Gingrich will not seek presidency

This morning I reported in the Blue Radar that Newt Gingrich said he would run if he is able to raise $30 million.  But now, just hours later, it turns out he isn't running because election law would forbid him from continuing his political action committee:

Former House Speaker Newt Gingrich will not run for president in2008 after determining he could not legally explore a bid and remain ashead of his tax-exempt political organization, a spokesman saidSaturday.

"Newt is not running," spokesman Rick Tyler said. "It is legallyimpermissible for him to continue on as chairman of American Solutions(for Winning the Future) and to explore a campaign for president."

That just eliminated a person that the Democrats would have beat with any of their candidates (minus Gravel and Kucinich).  I was hoping for him.

Comments

[frankie]

I am glad this bastard is not running. How do you feel about it? Register your vote: http://www.youpolls.com/details.asp?pid=610