Twelve-term U.S. Rep. Cliff Stearns lost his Republican primary to a
little known tea party opponent last week with as much as $2 million
still sitting in his campaign account.
Now he has no campaign to spend it on.
Stearns, it turns out, is one of several high-profile Florida candidates
ousted from the campaign trail with formidable war chests of leftover
cash. Stearns was sitting on about $2.1 million in late July, while
former U.S. Senate candidates Mike Haridopolos and George LeMieux have
about $1.4 million and $1 million, respectively.
Money raised for federal campaigns cannot go to personal expenses, but almost anything else is fair game.
"I'm sure congressman Stearns is getting quite a few calls from the
Republican Party of Florida and other political party committees saying
'Hey, can we have some of your campaign funds,'" said former Federal
Election Commission Chairman Michael Toner. "He may want to hang onto
the money, but he'll certainly be under pressure to give."
See story here.












Isn't this the part where they hang on to their cash until the right person offers them the most lucrative thing in exchange (business deal, job, high paying position with no work to do, whatever)?
Quid pro quo is the nature of politics and money in politics, isn't it?
Posted by: whasup | August 23, 2012 at 06:38 PM
I am running against Stearn's opponent. www.phildoddsforcongress.com
Posted by: Phil Dodds | August 23, 2012 at 10:10 PM