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Why Ben Carson is burning through so much campaign cash
Fortune ^ | 10/19/2015 | Chris Matthews

Posted on 10/20/2015 8:28:18 PM PDT by BlackFemaleArmyColonel

The fiscal conservative hasn’t been conservative with his campaign contributions.

Ben Carson is trailing Donald Trump by just a couple points in the latest Real Clear Politics average of national polls of Republican primary voters nationally, and he’s leading the pack in another important metric—fundraising. The retired neurosurgeon announced last week that his campaign had raked in $20.8 million in donations in the third quarter, the most of any Republican candidate. But Federal Election Commission filings also show that he spent $14.2 million during that same period, more than any Republican. Given his huge fundraising hauls so far, he still has the second most cash on hand of any of the Republican field, but given the fact that much of his support comes from small donations, it’s unclear whether these supporters can be tapped again and again like the wealthy and well-connected boosters of some of his rivals.

So what is Carson spending all this money on? You have to spend money to make money, and the Carson campaign’s biggest expense is fundraising itself. Here’s the Wall Street Journal:

In all, Mr. Carson directed $11 million of the $14 million he spent in the third quarter to fundraising costs. The campaign spent nearly $5 million—a quarter of its total haul—on social media, email marketing and online advertisements. Mr. Carson’s Facebook presence in particular has drawn attention for the size of his audience. Last month, he surpassed GOP front-runner Donald Trump to become the candidate with the most fans on Facebook. He spent $2.6 million on direct mail, $1.4 million on telemarketing and another $57,000 on the campaign website.

There’s also the matter of what Politico has called Carson’s “appetite for the good life.” It points out that he has spent thousands of dollars on swanky hotels and steak dinners,

(Excerpt) Read more at fortune.com ...


TOPICS: Politics/Elections
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I don't know. This could be a serious issue for Carson and could be an issue if he is President. He is a nice man, but that may be it.
1 posted on 10/20/2015 8:28:18 PM PDT by BlackFemaleArmyColonel
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To: BlackFemaleArmyCaptain

Check his consultants.


2 posted on 10/20/2015 8:30:00 PM PDT by headstamp 2
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To: headstamp 2

“There’s also the matter of what Politico has called Carson’s “appetite for the good life.”

You mean, the good doctor has a thing for the bling?


3 posted on 10/20/2015 8:31:48 PM PDT by max americana (fired every liberal in our company at every election cycle..and laughed at their faces (true story))
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To: BlackFemaleArmyCaptain

Consider his recent alignment with Al Sharpton ... he will burn through what is left to no avail.


4 posted on 10/20/2015 8:32:59 PM PDT by doc1019 (Out of my mind ... back in 5)
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To: BlackFemaleArmyCaptain
So tonight's the night to bash Carson?

First you posted from the Huff Po now from Mr. Tingles?

Is Alt net.org next?

5 posted on 10/20/2015 8:34:18 PM PDT by Michael.SF. (This tagline lists all of Hilary's accomplishments............................)
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To: BlackFemaleArmyCaptain

It doesn’t matter anymore. Army Captain..he said he and Sharpton have the same goals tonight..

My reply.

WOW!!

Sharpton, who said during the Brawley thing “we’re gonna be the most powerful n...as in this city” because of this.

Sharpton, who destroyed Stphen Pagones’ life, with severe colitis and almost nervous breakdown.

Sharpton, who fed the flames for koreans to burn alive in a store.

Sharpton, who was caught on tape making coke deals.

Sharpton, who was caught on tape working with the mafia.

Sharpton, who owes 4 million in taxes.

Yes, I live in NYC and have seen it all.

I’m just a dumb Italian :), but this is all true and just like Rand meeting Sharpton was it for me, so is this.

There are SO MANY great black leaders, and Carson is still a great voice to be heard, but not for president after that comment.

Giuliani CRUSHED the mafia in NYC, all five boroughs. I knew more than a few of the guys who could no longer work at the fulton fish market, operate stands at the Genaro feast, were put in prison!!

When Gotti got put away there were a few dozen protesters. for what? He was an animal. Believe me!! and his son was/is too. Have cousin that was bouncer where he frequented and stories are pretty brutal.

They all made their bed. Just because i’m italian doesn’t mean i sympathize.

Sharpton is poison to black people. Carson needs to take that statement back to have a chance.


6 posted on 10/20/2015 8:35:41 PM PDT by dp0622
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To: BlackFemaleArmyCaptain
Is this the same Chris Matthews who marvels at the crease on Obama’s pants? If so, this is a worthless article.
7 posted on 10/20/2015 8:36:05 PM PDT by Fungi
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To: headstamp 2

Read his interview with Kai Ryssdal on “Marketplace” and perhaps he is not as conservative as you may think.


8 posted on 10/20/2015 8:37:07 PM PDT by glyptol
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To: BlackFemaleArmyCaptain

Well, based on the polls, at least Carson is getting some bang for his bucks, unlike Yeb.


9 posted on 10/20/2015 8:39:24 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: BlackFemaleArmyCaptain

My response ro this article is “so what?”.
I don’t see any consequences.
...Just as I don’t see Carson’s appeal. ( A nice negro?)


10 posted on 10/20/2015 8:40:24 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: BlackFemaleArmyCaptain
It points out that he has spent thousands of dollars on swanky hotels and steak dinners, helping to contribute to a “burn rate” that is among the highest in the Republican field.

That would be only a fraction of the $14m spent last quarter. I work in Manhattan and average 2-3 nights a week in hotel rooms and eat out most nights there. My expenses are no more than $60k a year - which is less than a half percent of $14 million (0.43%)

Obviously the bulk of Carson's money is spent on fundraising, which is probably not sustainable as we get deeper into the race.

If Carson is going to keep raising the kind of money required to compete, he's going to have to show us a little more than he has so far. Trump is about to run away with this thing and he hasn't even started to spend his money. I think with the money he raised last quarter (unsolicited donations), he only had to put about $100,000 out of pocket.

11 posted on 10/20/2015 8:44:21 PM PDT by SamAdams76 (Businessmen use their own money to succeed. Politicians take other people's money and fail.)
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To: BlackFemaleArmyCaptain

“He is a nice man, but that may be it.”

Now that we have some indications that he’s a supporter of Al Sharpton, he’s not a nice man either. It’s Trump, or nothing for me!


12 posted on 10/20/2015 8:53:27 PM PDT by vette6387
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To: BlackFemaleArmyCaptain

He knows how to spend peoples money fast.


13 posted on 10/20/2015 8:57:35 PM PDT by jennychase
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To: BlackFemaleArmyCaptain

Doctors bills obviously, $20 for an aspirin.


14 posted on 10/20/2015 8:58:24 PM PDT by Daniel Ramsey (Trump to win! He wins, we win, the nation wins!)
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To: BlackFemaleArmyCaptain

Dr.C burns through $$ like MC Hammer


15 posted on 10/20/2015 9:09:19 PM PDT by gwgn02
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To: Michael.SF.

She’s a Trump Toady. Anyone who’s not Donald Trump is bashworthy to her.


16 posted on 10/20/2015 9:09:22 PM PDT by ru4liberty (I wish FR were still "The Premiere *CONSERVATIVE* Site on the Net" :'(.....)
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To: ru4liberty
It is not so much that she is bashing Carson, but using far left websites to do so?

How childish is that?

17 posted on 10/20/2015 9:13:52 PM PDT by Michael.SF. (This tagline lists all of Hilary's accomplishments............................)
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To: BlackFemaleArmyCaptain

I still can’t find anyone on FR who supports this guy and why.


18 posted on 10/20/2015 9:19:43 PM PDT by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: Michael.SF.; All

Carson is an amnesty pimp, so discovering where Carson is spending his money is the least of the problems we have with him.

It is fascinating that Carson spent 11 million just on fundraising. I’ve read articles before suggesting that Carson is simply a cash cow for the advisers/campaigners who talked him into running for President to begin with. It would be interesting to see which people in Carson’s campaign are getting the most money, and what they’re being paid to do.


19 posted on 10/20/2015 9:20:40 PM PDT by Greetings_Puny_Humans (I mostly come out at night... mostly.)
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To: BlackFemaleArmyCaptain

I’m not sure about Ben Carson yet, though I do like him. There are things that concern me. For now I’ll reserve judgement, see how it plays out; the next few months will tell the tale.

This piece was not written by the Chris Mathews we all know.

http://fortune.com/author/chris-matthews/

He also wrote about Ted Cruz’s fund raising:

http://fortune.com/2015/10/09/ted-cruz-funding/


20 posted on 10/20/2015 9:32:07 PM PDT by Quicksilver (I'll vote for anyone that can truly Make America Great Again!)
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