Gingrich's Moneyman is Cutting Him Off

Reuters
Alexander Abad-Santos 862 Views Mar 29, 2012

Sheldon Adelson has been spouting off about the mathematical improbability of Newt Gingrich getting more delegates, which sounds like the casino mogul is ready to stop spending any more on a loser. It may also spell the end of Gingrich's campaign. 

"It appears as though he’s at the end of his – at the end of his line,” Adelson said in an interview with  JewishJournal.com. (Video below.) "Cause, I mean, mathematically, he can’t get anywhere near the numbers, and there’s not – unlikely there’ll be a brokered convention." As the Los Angeles Times notes, Adelson and his wife have already spent $16.5 million helping Gingrich and his super PAC.

So, what happens when your biggest donor folds?  The Daily Beast's Howard Kurtz explains that Gingrich was in trouble anyways

In previous White House campaigns, Gingrich might well have quit when his money ran out. In the age of super PACs, however, his billionaire pal, casino mogul Sheldon Adelson, could keep writing seven-figure checks to bolster the campaign’s efforts. But those dollars aren’t available for the campaign’s own staff and road expenses. That, in part, is why the Gingrich team is now talking about a reduced travel schedule in which the candidate will dip into states where he might do well, such as North Carolina and Texas.

Reduced travel schedule in supportive states... Slashing one-third of his staff... Adelson cutting him off. Exactly how many nails is that in Gingrich's campaign coffin? 

Want to add to this story? Let us know in comments or send an email to the author at aabadsantos at theatlantic dot com. You can share ideas for stories on the Open Wire.

Related Articles   More by Alexander Abad-Santos

A $100 Million Donation from Adelson Is Like You Giving About $300

Meet the Billionaire Who Wants to Help Newt Gingrich Destroy Mitt Romney

Casino Mogul Doubles Down on Risky Gingrich Bet

 

The Gay Boy Scouts Are Still Impossible

What Lesbians Think of Lesbian Porn

Elsewhere on the Web

User Comments

Please type your comment and click Post. If you’re not already logged in you will be prompted to log in or register

  • The Atlantic Wire on Twitter
  • The Atlantic Wire RSS Feed
  • The Atlantic Wire iPhone App