Ryan’s fundraising stunningly bad
Embarrassing low, poor and anemic are just a few words to describe U.S. Rep. Tim Ryan’s presidential campaign fundraising total for the third quarter.
I thought it was going to be difficult for Ryan, D-Howland, to do worse than he did during the second quarter when he raised $889,398.86. It was the lowest amount among any of the 20 candidates who made the stage during the first two Democratic presidential debates in June and July. It was also less than two candidates who didn’t qualify for the debates.
When his latest report was released Tuesday, the amount raised was stunningly bad.
Ryan’s campaign raised only $425,731.01 between July and September. That’s less than half of what he collected in the second quarter.
It put him in 17th place among the remaining Democratic presidential candidates. Only former U.S. Rep. Joe Sestak of Pennsylvania raised less in the third quarter than Ryan with $374,195.61, and he’s rarely included when polling is done for Democratic presidential candidates. To make matters worse for Ryan, he raised only about $50,000 more than Sestak.
Even a couple candidates who’ve quit the 2020 presidential race raised more than Ryan during the third quarter.
Washington Gov. Jay Inslee, who left his campaign Aug. 22, raised $1,614,471.23, and U.S. Sen. Kirsten Gillibrand of New York, who withdrew Aug. 28, raised $1,020.093.87 during the third quarter.
Also, those polling at or below 1 percent nationally, like Ryan, did exceedingly better than he did in the third quarter.
Author Marianne Williamson raised $3,054,167.08; Julian Castro, a former secretary of U.S. Housing and Urban Development, raised $3,497,251; Montana Gov. Steve Bullock raised $2,294,449.06; and U.S. Sen. Michael Bennet of Colorado raised $2,195,097.72.
In other words, Ryan is not even close to being financially competitive with those in the race, including those — like him — who were excluded from the September and October debates because of low polling numbers and donors, and won’t qualify for the November one, or future ones for that matter.
Ryan recently told me that he has the money to remain in the race until at least the end of February. During that month, the early-state primaries and caucuses are held in Iowa, New Hampshire, Nevada and South Carolina.
Ryan also said, before the financial numbers were released: “We’re going to grow the campaign. We’re starting to get people today who weren’t calling me back a month ago. They’re reading the tea leaves, and (ex-Vice President Joe) Biden is starting to struggle.”
Ryan better hope those people are willing to give him boatloads of cash for his campaign.
As of Sept. 30, Ryan’s campaign had only $158,348.92 cash on hand with outstanding debts of $28,225.21.
He’s said he has enough money to keep his campaign running, but it’s hard to see that.
Another point is Ryan criticized other candidates for spending more money than they raised during a particular quarter, something referred to as burn rate.
This is what he told me a couple of weeks ago: “We have a very lean operation, and we’re getting calls from people to help us. The strategy is to stay in the game. Gillibrand had a huge staff and blew through money, and she’s out. We’ll have enough money to run the campaign.”
Interestingly, The New York Times examined the third-quarter burn rate of the remaining candidates in the race for the Democratic presidential nomination.
U.S. Sen. Amy Klobuchar of Minnesota was first with 162.1 percent.
Guess who was No. 2 at 150.8 percent?
If you guessed Ryan, you win a cookie. Just don’t ask Ryan’s campaign to pay for said cookie as money is very tight.