Monday, April 25, 2011

Where Is All That Money Coming From

We took the liberty of borrowing an excellent comment from the Eye on Lake County (www.lakecountyeye.blogspot.com)


Walsh's Chief of Staff (Justin Roth), was a political hack and lobbyist for the Insurance and Bank lobby for many years. On January 5, 2011, Walsh started out as the poorest member of Congress - but has now raised almost $400,000 in the 1st Quarter of 2011. I wonder if Walsh ever explained any of this to his Tea Party followers in The Great Awakening, Barrington Tea Party, Palatine Tea Party, Northern Illinois Patriots, or the 9-12 Patriots. I'm guessing Walsh never mentioned it to his followers. Now you know why Justin Roth is Walsh's Chief of Staff.

Walsh's District Director (David Carlin), is another political hack. He already had at least one big political paycheck in DuPage County - and his connections to Pat Brady and Kirk Dillard made him valuable to Walsh. The Illinois Republican Party (IRP) Insiders think they now have instant credibility with all those Tea Party supporters through Walsh. Nothing could be further from the truth because the Tea Party Leaders are in the dark about the deal Walsh has cut with the IRP. Now you know why David Carlin is Walsh's District Director.

By the way, Walsh lent $28,500 - (supposedly his own money) to his campaign in 2010. You can verify this by looking at the FEC (Federal Election Commission) filings. So how did Walsh do that? Where did all that cash come from?

Walsh is broke. He wasn't even paying his bills. Walsh lost his expensive Evanston Condominium to Foreclosure just a year earlier. His highest ever income was once $35,000 for a single year. Walsh also has a few kids attending some very expensive Universities. So who's paying for that? Where is all this money coming from? Be prepared for more money stories from this clown.

One last item, if you look at any of his FEC filings, you will see what cash was raised, what bills were paid, and how much debt was still outstanding at the end of each Quarter. But if you flowchart the Walsh cash flow, it doesn't add up.

At the end of 2010, Walsh claimed he still had almost $400,000 in debts. And for the 1st Quarter of 2011, he raised almost $400,000 and spent about $100,000 including paying himself back on some personal loans to the campaign, but he also decided to skip out on almost all of the $400,000 in debt he had at the end of 2010. He is now disputing almost all of it.

Here is the website to look up the FEC reports yourself:

http://images.nictusa.com/cgi-bin/fecimg/?C00473579

8 comments:

Anonymous said...

No fan of Joe Walsh here but what is the point about how much money he has raised? Is this any different from any other congressman/woman now or in the past? Repub or Dem?

This blog just keeps putting up issues that are snoozers.

Geeze I don't like the guy either (and I'm a conservative), but some of this stuff you put up is just false chicanery.

You are trying way too hard. Stick to the pertinent facts or you just become part of the entire problem in public service.

No Tea Please said...

That is the issue. Joe claims he is not that person, but he actions say otherwise.

Anonymous said...

To anon, at what point are financials not pertinent facts? Do you think someone who got well less than the majority of the vote (he is only in because of a split between a Democrat and a Green) is raising a ton of money from the 8th?

And yes, he is different than other Congress"people" from the past. Other Congressman and women didn't come into office deeply in debt with a recent home foreclosure. It's bad enough they get money thrown at them when they DON'T need it.

Perhaps you can share what you consider pertinent and what you don't like about Walsh yourself.

Anonymous said...

IL 8th Congressional Victory Committee at 264 N. Lumpkin St #202, Athens, GA?

Is this someone's condo? It's for sale apparently.

LC Truth said...

Anon 3:02....thanks for stopping by. While all of us are entitled to our opinions. This is one place where comments are not censured. If you are a Walsh fan, stop on by and defend the Congressman's actions. If not, stop on by and tell us why you don't support him.

Fact is, people are stopping on by. Since our creation just a few short weeks ago, we have taken over 5,000 hits.

Anonymous said...

There's more coming about this guy.

I just found out that there are several years of his driving record that are now sealed. I never knew that was even possible.

And another thing, his ex-wife sent him a demand letter - (legal talk for "you owe me money and I'm going to sue you if you don't pay"). Those divorce records have also been sealed. Is this unreal?

And regarding David Carlin being hired as Walsh's 8th District Director, the word in the party is that the Illinois Republican Party (IRP) gets regular reports on what Walsh is up to (from Carlin). In other words, he's a babysitter and a spy. He's not a Tea Party guy or a supporter, and judging at how bad the communication is within the District office, he's not much of an administrator either. In return, Walsh accepted the promise of money to help paydown the $400,000.00 in debts and legal bills that piled up at the end of his campaign. Now you know the rest of the sage over Walsh's District office.

By the way, has anybody learned anything about how Walsh lent his campaign $28,500? For the disbelieving Tea Party faithful, you can verify this by looking at the FEC (Federal Election Commission) filings. So how did Walsh do that? Where did all that cash come from?

Walsh is still broke. Walsh lost his expensive Evanston Condominium to Foreclosure just a year earlier. He once made over $35,000 in a single year and his kids attend some very expensive Universities. So who's paying for that? Where is all this money coming from?

I think Walsh will land in jail before all this is over.

Here's how to find the FEC filings:

http://images.nictusa.com/cgi-bin/fecimg/?C00473579


Sinceley,
Insider Lake GOP

Anonymous said...

It amazes me the level of his delusional abilities with math. It also amazes me how few turned out to vote. More people in district 8 who did vote, did not vote for bankrupt commando joe, yet he thinks his speaks for all. Since he started, every article in the local paper when there is a story with joe in it, it is about him and not about how little he is doing for the district. At this point so far, he has done nothing, gets paid 600 dollars a day from the taxpayers that he is trying to take programs away from. He does not have the ability to even understand what the role of a representative is.
Look at his expense account. 6 grand at restaurants to raise even more money, yet he does nothing.

We (the we's that are not wanting to be included in joe's idea of "we") need to be able to file civil claims against his delusional assumption that he is doing the right thing.
The amount of money he pays himself back in travel expense is a crime with today's technology.

Those who voted for him I feel are the living proof our educations system has been broken a long, long time. You do not get behind a guy to manage, when he can not manage himself. That is just plain stupid and in district 8, we have a lot of stupid people.

Anonymous said...

Stick to the pertinent facts..

Joe should, but his idea of pertinent facts is driving home the ability to do nothing. He cries spending, we have 300 million people, job value dropped to the floor, yet we the people have to pay him 174k plus expenses out the wazoo on top of everything else, like to off the book wars.
He votes against the EPA, which is saying to the people he "represents", it will be fine for companies to start dumping more crap in our water systems that needs real attention from our representative.
He is no help for any minority in district 8, most are legal by the way.

To anyone who voted for him, why? Would you let him manage your finances? If not, why vote him in a position way over his head?

Had he not been elected, where would he get his health insurance? Would he have to take his family through the E.R. like those he chooses to ignore?