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Small Business Falling Victim to Election Campaigns

Failed campaigns are leaving vendors across the country with open hands and low expectations.
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It appears candidates are not the only losers in failed presidential campaigns.

The campaign trails of presidential wannabes are littered with small business owners waiting for checks, according to a Politico article.

Small vendors are the casualties when campaigns veer into the red, the site reports, with this year's GOP primary leaving big debts for many of the hopefuls.

Michelle Bachmann’s camp owes $935,000 to vendors; Newt Gingrich's campaign owes $4.85 million; and Rick Santorum owes $1.69 million Politico says, citing recent federal campaign reports.

And it's not just Republicans who are at fault: According to the article, Democrats Bill Clinton, Hillary Clinton, Dennis Kucinich, and Al Sharpton are among the presidential candidates who still owe money to vendors across the country.

Newt Gingrich reportedly owes $2,000 to Tom Kingsbury of Sioux City, Iowa, for helping with a campaign event, but Kingsbury tells Politico he isn’t hopeful about getting paid by the politician any time soon.

“I know it’s never going to come,” says Kingsbury. “They should be more respectful of small business people, because that money to me means something to my employees. It means a Christmas bonus or something.”

 

Last updated: Jul 30, 2012

ABIGAIL TRACY

Abigail Tracy is a staff reporter for Inc. magazine. Previously, she worked for Seattle Metropolitan magazine and Chicago magazine.




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