( – promoted by Middle of the Road)
It seems that much of the suspicion surrounding Tom Wiens’ bit of ambiguity concerning Q4 was more than justified. Here’s a snippet from CQ Politics posted yesterday afternoon: http://blogs.cqpolitics.com/ey…
Former Colorado state Sen. Tom Wiens (R) was the source of almost nine out of every 10 dollars that went into his U.S. Senate campaign in late 2009.
Wiens’ campaign said in a Feb. 2 release that it raised $728,418 through the end of last year, “which included contributions of over $188,418 and a candidate-provided loan of $540,000.”
It turns out that the lion’s share of Wiens’ $188,418 in contributions came from Wiens himself.
Wiens’ full campaign report, now available in the Senate’s public records office in Washington, D.C., disclosed that he made personal donations of $101,250 to his campaign on top of the $540,000 loan. So Wiens actually provided $641,250 of personal money to his campaign, or 88 percent of his overall campaign receipts.
The $101,250 contribution came in six installments: $2,400 on Nov. 16, $32,600 on Nov. 16, $25,000 on Nov. 30, $20,000 on Dec. 2, $16,000 on Dec. 23 and $5,250 on Dec. 31. Wiens made the $540,000 loan on Dec. 31.
Wiens’ report, which was not online as of Thursday, said that he raised $87,169 from individual donors (other than himself).
Not only does Wiens have a bit of an embellishment problem, he still has to supplement himself above and beyond his own candidate loan, footing the bill for nearly nine out of every ten campaign dollars that clink in his coffer. For a man who has more than a few monetary “issues” in his past, it’s only a natural act in Wiens’ pecuniary theatrics. Is he really the sort of candidate Republicans want to face Bennet in the fall, considering his shady dealings in the past and mendacious Q4 numbers?
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He’s been virtually invisible, though he has shown up at a few candidate forums lately. Does he have a crack organization in place? Is he planning on petitioning onto the ballot? That’s a lot of money to spend if Joe and Jane Caucus Goer think the race is between Norton and Buck …
that’s for sure.
an Easter egg. Maybe they go for that down on the ranches in Douglas County.
Does Janet Rowland know?
He loans his campaign a big number, but doesn’t spend it. If he doesn’t spend it the campaign can pay it back to himself. If he spends it, he’ll have to fundraise to get it paid back.
A “loan” so he HAS to pay back! So even if he raises $1 MILLION more, he HAS TO pay HALF of that to himself… So he’s able to spend the money but he doesn’t “have to” and he can still get it back.