National Journal: Winners and Losers in the Money Race

Tuesday, April 15th, 2014 @ 11:11PM in In the news, News

The following is an excerpt from an article in the National Journal on April 15th:

LOSERS

GOP House Candidate Tom MacArthur

When comes to financial disclosures, big numbers don’t always mean big support. New Jersey Republican Tom MacArthur, for example, brought in $2,001,075 in the first quarter—but the first $2 million of that was a personal loan.

Now, it is probably better to be the guy with $2 million in the bank than it is to be his opponent, but the total lack of outside fundraising by the main candidate standing between the controversial Steve Lonegan and the GOP nomination in a vulnerable, open congressional district might raise a red flag or two about his level of support.

The following excerpt appeared in the National Journal on April 14th:

OUR CALL

Hotline editors weigh in on the stories that drive the day

• Tom MacArthur’s first-quarter fundraising announcement underscores his status as a candidate who has plenty of resources but can’t seem to drum up enthusiasm among supporters. MacArthur, who received endorsements from the Burlington and Ocean county Republican Parties, reportedly raised “over $2 million” in the first quarter of 2014, but that includes a $2 million donation from himself. Despite his funds and endorsements, he trailed Steve Lonegan in a Republican primary poll last month. The fundraising announcement only emphasizes the establishment vs. anti-establishment nature of the race for the Republican nomination in New Jersey’s 3rd district. — Jack Fitzpatrick