From the LA Times today comes word of Giuliani’s downward spiral:

CORAL SPRINGS, FLA. — Rudolph W. Giuliani, once the front-runner for the Republican presidential nomination, said Friday that some of his staffers had started forgoing their salaries to ease the strain on the campaign’s budget.

Giuliani told reporters at an appearance in Florida that the aides volunteered to defer their pay “to stretch the dollars even further.” The former New York mayor has $7 million in hand to spend in upcoming primaries — enough, his campaign said, to compete through the crucial Super Tuesday contests in more than 20 states, including California, Feb. 5.

Still, many political observers said the news signaled a surprising cash squeeze in a campaign that was thought to be managing its finances well. It also underscored Giuliani’s sharp decline in recent weeks from front-runner to struggling contender, they said, while renewing questions about the wisdom of his decision to essentially take a pass on the earliest contests. The candidate has staked his prospects on winning in Florida on Jan. 29.

How do you spell Giuliani? L-O-S-E-R