Where did Dean's $40 million go? - good extensive Dan Conley post

[Bombtrack]

http://www.danconley.com/archives/000175.htm

Where did Dean's $40 million go? Remember when he was saying how he needed to forgo public financing so that he'd have enough money to take the fight to Bush AFTER he won the nomination? Uh huh ... and now you're running out of dough after only Iowa and New Hampshire. So much for being a great fiscal manager -- the Dean campaign has burned through it's treasury faster than a five pool table dot-com company.

PS ... some keep talking about the money Dean keeps raising, which is completely besides the point. Giving money to the Dean campaign today is like giving an IMF loan to Russia in 1993 ... you might as well throw your money down a well. And by the way, I'd like to know what percentage of the $1.8 million raised since Iowa was automatically debited from people's bank accounts and how many people have called the campaign in the last 10 days asking for the automatic debits to stop ... and if the Dean campaign has followed through on those requests.

PPS ... and as Taegan Goddard's Political Wire points out, the Wall Street Journal reported yesterday that the Dean treasury has less than $5 million left. Yes, that's $35 million for a third, a second and a lead in no states heading into Feb. 3. Nice work, Joe.
(read on)http://www.danconley.com/archives/000175.htm

[mb7588a]

1. Fist doctrine of Internet Economic Theory:

All bubbles will burst.

I'm not kidding or poking fun at the managers or anything like that... There's an academic paper (which I can't find) on internet behaviors that says this somewhere.

[Old and In the Way]

2. Whoa....that's amazing......$35MM in ads? Iowa and NH?

I can't believe that these places are expensive media markets....
I hope he wasn't inflating his contributions to make people think he was more popular than he was.

[Feanorcurufinwe]

6. Only $9.x million in ads since June

Apparently alot of money was spent on orange hats and stuff like that.

[Name removed]

7. Deleted message

Message removed by moderator. Click here to review the message board rules.

[aquart]

10. That was an unfortunate implication.

I thought that kind of smear was forbidden?

[Old and In the Way]

13. No smear intended.......I'm just hearing about this on the DU tonight

and I have no interest in smearing Dean. But it seems like a huge amount of cashburn for 2 small market media states. Where else would the cash go if not in media ads?

[ConservativeDemocrat]

3. Money down a well?

> Giving money to the Dean campaign today is like giving an IMF
> loan to Russia in 1993 ... you might as well throw your money down a well.

Actually, giving money to just about ANY Democratic candidate is like "throwing money down a well", since unlike Republicans, you don't get any wink-wink-nudge-nudge quid-pro-quo out of them.

- C.D.

[Bombtrack]

4. actually until I start making 50K a year, I have a financial incentive to

get Clark elected, and one to see Dean not get the nomination.

Clark will reduce my taxes, and Dean will raise them. As well as those of my brother and parents

All of whom already have healthcare and don't require special ed, as Dean seems to imply they do, according to his "there was no middle class tax cut" misleading talking point

[aquart]

12. Reducing taxes in this economy is not an option.

If you believe it is, you haven't been paying attention.

[Bombtrack]

14. The middle class drives the economy, and needs the money

I know Dean has never really come close to struggling financially, so I wouldn't expect him to understand

[bearfartinthewoods]

18. how many kids do you have?

only people with kids will see there taxes reduced by clark. childless couples...and gawd i hate that term...and singles will continue to pay. a 12,000 dollar a year person, will pay but a 50,000 person with one kid won't.

[joshcryer]

5. No hard sources. :(

...

[copithorne]

8. A hard source here and here

It's worse than this:

http://www.salon.com/news/feature/2004/01/29/dean/index.html

and

http://www.washingtonpost.com/wp-dyn/articles/A58369-2004Jan28.html?nav=hptop_ts

Howard Dean is broke. He doesn't have five million dollars. He won't be advertising for February 3rd states, hoping to rebound on Feb 7th caucuses in Washington and Michigan.

[joshcryer]

9. Read them both.

Need more specific details than "he said she said."

[Bombtrack]

17. ok, it doesn't mean it's not worth reading

.

[buckeye1]

11. Watch caps?

3500 orange ones. The perfect stormers. As Ray Taliaferro says, "Never, ever trust a politicion".

[DemBones DemBones]

15. So those orange watch caps were $10 K a pop?

It's sad. I am angry on behalf of the Dean supporters who were betrayed by someone, whether it was Trippi or Dean.

[ibegurpard]

16. Please

If you're angry then don't deign to speak for me. I'll withhold judgement until I know more than a few internet rumors.