Honda reported $964,000 in the bank
through Sept. 30.
Honda raised $412,167 during the third quarter while spending $450,861. He carries $964,638 toward the final two months of the campaign, while carrying no debt. If Honda can continue the moderate spending and still win re-election, his next campaign in two years will have a modest down payment in case Khanna chooses to mount a rematch.
Khanna garnered $323,291 in contributions, but spent $972,139 during the late summer period. Khanna now holds a campaign-low $218,106 in the bank, but also reported $140,980 in debt. Honda’s campaign used the paltry figure, for this race, to declare in a press release late Wednesday night, the Khanna campaign was “broke” and potentially in danger of not being able to meet payroll.
“With less than 20 days to go until Election Day, Ro Khanna is 15 points down and in the position of deciding whether to spend his little remaining cash on his large staff or on continued attacks on Congressman Honda. Our campaign has nearly $1 million in cash, $900,000 more than Khanna, and we are just now starting to spend the majority of our resources when voters are paying the most attention to the election,” said Honda Campaign Manager Doug Greven.
Last Monday, Khanna’s campaign released a poll showing the race tied at 38 percent. Hours later, Honda’s campaign produced their own survey showing their candidate up 15 points, 42-27 percent.
Nonetheless, the campaign finance numbers serve as a snapshot in time. In this case, Khanna’s decision to spend early and often may be akin to an America’s Cup yachtsman tacking too earlier, while the competition stayed patient and waited for a strong breeze.