No doubt one of the most enjoyable entertainments to emerge from the GOP primary fight is the rise and fall and rise and spectacular fall of one Newt Gingrich. Those of us who remember him from the Clinton impeachment hearings know well what a loathsome individual he was, and still is. So it is with particular glee that we read today that The Gingrich Group LLC has just filed for Chapter 7 bankruptcy.

In a Chapter 7 filing in the U.S. Bankruptcy Court, Northern District of Georgia, The Gingrich Group LLC, doing business as the Center for Health Transformation, filed for bankruptcy Wednesday. (Chapter 7 is “the chapter of the Bankruptcy Code providing for ‘liquidation,’ that is, the sale of a debtor’s nonexempt property and the distribution of the proceeds to creditors,” as defined by the federal courts.)

The vast majority of Gingrich’s net worth is tied up in the Gingrich Group. Gingrich is worth overall between $7.1 million and $31 million, according to his financial disclosure. He lists a promissory note from Gingrich Group as being worth between $5 million and $25 million.

Gingrich was chairman of the group until May of last year, when he announced he was running for president. Since focusing his efforts on his presidential run, the “Gingrich Group” has struggled to raise money, leading to its eventual collapse.

So in honor of this hilarious turn of events,  please enjoy this recent video of a cocksure Newt Gingrich explaining how it’s basically impossible to imagine how he won’t be the GOP nominee come November. Think of it as the maraschino cherry topping your schadenfreude sundae:

https://www.youtube.com/watch?v=c3m_o8IcC9U

“The state GOP has lined up six fake Democrats to run in upcoming recall elections targeting Gov. Scott Walker and five other Republicans.” [Wisconsin State Journal, via Political Wire]

Barack Obama said something mildly unkind about the Supreme Court and then a bunch of deeply cynical conservatives were Shocked! that Barack Obama would say something so Outrageous! and then a federal judge told a DoJ attorney to write a three-page paper on Marbury v. Madison and then everybody found video of George W. Bush saying something mildly unkind about the Supreme Court and then Dear Fucking God Nobody Cares Can You Get Back To Government-Mandated HooHah Probes Thank You America’s Bloggers.

[via Sully]

Our guest petitioner is Oliver Willis.

Why This Is Important

I would like to read your articles without clicking “next” and you can make just as much money from a well designed single-page article as one begging for more page views. Electrons cost you nothing. We want to read without hitting NEXT. I’M MAD AS HELL AND I’M NOT GOING TO PAGINATE ANYMORE.

Everybody Publishing On The Internet: STOP UNNECESSARILY PAGINATING ARTICLES [Change.org]

“I think Gloria would be very, very impressed with [my penis].” —Donald Trump to TMZ, defending his initial rejection of Canada’s transgender Miss Universe contestant, who is now represented by celebrity ambulance-chaser Gloria Allred. We’re guessing TMZ bracketed “cock”. [via ThinkProgress]

“I want to know what is a 62-year-old man trying to follow a 14-year-old girl on Twitter.” —Jon Bruning to Don Stenberg in Tuesday’s debate for the Nebraska GOP Senate primary. Stenberg said his staff controls his Twitter account, and that the follow was a mistake. [Omaha World-Herald, via TPM]

Live Long & Prosper! [Nichelle Nichols]