Gingrich Won't Run

Former House Speaker Newt Gingrich has decided not to run for president.

Gingrich recently said he would run if at least $30 million was contributed to his campaign by October 21.

Gingrich, 64, has hinted for months that he would join the 2008 presidential race if he determined no other candidate appeared able to take on the Democrats in 2008. I guess Newt didn't get that $30 million.