RFK Jr.’s Campaign Is Suddenly Very Short on Cash
Robert F. Kennedy Jr.’s presidential campaign is in financial trouble. The campaign is spending more money than it is bringing in, according to Federal Election Commission filings. It has $3.9 million in cash on hand, but is nearly $3.5 million in debt. In July, the campaign spent over $7 million while raising only $5.6 million, almost half of which came from RFK Jr.’s running mate Nicole Shanahan, a Silicon Valley lawyer and investor. The campaign’s spending remained high despite a cutback on events, according to Politico. Kennedy has not appeared at any public events since the beginning of July, instead sporadically showing up on podcasts and at conferences. Much of the campaign’s funds have gone towards ballot access, Facebook and Google ads, and a security firm run by a longtime associate. Even with the help of a partnership with the Libertarian Party, the campaign’s fundraising, despite a slight uptick, hasn’t kept up with spending. The fact that Kennedy seems to be relying on Shanahan’s money more than outside donations suggests that he’s not bringing in a lot of new fans, either.Kennedy seems to be aware of his diminishing fortunes. Last month, the independent candidate spoke with Donald Trump about getting a White House job in exchange for dropping out of the race and endorsing the convicted felon. Kennedy also reached out to the Kamala Harris campaign with a similar proposition, only to be rebuffed, probably because he might actually help her by staying in the race. RFK Jr.’s campaign was in trouble even before President Biden stepped aside, with Kennedy failing to qualify for the first presidential debate. There were also a series of damaging revelations, from reports of a worm in his brain to the news that he dumped a bear carcass in Central Park to allegations of sexual assault. With diminished polling, all of this begs the question of what the point of Kennedy’s campaign actually is.
Robert F. Kennedy Jr.’s presidential campaign is in financial trouble.
The campaign is spending more money than it is bringing in, according to Federal Election Commission filings. It has $3.9 million in cash on hand, but is nearly $3.5 million in debt. In July, the campaign spent over $7 million while raising only $5.6 million, almost half of which came from RFK Jr.’s running mate Nicole Shanahan, a Silicon Valley lawyer and investor.
The campaign’s spending remained high despite a cutback on events, according to Politico. Kennedy has not appeared at any public events since the beginning of July, instead sporadically showing up on podcasts and at conferences. Much of the campaign’s funds have gone towards ballot access, Facebook and Google ads, and a security firm run by a longtime associate.
Even with the help of a partnership with the Libertarian Party, the campaign’s fundraising, despite a slight uptick, hasn’t kept up with spending. The fact that Kennedy seems to be relying on Shanahan’s money more than outside donations suggests that he’s not bringing in a lot of new fans, either.
Kennedy seems to be aware of his diminishing fortunes. Last month, the independent candidate spoke with Donald Trump about getting a White House job in exchange for dropping out of the race and endorsing the convicted felon. Kennedy also reached out to the Kamala Harris campaign with a similar proposition, only to be rebuffed, probably because he might actually help her by staying in the race.
RFK Jr.’s campaign was in trouble even before President Biden stepped aside, with Kennedy failing to qualify for the first presidential debate. There were also a series of damaging revelations, from reports of a worm in his brain to the news that he dumped a bear carcass in Central Park to allegations of sexual assault. With diminished polling, all of this begs the question of what the point of Kennedy’s campaign actually is.
