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Elizabeth Warren campaign in debt even after raising $42 million

Elizabeth Warren campaign in debt even after raising $42 million

Elizabeth Warren raised more money this cycle than any other congressional candidate (and is Top 5 all time), but is out of cash, in debt, and begging for more money, via The Boston Globe:

Elizabeth Warren – who knows a thing or two about debt and bankruptcy – disclosed today that she has a surprising debt of her own to pay down.

Even after raising a whopping $42 million for her Senate race this year – more than any other congressional candidate in the country – the senator-elect from Massachusetts told her supporters that her campaign does not have enough cash to pay its bills.

In an e-mail, the Harvard Law professor – considered one of the nation’s preeminent scholars of American debt – asked for donations to help her wash away the red ink.

Warren did not say how much debt she needs to pay down, but blamed the shortfall in part on the thousands of volunteers who flocked to her campaign, saying “that meant even more last-minute coffee and pizza.”

“One of the results of our embarrassment of riches was, well I’ll come out and say it – we ended up with a little bit of debt,” Warren wrote. “Everyone, we need a little more money to pay off our final bills. Can you help one more time?”

A campaign official said Warren owes just $400,000 – less than 1 percent of the $42 million she raised.

Beyond words.

Related: Another item for The Elizabeth Warren File

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Comments

I can help her out! I’ll just withdraw all the cash from my old Monopoly set. I calculate that is worth slightly more than the wall-paper the FED is printing in such great abundance at present.

Ever notice how all of these politicians on the right or left can never run a campaign without going into the red?

Have you ever heard of one? Maybe some podunk district House Representative race in West Virginia or somewhere similar but not in any notorious races.

The just spend and spend because they don’t have to cough any of that dough up then now or later.

And these are the people we put in charge of the fisc?

No Dark Things | December 5, 2012 at 6:55 pm

When did you all become so cynical? She blew through forty-two million dollars for the downtrodden and the weak.

Hell, Hillary is still in debt for her run against Obama. Why should this be any different?

What the law should be is that those who go over in debt for their campaign should have to pay it back from their own salaries.

Oh, she was only preparing for her new role as a Senate Democrat – spend more than you take in and blame it on the pizza parties.

Now she’ll have to sell the rights to Pow Wow Chow cookbooks.

huh…
Indian Giver…
I know theres a way to work that joke in somewheres but I am too disgusted to try.

Are we really going to have to hear about this woman for the next six (at least) years? How depressing. It makes an appointment with a proctologist something to look forward to.

Still in debt? I guess that’s what makes her perfect for the Banking Committee in Age of Obama.

[…] William Jacobson of Legal Insurrection calls this beyond words. […]

TrooperJohnSmith | December 5, 2012 at 9:19 pm

I hear that her operatives were handing out whiskey, blankets and mirrors to buy the Indian vote. There must be a lot of Indians in Mass, huh?

Not to worry. Lizzie can always get some kickback from the banking and financial services industry. I’ll bet Chris Dodd will get her husband, Liawathaman, one of those Michelle Obama do-nothing jobs. Oh, and there’s always those Zero Halliburton cases full of old C-notes that find their way over the transom on weekends.

Jack The Ripper | December 5, 2012 at 11:10 pm

Banks will write off Elizabeth Warren’s debt in an effort to prostrate themselves before her.

On the topic, Bill Clinton has been beating the bushes to pay off the last $70,000 of Hillary’s 2008 debt. Pathetic. Everyone knows that the Clintons are worth tens of millions of dollars (probably even $100 million put together). I was embarrassed for Bill Clinton back in 1998, when it was revealed publicly that he really was the sad, poor man’s version of John Kennedy (who was able to get better mistresses). And, reports that he tried to reconnect with Gennifer Flowers. But, cadging for “change” when everyone knows that you are a deca-millionaire is just another step down. [I know, I know, they are really doing it to see who might be an early supporter for 2016].

Unfortunately, Warren now has a job for life if she wants it.
And she’s now a possible future candidate for supreme court nominee by Obama. She surpasses his low standards.

Constitution First | December 6, 2012 at 9:28 am

Fauxcahontas lies about her Indian heritage, practices law without a license in Mass for ten years, publicly states she’ll vote the party line, the voters will, be damed… so long as you are a Left Winger in Massachusetts, they’ll elect the devil himself. Time to leave this joke of a state.

Hopefully she still has all internet security disabled so that one of her millionaire or billionaire friends could give in 49.00 increments…you only have to hit the pay key 8164 times to get 400k

Stands With A Debt.

UncompassionateConservative | December 6, 2012 at 10:25 am

“considered one of the nation’s preeminent scholars of American debt”

As I recall, her published book – “Two Income Trap” – on this subject was full of flaws. So who considers her a preeminent scholar?

She should start a solar panel or battery company to get out of debt.

As corrupt and greedy as Warren is I wonder how much of that $42 mill was funneled to directly or indirectly benefit her or family members. To bad there will never be an objective audit.

[…] the country, but even her massive record fundraising haul wasn’t enough. Legal Insurrection shares a report about how the ultraliberal Senator-elect ended her campaign in the red: Elizabeth Warren – who […]

Most of her “donations” came from out of state, as opposed to that of Brown. I hope she is hitting up those out of state slobs that helped sleaze her into office.

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