Mother Jones reports on the American Legacy Political Action Committee, set up by Newt and Callista Gingrich, which is now trying to fundraise based on opposition to Obama’s Syria policy. The problem is that the PAC is taking in large amounts of money and distributing almost none of it.
The PAC’s website notes that it exists to support federal candidates who share conservative values. The money raised by this email would not directly finance organizing aimed at thwarting Obama’s plan. And there was another problem: This PAC, founded in 2010 and fronted by Gingrich, bags a lot of money from conservative donors, but little of this cash reaches candidates. During the 2012 election cycle, the group took in $515,321—most of it from donors contributing less than $200—and it doled out a measly $9,000 to seven Republican candidates, including Ohio Senate candidate Josh Mandel, Virginia Senate candidate George Allen, and Gingrich himself.In the current election cycle, according to federal disclosure reports and recent PAC emails, American Legacy PAC has raised $1.4 million, as of July 15. But so far it has given only $27,500, or 1 percent, of its haul to five candidates—among them Sens. Rand Paul (R-Ky.), Mike Lee (R-Utah), and Ted Cruz (R-Texas). American Legacy also transferred $500 to a committee created partly to retire the debt from Gingrich’s failed 2012 presidential bid.
Looks like a scam to me. Sounds a lot like Palin’s PAC too.