Saturday, December 6, 2008

Bob Barr Campaign Owes Quarter-Million Dollars

The Bob Barr campaign has disclosed unpaid debts of almost a quarter million dollars to the FEC:

Total Receipts: $1,383,681
Transfers From Authorized Committees: $0
Individual Contributions: $1,355,189
Non-Party (e.g. PACs) or Other Committees: $8,267
Contributions from Party Committees $11,962
Candidate Contribution: $0
Candidate Loans: $1,000
Other Loans: $0

Total Disbursements: $1,345,202
Transfers to Authorized Committees: $0
Individual Refunds: $1,626
Non-Party (e.g. PACs) or Other Refunds: $0
Candidate Loan Repayments: $0
Other Loan Repayments: $0

Beginning Cash: $0
Latest Cash On Hand: $38,478
Debts Owed By: $234,327

Even assuming that all the remaining cash on hand goes to pay off the campaign debt, Bob Barr and his supporters have left the Libertarian Party with a presumed debt of about $200K to pay off.

All in exchange for a tepid pseudo-libertarian campaign which received no more support from the electorate than the Badnarik campaign-on-a-shoestring in 2004.

The Bob Barr boosters (including Chief Special Persecutor Stewart Flood) promised us record fundraising, record vote performance, and new levels of credibility. Instead, they delivered the most insolvent campaign in Libertarian history by a washed-up neoconservative Republican who still didn't break 0.5% of the vote.

It must be Angela Keaton's fault!

Update 1: Last Free Voice reports that of the itemized debt outstanding, over 10% appears to be owed to former LP Executive Director (and Mary Ruwart defamer) Shane Cory and to VP candidate Wayne Allyn Root.

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