Gessler blowing money like there’s no tomorrow

Scott Gessler, Republican candidate for Colorado Secretary of State

Scott Gessler, Republican candidate for Colorado Secretary of State - spending money like it's going out of style

From ColoradoPols.com:

Gessler Just Keeps Pissing in the Wind
by: Colorado Pols
Fri Jun 04, 2010 at 10:31:58 AM MDT

We’ve been fascinated with the campaign of Republican Secretary of State candidate Scott Gessler over the last year, but not in a good way. For most of the last 18 months, Gessler has been spending his campaign cash as fast as he can raise it; in 2009, he brought in almost $87,000 but spent an incredible 86 percent of that money.

Gessler managed to contain himself (somewhat) in the first quarter of this year, raising $53,000 but spending only $38,000, which for Gessler just about qualifies him as Scrooge McDuck. But then there was the reporting period that ended on May 26, a one-month time frame during which Gessler brought in $16,363 but spent $18,045, most of which went to consultants and rent (hint: if you are paying consultants more money than you are raising, you might want to consider changing consultants).

When you add it all up, since he first began his campaign in Q1 2009, Gessler has raised a solid $156,057…yet has spent $130,725, for a cash-on-hand amount today of a little over $25,000. For you math whizzes out there, that means Gessler has spent .84 cents out of every dollar raised, and we’ve only just made it to June.

Folks, we’ve never seen a candidate, for either Party, with a consistent burn rate this high.

Gessler has actually out-raised incumbent Democrat Bernie Buescher, but while the latter has brought in abut $137,000, he still has $74,125 cash on hand. That’s just poor campaign management when you have outraised your opponent over the course of 18 months but only have a third as much money in the bank. And that’s what makes Gessler’s campaign one of the worst statewide organizations we’ve seen in the last 10 years.

I’d like to point out that Longmont’s new conservative majority also raised and spent gobs and gobs of money to put total incompentents on council – and they won. Gessler has the eager support of Longmont’s right-wing oligarchy who, flushed from their recent success are dabbling in larger issues.

Voters are advised to look carefully at who’s backing Mr. Gessler – follow the money and you’ll find wealthy developers eager to build their soon-to-be-foreclosed projects.

Read more about Scott Gessler:

Scott Gessler: By the company he keeps

What’s behind this curtain?

Scott Gessler’s Fundraising Black Hole

Reception in Longmont held by the financial oligarchy

Who benefited from outside influence?

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  2 comments for “Gessler blowing money like there’s no tomorrow

  1. June 4, 2010 at 8:25 pm

    His favorite 501c4s will undoubtedly chip in oodles. Watch for Western Tradition Partnership and Coloradans for Eocnomic Growth to rear their ugly heads.

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