Newt Inc Files For Bankruptcy

The organization know to many as “Newt, Inc” has filed for bankruptcy.

The Gingrich Group LLC filed for chapter 7 bankruptcy in the U.S. Bankruptcy Court, Northern District of Georgia Wednesday April 4,2012. For those who may be unfamiliar with bankruptcy, chapter 7 calls for a liquidation of all nonexempt assets and the proceeds are then used to pay the outstanding debts.

It’s also reported that the majority of Gingrich’s wealth is tied up in the Gingrich Group. Gingrich was chairman up until May 2011 when he announced he would be running for president. The groups estimated worth is somewhere between $5 million and $25 million.

So, here we have a man who would like to become our next president. A man who has run his own business in to the ground (so to speak) and now he’d like to be put in charge of the finances of the United States. Hello…. The guy can’t manage his own business, what makes anyone think he’ll do a better job with the finances of an entire nation?

He’s a man of no character, no principles, no scruples; he’s the type of person that will do or say anything to get ahead in life. He apparently has no practical business sense and he will do NOTHING positive for the state of this nation. He’s a buffoon and he should be deported back to whatever hole it is he crawled out of. Just say NO to Newt!



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