96% of Negative Super PAC Spending Since Iowa Has Targeted Gingrich

Nearly all negative spending by super PACs in the presidential campaign over the past week has gone toward opposing Newt Gingrich, the former House speaker who trailed badly in polls leading up to today’s New Hampshire primary, according to a WSJ analysis of expenditures reported to the Federal Election Commission.

In total, anti-Gingrich super PAC Restore Our Future disclosed $89,962 in expenditures opposing Mr. Gingrich’s candidacy since the Jan. 3 caucuses in Iowa, where he came in fourth. That’s 96% of all negative spending in the past week by super PACs, the newest and most controversial form of political action committee, which can raise unlimited sums of money but aren’t permitted to coordinate with the campaigns.

Here’s how negative spending by super PACs looked over the past week, according to our analysis of expenditures submitted to FEC:

The really bad outcome was, Newt let this get to him, and he exploded with an almost Olympian wrath, painting himself as someone who was AGAINST venture capitalism. And I don’t think that in his heart, Newt is anything of the kind.

Actually, this is probably the general lines by which the Obama re-election committee meant to attack Romney in the general election, and Romney, bless his heart, has the time and resources to counter these accusations and charges before the Obama Chicago Machine can crank them up against him.

But will Mitt take this opportunity and marshall his arguments supporting his actions while at Bain Capital? Or will he just meekly allow the propaganda surge to stand, and be carried backwards in the flood of invective that will surely issue from the Obama regime, once the gloves are taken off?

The nagging fear is that Romney believes that simply being the nominee is enough to rally all the “Anybody but Obama” sentiment that seethes in this country, and will do the very minimum in support of his own election.

With so many failures and vulnerabilities, Obama should already be unelectable, and so immobilized he cannot serve effectively for the remainder of this term. But do not underestimate the determination and tenacity of cornered ‘Rats. If you don’t go for the kill, the vicious and cunning creatures will fight past you and end up inflicting serious damage in the process.

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.