Newt says No

Over the past two weeks, we have discussed the status of the potential Newt Gingrich campaign, first with his mention that he would like $30 Million in campaign pledges to enter the campaign, and then again when he prepared to kick off his “Solutions Day” workshop. Today, however, the decision was made. Newt says No.

Citing the McCain-Fiengold Act, Newt would be in violation of election laws if he formerly entered the race while still chairing his American Solutions committee, since it is a tax-exempt political organization. Since Gingrich has financial ties with the organization, through his consulting work and published articles, he would have to disassociate himself with the committee completely, leaving much of his resources behind.

Also today, he announced that he has no intention on being a vice-presidential pick either, preferring to focus more on his work with American Solutions and the Center for Health Transformation. Through these groups, he can continue his work to search for solutions to the problems facing America today. To share his views, he will continue his work with Fox News and daily radio broadcasts.