Saturday, February 2, 2008

McHenry burns half a mil, out-monied by Johnson

According to his FEC filing, 10th District incumbent annoyance Pat McHenry has burned over a half million dollars in campaign cash before the primary season has even begun.

And if you count McHenry's outstanding $90,000 2004 debt against his cash on hand, he has less in campaign funds right now than challenger and political newcomer Daniel Johnson.

This cycle (since the 2006 election), McHenry has raised 610,000 and spent 571,000. And the money isn't coming in fast enough to keep up with his spending. He raised $140,000 in 2007's fourth quarter. According to the FEC reports, Daniel Johnson raised just under $124,000. Thing is, Johnson only spent $5,000 to raise that nice chunk of change and McHenry spent $135,000. Oops.

What's up Pat? Things not going so well? I’ve heard your staff and allies are deserting your sinking ship. So sad.

UPDATE: Oh and what's that nine grand for DC law firm, Wiley Rein LLC? I notice that other candidates don't keep a lawyer on retainer with campaign funds.

Crossposted at BlueNC and Scrutiny Hooligans.

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