Gingrich to launch 2012 Prez bid

March 2nd, 2011 - 5:10 pm ICT by ANI  

Barack Obama Washington, Mar 2(ANI): Former U.S. House of Representatives Speaker Newt Gingrich is to formally launch his bid for a Republican nomination to take on President Barack Obama next year.

According to The Guardian, Gingrich will announce Thursday that he is setting up a presidential exploratory committee, the first stage in the process.

Although the presidential election is not until November next year, the caucuses and primaries begin in January 2012.

Gingrich had served as the 58th Speaker of the U.S. House of Representatives from 1995 to 1999.

In 1995, Time magazine had selected him as the Person of the Year for his role in leading the Republican revolution in the House, ending 40 years of the Democratic Party being in the majority.

During his term as speaker, Congress had passed former President Bill Clinton’s 1996 reform of welfare, a capital gains tax cut and the first balanced budget since 1969.

Following Republican losses in the 1998 mid-term elections, Gingrich resigned both his speakership and his congressional seat.

Since resigning his seat, the 67-year-old has been a political analyst and consultant.

Earlier, a poll conducted by Public Policy Polling had indicated that Gingrich was the leading GOP contender for the Republican nomination with 23 percent of likely Republican voters saying that they would vote for him. (ANI)

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