Newt Gingrich to Announce First Step in Run for President on Thursday

Bookmark and ShareAs mentioned by White House 2012 this past weekend, Newt Gingrich is said to be beginning a run for the Republican presidential nomination. Sources close to Gingrich and in Washington have reportedly been told to get ready to travel to Atlanta Thursday when Gingrich will announce the creation of a presidential exploratory committee.

Other sources claim that some of the closest aides to the former Speaker are beginning to move their email addresses away from his political organization, American Solutions, and toward a strictly political campaign committee mail address.

As reported here in White House 2012 during January of this year, Gingrich had already picked out office space in Atlanta, Georgia where he intends to base his campaign headquarters.

If Gingrich does indeed announce his creation of a presidential exploratory committee, he will become thefourth major contender to take this first step toward a run for the Presidential nomination. Mitt Romney was the first, Tim Pawlenty, was the second, andboth arestill supposedly in the exploratory stages. Former Rick Santorum is the other major contender to have done the same. Lesser known names who have established exploratory committees include, former New Mexico Governor Gary Johnson, activist Fred Karger of California, and former radio talk show host and Godfather Pizza CEO, Herman Cain.

Establishing exploratory committees are largely a sign of a definite run for President. They are usually precursors that give a candidate two bangs for the buck. It allows them to get the attention of two announcements, the creation of their committee and then their actual official campaign kick off announcement. But it also creates a technical legal ability for a candidate who expects to spend more than $5,000 while contemplating an actual run for office. According to election law, exploratory money may be raised without the full disclosure of sources required of true candidates. Only when the candidate drops the exploratory label does the full responsibility of transparency apply.

In addition to these exploratory committees being used as a transitional phase for their bookkeeping but often mainly for the media attention that they afford to a candidate.

Correction;

In the above post I erroneously stated that former New Mexico Governor Gary Johnson hasan existingexploratory committee. That is a mistake. Governor Johnson goes to great lengthsto point out that he is not a candidate and is currently operating a 501(c)4 committee, which by law precludes him from running for office through that committee. While Governor Johnson is widely expected to run, he is not officially doing so yet with an exploratory committee.

This is something which I should be acutely aware of since Governor Johnson has declined an interview with White House 2012 on the grounds that he is a 501 (c)4 and not running for President at the moment.

Thanks to White House 2012 readerBen forcorrecting the record.

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