Fallon Sleaze Hurts Fundraising
While the top of Ed Fallon’s balance sheet shows a very solid fundraising quarter, the details hide a sad truth. Fallon’s ethics woes have hurt him badly among potential donors. Fallon’s credibility gap over issues related to I’M for Iowa has led to fewer and fewer donors trusting him. While Fallon claimed 2,082 total donors for the quarter, almost 80% of them wrote their checks before mid-February. In the last six weeks of the quarter, Fallon’s fundraising slowed to a trickle. The result is that Fallon has already spent nine out of every ten dollars that he has raised and, after counting for outstanding debts, he has less than $3000 available to spend on the last 90 days of his campaign. If Fallon’s fundraising continues to dry up, he won’t have enough money to meet his payroll, let alone pay himself through “the Fallon loophole“. Of course, if Fallon had been upfront about I’M for Iowa and its donors, none of this would have happened. But, like Richard Nixon, it seems it was not the crime that brought Ed Fallon down, it was the cover up.
6 comments April 15th, 2008
