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GINGRICH’S American Solutions PAC shutters doors – The Daily Caller

August 26, 2011

Republican presidential candidate, former House Speaker Newt Gingrich speaks on deficit reduction, Tuesday, Aug. 16, 2011, at the Heritage Foundation in Washington. (AP Photo/Manuel Balce Ceneta)

Gingrich’s American Solutions PAC shutters doors

Published: 2:59 PM 08/26/2011 | Updated: 6:12 PM 08/26/2011

By C.J. Ciaramella

GOP presidential candidate Newt Gingrich’s once powerful political action group, American Solutions for Winning the Future, has shut down just months after Gingrich left the organization to pursue his presidential aspirations.

The former speaker of the House founded American Solutions in 2007, and it quickly became a powerhouse in elections. Its email list was among the best in Washington in 2008, and the organization was the single biggest spender among PACs carrying the 527 designation in 2010. The organization dropped more than $28 million!

But no more.

“American Solutions has closed its doors,” wrote vice president and comptroller Paige Bray in an email Friday. “Unfortunately without Speaker Gingrich’s leadership we were unable to raise the amount of funds necessary to keep the organization running and we didn’t want to run up a huge debt.”

In its four years of existence, American Solutions raised $52 million. Its most successful push was its 2008 “drill here, drill now” campaign, which included a petition that solicited 1.5 million signatures in support of increasing domestic energy production.

via Gingrich’s American Solutions PAC shutters doors | The Daily Caller.

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