Mitt Romney clone Mike McFadden announced his fundraising numbers for the second quarter of 2013, his first since announcing. He pulled in a respectable $700,000.
It's very important that new candidates have good first quarters, but especially when they're members of the 1%. If he can raise enough to intimidate other Republican candidates, he might be able to lock up the MNGOP endorsement with ease.
And this would be good for Sen. Al Franken.
Like Romney, McFadden is a vulture capitalist who makes money squeezing/destroying companies. His company, Lazard, bought consulted on the Chapter 11 restructuring of a Duluth company and laid off thousands. so he could sell the company for a profit.
Republican U.S. Senate candidate Mike McFadden reports his campaign has raised more than $700,000 in its first month as he attempts to unseat one-term DFLer Al Franken. McFadden’s campaign did not respond to requests for information about how much cash it had available as of June 30.
The announcement comes ahead of a July 15 Federal Election Commission deadline for campaigns to announce their fundraising. McFadden’s fundraising haul in one month is much stronger than last year’s GOP Senate candidate, former state Rep. Kurt Bills. That campaign only raised $953,000 in all of 2012 for Bills’ ill-fated run against U.S. Sen. Amy Klobuchar, which ended with Klobuchar’s 35-point victory over Bills.
McFadden is the co-CEO of Lazard Middle Market, a financial services firm. According to a campaign spokesman, McFadden and his wife contributed $10,400 to the campaign, the maximum permitted under law. The pair could also legally make a loan to the campaign but have not done so.
(MPR)
RomneyMcFadden won't be an utter failure like Mister Bills, but I think a Franken vs. Romney-clone campaign would guarantee reelection for Franken.