Warren raised record funds, ends in debt...following the federal government model?

  1. You have chosen to ignore posts from massmoderateJoe. Show massmoderateJoe's posts

    Warren raised record funds, ends in debt...following the federal government model?

    http://www.boston.com/politicalintelligence/2012/12/05/elizabeth-warren-debt-disclosure-reverberates-aftermath-senate-campaign-exchanges/u13xX6oGhokTZGzVLVNE2H/story.html?comments=all#readerComm

    So yesterday Glen Johnson Boston Globe's Political Editor and main inside media proponent for Elizabeth Warren breaks the news that Warrens record breaking fundraising efforts still left her in debt due to her GOTV effort and the cost of supporting her untold sea of supporters, does this imply she bought the election on someone elses dime?

    What a joke of a candidate and the irony. Senator Elect Warren ran on her acclaimed legal and financial knowledge; she set up the new federal consumer protection agency, she's an advocate of the people and expert in bankruptcy law. She gets an unprecedented amount of donations and she ends her campaign in debt; if she governs anythng like she mangages her finances we are doomed.

     
  2. You have chosen to ignore posts from Sistersledge. Show Sistersledge's posts

    Re: Warren raised record funds, ends in debt...following the federal government model?

    I think a famous neo con once said "deficits don't matter" .

     
  3. You have chosen to ignore posts from DamainAllen. Show DamainAllen's posts

    Re: Warren raised record funds, ends in debt...following the federal government model?

    If you were to analyze the campaigns of every race from the past election (including GOP Presidential Primary candidates), you'll find very many have remaining debts. 

     
  4. You have chosen to ignore posts from FaolanofEssex. Show FaolanofEssex's posts

    Re: Warren raised record funds, ends in debt...following the federal government model?

    This happens to almost all candidates. Despite FOX 25's gnashing of teeth and wringing of hands there is nothing to see here.

     
  5. You have chosen to ignore posts from massmoderateJoe. Show massmoderateJoe's posts

    Re: Warren raised record funds, ends in debt...following the federal government model?

    It appears that Scott Brown manged his funds appropriately.  The other candidate with outstanding debt is Hillary; Bill is still schilling for money and has offered a day with Bill for high donations.

    If it was reversed Brown would be getting skewered.

     
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  13. You have chosen to ignore posts from massmoderateJoe. Show massmoderateJoe's posts

    Re: Warren raised record funds, ends in debt...following the federal government model?

    In response to 12-Angry-Men's comment:
    [QUOTE]

    Just another example of whacko wingnut selective ignorance.

     

    Public documents maintained by the Federal Election Commission in Washington, D.C. reveal the top five campaigns running the biggest deficits include that of former Utah governor Jon Huntsman, who tops the list with $5.1 million in debts from his 2012 bid.

    Next is former House Speaker Newt Gingrich at $4.3 million, followed by Rick Santorum of Pennsylvania with $1.9 million; Minnesota Rep. Michele Bachmann with just over $1 million; and Atlanta businessman Herman Cain with $450,000.

    Texas Gov. Rick Perry owes a paltry $14,464 as of the most recent March 31 reporting period. That’s even less than the $105,000 owed by Rep. Thaddeus G. McCotter of Michigan, from his run.


    [/QUOTE]

    Angry you're out of date.

    http://www.770kob.com/abc_news/article/Campaign_Debt_Outlives_Presidential_Races/2B408143326911E2919EFEFDADE6840A/

     

    Candidate debt is commonplace, and the most notable examples are Hillary Clinton, whose 2008 presidential campaign still owed hundreds of thousands of dollars earlier this year; and Rudy Giuliani, whose 2008 campaign still owes $2.6 million. Sen. John Glenn, D-Ohio, is in a class by himself, still owing nearly $2.7 million more than 20 years after running for president in 1984.

    Half of the failed GOP presidential primary candidates have clean balance sheets. Jon Huntsman, Tim Aplenty, Ron Paul and Rick Perry have zero debt, according to their FEC disclosures. For the other half, some of the debts are complicated.

    Herman Cain's campaign owed $450,000 as of Sept. 30, all of it to Herman Cain. The candidate is owed $175,000 in "travel expenses" and $275,000 for a series of five loans, most of them $50,000 or less, which Cain made to his campaign between June and August of 2011. His campaign has already paid him back for eight loans totaling $400,000.

    Rick Santorum's campaign owed more than $1.1 million, and Michele Bachmann's owed more than $530,000, as of their FEC filings in September and October, respectively, which is far more than they had in the bank, casting doubt on whether their 33 creditors will ever get paid.

     

     
  14. You have chosen to ignore posts from massmoderateJoe. Show massmoderateJoe's posts

    Re: Warren raised record funds, ends in debt...following the federal government model?

    In response to WhatDoYouWantNow's comment:
    [QUOTE]

    In response to 12-Angry-Men's comment:
    [QUOTE]

    Just another example of whacko wingnut selective ignorance.

     

    Public documents maintained by the Federal Election Commission in Washington, D.C. reveal the top five campaigns running the biggest deficits include that of former Utah governor Jon Huntsman, who tops the list with $5.1 million in debts from his 2012 bid.

    Next is former House Speaker Newt Gingrich at $4.3 million, followed by Rick Santorum of Pennsylvania with $1.9 million; Minnesota Rep. Michele Bachmann with just over $1 million; and Atlanta businessman Herman Cain with $450,000.

    Texas Gov. Rick Perry owes a paltry $14,464 as of the most recent March 31 reporting period. That’s even less than the $105,000 owed by Rep. Thaddeus G. McCotter of Michigan, from his run.


    [/QUOTE]

     

    no no NO!

     

    Don't look over there. Follow the party line!

    [/QUOTE]

    You mistakenly assumed Angry was correct; note my response to him.

     
  15. You have chosen to ignore posts from massmoderateJoe. Show massmoderateJoe's posts

    Re: Warren raised record funds, ends in debt...following the federal government model?

    In response to 12-Angry-Men's comment:
    [QUOTE]

    Whacko wingnuts get fed some baloney by the wingnut echo chamber and they act like it is some epiphany.

    If I'm not mistaken, Huntsman was masshatjoe's favorite candidate.

    Say it ain't so...

    [/QUOTE]

    Yes, and his debt is retired.

     
  16. You have chosen to ignore posts from massmoderateJoe. Show massmoderateJoe's posts

    Re: Warren raised record funds, ends in debt...following the federal government model?

    In response to 12-Angry-Men's comment:
    [QUOTE]

    In response to WhichOnesPink2's comment:

     

    I dunno....shouldn't someone who claims to have financial knowledge be able to stay out of debt? Shouldn't someone who's an expert on bankruptcy law be able to avoid going into debt? Shouldn't somone who gets an unprecedented amount of donations be able to avoid going into debt, especially when the other candidate managed his (less) funds appropriately? 




    What is the big freakin deal?

     

    Debt is what fuels economic expansion and is not, in and of itself, bad.

    GE, one of the largest, successful companies in the world has a net debt of almost $500 billion dollars equal to 65% of it's assets.

    When people purchase houses they assume debt many time their annual income.

    This just belies the wingnut ignorance of basic economics.

     

     

    [/QUOTE]

    ...or just indicates you're philosophically bankrupt.

     
  17. You have chosen to ignore posts from massmoderateJoe. Show massmoderateJoe's posts

    Re: Warren raised record funds, ends in debt...following the federal government model?

    In response to 12-Angry-Men's comment:
    [QUOTE]

    In response to WhichOnesPink2's comment:

     

    Nice spin. So Warren's debt is a loan? Oh ok, did she get a good interest rate???? 




    Warren's debt is an investment that paid off.

     

    What is so freakin hard to understand?

    Other candidates have much more outstanding debt and they didn't even make it out of the primaries.

     

     

     

    [/QUOTE]

    You're confusing a humble Senate run vs. president run.

    The only pay off was for Warren and the Dem party to keep the seat warm for JKIII.

     
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  21. You have chosen to ignore posts from massmoderateJoe. Show massmoderateJoe's posts

    Re: Warren raised record funds, ends in debt...following the federal government model?

    In response to 12-Angry-Men's comment:
    [QUOTE]

    In response to massmoderateJoe's comment:

     

    Yes, and his debt is retired.




    And why weren't you hyperventilating over a larger debt that took a year to pay off?

     

    Heck, Huntsman was sued over his unpaid debt but apparently that doesn't matter because of the letter after his name.

    Orrick Herrington & Sutcliffe, which in December sued the Jon Huntsman campaign over an alleged $42,000 in unpaid rent. 

    http://nymag.com/daily/intel/2012/04/former-huntsman-staffers-and-vendors-unpaid-bills.html

    [/QUOTE]

    He suspended his campaign mid January and it was paid off by summer, winding down the campaign over 6 months sound pretty efficient.

    BTW his campaign wasn't sued, you picked up a comment that some where comsidering legal action.

     

    Bill Clinton still owes money from 1996, and Hillary from 2008.

     
  22. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Warren raised record funds, ends in debt...following the federal government model?

    In response to massmoderateJoe's comment:
    [QUOTE]

    In response to 12-Angry-Men's comment:
    [QUOTE]

    In response to massmoderateJoe's comment:

     

    Yes, and his debt is retired.




    And why weren't you hyperventilating over a larger debt that took a year to pay off?

     

    Heck, Huntsman was sued over his unpaid debt but apparently that doesn't matter because of the letter after his name.

    Orrick Herrington & Sutcliffe, which in December sued the Jon Huntsman campaign over an alleged $42,000 in unpaid rent. 

    http://nymag.com/daily/intel/2012/04/former-huntsman-staffers-and-vendors-unpaid-bills.html

    [/QUOTE]

    He suspended his campaign mid January and it was paid off by summer, winding down the campaign over 6 months sound pretty efficient.

    BTW his campaign wasn't sued, you picked up a comment that some where comsidering legal action.

     

    Bill Clinton still owes money from 1996, and Hillary from 2008.

    [/QUOTE]

    And didn't Newt have issues with not paying the rent on the space he was using for his headquarters?

     
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  24. You have chosen to ignore posts from massmoderateJoe. Show massmoderateJoe's posts

    Re: Warren raised record funds, ends in debt...following the federal government model?

    In response to 12-Angry-Men's comment:
    [QUOTE]

    In response to massmoderateJoe's comment:

     

    ...or just indicates you're philosophically bankrupt.




    Ya, sure thing numbnuts.

     

    Sooo, when a wingnut candidate is sued over unpaid campaign debt a year after the fact, you ideological imbeciles ignore it.

    When a Dem has a debt less than 1/100th of those wingnuts and only 30 after the election you idiots go beserk.

     

    Yep, that some 'philosophy' ya got there numbnuts. 

    [/QUOTE]


    Debt cleared in less than 6 months

    Your comparison of a Presidential bid vs. a Senate bid is amusing.  I don't know I think one had much larger an organization.

    The point - Why Senator elect Warren deserves krap on this issue, is because of the very expertise she has, ran on and how it is purported to straighten out Washington and protect the public who are getting hammered.  She can't pay her local catering bills to small business people who are now getting hammered by Senator seat holder Warren.

     

     
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