Ex-Governor Sarah Palin's political action committee made a lot of money in 2009 and 2010. According to FOXNews.com, SarahPAC raised about $2.1 million in 2009. Politics Daily sheds some light on the economics of the PAC.
Since its inception, the PAC has raised more than $2.5 million and spent more than $1.6 million. According to filings with the Federal Election Commission, SarahPAC spent $402,460 in the first quarter of 2010.Palin recently used a visual representation of a hit list to 'target' candidates in the 2012 elections. On her Facebook page , she used a bull's-eye on a map to indicate which candidates should be "fired." She claims she meant defeated.
So did Palin financially support Republican candidates in 2009?
The papers filed over the weekend show SarahPAC spent $47,777 on copies of "Going Rogue" during the last 6 months of the year. Meanwhile, she handed out just $43K in donations to candidates seeking federal office.Where did Palin spend her PAC money in 2010? Did SarahPAC donate money to Republicans in the races she targeted?
Although her SarahPAC took in $400,000 in the first quarter and had more than $900,000 in the bank, it gave only $7,500 to candidates between January and the end of March, plus an additional $2,000 to two other PACs. None went to Republicans in the races she targeted.
Instead, she gave to $2,500 to Wisconsin House candidate Sean Duffy, $2,000 to Kentucky Senate candidate Rand Paul, and $1,000 each to Florida House candidate Allen West, Illinois House candidate Adam Kinzinger and Idaho House candidate Vaughan Ward. SarahPAC also donated $1,000 each to Iraq Veterans for Congress and Combat Veterans for Congress, both political action committees.
So what did she spend her money on this year?
Consultants: Almost $243,000 went to consultants, including almost $45,000 to PAC treasurer Timothy Crawford (some of it for expenses), plus $21,500 for legal services. NorthStar Strategies took in $50,000, and Orion Strategies $30,000. Consulting services included media strategy, fundraising, candidate research and grassroots coalitions.
Travel: More than $42,000 went to travel, including more than $7,300 to de-ice private planes. Destinations for Team Palin included New Orleans, Cincinnati, Dallas, Phoenix, Nashville, Salt Lake City and Minneapolis.
Fundraising and postage: The PAC spent more than $31,780 on postage and more than $25,000 on Internet fundraising.
Even photographer Shaelah Craighead (Laura Bush's White House photographer) took in more money than Sarah PAC gave to candidates, earning $11,596 for photography.
What happened to the $100K she was to donate from her appearance at the Tea Party Convention?
SarahPAC's treasurer Tim Crawford said, "We are excited as we feel that we've just begun to tap the governor's support. More than 14,000 everyday men and women contributed more than $2 million to SarahPAC last year with little effort on our part. The money came in through the Internet and a handful of fundraisers and we are grateful for everyone's support."
What's more, there is no evidence that Palin has kept her promise to donate money she earned from a Tea Party convention in Feb. Amid controversies surrounding the National Tea Party Convention, held in Nashville, Palin said she would donate her $100K speaking fee to campaigns, candidates and issues.Palin did not contribute any money to her PAC, according to FEC filings.
As the money trail shows, SarahPAC should be very grateful to the "everyday men and women!" How else would they be able to pay their 'consultants'?