Former Republican speaker of the House Newt Gingrich has intimated that he is going to run for President. In the 1994 mid-term elections Gingrich was the brainchild behind the “Contract with America” which was a ten point policy programme that promised, under a Republican-controlled Congress, votes would be held within the first 100 days of such a Congress on 10 policy issues of interest to conservative voters, such as constitutional amendment providing for a balanced budget and congressional term limits.

Gingrich resigned as speaker in 1998, after losing seats in a mid-term election where he bet big on the impeachment of Presidnet Bill Clinton. Most people thought Gingrich was finished in electoral politics. His round of fund-raising dinners attended by politicians. Refers to the standard unappetizing, rubbery chicken served at such dinners.
Gingrich’s comeback strategy looks much like Nixon’s did in 1966, six years after losing a presidential election. He and his young aide Pat Buchanan worked the “rubber chicken circuit” (The round of fund-raising dinners attended by politicians. Refers to the standard unappetising, rubbery chicken served at such dinners) like no one before had, collecting chits that Nixon cashed in on his way to the nomination two years later. See Washington Post article