Perry blew through cash in final months of campaign
January 31st, 2012
10:13 AM ET
2 years ago

Perry blew through cash in final months of campaign

(CNN) - Rick Perry, the Texas governor and former presidential candidate, spent almost all of the campaign money his organization raised before dropping out of the race in January.

Perry, who began the fourth quarter with roughly $15 million, spent $14.2 million during the last months of his campaign, according to documents filed with the Federal Election Commission late Monday.

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Perry raised just under $3 million between October 1 and December 31, a steep drop from the seven weeks of his campaign, when he brought in $17 million.

Overall, Perry raised just over $20 million this campaign cycle, the bulk of which was raised between August 13, the day he announced he was running for the White House, and October 1.

Perry enjoyed a spike in national polls, as well as polls in key early voting states, when he first jumped into the race. Fundraising for Perry was at its peak during that period, outpacing even former Massachusetts Gov. Mitt Romney, the current frontrunner. Perry's campaign boasted after the third quarter filing deadline they had received donations from all 50 states, the District of Columbia, Puerto Rico and Guam.

Problematic debate performances and plummeting poll numbers triggered a slowdown in fundraising, though Perry's campaign continued to spend the cash they raked in during the candidate's peak.

In the fourth quarter, Perry's campaign spent large chunks of money on payroll for campaign staffers, media production and advertising time, and "finance consulting." The campaign paid more than $5 million to Alexandria, Virginia-based Paint Creek Productions, classified in the FEC filings as a media expenditure.

The campaign holds just over $90,000 in debt, including almost $50,000 to an Arlington, Virginia direct mail firm and more than $40,000 to a New Hampshire marketing consultant.

Perry dropped out of the GOP race January 19 after poor showings in the Iowa caucuses and New Hampshire primaries.

-CNN's Peter Hamby and Kevin Liptak contributed to this report.


Filed under: 2012 • Fundraising • Rick Perry
soundoff (26 Responses)
  1. PTNY

    I'm sure the sharks come out when these campaigns start up.

    January 31, 2012 10:17 am at 10:17 am |
  2. GI Joe

    I'm glad he's back in Texas. Those nutjobs deserve him, since they were ignorant enough to elect him in the first place.

    KEEP HIM THERE and dsconnect his phone and computer. We don't want him.

    OOPS

    January 31, 2012 10:17 am at 10:17 am |
  3. Orwell reborn

    Q: What does $20M and Rick Perry get you?
    A: a Texas size joke.

    January 31, 2012 10:18 am at 10:18 am |
  4. Larry L

    He needs a tough audit to see exactly what this crook spent the money on. In Texas he's known as a Governor you can access if you have the cash up front.

    January 31, 2012 10:19 am at 10:19 am |
  5. A Texan

    Follow the money and you`ll find much of it ended up in his own back pocket.............

    January 31, 2012 10:21 am at 10:21 am |
  6. Dominican mama 4 Obama

    I guess $140k in debt is peanuts to these guys, but what did they blow $14M on? What's the rule on 'leftover' campaign funds?

    January 31, 2012 10:25 am at 10:25 am |
  7. The Real Tom Paine

    So much for fiscal conservatism. I guess we now know why Perry always had a huge debt while he's been "running" TX.

    January 31, 2012 10:32 am at 10:32 am |
  8. MNTaxpayer

    Yep, a fiscal conservative.

    January 31, 2012 10:33 am at 10:33 am |
  9. Pat in IL

    What a seriously sad waste of money. If he was any smarter, he would have known from the beginning that he didn't have a chance....same with Bachman and Cain (Santorum should be on that list of crazies). You can't really blame him for this waste, though, as much as his "supporters", because anybody has the right to thrown their hat into the ring. But it's the donors who have to stop and think about how their money is being spent and who it's being spent to support. We voters and supporters need to stop just being on bandwagons and really discern what and who is best for the country as a whole.

    January 31, 2012 10:34 am at 10:34 am |
  10. William dodge

    So much waste

    January 31, 2012 10:35 am at 10:35 am |
  11. Wire Palladin, S. F.

    Republicans are pretty good at spending other people's cash. Unfunded wars, TARP, and unfunded tax cuts and $12 trillion of are nation debt, typify GOP conservatism.

    January 31, 2012 10:40 am at 10:40 am |
  12. cali girl

    Wow. And to think what kind of president would he be. A saver? Or a spender?

    January 31, 2012 10:45 am at 10:45 am |
  13. diridi

    Please stop showing this male-sarah-palin....please.

    January 31, 2012 10:48 am at 10:48 am |
  14. Name tung yo ho

    Confucious say,"rooster come home to nest, when sun go down"

    January 31, 2012 10:49 am at 10:49 am |
  15. Patriot Awesome

    I feel a little bad for Texas. It must have been embarrassing for Texans while this joker was out on the campaign trail.

    January 31, 2012 10:50 am at 10:50 am |
  16. Thomas

    Almost sinful. The amount of money spent to acquire more money and power.

    Perry's campaign holds just over $90,000 in debt, including almost $50,000 to an Arlington, Virginia direct mail firm and more than $40,000 to a New Hampshire marketing consultant.

    DEBT

    January 31, 2012 10:51 am at 10:51 am |
  17. vet in texas

    He spent all of that money and wasn't even able to get on the ballot in Virginia.......says alot about someone whom we in Texas already knew the truth about.

    So, anyone who gave to Perry, probably gave to SarahPac, probably though Herman Cain, and Michele Bachmann were actually good candidates and could be great presidents and in some peoples words, "would be better at president then Obama", probably voted for W twice, and thought Reagan was an real conservative, instead being great at "acting" like a conservative (see raising taxes, amnesty for illegals, bailing out Chrysler, and selling weapons to Iran).

    Why didn't the imfamous gold/emergency food/carbonite salesman who knows all, warn you about W? I mean if Obama is destroying the country in his first term, and must be stopped from doing more damage, then where would we be if you didn't vote for W for a second term? I can't wait to hear the responses from the usual deniers..........

    January 31, 2012 10:51 am at 10:51 am |
  18. jilli

    What a freaking waste. Just think of all the good and purposeful things those millions could have been used for.

    January 31, 2012 10:51 am at 10:51 am |
  19. ThinkAgain

    No way he spent $14.2 million in ads ... I'm betting he pocketed the money for his own use, a la the Shrilla from Wasilla.

    January 31, 2012 10:52 am at 10:52 am |
  20. v_mag

    Perry is a spend-and-don't-tax conservative. That's how we got in the mess under Bush. Buy it (especially if it benefits the rich and the military) but don't pay for it.

    The people of Texas are not happy with what they've spent on Perry's security detail and travel expenses while he was out galavanting around and not governing. Perry is a noted big spender, including his $10K/month apartment in Austin, again paid for by my taxes. Somebody tell me what's "conservative" about that?

    January 31, 2012 10:54 am at 10:54 am |
  21. StuckInTX

    And lets not forget the almost $1M+ that the good folks of TX have paid out (via the DPS security policy) of our tax dollars for his "security" since he joined the campaign trial. He should pay that back from his campaign funds.

    January 31, 2012 10:59 am at 10:59 am |
  22. hello ppl

    I wanted perry to win :(

    January 31, 2012 11:10 am at 11:10 am |
  23. Willie Floyd

    That money could have been spent for much more important things-food kitchens, heat for the poor-instead of wasted on a hopeless political campaign.

    OBAMA/BIDEN 2012

    January 31, 2012 11:14 am at 11:14 am |
  24. Debbie from Arizona

    I'm just glad he's back in Texas. Hopefully, the people of Texas will make this Perry's last term as governor. He sure made himself look pretty bad on the campaign trail.

    January 31, 2012 11:33 am at 11:33 am |
  25. ST

    We were told all the time that Perry had money which will enable him to continue. What happened? I now start doubting whether Romney has money too or it is just a talk!

    January 31, 2012 11:40 am at 11:40 am |
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