General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSix cash-strapped Republican White House hopefuls face tipping point
Half a dozen Republican presidential candidates are edging toward financial crisis, raising the specter that some may be forced to drop out of the sprawling field of contenders.
They all spent more than they took in during the third quarter, according to campaign finance reports filed on Thursday. The six are: Kentucky Senator Rand Paul, former Arkansas Governor Mike Huckabee, Louisiana Governor Bobby Jindal, former New York Governor George Pataki, South Carolina Senator Lindsey Graham and former Pennsylvania Senator Rick Santorum.
Together, they raised $6 million but spent more than $9.5 million during the summer on everything from postage to travel to campaign rallies. All six are trailing badly in the polls.
"They are living on the edge," said Lawrence Noble, former general counsel to the Federal Election Commission."We are getting close to the time when a lot of these candidates are going to say, 'We can't do it, it can't be done,'" said Noble, now a senior attorney with the Campaign Legal Center, a campaign finance non-profit.
http://www.reuters.com/article/2015/10/16/us-usa-election-funding-idUSKCN0SA2RP20151016
irisblue
(32,971 posts)upon further research, http://onpolitics.usatoday.com/2015/10/15/john-kasichs-fundraising-trails-most-gop-presidential-rivals/
Ohio Gov. John Kasich raised $4.4 million in his first two and a half months as a presidential candidate, trailing the third-quarter fundraising of nearly all his rivals for the GOP nomination
snip
Since other candidates have been raising money longer than Kasich, the $2.7 million the Ohio governors campaign had in the bank on Oct. 1 also trails those candidates cash-on-hand figures. That raises questions about Kasichs ability to build a campaign operation that will compete with the likes of Bush, even though Kasich has strong support among New Hampshires political leaders and a political action committee running commercials on his behalf.
Still, the Kasich campaign has kicked off with relative frugality. Kasich spent 40% of the haul he raised since his July 21 campaign launch far below the burn rate of Bush, the former Florida governor
NCjack
(10,279 posts)beginning. Blinded by vain ambition.