The latest FEC filing for The Lincoln Project is in, revealing the anti-Trump group took in a $39,384,397 in the 3rd quarter while somehow spending over $37 million with operating expenses alone (!!!) of $13 million:
The Lincoln Project convinced Democratic donors to part with $39,384,397 in Q3. It burned a staggering $13 million on operating expenditures, made $23.9M of IEs (mostly routed into its founders firms), and ended with $13.2M on hand. https://t.co/wvOXUYp7ed
— Rob Pyers (@rpyers) October 14, 2020
Dark money is good if it’s a Dem group, of course:
Among @ProjectLincoln‘s Q3 donors, $300,000 from liberal dark money group Sixteen Thirty Fundhttps://t.co/eCuUO03SeF
— Rob Pyers (@rpyers) October 14, 2020
The biggest beneficiaries of the cash haul appear to be the founders of The Lincoln Project itself:
Catering to #Resist donors has been a lucrative reversal of fortune for the Lincoln Project’s founders. Reed Galen’s Summit Strategic was paid $18.8M in Q3, Ron Steslow’s TUSK Digital got $8.7M, Kurt Bardella’s Endeavor Strategy got $153K pic.twitter.com/CgODomvaql
— Rob Pyers (@rpyers) October 14, 2020
That’s a lot of lodging reimbursement:
Nice work if you can get it. Lincoln Project founder Reed Galen’s Summit Strategic logged $129,668 in expenditures for lodging reimbursement in August. pic.twitter.com/lzcsD9yWS8
— Rob Pyers (@rpyers) October 14, 2020
So, what the f*** did donors actually get for all this loot?
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