One of which will likely be obvious.
The other two?
Not so much.
Stand by.
Newt Gingrich ends his White House dream today with his political committee facing a mountain of debts -- owing about $4 million to scores of businesses and campaign workers around the country who fear they will never get paid.
Campaign watchdogs said the size of Gingrich's debt is extraordinary -- and could have been avoided if the candidate and his team had been more disciplined.
"He was reckless in running up these bills, especially in the last month or so of the campaign when it was quite clear that Mitt Romney would be the nominee," said Craig Holman, a government affairs lobbyist for the watchdog group Citizen Union.
The campaign has been dogged by financial problems since last summer, but its cash crunch accelerated in recent weeks. It finished March with $4.3 million in debts, an alarming increase from $1.5 million at the end of February, according to reports filed with the Federal Election Commission.
The campaign raised $1.6 million in March, spent $2 million and reported having $1.2 million cash on hand.
Help may be on the way. USA Today reports that Gingrich, in an interview, said he is embracing Mitt Romney's candidacy, and Romney and the Republican National Committee have offered to be helpful in retiring Gingrich's debt.
Relief can't come soon enough for the Gingrich campaign's anxious creditors. The campaign owes Moby Dick Airways $1.1 million for travel and charter flights.; the Patriot Group, a Virginia security company, $449,502 for helping to protect the candidate; and McKenna, Long and Aldridge, a law firm with offices in Atlanta, $183,658 for legal services, the reports show.
But many of the campaign's creditors are small businesses that say they will suffer major hardship if they are not paid.
In Phoenix, a company called Pro-Production Services is owed $32,506 for providing stages, lighting and sound equipment for a series of campaign appearances by Gingrich in Nevada last January.
"We floated quite a bit of money -- a lot of out-of-pocket costs that we covered," said Ryan Driscoll, a project manager for the company. "I am a little worried. Nobody wants to lose 32 grand."
Vic Buttermore, owner of Signs Unlimited in Ocala, Fla., says he's "keeping my fingers crossed" the Gingrich campaign will pony up the $15,000 it still owes for an order of 25,000 "Newt 2012" lawn signs
"Am I nervous? Oh yeah, by all means," he said. "They keep telling us, 'We've got you covered, you will be paid.' But I have my doubts. I really do. That's a lot of money for a small company."
Moshe Starkman of Chevy Chase, Md., is among the dozens of frustrated former campaign staffers waiting for back pay. Starkman, who helped the campaign build grassroots support, is owed for more than three months of work.
"You hear the payment is coming 'next week,' or 'later,' or 'in a couple of days.' They always give excuses," he said. "I've had to spend my savings."
Gingrich told ABC News on April 10 that his "management team got very excited in Florida" and went on a spending spree hoping to beat Romney in Florida's Jan. 31 primary. Romney went on to beat Gingrich 46 percent to 32, a turning point in the campaign.
"You know, Romney spent $20 million in Florida in three weeks, and I think some of our guys decided to try to match him and we didn't have Wall Street (support)," Gingrich said. "I am going to spend some time paying it off. It is something I have done several times in my career."
None of the other Republican also-rans for president are as deeply in the red as Gingrich's campaign. Michele Bachmann's campaign has about $1 million in outstanding obligations, Rick Santorum owes $1.9 million and Rick Perry has only $14,463 to pay off.
Tim Pawlenty dropped out of the race owing $435,542 -- but Romney's campaign helped him raise money to retire the debt in return for Pawlenty's endorsement.
As for the three aforementioned issues?
First, the obvious.
Common sense and basic good judgement skills would have any reasonable person questioning the qualifications of someone asking to be elected President of the United States, an office that, ostensibly, requires a certain skill at managing a national economy when said someone so blatantly mismanaged the financial facet of their own presidential campaign.
Here's two more, less obvious, issues hidden amidst the overdraft notices, though.
First, people who support(ed) Gingrich will, bet the farm, find some way of, at worst, overlooking and, at best, rationalizing this kind of irresponsible behavior. It's the same kind of reaction we tend to have when a loved one commits a transgression. It's really not much of a jump from "he's really a good kid" to "he's still the best man for the job".
Second, the last sentence of the news story screams volumes about the American political process but will prompt nary a whisper of notice.
Tim Pawlenty dropped out of the race owing $435,542 -- but Romney's campaign helped him raise money to retire the debt in return for Pawlenty's endorsement.
Here, with undeniable clarity, is politics in plain English...
Most average folks of voting age have, at one time or another, been a part of a conversation that includes some seemingly cynical comment about how elections are "bought".
It's not every day, though, that you see that assertion so casually verified in the national press.
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