Newt Gingrich ended his campaign earlier this month with nearly $4.8 million in campaign debt, according to a report filed with the Federal Election Commission that reflected campaign activity through the end of April.
Several Florida firms, including a couple of mom-and-pop printing companies, are listed on Gingrich’s debt report and, with Gingrich’s campaign unlikely to raise much money now that his campaign has ended, may be left holding the bag.
Among the outstanding debts:
$63,250 to Soundwave Productions of Tampa.
$32,329 to Ai Advisory of Coral Gables
$27,464 to Communications Solutions of Miami.
$22,000 to Noiseworks News Media, $13,087 to Signs Unlimited of Ocala, $2,500 to the Lenardson Group of Ave Maria and $1,070 to Fletcher Printing Company of Lakeland.
Gingrich’s campaign had owed $3,868 to the good folks at The Villages, but it made sure to pay that bill. Heaven knows Gingrich doesn’t want those people mad at him.
Still, Gingrich’s campaign is a reminder of the number one rule in political consulting — a rule which is actually the law for candidates running in Florida (but not presidential candidates). The law reads: “A candidate shall pay for all expenses authorized or incurred for the purchase of goods or services upon final delivery and acceptance of the goods or services.”
None of that ‘I’ll gladly pay you Tuesday for a hamburger today‘ mumbo-jumbo.
It’s a good rule to operate by, especially, it seems, if you are dealing with the Newt Gingrich campaign.