February 26, 2004
HOWARD DEAN, FISCAL CONSERVATIVE:
One-time presidential candidate Howard Dean, whose campaign fund went from boom to bust, is pleading with donors to open their pocketbooks one more time and help him retire at least $400,000 in debt. . . .
The candidate was so confident the money would continue to flow that he became the first Democrat to skip public financing and rely solely on his own fund-raising ability to finance his campaign.
That confidence also carried through to his spending decisions. Flush with money, the campaign aired expensive ads early on and established a costly nationwide ground game. By the end of 2003 — before the primary contests even started — Dean had spent nearly every dollar he had taken in.
Hmm. Maybe the primary system actually works.