Former Vice President Mike Pence is starting to face the reality that his campaign for the Republican nomination for president is doomed.
The campaign will announce that it raised $3.3 million in the third quarter, has $1.2 million cash on hand, and is $620,000 in debt, and that includes $150,000 of Pence’s own funds, it will report to campaign finance, NBC News reported.
“Pence’s numbers reveal a campaign under serious strain, operating on completely different financial terrain from that of his rivals, and they raise questions about his ability to continue to compete in the GOP primaries. Racking up debt, in particular, has long been a sign of presidential campaigns in trouble — and potentially on the verge of ending,” the report said.
“The last GOP presidential primary season offers an ominous parallel from this moment eight years ago: Then-Wisconsin Gov. Scott Walker’s campaign reported just under $1 million in the bank and $161,000 in debt at the end of the third quarter of 2015, the equivalent moment in that election cycle. That’s when he dropped out of the race,” it said.
“The next campaign finance report Walker’s suspended campaign filed made it clear how rapidly things could spiral. The report, covering the final three months of 2015, showed his campaign needed to deal with more than $1.2 million in debt. It took Walker a year to raise the money to retire the debt,” it said.
In comparison to other campaigns, Pence is sinking like the Titanic.
The campaign of former President Donald Trump still has $36 million to speed on the primaries, and even dark horse candidates like former United Nations Ambassador Nikki Haley are doing far better than the former vice president.
The Haley campaign has $9.1 million for the primaries, and Florida Gov. Ron DeSantis’ said that it has $5 million.
Meanwhile, in the days leading up to the U.S. Capitol riot on January 6, 2021, then-Vice President Pence made “contemporaneous notes” of conversations he had with then-President Trump, notes that were revealed in August in Special Counsel Jack Smith’s indictment of the former president.
Trump is accused of four federal crimes related to his actions following the 2020 presidential election, as well as unsubstantiated claims that the election was rigged. Pence’s previously unreported notes are used as evidence against Trump, who has been accused of conspiring to defraud the United States, obstructing an official investigation, attempting to obstruct an investigation, and conspiring against rights.