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Subscribe to RSSDES MOINES, Iowa—According to Federal Election Commission filings, Minnesota Rep. Michele Bachmann's two campaign arms raised a total of almost $4.1 million during the third quarter fundraising period.
FEC filings posted Saturday found that Bachmann's spending outpaced her earnings between the beginning of July and the end of September. Her two authorized committees — Bachmann for President and MicheleBachmann.com — spent over $6.2 million during the quarter,
Bachmann for President raised $3.9 million during the quarter, spent $5.9 million, and has above $1.3 million in cash on hand as of the end of September.
MicheleBachmann.com raised about $200,000, spent roughly $260,000, and has just over $200,000 in cash on hand.
Bachmann's spending outpaced her earnings, records show. In part because of that spending, her primary campaign committee carries about $550,000 in debt.
According to Bachmann's campaign, Bachmann had received 97,000 contributions from over 70,000 individuals, with an average contribution of $42.
"We are especially proud of the fact that we continue to bring in large numbers of small donors who contribute time after time," campaign manager Keith Nahigian said in a statement. "We are grateful to each and every donor who has helped us gather the necessary resources to continue reaching out to the people of Iowa, New Hampshire, South Carolina and the rest of the country."
Bachmann has staked her campaign on a message of everyman frugality—attacking the federal government for its deficit, and insisting Iowan families would know better than to spend beyond their incomes.
During an event in Des Moines earlier this month, Bachmann told reporters, "This is how I intend to run the country. In a way that I grew up understanding here in Iowa, we were frugal, we were prudent, and we never spent more money than what we took in."
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Just throw in the towel already! You are a hypocrite and shouldn't be in the race for the nomination to begin with. Go on the circuit like your twin Sarah Palin... you two were cut from the same cloth.. vicious, empty minded women that don't have a clue! LOL
I know you liberal lemmings love to bash Bachmann but while you're doing that "important work", lol, here is some REAL info:
"As of Oct. 17, here is a snapshot of what's different, compared with Jan. 20, 2009:
-- The U.S. debt increased by an average of $4.2 billion per day. The total rise in that time breaks down to more than $13,000 in additional debt for every single American.
-- The government has spent more than $9.6 trillion, about 60 percent more than what Washington took in.
-- The country racked up as much debt in the last 1,000 days as it did in the first 79,135 days. (That's from 1776 to 1993.)
-- In the last 1,000 days, America spent $1.2 trillion in interest on the debt. By itself, that would represent the world's 15th largest economy.
-- On the economic front, 2.22 million jobs have been lost.
-- More than 2.4 million homes were repossessed for failure to pay mortgages.
-- The unemployed are staying out of work longer -- on average about 40.5 weeks, more than double the typical bout of joblessness in January 2009.
-- The jobless rate has been at or above 9 percent for 840 of the last 1,000 days.
-- Thirty-seven states have higher unemployment rates.
-- Washington has spent almost $380 billion on federal unemployment benefits.
-- Since January 2009, 7,076 new final regulatory rules were issued.
-- About 12 million more Americans are on food stamps.
-- Gas prices are up by more than 80 percent."
Can't run the farm without Fed funds, can't run the clinic without Fed funds, can't get a job without Fed funds, can't run a campaign without.................? Better pray for divine intervention.
Get your popcorn ready