CBS News : Gingrich Financial Supporter Says He's At The "End Of His Line"Submitted by emalvini on Wed, 03/28/2012 - 21:21
CBS News : Gingrich Financial Supporter Says He's At The "End Of His Line"
(CBS News) As Republican presidential candidate Newt Gingrich downsized his campaign operation amid money woes, his largest financial supporter, Sheldon Adelson, said the former House speaker is nearing the end of the road to his presidential ambitions.
Despite praising Gingrich, Adelson, the Las Vegas casino mogul, said Gingrich is "at the end of his line," partly because he is unable to obtain the 1144 delegates necessary to secure the nomination.
"'Cause, I mean, mathematically he can't get anywhere near the numbers and it's not - is unlikely to be a brokered convention," Adelson said in a video posted on JewishJournal.com.
Adelson and his wife, Miriam, gave $16.5 million to a pro-Gingrich super PAC, Winning Our Future. The total equates to 87 percent of the $18.8 million the super PAC has raised, enabling Gingrich to say in the race despite winning only two states, including his home state of Georgia.
Adelson's comments come as the Gingrich campaign announced Tuesday that it was scaling back its schedule and cutting campaign staff by one-third.