November 03, 2008 07:30 PM UTC

How Much Cash Is Schaffer Sitting On?

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• by: Colorado Pols

A couple of weeks ago, we discussed indications that GOP Senate candidate Bob Schaffer was hoarding campaign cash instead of spending it, signaling a recognition that the Senate campaign was lost and a possible future run–perhaps for his former CD-4 seat held (for the moment) by embattled successor Marilyn Musgrave.

A Denver Post article from October 25th reports that Schaffer still had somewhere around $1.5 million in the bank as of October 15th. There won’t be hard numbers on his spending between then and now until after the election, but informal checking we’re aware of has itemized somewhere between $350,000 and $500,000 of media buys in the ensuing period.

Which, even accounting for some other extraneous spending between then and now, would still leave Schaffer with around a million bucks in the bank.

Which again invites the question: who would end such a hard-fought campaign with a million dollars in the bank?

And the only plausible answer: someone already plotting his “comeback.”