The LNC has submitted an amended FEC filing for the period October 17 to November 25, 2024.
The Amendments are quite large. One might imagine that the FEC will take at least slight notice of the changes. The cash on hand at the end of the period fell by 90% between the original and the amended reports.
Debts and obligations are now reported to be $57,320, but the cash on hand is only $36,597, i.e., the LNC appears to be around twenty grand in the hole.
In more detail, giving the first report and then the amended report:
Cash on hand at Beginning of Reporting Period was $90795 and as amended is $92295
Total Receipts were originally $452,215 and as amended are $773,648
Total Disbursements were originally reported to be $110,492 and as amended are $829,346
Cash on Hand at Close of Reporting Period was originally reported to be $432,518 and is now reported to be $36,597.
Debts and Obligations Owed TO the Committee were originally reported to be $65,334 and are now reported to be $0.
Debts and Obligations Owed BY the Committee were originally reported to be $80,098 and are now reported to be $57,320.
Campaigns cannot spend money they do not have. Or at least they can’t legally.
How many months will the FEC allow a party to continue to spend money it does not have?
Obligations are not debts. e.g. the hotel bill.
LNC 2020 vs 2024
2020 LP post election FEC report (amended)
Cash: $164,779
Debt: $9,278
155,501
2024 LP post election FEC report (amended)
Cash: $36598
Debt: $57320
-20,722
Dues paying membership when up from the Jo Jorgensen campaign The Chase Oliver campaign failed to increase dues paying membership.
Most people who jojn a political party do so because of a candidate, usually for President, not because of a political party’s committee.
This year is probably the first presidential campaign year in LP history where dues paying membership numbers went down from the previous year instead of going up.
I
lol. Membership is not down because of Chase. Membership has tanked since the takeover. It’s because of Angela.
Pay attention.
Andy the membership has looked like a Colorado ski slope starting in 2021 and had lost over 1/3rd of the memebership before Chase became the candidate. I suppose all of thise people had crystal balls telling them the future? Or is the Moses Caucus just going to ignore all the mistakes they made along the way that tanked the party. And don’t forget this convention had less than 1k delegates, this was the direct result of two complete years if Mises controling the LNC and most state party’s. You sound as risiculus as progressives saying Hariss lost because no one will vote for a black woman, Angela and her ilk dod this, they should own it and resign immediatley.
“The Chase Oliver campaign failed to increase dues paying membership.”
But why would a person who liked Chase Oliver as a candidate give money to the LNC which was actively sabotaging his campaign? It’s difficult enough for them even to give money Chase’s campaign, in light of him being sabotaged by his own party. The sabotage harmed both membership and the campaign.
It is not the job of the LP presidential candidate to get people to pay dues to the LNC. It is the job of the LNC to convert supporters for the Presidential candidate to dues paying members.
Given the back stabbing animosity the Chair and the LNC displayed towards our candidate getting Chase supporters to become dues paying members would be increadibly difficult.
George, I think it is worse than that. Is the encumbrance for the Vest suit part of cash on hand? Or is it somewhere else? They have not encumbered anything for Harlos suit yet. I believe there likely are several more suits coming. The blue sky pretend treasurer Yaniscavitch promised evaporated.
The entire Meesus contingent needs to resign. Keep Darr, Harlos, Nanna, Redpath and their alternates. Johnson should move up. Rutherford should be invited back. Redpath should be promoted to Chair if another treasurer can be found.
I think there may be cause for piercing corporate veil at least to get to McAddled.
These frivolous lawsuits filed by Vest, Harlos, etc are to intentionally bankrupt the party then falsely blame Mises. That’s clear as day.
If Vest’s lawsuit was frivolous, the LNC should have pointed it out in their MTD. The MC chose to bankrupt the party itself, looting it for their own benefit.
Sure. Since you obviously read them (and zero dollars have been paid so far that I can tell) what is so obviously frivolous? I’m not an expert but I am sure you know more than lawyers and Judges. Meesus already tanked the party. No one needed to help.
George has any money been actually spent on either of these yet?
Please link to the FEC report
https://www.fec.gov/data/committee/C00255695/?tab=filings However, they are now back up.
Whoa. That’s good that they raised even more money than first indicated! This is the first post election report Aug-Sept-Oct-Nov.
Total receipts since the National Convention is $5.1 million which is more than 10 time raised by the Chase Oliver campaign $475K over the same period.
That is mostly money that Kennedy raised, not money that the LNC raised. For the year so far, they also spent more than they had money coming in.
This doesn’t really reflect what you wrote at all. It came in & left via groups supporting outside candidates, aka they acted as a pass through.
The fact that it was more than their own candidate raised isn’t great or clever. It’s a huge red flag for a potential dereliction of duty on the part of leadership. They are merely stewards, not owners. Similar to a CEO to a corporation.
I’d also be surprised if the FEC didn’t notice said red flag.
I don’t know why I’m responding to this. I’m an idiot to respond to this. This is obvious bait, and I’m taking it.
The Republicans and Democrats, including Trump and RFK Jr, literally spent over $10M to try to nuke Chase.
The LNC, including McArdle, worked tirelessly against Chase. Many of the so-called libertarians, like Joshua Smith, have already publicly bounced into being Republicans.
When McArdle came in, the party was in an excellent financial state.
Chase Oliver is not a libertarian and violated the statement of principles. The nomination process wasn’t handled properly including false delegates. Angela should have taken more control.
That shows a lack of understanding of libertarian principles, I may disagree with Oliver on some things but his opposition position are atill set in taking power from the state and putting it more in the hands of individuals. If you think Trump or RFK Jr are more libertarian I would love to hear the case.
Hi Bob. What was the violation?
lol. There was nothing not libertarian about Chase’s platform.
Chase didn’t have a separate platform aside from the LP platform. What was non-libertarian about his 2A views? About his views on parental rights? On mask mandates?
Supporting sex changes and puberty blockers on children is not libertarian. It harms the child.
Mask and vaccine mandates are not libertarian. Censoring speech is not libertarian.
Chase Oliver supports all of this. If I looked deeper I’m sure there is more.
This doesn’t even account for his constant praising of Obama, who isn’t even close to libertarian.
Just remembered Chase Oliver also supports Black Lives Matter which openly pushes for Marxism. Certainly not libertarian.
And membership was almost 2x what it is now.
And the other shoe drops…
All of the talk about the incredible amount of money that they’re going to raise because of Kennedy. Where did it go?
For someone who left the party, you seem to be obsessed with Angela McArdle. Why?
Obsessed? No.
But I still have a lot of friends who are active in the libertarian party, and I am concerned over how their donations and their efforts are wasted, along with their reputations that are smeared by being associated with people like the national chair.
And when you see a crime being committed, the ethical thing to do is to try to stop it. I can’t stop the crime, but I can point out which direction the criminal headed. She went that way…
Angela is a failure in everything she has done since becoming chair. The LP is teetering in the brink of collapse because of her incompetence. She is a grifter. Membership and donations are at all time lows. She did more to help RFK, who is not a libertarian, than her own candidate.
Here’s my reason: We need many strong viable third parties in order to create a legitimate multi-party system. 50%+ of eligible or registered voters – who voted NOTA every election by sitting out – want other choices. The other 50% who do vote have said overwhelmingly that they are voting for the lessor of 2 evils vs. voting for someone they actually trust or believe in.
Our 2 party system is broken. People want more choices. When the largest of the 3rd parties is literally imploding & is infested with corruption & self-dealing – that injures all 3rd parties by association. If you are still in the LP then do your part by forcing the changes needed – join or help fund the derivative lawsuits. Replace poor leadership at all levels, etc. Fix your house.
For others – there are better more functional options – like the Liberal Party USA. Check out our values & platform here: https://www.liberalpartyusa.org/
There are lots of reasons people don’t vote. For some of them additional parties could bring them out, but for many of us that wouldn’t change anything.
The Liberal Party is left wing. We have enough of them as it is. Pass.