SOUTHERN ARIZONA (SGT NEWS) - Former Speaker of the House Newt Gingrich said that nothing short of $30 million dollars pledged by supporters will get him into the race for the White House in 2008, he said while launching his “American Solutions” proposal to reporters.

Gingrich, who announced the deal yesterday in Atlanta, will give his supporters three weeks to meet the dollar amount.

“If you’re middle class and you can’t have that level of resources when you go in, then you don’t stand a chance against governor [Mitt] Romney, who can write a $100 million check personally,” Gingrich said.

“American Solutions” is the former Speaker's bi-partisan effort to seek answers to the nation's pressing issues. “Bold proposals”, he said, need to be put in place to ensure that levees do not break, bridges do not fall and students “actually learn”.

National Review opined recently about how a Gingrich candidacy would split the Conservative vote which, as the publication writes, would “not, needless to say, advance the ideas he champions.”

Many argue that while Newt may not win the nomination, an official announcement of his intentions to run for president would immediately propel him towards the top of the list among GOP candidates, similar to Fred Thompson's candidacy. Both politicians are vying to become the alternative to the more moderate Rudy Giuliani.

“Everywhere I go,” Newt said, “people walk up and say we need someone who can debate Senator [Hillary] Clinton, we need somebody who can make the case for conservative values. So I think there is a bigger vacuum than I would have expected.”