ATLANTA, Georgia (CNN) -- Two days after hinting he wanted to try for the White House, former House Speaker Newt Gingrich decided he would not run for president, his spokesman said Saturday. Rick Tyler said Gingrich realized he couldn't run a political action committee -- his American Solutions group -- and form an exploratory committee to run for president as well. "He will continue to bring the American people solutions to the challenges America faces through American Solutions, not as a candidate for president," Tyler said in a telephone interview. Gingrich told supporters in Marietta, Georgia, on Thursday that if they pledged at least $30 million to his campaign over a three-week period starting Monday, he would compete for the Republican nomination. Gingrich, 64, has hinted for months that he would join the GOP presidential race if he determined no other candidate appeared able to take on the Democrats in 2008. His hinting has become louder in recent weeks, with his suggestion that Sen. Hillary Clinton of New York is destined to be the Democratic nominee and that he would be the best Republican to debate her. Gingrich said, however, that he has no desire to personally raise campaign funds. Tyler said the assessment of whether or not Gingrich supporters could raise the money never began. Gingrich, first elected to Congress in 1978, became the first Republican speaker of the House since 1954 when he led his party to victory in the 1994 congressional elections. He resigned suddenly from Congress four years after his party lost five House seats in the 1998 elections. In the nine years since, Gingrich has not sought public office, but he has remained vocal as an author and speaker for hire.

Originally Posted by J.Locke777 Well, guess we know where his loyalties lie. He cares more about running his PAC than the american people. I'm glad he decided not to run, I wouldn't want somebody who only cares about his pockets getting a shot at being leader of the free world.

Rick Tyler said Gingrich realized he couldn't run a political action committee -- his American Solutions group -- and form an exploratory committee to run for president as well

Originally Posted by superdude17* lol, i am glad he didn't run. hes an old barf bag who didn't stand a chance. there's a difference between running b/c you have a chance and not running. newt knew he could never get enough support or funds to compete with rudy and fred. most of his base are not big fans of him when he was clinton's puppet

J.Locke777,

In my opinion Gingrich faced the prospect of a Presidential campaign in which he would be quite unlikely to win (at least that's what the polling has shown on a consistent basis) or continuing to influence the public debate through his American Solutions group. If he temporarily stepped down from that group and then was defeated in the primaries, even if he returned to that group afterward, his capacity to influence the debate/discussion would likely have been diminished by his defeat, especially if it were a decisive one. In short, he likely calculated that the risks he would assume in any candidacy would be too great. In the end, he made the choice that was in his best interest to remain a player in the realm of ideas. If a Republican candidate wins the Presidency, it is entirely possible that Gingrich would receive a high-level appointment.

Originally Posted by superdude17* lol, i am glad he didn't run. hes an old barf bag who didn't stand a chance. there's a difference between running b/c you have a chance and not running. newt knew he could never get enough support or funds to compete with rudy and fred. most of his base are not big fans of him when he was clinton's puppet