By
G. McConway
|
December 23, 2022

REPORT: Abrams Campaign $1 Million in Debt

Failed Georgia Gubernatorial candidate Stacey Abrams may have finally burned one too many bridges.

Reports surfaced this week that her campaign is $1 million in debt after lavish spending during the election cycle.

Some Democrats are now distancing themselves from for the sheer optics of how this looks.

Reckless

Abrams brought in about $100 million during her campaign.

For a gubernatorial election, that is a LOT of money.

One Democrat strategist stated, "It's incredibly bad planning, and it shows where their values are at.

"You can't look up one day and realize you can't pay the bills."

The Atlanta Journal-Constitution's Greg Bluestein wrote, "But her campaign's expenditures have come under sharper scrutiny as new details emerge about the tight cash crunch she faced before her November defeat to Kemp by nearly 8 points."

With all that money, most of her campaign staff expected to be paid through the end of the year, but that was not the case.

Instead, Abrams cut them a check after the election and sent them on their way.

Axios reported, "money became so tight that most of the 180 full-time staffers were given an abrupt paycheck cutoff date — just a week after the November election."

Abrams reportedly still owes more than $1 million to her vendors with no way to pay for it.

As an example of the reckless spending, her campaign rented a home to use as a backdrop for TikTok videos.

Bluestein reported, "Some aides commandeered the vacant five-bedroom craftsman-style house, now available to rent at $12,500 a month, as a makeshift office.

"A pop-up shop and 'swag truck' were assigned to dispense merchandise, such as T-shirts and hoodies, to win over young voters. But staffers grumbled that there was no apparent strategy behind the giveaways, which they said seemed careless and costly."

He continued, "She cast the strategy as the price of building a labor-intensive infrastructure designed to turn out oft-ignored voters who usually skipped midterm elections.

"This cycle, she could rely upon a new financial mechanism that allowed gubernatorial nominees to raise unlimited cash from individual donors.

"Abrams amassed more than $53 million through that committee, helped by megadonors who wrote checks as large as $5 million. Still, even as Abrams and her aides set midterm fundraising records, her campaign burned through cash at equally high rates."

She wanted to manage a state yet she cannot even manage her own checkbook.

I guess Stacey better call Uncle George for a bailout.

Source: Fox News

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