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Cao Raises Big Money -- And Spends Almost All Of It
Eric Kleefeld | October 15, 2009, 4:42PM
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Rep. Joseph Cao (R-LA)
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Rep. Joseph Cao (R-LA), a freshman from the heavily Democratic New Orleans-based district, had a solid fundraising quarter of $384,113.67 -- and spent nearly all of it.
Cao spent $376,536.64 in the quarter, about 98% of his receipts, leaving him with $351,134.43 cash on hand -- practically the same as he had at the start of the quarter.
Cao's itemized disbursements show that much of the money was spent on direct mail and fundraising fees.
Cao was elected in a huge upset over the then-indicted (later convicted) Democratic Rep. Bill Jefferson, and is certain to the Democrats' top target in 2010.
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tosh
October 15, 2009 5:08 PM
Is Cao using that PR firm that TPM outted last year as being little more than a GOP Sinkhole: run sham candidates to direct fundraising money into your own pockets?
John
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