Sharron Angle Burns Through Most Of Her Cash
Earlier this week, I noted that Sharron Angle had raised an astounding $ 14 million in the 3rd Quarter. As it turns out, she was spending money as fast as it came in:
Republican Sharron Angle made waves this week after announcing a record-breaking $14.3 million fundraising haul, but she finished the quarter with far less in her bank account as she heads into the final stretch of her race against Senate Majority Leader Harry Reid.
According to newly filed campaign finance reports, Angle has $4.1 million in her account after spending a staggering $12.1 million in the third quarter.
The fundraising amount puts Angle on firm footing to compete with Reid financially as early voting in Nevada begins Saturday.
Reid’s campaign had spent $7.8 million after raising $2.8 million in the last quarter, finishing the period with $4 million in the bank.
Moments after POLITICO reported Angle’s cash-on-hand amount Friday afternoon, the Republican’s campaign announced that it had raised $3 million in the first two weeks days of October, with $230,000 coming in online after the two candidates’ held their only debate Thursday night.
To raise much of the money, Angle relied heavily on an aggressive and expensive direct mail operation, which appears to have eaten away at her huge fundraising haul. She also has been advertising heavily on TV in the Las Vegas and Reno media markets to keep pace with Reid’s campaign.
Reid also appears to have reserved his television time for the next two weeks early, thus taking advantage of discounted ad rates. Angle did not, and will have to use much of her remaining cash to counter what many expect to be a very heavy last minute ad blitz by Reid.
Why do I get the idea that you want Reid to win.
“Burns through”? She’s spent it on the campaign, hasn’t she? Um, isn’t that what it’s for?
Its a fairly common way to describe a campaign that spends an enormous amount of money in a short period of time — and spending almost ten million dollars in Nevada in three months is rather extraordinary.
Also it is important to note that a large portion of this money apparently went to pay for the expensive direct-mail fund raising that Angle has done. Spending money on fund raising isn’t the most productive use of campaign $$$.
As I said in my post about Thursday’s debate, if i lived in Nevada I would exercise the option to vote for None Of The Above.