Kerry Campaign may have finacial trouble

[Mile Hi]

Almost $4M in debt
http://www.cnn.com/ELECTION/2004/special/president/fec/index.debt.html

Under $2M cash on hand
http://www.cnn.com/ELECTION/2004/special/president/fec/index.cash.html

And a loan breathing down his neck
http://story.news.yahoo.com/news?tmpl=story&u=/usatoday/20040209/ts_usatoday/64mloanthatsavedkerrymayalsodrainhim

Hopefully it slows down his momentum. Kerry is a waste of time

[creativelcro]

1. I knew it. Kerry is toast.

[flpoljunkie]

32. This FEC report covers the period through December 31, 2003. Does NOT

include monies raised in 2004. Kerry has raised over $5 million dollars since his Iowa win, and the donations just keep rolling in.

[Nicholas_J]

51. Yup

He is raising more on the Internet now than Dean is.

[northzax]

62. I had no idea

that the Media elite and the DLC control the internet too! that must be the only possible explanation for the success of JK in Dean's medium.

[molly]

2. OK - going out to his site to donate!

[creativelcro]

3. Keep it for your family. You'll need it to get out of debt

if Kerry gets nom.

[molly]

15. Thanks for reminding me to call my sons and tell them

to contribute too!

[XanaDUer]

4. Me , too!

Thanks for the heads up, Mile Hi.

[creativelcro]

6. LOL, that is gonna make a huge difference...

[northzax]

14. you're right

my $50 is about as useful as my vote. so why bother voting? the nominee will need about 50,000,000 votes to win, and I'm only one.

oh well, I guess I can sign up for a double shift on election day.

[aldian159]

56. Coming from a supporter of the candidate

who proudly boasts being the king of the 50 dollar donations, I'm not gonna take what you say in this regard with any credence.

But thanks for the reminder to drop some money Kerry's way.

[trogdor]

5. Sell me. Why should I give Kerry money?

Keep in mind I am a Deanite who is still pissed at Kerry for the shabby treatment he is more than willing to dole out to members of his own party.

I don't only want our candidate to return fire when Bush attacks, I expect the candidate to take the fight to the Bushies, put them on the defensive, and keep them there.

[XanaDUer]

10. Hi

no one needs to "sell you" anything. Voting is quite different from buying a car.

Vote, don't vote, whatever.

Peace.

[trogdor]

17. Seriously.

I want somebody to reach out to people like me with REAL reasons why we should give the Kerry campaign more support than our votes in November. This is important; there are a lot of Dean people who are seriously upset with Sen. Kerry, and justifiably so. If this problem is not dealt with, and soon, we'll have a nominee with big guns and no ammo. Don't get me wrong; I'm ABB all the way, but I'd hate to see us nominate somebody who's burned so many bridges along the way that he can't win.

[XanaDUer]

34. Seriously.

Voting is a very private matter. Not everyone has the same reasons for supporting one candidate over the other.

I did my own research to choose my candidate. Everyone should do the same. If one candidate does not do it for you, then by all means, you should not vote for him or her.

Voting is a priviledge that should have thought put into it.

I am not interested in "selling" or being "sold" , by someone else, on anything as important as voting.

In America, voting has come down to who can "sell"?

That's the real problem.

[mydawgmax]

57. Deans the one running against his own party.

Cockroaches? Bush-lite?

[EXE619K]

7. Come on people!

Is this really necessary?

I mean, the "poor" man just mortgaged his multi-million dollar house for crissake!

Puleeze!

[WiseMen]

8. Thanks. I have maxed but I will get a fundraiser going.

[creativelcro]

12. It's funny to see struggling middle-class individuals

increase their chance of default by donating to a multi-multimilion dollar candidate. Definitely NOT the way most americans with common sense think.

[molly]

21. Most Americans with common sense are voting

for the guy they feel best represents them. Obviously, it's Kerry!

[RetroLounge]

61. Most americans (who have voted already)

Voted for the guy who is in the lead.

They could care less about his policies.

Kerry: Well, at least he's not bush*

[RummyTheDummy]

46. And most Americans wouldn't donate to Dean.....

A canidate who is 0 and 9 or is it 0 and 11 in primaries/caucuses. When is Howie going to ring the victory bell anyway? We've heard a lot of big talk from Dean supporters and very few results.

[GodHelpUsAll2]

53. Maybe when

The other 90 percent of the country votes. You can hardly jump on your high horse with only 10%. Do they still tech basic math in school these days?

[RummyTheDummy]

67. Next week it will be 80 pecent.....

And in March, when he still hasn't won, it will be 65 percent then 60 percent then 55 percent and on and on and on.

[Red State Rebel]

52. Botox isn't cheap...now that he's started it he will have to

maintain it every 6 months or so.

[CalProf]

60. And yet, this is precisely what Dean's supporters are doing

and he has no chance whatsoever of winning.


What was that about common sense?

[molly]

20. Where - are we invited?

please.....:hi:

[Tim_in_HK]

9. Geez . . .

I saw this same post earlier . . .

but in that one it said that Clark was almost broke. And I saw an article in the NYT (I think) that Edwards was almost broke, and the media keeps saying that Dean is almost broke.

Then in the real world, I've seen the recent donations that Dean has gotten (amazing!) and me and many others continue to donate to Clark, and I think almost $700K in 6 days (or thereabouts) is pretty good as well. And didn't Edwards have some fundraisers in NY and NJ that raised $200K or something?

So, Who the fu@k is and isn't broke???

[molly]

18. These news articles keep us going - I just got back

from Kerry's site. The next time I read one of these - I'll donate more.

[ibegurpard]

11. mortgage another house.

eom

[Leilani]

19. Right

He & the Mrs. have 7 houses, don't they?

[redqueen]

24. Seven houses?

Seven?

And are these houses or mansions?

I'm suddenly remembering the tearful appearance by Sharon Lay talking about how they had to sell some of their mansions.

These people live in an entirely different world.

[northzax]

28. so one must bankrupt oneself to run for office?

hey wait a minute, isn't Dean paying tuition for a child at university? well, as long as he's doing that, I won't donate a cent (or even volunteer, he can obviously afford to pay me) and there's that house that Kucinich has in Cleveland, I want that on the block tommorow, or no cash. And Clark, he can always borrow against his military pension, no cash from me.

I want my candidates in sack cloth kneeling before me while their children starve before I'm giving a cent. I'd rather have four more years of Bush than give a penny to something I believe in.

that's what you're saying, right?

or are you implying that he should mortgage the houses that are in his wife's name, and use that money, a blatant violation of campaign finance laws?

[ibegurpard]

29. No

I'm implying that I won't financially support someone who sat on his hands while Bush and the Republicans ran rampant. He wants the presidency so bad he'll do anything to get it then he can finance it himself.

[redqueen]

13. May have?

Doesn't seem like a 'may have' kind of situation. Sounds more like his campaign does have financial trouble.

[Bozola]

16. This is the real reason Dean is hanging on

Kerry owes 3,811,570 and has 1,605,428 on hand.

Dean owes 1,158,892 and has 9,647,361 on hand.

The race is not over yet; Rush Fatso has yet to squeal.

[displacedtexan]

26. How many Dean staffers are being paid now (as in real jobs)?

Kerry is actually paying full staffs in at least a dozen states and DC. Plus, he's opening more fully staffed offices as the race progresses.

No lay-offs. No office closings. No $43 million with no wins to show for it, either.

Now, as posted earlier today: Kerry has raised almost $5 million online since Iowa, the checks haven't even been recorded yet, Gep's $ and Union support have shifted to Kerry, and Dean's lost Union support will be shifting soon... not to mention the news story about Hollywood about to support Kerry.

If you're against Kerry, that's fine; however, Kerry's campaign is doing much better at hiring Americans that Bush* is.

[RummyTheDummy]

49. Link please....

On the potentially bogus claim Dean has 9 mill on hand.

[bigtree]

22. The Kerry camp itself hasn't signaled that they're in trouble

From the article:

"Sen. Kerry is a man who has considerable assets," says Michael Meehan, a campaign spokesman.

Kerry's government disclosure form, covering 2002, gives no hint of what those assets might be.

The form doesn't require disclosure of property that is not held for investment purposes, such as the house in question - a $13 million Boston house Kerry owns jointly with his wife and mortgaged to finance his campaign. Aides hint that Kerry may own other non-investment property that could be sold to satisfy the debt, but they won't provide details. "He has disclosed what he needs to disclose" under the law, Meehan says.

[creativelcro]

25. hee hee.... Wonder why the Kerry campaign is not saying "we're broke"

That is puzzling...

[bigtree]

43. I'll tell you what's puzzlin' cro,

What the hell did Dr. Dean do with all of the money he raised so far. All through his campaign: I'm raising money; I've got lots of money: Give me more money; We've got the most money, on and on about money.

What good has it done him? $40 million dollars of campaign contributions and bumping his ass in states that he once promised to win. I remember before Christmas he was strutting his stuff about the inevitability of his campaign and crying for McAulliffe to call off the attacks so he could sew the election up before one vote was cast.

Presently he's a 12 state loser with a golden chip on his shoulder. I can't wait to see what he will actually do with all of the money. Will he limp into the Super Tuesday without much hope of gaining any significant numbers of delegates there and just throw stones?

If that's what all of the money is for than I wouldn't give him a dime to continue his campaign. And as a lifelong Democrat I have as much right to opine on that as anyone, no matter who I support. So don't think I am intimidated by the challenge of a tight money campaign. It hasn't stopped John Kerry from moving ahead so far.

[northzax]

23. the reverse snobbery here

is amazing. First off, Senator Kerry is not, in his own right, a multi-millionaire. He has assets of between 500,000 and 1 million in his own right. His wife has money, sure, but she is restrained by the same giving rules everyone else is.

Running for President is not an inexpensive venture, these things cost money. Please remember that whomever wins is going against a candidate that raises $10,000,000 at a chicken dinner.

And anyone who says "save it for your family" fine, do that. obviously, don't give away the rent money, but there are, in fact, people who may not be on the edge of defaulting on debt who have money to spare, what is so wrong with using that money to support something they believe in? Just because you don't believe that one candidate may be the best, doesn't mean that other people don't. There are people who need to get used to the idea that their crush-worthy candidate may not, in fact, have what it takes. Support your guy, indeed, but when he falls, don't lash out in anger at the other ones, lash out at the people who deserve it, those inhabiting our white house.

[creativelcro]

27. I say it again: don't waste your money on rich candidates.

it's a scam, basically...

[northzax]

30. all the candidates are rich

compared to the average person. so screw them all, better Bush than that.

Can you name a non-wealthy candidate? c'mon, do it. I will donate $50 to the candidate you name who is NOT wealthy. And before you say Kucinich, I consider anyone with a $75,000/year tax free pension for life to be doing quite well.

[creativelcro]

35. Oh, ok, I did not know I was wealthy... I feel better now.

[molly]

31. You hit the nail on the head

"Support your guy, indeed, but when he falls, don't lash out in anger at the other ones, lash out at the people who deserve it, those inhabiting our white house."

[XanaDUer]

39. Exactly.

Thank you for your great post.

Anyone old enough to vote is old enough to also make their own decisions about whom to support or not support.

[funky_bug]

63. Puleez

My husband made 129k this year, I make 32k (teacher salary, thank you very much Pres. Bush.) But we live on a total of 161k/yr BECAUSE WE ARE MARRIED.

"Poor" Kerry didn't suffer because the catsup fortune makes it's checks out to his wife.

He was born with a silver spoon, grew up with the Kennedy's, and has no CLUE what it's like to be the average middle class American.

Some of our brothers and sisters in this country cry in their DIXIE CUPS, Senator. Get a clue.

[pezcore64]

33. lol

I just love how the media jumped all over "DEAN IS HAVING MONEY PROBLEMS!" Like it was chocolate infront of their ant hill, yet the numbers show other wise there. Nobody mentions Kerrys financial situations.
prolly cause they know he and his wifey a filthy rich.

I donated to Dean yesterday!


GO DEAN!!!

[redqueen]

38. Yes, that is odd, isn't it?

When Dean's campaign was even suspected of having money problems, it was a HUGE issue in the media.

Wonder when the talking heads will start grilling Kerry about that loan... has anyone seen that start yet?

[paulk]

48. The issue wasn't the "money problems"

it was that he's raised (and spent) more than anyone else, yet had so little to show for it.

[pezcore64]

50. umm

no, they said he had money problems on CNN. along with the fact that he spent alot of what he had made. they implied that he was going broke tho, on several occasions.

[agingdem]

36. Thank you...

for helping me make up my mind. Kerry gets my cash!

[creativelcro]

37. ....and... another family goes bakrupt....

[agingdem]

40. I don't think so...

with your attitude Bush and Co will stay where they are and everyone will go bankrupt (notice the spelling).

[XanaDUer]

41. Another family goes bakrupt (sic)?

Lol!

You mean the Dean staffers denied paychecks?

Or, are you privy to that poster's financial situation?

:silly:

[molly]

42. Who has gone bankrupt donating to a candidate?

:shrug:

[creativelcro]

45. If you give 2k to a candidate and neglect paying your mortgage

you may go bankrupt. In general, I find it outrageous, that these amounts of money have to be raised. It could be solved, to some extent, by requiring TV stations to air free ads in exchange for their use of our airwaves...

[northzax]

47. equal ads for everybody?

or determined by polls, or whatnot? would Lyndon Larouche get the same number of ads as Kerry? What if I want to run, can I get my name on the ballot and then get all the free airtime I want?

[creativelcro]

65. Not sure about that. Polls obviously is a bad way...

Money is a bad way too though... Plus it's a waste... At mimimum, personal contribs should be tax deductable, up to the 2k max...

[Nicholas_J]

44. Information outdated

Based on last quarter.

Kerry has collected over 4 million in the last two weeks, and is collecting much more.

Quite common for campaigns to go into debt and take years to pay it off. What is most common is for a cndidate, like Lieberman, after they drop out, is to continue paying staffers for months after the campaign, until the people who worked for them find new jobs. The real sign of a candidates campaign woes is when they have to start firing staffers, and if they have to stop paying them.

GOing through 40 million paying 7.2 million to the high paying staffers (half of which went to one person alone) is a sign of sheer fiscal irresponsibility. None of these facts are noted about Dean's campaign, having to make massive cutbacks due to poor use of funds.

This info published is based on the last F.E.C. filings on December 31, 2003.

[GodHelpUsAll2]

54. Link please

[northzax]

59. links:

http://www.cnn.com/ELECTION/2004/special/president/fec/index.html

if you read carefully, it states that this includes finances only through December 31, 2003.

Since then, Kerry has won several primaries, and, while there is no requirement to report until April, is probably doing much better.

[MAlibdem]

55. Even if he were in debt

He could definitely borrow against his campaign, most banks would see he is a good investment, at least in the primaries.

[janx]

58. Maybe he should ask the media execs for more money. n/t

[oasis]

64. Don't just sit there, send him some dough.

:shrug:

[Professor Hoodoo]

66. Why should I send him dough....

when he can finance himself through his sources?

I just don't understand what Kerry is going through -- supporters are giving Kerry money to PAY back the loan to the mortgage, and deprieving him the resources to defeat Chimp.

My hoodoo instinct tells me that Kerry is too weak to defeat Bush.