you ever heard of spell check? At least it will help you to appear intelligent.
Dennis, the reason why the number is lower is because of outsourcing.
http://www.politicususa.com/big-government-obama-reagan/
http://www.federaltimes.com/article/20110516/PERSONNEL04/105160303
Technically you have less employees, but you have as many or more people working for you, they just don't have a guarenteed paycheck.
DB,
“First Time” claims for unemployment insurance do not have any relation to the long term unemployed or those that “drop out”.
Tommy-499410 "Thank you President Obama!! Keep up the good work!!"
Yeah - If he gets 'another 4 years', he may get back to the number of jobs Bush had in his last year (2008). According to the government's official Bureau of Labor Statistics, here are the figures for average jobs for 2008 vs 2011;
2008 - Bush's last year = 136,790,000 jobs (including losses at end of year).
2011 - Obama's third year = 131,359,000 jobs, a net LOSS of 5,431,000 jobs.
Link to official Bureau of Labor Statistics site on employment - Compare total jobs for 2011 vs 2008;
ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt
These are the OFFICIAL government figures, not the skewed figures from biased sources.
Frank Lee,
Clearly you did no research and are just throwing numbers around.
4 year low = 9 months before Obama took office.
1979? During Regan’s first term unemployment topped out at 10.8%.
ROY WILSON,
According to your own numbers Bush should have created 150,000 jobs every month for 8 years or 14.4 million jobs but he only created 3 million leaving our country with 11 million fewer people employed when President Obama took office.
Again I say, *always* wait until *after* about 6pm - up to 10pm, to read the comments. Don't even bother infuriating yourself with the comments made between 10pm to about 5 pm. Do not be disheartened silent majority. You are not alone. (Oh, and BTW, "silent majority"...stop being so darned silent!!!)
Obama rocks! Can't wait for the elections, just to see the GOP/Teabaggers twitch and squirm. They are so riddled with hatred and bigotry, they are literally imploding before our eyes.
Bottom line. The GOP has no new ideas, they want to go back to the way it was when they can ripoff America without any checks and balances.
Dennis, Columbus, Ohio "ROY WILSON, According to your own numbers Bush should have created 150,000 jobs every month for 8 years or 14.4 million jobs but he only created 3 million leaving our country with 11 million fewer people employed when President Obama took office."
I see that you subscribe to the Obama school of math, where he 'projects' an increase in spending of $7 Trillion over 10 years, then revises it to increased spending of $6 Trillion, claiming that he 'cut spending by $1 Trillion'.
I made no claims of Bush having 'created' ANY jobs - Presidents don't 'create' jobs, they only create a CLIMATE where jobs can be created - something Obama has failed at - miserably.
ROY WILSON,
It may have been accurate but not related to today’s report which he was responding to.
Dennis, Columbus, Ohio
By the way - just to provide ACCURATE figures on jobs, the official BLS site says the following;
Average number of jobs for 2000 (Clinton's last year) = 131,785,000.
Average number of jobs for 2008h's last year) = 136,790,000, a GAIN of 5,005,000 jobs.
Average number of jobs for 2011 (Obama's 3rd year) = 131,359,000, a LOSS of 5,431,000 jobs under Obama.
Here's the BLS site to verify;
ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt
ROY WILSON,
We have discussed the 2 different data summaries the BLS uses before thus our numbers will never match even that they come from the same government department.
That being said, even if I use your BLS figure Bush left 9 million Americans out of work when he turned the keys to the Oval Office over.
Dennis, Columbus, Ohio " Key: President <> (Average Govt. Employees) <> (Population) <> (Percent of Population).............Reagan <> 2.91 mil <> 237.5 mil <> 1.23%, Obama <> 2.78 mil <> 308.7 mil <> 0.90%"
Just out of curiosity, why are you comparing government workers under Obama with those under Reagan - who first was in office almost 32 years ago? Perhaps because a more recent comparison shows a different story?
How about comparing Obama with GW Bush and Clinton - I suspect we would see a DECLINE in Federal government workers under Bush and a big GAIN in the number of Federal government workers under Obama. Since government workers overwhelmingly vote for Democrats, each additional Federal employee is probably an additional 2 votes for the Democrats (employee + spouse).
But that wouldn't fit your 'spin', would it?
Dennis, Columbus, Ohio "ROY WILSON, That being said, even if I use your BLS figure Bush left 9 million Americans out of work when he turned the keys to the Oval Office over."
There you go again with that 'Obama Math'. If Bush showed 5 million more jobs gained in his 8 years, how is that leaving '9 million Americans out of work'?
And using your 'Obama Math', how many people has Obama left 'out of work' over his three years.
At any rate, this vine is getting old - I think I'll find something more interesting - Bye.
ROY WILSON,
150,000 jobs needed per month (your number) every month for 8 years just to keep up with population growth is 14.4 million and according to you he only created 5 million so that leaves a job deficit of 9 million.
ROY WILSON,
History of the Federal workforce by year (Excluding military personnel):
Key: President - (Average Govt. Employees) - (Population) - (Percent of Population)
Reagan -- 2.91 - 237.5 - 1.23%
Bush 41 - 3.05 - 248.7 - 1.23%
Clinton -- 2.78 - 265.1 - 1.05%
Bush 43 - 2.12 - 295.1 - 0.72%
Obama -- 2.78 - 308.7 - 0.90%
http://www.opm.gov/feddata/HistoricalTables/TotalGovernmentSince1962.asp
* Note Bush 41, Clinton & Obama all had census employees in their numbers.
Dennis, Columbus, Ohio "ROY WILSON, History of the Federal workforce by year (Excluding military personnel): "
Thanks for the link - As I suspected, there was a big drop in Federal workers under Bush, and a big gain under Obama.
Each new Federal worker is likely a gain of 2 votes for Democrats (employee + spouse), since they vote overwhelmingly for Democrats - who promise them big raises and benefits, at taxpayer expense.
ROY,
Do you actually believe that all Government employees change their political affiliation when the administration changes or just because which administration hired them?
I believe that other that appointed positions, that they mirror the general public in political beliefs.
And since our President froze their pay I would guess they aren’t too happy about that.
The increase in raw numbers appears large but when you look at the percent of the population it is not so large – smaller than 3 of the last 4 Presidents.
As for the numbers they are averaged over their entire tenure. So for President Obama they only account for 2 years (2009-10) which is weighted by census workers over that short time. Also many of the employee increases were due to planned expansion to the DHS and FEMA approved in 2005-06.
Fox News is not worth worrying about. Anyone watching Fox News already has their mind made up. Fox is just preaching to the choir, not converting independents or undecideds. They long ago gave up any pretense of being a legitimate news organization. An objective news organization can't donate money to one of the political parties like Fox has. They have admitted that they are an "entertainment" network, not a news network and that they don't always tell the truth. The people who buy what they hear on Fox News are the same people who buy junk from the home shopping network, and send money to television preachers. They are the 20% of the population who think Sarah Palin is qualified to be president.
Hannity put on his "Freedom Concerts" to aid War on Terror veterans and their families, but most of the money went to Hannity and his relatives.
Murdoch is just after the money. Obviously, he will say anything, do anything, lie, cheat, steal, and spy to get the money. He is only conservative because it's so profitable. He made his money with soft porn, and his Direct TV is one of the biggest deliverers of hard core porn in America. His own conservative pastor, Rick Warren, asked him to quit showing porn, but he refused. Too much money being made.
Aww Man! NOW how will we colonize the moon?
I don't know 96 but he better get Calista back there soon.
We could start by sending Newt. After all, it only needs to be a one way ticket.
Gingrich think tank files for bankruptcy
Ha! I knew it. They're mentally bankrupt
Bankruptsy as in ??????
A) Moral
B) Intellectual
C) Financial
D) All of the above
Yes -- you guessed it right. The answer is D.
Which is the most ludicrous combination:
!. Newt and think tank
2. Newt and common sense
3. Newt and fiscally conservative
4. All of the above
5. All of the above with Newt "and RepubliCons" added
House Republicans have fallen so far out of favor with the American public that it's entirely possible Democrats could take control of the House!
Let's keep up the pressure! Democrats, we can defeat hate if you vote!!
Agree. Vote Democrat so we can start getting things done in Congress!
For sure. It will be another stagnant four years if we don't help our president by providing him with a Democratic congress.
Barack Hussein Obama, given a Democratic congress, will be the greatest president this country has ever seen. I promise.
Come back from the Dark Side, republicans!
Tommy-
Very simple minded of you. I suggest you ask your Democrat reps why they have not had a budget bill passed since Obama has been in the White House. Not even the democrats vote for the bill that Obama offered. Rep. Paul Ryan has come out with a budget plan to take control of spending and it has passed in the House. Maybe the Democrats can do something positive and get this passed in the senate. I hope this is not too over the top for my liberal friends that typically wish to chastise and condemn anything the GOP does without actually knowing what is going on. Before everyone starts crying about the bill, I suggest you read it and not just go by what the liberal media has to say about the bill, those will not be the facts. The distorted stories offered by the MSM is usually just sensationalism for the primary purpose of gaining viewers.
I am all for Obama being re-elected and the Democrats taking back Congress. However, once they are back.. they have to start delivering on promises to the American People... we still need to cut wasteful spending across all lines (corporate and social welfare as well as other areas), cut out the lobbyists and pac money, resolve issues with the economy, and ensure equal rights are guaranteed for gays/lesbians in this country.
Again...the Democrats have not had a budget plan that would balance the budget since Obama was elected. The Democrats do not even vote for Obama's proposed plan. Not one Democrat has voted for his plan. The House and the Senate were held by the Democrats the last 2 years of Bush's Adm. and the first 2 years of the Obama Adm. No blanaced budget.
Keep in mind, among the republicans are democrats who are democrats by party, but their convictions are any and all that favors the top 2%.
Republicans have come up with 4 plans. First one filibuster/block every plan to restore the econmy back to normal to defeat Obama, second plan hold america hostage and extended the tax breaks for the rich, third plan Ryan plan #1 more tax breaks for rich, raise taxes on poor and middle class, kill Soc sec, medicare, post office. Fourth plan Ryan plan #2 More tax breaks for rich, more taxes on poor and middle class, kill soc sec, medicare, post office.
Not one plan to help with job growth. Instead they pass voter suppression laws all over the country to end the elderly, poor and students voting rights so they can kill soc, medicare, post office , etc.
I love it....both parties have been destroying this country for years but yet some of you still believe one party is better than the other.
Step 1....Vote out all incumbents...serve notice that politics as usual from both sides won't work anymore. Now I know this will be hard for many of you but you actually have to look for the best candidate and not the party line bozos.
Step 2...?????
The point is...the only people winning by the finger pointing are the politicians.
Step 2
The key word, vote. I'll never understand in all my years the low percentage of voter turn out.
Starsailing-
Your assertions are completely false and obviously coerced by the MSM and you have not read Ron Paul's budget plan at all. This is exactly what is a huge problem here in the USA. The GOP has a plan, Ron Paul's. Even some democrats are showing enough sense to vote for it. The Obama plan is non-existent. NO ONE VOTED FOR IT....instead of complaining like spoiled 3rd graders, let's do something positive for a change and move forward. Look beyond party lines and let's use common sense for a change.
OK...simple minded Liberals...insert mindless rhetoric here.
The best party affiliation is no party affiliation. All politicians are a boil on the butt of American citizens. Keep a close eye on all of them. Thieves and charlatans pulling the wool over stupid Americans' eyes with slick rhetoric. All of them.
Hog Lover-(I love the name)
I can agree with that to a point, but, having more than one party does keep some sort of a balance of government. I believe that was the intent by our founding fathers.
rob peters,
Looks like you've taken the lead on simple minded rhetoric. keep it up!! Makes for good entertainment.
YoHo-
You make absolutely no sense with your comment. Typical.
The fact that I ask people to actually know what is in Paul Ryan's bill before commenting seems pretty sensable to me...however, Liberals seem to think making assertions that are not fact based and ugly jokes about people because of their political affiliation and the fact alone that there are so many Liberals that are happy to see this company of Newt's fail and have no problem commenting to that fact is unbelievably ingnorant.
Absolutely. If Dems have control of House, Senate and Oval Office, and do not address the economy in a meaningful, effective way, then we might as well throw in the towel as a nation. If neither party can fix the mess, it's time to do away with both of them. (Past time, actually, but that's a different story.)
rob peters
Your conceded attitude truly stinks! People have read and analyzed Ryan's plan and it stinks to high heaven. Just because the plan gives you orgasms, it doesn't mean anyone else gets off on it. the difference between liberals and right wing nut jobs like you is that most liberals have formal education, not just home schooling. Thus, they have an analytical mind. Nothing like that comes from the far right. Just emotional driven crap. So, stop your "I'm and objective thinker" crap. But keep up the posts. They are very entertaining
Alas, Tommy, you have not yet seen the Republican slime action go into action.
The Swift Boat crew poured slime on an American hero, a guy who had the courage to serve in Vietnam, Sen Kerry, and convinced Americans he was a liar. (His crime was he came back from the war and declared it made no sense, and urged an end to it.)
The Koch brothers, using the huge amount of money they make from us selling oil based products, will lie about the approach Obama has taken to protect the environment while still providing access to American natural resources.
The propaganda machine -- Fox News, Aisles, Palin, Coulter, Beck, Limbaugh --- will simply find someone for the ignorati to hate, to fear, to be angry with. It's how they win votes these days. Romney is already declaring he will run against the hide and seek president, you know, the bogey man, and not the president who fights for regular people, every day.
I agree that people are figuring our who hates them and uses them, and who fights for them . . . but the slime machine has only just begun. America has the ability and know how ot fix SS, Medicare, Health care. But that is not profitable enough for the wealthy royalty. If the Repubicans win, it'll be mere months until they tell the rest of us . . . "Let them eat cake."
Tommy and sadmoran...
LMAO, democrats controlled both the houses from 2007 to 2011. Do you really think the electorate will forget what little got done? The 2010 midterms should be a reminder to you. I would bet that if senate majority leader reid was facing re-election this year he wouldn't be ignoring all of the house passed bills coming his way since January 2011.
Book just came out on republican thinking. Their brain is not wired to deal with reality and that is why they make things up.
Paul Ryan plan....kill Soc Sec, Kill Medicare, kill post office, give more tax breaks to the rich, more taxes on poor and middle class, cuts on all programs that help middle class and poor, more subsidies for the rich! Adds WAYYYYY more debt then the Obama plan. Try watching a non GOP tv show for a change for a dose of reality.
Why collapse this? Hit a nerve MSN?
Check this out
http://msmboycott.com/
Unfortunatley the Mainstream Media will not be reporting on Ron Pauls record crowds in CA either. They are still reporting on the laughable crowds of a few hundred Romeny and Santorum get though. They don't want people to figure out they actually have an honest man that is for the people running for President. It would destroy the corruption gravy train the government has worked so hard for.
It is a hard road for the true patriot he has everything stacked against him.
That's brilliant, keep pushing on the Ryan budget BS all the way to November and see what happens. The only thing it does is continue to gut the programs that have been put in place to help those who need the help, about finishes off Social Security, you know that program that doesn't belong to the government, but belongs to the workers who entrusted the government to put the money to the side for when it was needed , but the pieces of $hit politicians couldn't stand by and look at a big pot of money so they started taking it and putting in IOUs, hmm, and who was the first, oh yeah Johnson , oh that's right he was a republican. Now they're doing the same to the USPS by making them pay premiums for health care to cover the next 75 years. Well, at this rate, there will be no USPS in 75 years.Ryan wants to all but gut Medicare too. It's amazing that these pieces of garbage that are representing us have no need for these programs as they are self sufficient enough to live out their lives and truly have golden years while the rest of us work till we die. As for the budget, you can't blame anyone but Congress, both sides as they couldn't come to an agreement. Thus, they failed in their one and only Constitutionally mandated duty. Hmmmm, if I fail to do my work what happens, oh yeah, I get fired. Well, it's time to clean house in Congress then, perhaps we can get rid of those who gutted all the policies, laws, regulations, and other legislation that mandated what can and can't be done in business. Businesses are taking their jobs and leaving the country and bringing the products back in to sell to increase their profits. Then they keep the money overseas in tax havens to avoid paying taxes, and to top it off not only do they rip off the nation by increasing unemployment, they rip off their stockholders and consumers by paying elaborate compensation packages to executives that raise the price of everything. We need a a Congress that will address the needs of our nation and not worry about their buddies and the businesses that paid to get them elected to office. Obama's not our biggest problem, Congress is and if he was to get a new Congress to work with, I'm sure he would make terrific strides in helping our nation get back on it's feet. At least A LOT better than Mr. I like to fire people Romney.
I find it interesting that the here we have a true Republican doing what true Republicans do. You know the ones like Ryan, Mittens, Saint Orum and Newt all telling us in the middle class that we must pay down our national debt. Not the wealthy or corporations but the middle class and retirees must pay down the debt. Now, when push comes to shove, what does Newt, the good Republican, do? He files for BK and does not intend to pay down his debt. Ha! Never trust and Republican!
Rob Peters to pay Paul.
(Could not resist the temptation to say that about Paul's Austrian School of Economics Plan.)
Do you know know how to spell Euro? Ron Paul does. PS: He doesn't believe that your money should be protected while you have it in deposit at your bank (FDIC).
FREEDOM IS ALIVE!!!!!!
Ron Paul packs 10,000 - that's TEN THOUSAND at UCLA yesterday!
MSN and Fox REFUSE to cover this so I thought that I would spread the fantastic news!!!
Yes!
Ron! Paul! 2012!
We can FINALLY END the Obama Marxism!!!!!
ProudAmericanFirst,
Check this out
http://msmboycott.com/
Unfortunatley the Mainstream Media will not be reporting on Ron Pauls record crowds in CA either. They are still reporting on the laughable crowds of a few hndred Romeny and Santorum get though. They don't want people to figure out they actually have an honest man that is for the people running for President. It would destroy the corruption gravy train the government has worked so hard for.
It is a hard road for the true patriot he has everything stacked against him.
Proud American First
Ron Paul packs 10,000 - that's TEN THOUSAND at UCLA yesterday!
MSN and Fox REFUSE to cover this so I thought that I would spread the fantastic news!!!
We can FINALLY END the Obama Marxism!!!!!
Proud American First
Will you spread the word on how few show up to vote for him? In my precinct Ron Paul got zero votes.
From the numbers Ron Paul has been getting the only thing I can see ending is Ron Paul's fanaticism and his cult.
With all due respect, if the crowds don't translate into primary victories then, no, the main stream media won't cover it. With all the support you claim Paul has, why hasn't he done better in any of the primaries?
So there are 10 thousand idiots in LA and you think this is news? I have had bowel movements that make more sense than Ron Paul.
Is he going to use that whopping 10K to make a bet with Romney?
ProudAmericanFirst
Ron Paul packs 10,000 - that's TEN THOUSAND at UCLA yesterday!
What they failed to tell you, Paul paid money to everyone that showed up.
Over the last few days Gingrich has experienced a negative growth rate of friends on Facebook. 'The order of Friending" in order most to least is Romney, Paul, and Santorum.
"That calls for a Moonwalk" !
Come on Ron Paul. Time for you to run as an independent! So says the democrats
Ron Paul should RUNNNNN for Independent Party maybe distribute the vote a little thats what we need is Ron Paul distributing the vote
Lets DO it Ron don't STOP
Explain how Obama is a Marxist? Then explain to me how Bush wasn't an autocratic dictator? I'd rather Obama if he really were Marxist then the Fascist BS the GOP has been handing us since Nixon was in office, in fact go back and read a bit about the Eisenhower/McCarthy era.
You can keep saying (as conservatives do) that the sky is some other color than blue but we all know they're lying.
Marxism, Socialism, So tired of hearing this from the far right.
It's California, what do you expect!
If you LOVE:
HR 347, New and Improved NDAA, Spy Drones in America, Murdering citizens without trial, Patriot, TSA, EO 13575, Fast & Furious, Military Industrial Complex, Illegal Invasions, Corporate Control, etc...
then vote for ObamaMittRickNewt.
Otherwise, vote for Freedom - vote for Ron Paul 2012!
96ws6 - agreed - and yes I signed that :-)
Ron Paul wants a pony.
Starbuck49
Ron Paul does not have enough money to buy crowds like Obama and Romney.
Beverly in Chicago,
Plenty show up to vote there are other reasons the crowds (votes) don't turn into votes.
8 counties in Iowa STILL not counted, several in maine not added to the popular vote. Heck it will take to long to list all the BS the GOP is pulling against Ron Paul look at the links.
These are all from the same source but you can find many more sources if you look.
http://www.youtube.com/watch?v=wRtRTRJRDbo
http://www.youtube.com/watch?v=g3ivrynAFP0
http://www.youtube.com/watch?v=QRonIz8F2Eo
Maybe you should stick to defending Obama's tyranny you seem to know something about that.
"fact go back and read a bit about the Eisenhower/McCarthy era"
McCarthy was a slime ball, but don't blame that on Eisenhower. He was an honorable president, not a crazy ideologue. The John Birchers (the teabirthers of their day) hated Eisenhower, and the teabirthers would too.
sorry ole boy, its been interesting. by the way, arent you glad theres a bankruptcy law?
Newt is on a suicide watch !
Ego can do some damages to one's character.The sad, is Gingrich is so rapped up in his ego, and doesn't know right from wrong.
Anthony-1280878: His ego could be tied to that of his wife No. "X". Wonder when she will file for divorce? Or has she already done so?
In other news, Newt announced that photos with him are now $5M.
Star thats too funny!!!!
Haa haaa haaa haaaaa
Gopers really know how to make big fools of themselves
How EMBARRASSING!
I'll gladly accept his photo IF he will pay ME $5M. I could use it to start my garbage fire.
ProudAmericanFirst,
Check this out
http://msmboycott.com/
Unfortunatley the Mainstream Media will not be reporting on Ron Pauls record crowds in CA either. They are still reporting on the laughable crowds of a few hndred Romeny and Santorum get though. They don't want people to figure out they actually have an honest man that is for the people running for President. It would destroy the corruption gravy train the government has worked so hard for.
The GERITOL company is financing Ron Paul.
She's so fine I don't know where the money went.- Robert Palmer and Newt Gingrich.
Believe you need to add Jon Corzine to that list too!!
Yep and Madhoff too there are lots of them, only working people pay their bills these guys file, stiff their creditors, and walk away. Easy come easy go for them, some of them get rich bankrupting and dismantling companies, that is one more reason I would never vote for Romney. I like a president that saves companies like GM, I'll take a guy that started as a community organizer down in the streets over a wall street type guy every time.
Your opinion which while I don't agree with, I support your right to have it and put it out there.
Fair enough Reb, that works for me.
Actually I think I got the lyric wrong I think it is "She's so fine there's no telling where the money went."
lol, sing it Forest, sing it!!!
I used to sing in 3 flats but I was thrown out of every one of them.
Seriously, I have often played in bands, but they don't let me sing, and they are wise not to, I have a good ear and can tell if anybody or instrument is off key except for my own voice. When I sing it sounds OK to me, if I record it and play it back, I cringe.
Newt Gingrich - "Not Too Big To Fail"
Awesome.
Newt is going to make one giant leap for mankind !
His head is too big, it is huge, he has to get his hats made at an awning shop.
If they made a Newt Gingrich bobble head they would have to use a garage door spring.
His head is also so big it has its own weather system.
utty NEWT is done turn the pig over and stick a fork in him
bill t: Ugh. Me no likum! Tastes like rotten fish. Skunk cabbage make better meal.
Does this mean newtie can march not court and shirk himeslef of his financial responsibility? Isn't this what congressional republicans were crying about when they reformed the law?
Hey if the doofus can't run his own business he needs to stay away from the country...
All along I've thought that Newt was doing all this just for free publicity and to make more money. Now I know that was true: he was doing it to try and save his company. Too bad Newt, it did not work...
However, unlike us mortals, when Newt Inc declares bankruptcy, it is his LLC that takes the hit. All his fees and homes, etc not attached to them are protected. If I were to declare bankruptcy, they would take everything. Since his LLC is an "entity", I wonder what it is feeling now? Anxiety? Fear of death? Shall we call in a psychologist or LLC support group? Maybe some anti-anxiety meds? The Supreme Court really showed their true colors in that politically biased decision!
Yep, he couldn't pull it off like Dick did with Halliburton, bankrupt at the time he took office to one of the biggest 1%'r corporations in the US. Holding the majority of 'no bid' military contracts and able to buy large swaths of 'private/government' land for oil fracking. Also able to jump ahead of 3000 qualified people to steal the heart of another human..... Oh well, what's one more crime against humanity in the long list of crimes Dick has on his head. Trump invested 1 billion in Dubai in 2009, lost his ass and filed bankruptcy on that 'single' corporation, wrote off that billion, no change in lifestyle. They aren't true 1%'rs until they are sued and file bankruptcy. However, if your 99% neighbor is forced to file bankruptcy, they are a bum and placed in the Virtual Debtor's Prison for 10 solid years or more. Financial Discrimination is rampant against the 99%. Another reason for unemployment rates going down is that many cannot apply for jobs at companies that require Credit Reporting and good credit rating, another brick in the wall of the Virtual Debtor's Prison. They can no longer collect unemployment and can no longer apply for the jobs they are qualified to do because WS and the Banks needed their homes along with the 1 Trillion STOLEN and the 1 TRILLION in secret loans we gave them to keep them open so they could steal those homes. Yep, that ain't workin, that's the way you do, get your money for nothing and your chicks for free.
None of that will hold Newt back, he's filed bankruptcy before and we know how the evangical fanatics like to blame the women when men are sluts.....
if corps are persons isn't this abortion?
Newt wants a bailout? That's "rich"!
I'm sure he stashed the cash before filing.
Crooked piece of @!$%#.
I think hic campaign finance manager was spotted in the Cayman Islands.
Hmm, good thought! Are there more "ex-wives" that we don't know about?
Or maybe he'll adopt Ballistic as his "daughter."
Anyway, the Queen called Newt - she wants her drama back.
Starbuck - along with Romney's campaign finance officer.
Sheldon Adelson owns Newts fat @zz now forevaaaa
Looks like economy is not getting any better ...I wonder why?
A newt is an aquatic amphibian of the family Salamandridae, although not all aquatic salamanders are considered newts. Newts are classified in the subfamily Pleurodelinae of the family Salamandridae, and are found in North America, Europe and Asia. Newts metamorphose through three distinct developmental life stages: aquatic larva, terrestrial juvenile (called an eft[1]), and adult. Adult newts have lizard-like bodies and may be either fully aquatic, living permanently in the water, or semi-aquatic, living terrestrially but returning to the water each year to breed.
Many newts produce toxins in their skin secretions as a defence mechanism against predators. Taricha newts of western North America are particularly toxic. The Rough-skinned newt Taricha granulosa of the Pacific Northwest produces more than enough tetrodotoxin to kill an adult human, and some Native Americans of the Pacific Northwest used the toxin to poison their enemies.
Maybe our Newt is toxic also. Against Republican controllers, that is.
It's hard for a "think tank" to be successful when no one there actually thinks.
Maybe he can hit up his personal billionaire for one last check?
Wonder why the Koch Bros. didn't bail him out again like they did with other Republican extremists?
It's a constant source of amusement watching the GOPers fail these Job interviews; ie, the primaries.
They say they will be a better businessman than Obama--then they spend more than they have, or just plain go bust. They say they're better at organization or running the government--and then fail to get on ballots--even in states where they live. They say they would do a better job at foreign affairs; and then demonstrate they have no clue about hot spots (Cain on Libya) or what decade were in (Mitt on Russia)...
If this process really were "applying for a job"--they'd be shown the door.
The company may go down but Newt gets his money.
Oh, NOES! how will Newt get along without looting his so-called non-profits or campaign? will Newt end up in an old construction trailer along the railroad tracks? will his other non-thinking think-tanks tank? will Newt be the first one out in next season's The Apprentice?
who the (!) cares!!! buh-bye!
Goes to show you...if you even THINK about health care, it can make you bankrupt.
God's revenge on Newt wanting to take health care away from children & the needy,,,, They are the inheritors of the Kingdom of Heaven, or so the story goes
A suitable accompaniment to his moral bankruptcy. Maybe Romney can get Bain on the case.
Standard retardican operation. Bankrupt the country, bankrupt your own company. Claim losses, get tax payers to bail you out. After you get bailout claim it should not have happened. Take wife to Tiffany's buy jewelry.
Gingrich to Gingpoor!
Say it ain't so Newt, say it ain't so.
Newt should change his name from Gingrich to Gingrupt
ROFLMAO!!!!!
If republicans are supposedly so good at managing money how come a REPUBLICAN THINK TANK on HC is filing for bankruptcy? They don't even know how to keep their advisers afloat?
I can't wait until November when we throw the stupid conservatives out of power for good. Good luck re-pub morons!