We read a blog post last night over at Ogden on Politics that made us shake our heads. Paul was talking about his favorite political topic: burn rates. It is a fun term and makes him feel like an expert. We understand. It is fun to feel smarter than everyone. The problem is that just because you know the term doesn’t mean you really understand it.Fair enough. So I redid the calculations taking out contributions and expenditures made before Councilor Rivera won the seat in caucus on March 2, 2010.
Ogden took City-County Councilor At-Large Angel Rivera to task for burning “through nearly 90% of his campaign funds.” He said Rivera’s report ”reveals that he raised $10,515 in 2010, and spent $9,418, an off-year “burn rate” which is nearly an astonishing 90%.”
Paul doesn’t seem to be aware that Rivera became the at-large councilor when former At-Large Councilor Kent Smith resigned his position last year. Marion County Republicans held a countywide caucus to fill the position last February. Since several candidates were seeking the position and it was a countywide caucus, it is safe to assume that it was necessary to send mailers to precinct committeemen and engage in other activities that cost money. Rivera has only been in office 10 months and we are sure he plans to protect his seat.
What are the new numbers? Rivera raised $3,900 in contributions that were clearly post-caucus. How much did he spend post-caucus? $6,386.55
Folks, that's a burn rate of 164% in an off-year for a candidate going into a highly contested general election year. This guy clearly doesn't know what he's doing.
Hat tip to Washington Street Politics for suggesting I look at the post-caucus numbers.