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  • Newt Gingrich's Think Tank Is Out of Fuel

    We're finally at the last chapter of Newt Gingrich's 2012 run for president. Chapter 7, that is

    Republican presidential hopeful Newt Gingrich’s health-care think tank has filed for Chapter 7 bankruptcy. The Center for Health Transformation, which has offices in Washington, D.C., Atlanta, and St. Louis, plans to liquidate its assets, according to a filing Wednesday in U.S. Bankruptcy Court in Atlanta.

    There are several ways to interpret this news. Let's start with the ivory tower…

    "This ends his campaign. He'll now be completely on the defensive about this," said Emory University political science professor Merle Black.

    "Much like his presidential campaign, even the receipt of millions of dollars could not keep Newt Gingrich’s health-care think tank afloat," said Charles S. Bullock III, political science professor at The University of Georgia. "While health-care costs have bankrupted many without insurance, Gingrich may be the first to go broke studying health-care delivery."

    No doubt these two met at the local pub afterwards and played darts with a picture of Gingrich's face. Probably this one.

    Gingrich supporters, however, are spinning it another way…

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    Tags: Health Care, Hollywood, LGBT, Mitt Romney, Newt Gingrich, Primaries, Republicans, Sheldon Adelson