Pro-Romney Super PAC Warchest Signals Rough Road Ahead for Gingrich
After Tuesday night's crushing Floridian defeat, Newt Gingrich vowed to fight on through the summer. But if the state of the pro-Gingrich Super PAC Winning Our Future is any indication, the former House speaker is in danger of running out of gas long before June.
Consider the numbers. Winning Our Future raised $2.1 million in December and had $1.2 million on hand at the end of the year, according to disclosures filed with the Federal Election Commission late Tuesday evening.
The super PAC supporting Mitt Romney, on the other hand, raised almost $18 million in the second half of last year and had a whopping $23.6 million on hand at the end of last year, the disclosures show. Even taking into consideration the $10 million contribution Vegas billionaire and Gingrich backer Sheldon Adelson reportedly made this year, Winning Our Future is way behind in the money race. And if history is any guide, that's not a good sign for Gingrich.
In Iowa, Gingrich was knocked from first to fourth after a barrage of negative ads by the pro-Romney Restore Our Future PAC. In South Carolina, where Gingrich won handily, the two PACs fought to a draw allowing Gingrich's strong debate performances and retail campaigning to take center stage. In Florida, Restore Our Future regained the upper hand, spending $10 million more than Winning Our Future. And in Nevada, Restore Our Future is up with $80,000 in ads ahead of Saturday's caucus while Winning Our Future has yet to get on the air.
And anti-Gingrich sentiment among the GOP establishment is likely to further fuel Restore Our Future's fundraising and with it, Romney's march to Tampa.