[Twenty Years Later] John Glenn's failed presidential campaign still owes millions

http://www.boston.com/news/local/new_hampshire/articles/2004/02/09/john_glenns_failed_presidential_c ^ | 2/9/2004

[Diago]

WASHINGTON -- It has been 20 years since former Ohio Sen. John Glenn ran for president in the New Hampshire primary, but he still owes $2.61 million for his failed bid, records show.

The Cleveland Democrat took out a series of loans in 1984 in an attempt to boost his campaign and win the nomination from former Vice President Walter Mondale.

[NavVet]

Note to self: Only take out personal loans in attempt to salvage losing campaign, when married to filthy rich Republican Widow.

G. Glenn

[EggsAckley]

Wow!

"There are no plans or any ongoing activities," said Mary Jane Veno, a senior adviser to Glenn at the Glenn Institute at Ohio State University. "At this point, in my opinion, no more of his personal money would be used to reduce the debt or pay it off."

If this were you or me we'd probably be in jail, or at least living very modestly.

[punster]

The thing to remember: John Glenn is a spaced-out old astronaut.

[NavySEAL F-16]

The cost of selling your soul and honor becomes crystal clear.

[solitas]

"...he still owes $2.61 million..."
Hmmm...$1.3million per kneecap/eye...a modest $260K per finger... The banks shouldn't find it TOO hard to convince him if they were REALLY INTERESTED the financial welfare of the REST of their clients (as oppposed to just grabbing their money).

[Max Combined]

"Cleveland Democrat took out a series of loans in 1984"

What did he put up for collateral?

[lowbridge]

What did he put up for collateral?

His integrity.

[Lonesome in Massachussets]

Ted Kennedy's senatorial campaign is notorious for stiffing vendors. A flak calls a caterer or other vendor and tells them that come highly recommended, could they please furnish this or that for the Senator's campaign. They then ignore the invoice, which the merchant writes off most of the time, because it isn't worth trying to sue a campaign committee. He. Is. Such. A. Sleaze.

[Sonny M]

Wasn't John Glenn one of the keating 5?

[BaylorDad]

John Glenn deserves every thing bad that comes his way. He sabotaged Fred Thompson's senate hearing on Clinton's impeachment for a one more ride in space. A smarter man would have factored in his campaign debt as well. His actions should not be forgiven or forgotten.

[Diago]

Glenn was in the Keating 5. Accused of taking a $230,000 bribe.

[holyscroller]

He's got the money. He could pay it. He just figures he'll let it ride and stiff all his debtors. The only good thing I can think of that may come of it, some may have lost their own shirts as a result of this, and been so soured it turned them into Republicans. The moral of this story is never put a dime into anything related to a Democrat.

[arichtaxpayer]

Anybody know if the Clinton legal bills are paid?

[LibFreeOrDie]

John Glenn's contact information (he has an office at the following address; Mary Jane Veno is his Chief Advisor):

The John Glenn Institute
400 Stillman Hall
1947 College Rd.
Columbus OH 43210
Tel: 614-292-8890
Fax: 614-292-4868
Email: veno.1@osu.edu

[Calvin Locke]

I was going to ask about the cash he and McCain got from that S&L affair.

Only $230K? Oh, pre-Clinton influence.

[grey_whiskers]

You wrote:

"Ted Kennedy's senatorial campaign is notorious for stiffing vendors. A flak calls a caterer or other vendor and tells them that come highly recommended, could they please furnish this or that for the Senator's campaign. They then ignore the invoice, which the merchant writes off most of the time, because it isn't worth trying to sue a campaign committee. He. Is. Such. A. Sleaze."

I had heard rumors that the late JFK did the same thing
in person--forcing his lunch companions to pick up the
tab, etc.

Sources?