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Thursday, December 16, 2010

Newt Gingrich - fiscal conservative loves those private jets

You've got to love the name conservative PACs come up with. Newt Gingrich's American Solutions for Winning the Future sounds so optimistic. Like most of these PACs his shares the same traits. They spend a lot of money on themselves.

Last year is organization took in $14.5 million, mostly from the coal industry. Over half of the group's money -- $7.9 million -- went to InfoCision, a telemarketing company that specializes in political, Christian and nonprofit fundraising. They brought in $9.2 million, a 16 percent return on the investment. That means that for every dollar donated to Newt's group through InfoCision, the company kept 86 cents.

The biggest expense for American Solutions was $1,525,393 for private chartered flights for Gingrich. The biggest donors to Gingrich's organization, according to their most recent IRS filing are from the oil, coal and electric industry, which says that Gingrich's 'Solutions for Winning the Future' is living in the past.

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