Yes, the “disgraced former Speaker of the House” Newt Gingrich is officially running for President:

Newt Gingrich is entering the 2012 presidential race as a familiar face — a 20-year veteran of Congress who served a polarizing turn as House speaker before assuming a career as a prolific political commentator and author.

But Gingrich, who officially announced his White House bid Wednesday, is bringing a decidedly different approach to this contest than he did to his previous stint in public office.

In his speeches and campaign appearances, Gingrich is expected to lay out a political vision that intertwines fiscal and social conservatism, drawing from a newfound interest in religion he has infused into his work in recent years.

It’s a message he’s expected to make Friday at the Georgia Republican Party convention in what advisors are billing as his formal announcement speech, an address that will marry the concept of American exceptionalism with an emphasis on God-endowed rights.

“American exceptionalism with an emphasis on God-endowed rights” appears to mean sleeping around on your wife and dumping her when she gets cancer, or MS, while attempting to impeach Bill Clinton for getting a blow job in the white house.

I’m beginning to think that I need to add a tag, Clown Show to my list of standard tags to descripe the ‘Phant Presidential field this year.

 ^*Credit goes to JR at the Stellar Parthenon BBS for coming up with this bon mot.