"Why is there in the hand of a fool the purchase price of wisdom,
Since he has no heart for it?"
Proverbs 17:16
LOL:
U.S. Rep. Beto O'Rourke, D-El Paso, raised $38.1 million for his U.S. Senate campaign in the third quarter, a new record for the largest fundraising quarter ever in a U.S. Senate race, according to his campaign.Soo...Bobby Francis is shattering fundraising records. That's not new. But what can he show for it?!?
The haul more than tripled Republican incumbent Ted Cruz's fundraising for the past three months, which Cruz has said was over $12 million. O'Rourke has consistently raised more than Cruz in the race, but this is the widest gap yet. The $38.1 million is by far the largest amount raised in a quarter by a Senate candidate, surpassing Republican Rick Lazio's record of $22 million in 2000 for his bid against Democrat Hillary Clinton in New York.
For starters, he has no field operation. We live in East Austin. This is exactly the type of neighborhood where D's have to maximize turnout (high likelihood to vote D/low likelihood to vote in the first place) if they're to have any chance statewide. The Texas Observer has observed a similar phenomenon in similar neighborhoods in South Texas.
Back in July, we took a deeper look at Bobby Francis' campaign expenditures. The obvious conclusion is the the overwhelming majority of it was going to out of state vendors. We haven't had time to parse the latest numbers but, given the recent trajectory of the campaign, it seems likely that the previously observed trend continues.
Bottom Line: During the Obama era, especially in his second term, there were a proliferation of so-called "scam PAC's." These were entities that raised large sums for their staffs and vendors, but spent little of the money on actual political activity. Bobby Francis' campaign looks to be something similar for the Trump era.
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