Appearing on MSNBC's Morning Joe Thursday, Newt Gingrich criticized the current campaign finance system that allows super PACs to spend unlimited amounts of money in elections.
"You watch this fall. Between the Obama super PACs and the Romney super PACs, the liberal super PACs and the Conservative super PACs," Gingrich said, "it's going to be a mess and people will be sick of and it's not the way a great nation should govern itself."
Instead of super PACs, Gingrich outlined his own ideal campaign finance system in which individuals give directly to campaigns, not super PACs.
We would be better off with a system that says any American can donate any personal amount of income after personal taxes as long as they report it online that night, and they give it to the candidate. And then the candidates would have to be responsible for the advertising. You would have a cleaner, more positive, healthier system.
Gingrich's own campaign was largely derailed by a barrage of negative ads before the Iowa caucuses.