
Maybe someone can tell me how nearly $400,000 in unitemized petty cash expenses can be explained as anything but good, old-fashioned dirty machine politics. I can't think of a business that can get away with that kind of fast and loose accounting, unless you want to count Heritage Foundation interns losing billions of dollars on behalf of Joe's permanent war in Iraq.
The explanations given by the Lieberman campaign as to where this money went are laughable -- they claim that all that slush fund cash was used to pay for salaries, food, lodging and transport of LieberYouth during the campaign. But all of those expenses were itemized in the FEC report (PDF).
From the New Haven Register:
Lieberman spokeswoman Tammy Sun said she wasn’t with the campaign at the time of the primary, but her understanding is that there was a staffer in charge of keeping track of petty cash.
She said the money was used to cover salaries, food, lodging and transportation for hundreds who were hired to do statewide canvassing. The daily rates ranged from $60 to $75 to $100 for the work, Sun said. She said she would attempt to find the petty cash report by Monday.
So the person they send to address the question is unable to answer it because she wasn't there at the time and she's stalling furiously. Nothing fishy there, right?
Mark Pazniokas of the Hartford Courant:
At least 10 payments labeled "petty cash" for "volunteers" are listed in Lieberman's campaign finance report, which was made public last week by the Federal Election Commission. The largest payment of $135,000 was made Aug. 4. Other cash payments in the days before the primary included $75,000 on Aug. 7 and $87,500 on Aug. 2.
Tammy Sun, a spokeswoman for the Lieberman campaign, said the money was used for payments to young field workers hired in the closing weeks of the primary. She said they were paid $50, $75 or $100 a day.
Does someone want to explain in what universe you "pay" volunteers?
That's one out of every twelve dollars spent during the entire reporting period with no documentation, no explanation, just a lot of non-credible ex-post-facto excuses. I think no-show Joe has some 'splaining to do.
Update: Stoller:
This could be a serious legal situation for Lieberman, and he needs to explain it and not just go on the attack. Vote-buying is illegal.
There were plenty of rumors of vote buying during the primary. As Matt says, if that's not true Lieberman needs to provide some credible, verifiable explanation for where this money went.
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Jane! I was hoping you would do an article on this!!!
Does someone want to explain in what universe you “pay” volunteers?
In the DINO/Rethug universe, of course!
punaise @ 3
correction: off whoring votes
Dagnabbit, those credit card companies promised they’d bury this if I voted for them.
Joe “Mastercard” Lieberloser
Why, Jane…I’m shocked that you would even think to bring up Holy Joe and the Generally Accepted Halliburton Accounting Methods (GAHAM). It’s what all the Kool Kidz use these days!
Hey Hey
Ho Ho
Holy Joe has Got to Go!
Fitz
Rootz
and JUSTICE, DAMN IT!!!!!!!!!!
http://nedlamont.com/blog/1894/petty-cash
There are other entries at the Lamontblog- including a visual of part of the report- great- $135,000 for “STIPENED VOLUNTEERS”. Oh, it wasn’t a STIPEND, it was for STIPE NED… which of course is entirely different. Can’t wait to hear the explanation… just hopes the case gets pursued hard ASAP…
Stephen Parrish is ready to help us w this analysis. I don’t know if you have an email for him.
I have some math/accounting and management analysis stuff and would be happy to help with the gory details.
This guy is so going DOWN.
We especially need our fdl lawyers here. Imm? Mary? Scarecrow? Anne? Everyone?
let’s see, since we suspect it was used for less than ethical purposes, but you know they are never going to cop to it, would it be considered a “republican tactic” if we just started stating that since they can’t account for how the money was spent, then someone on the campaign, maybe even joe himself, obviously must have embezzled it. i know it’s not true, but how can they defend themselves against the charges without having to fess up to the real crime.
Sorry, forgot to add this from link http://nedlamont.com/blog/1894/petty-cash
~~~That’s ONE HUNDRED AND THIRTY-FIVE THOUSAND!!! DOLLARS.
From Adam B.
A political committee may maintain a petty cash fund out of which it may make expenditures not in excess of $100 to any person per purchase or transaction. If a petty cash fund is maintained, it shall be the duty of the treasurer of the political committee to keep and maintain a written journal of all disbursements. This written journal shall include the name and address of every person to whom any disbursement is made, as well as the date, amount, and purpose of such disbursement. In addition, if any disbursement is made for a candidate, the journal shall include the name of that candidate and the office (including State and Congressional district) sought by such candidate.
11 CFR 102.11.
Can’t wait to see what the written journal says… ~~~
OT - 60 Minutes had an excellent segment on Nancy Pelosi
On impeachment, it’s off the table, period.
“Wouldn’t they just love it, if we came in and our record as Democrats coming forth in 12 years, is to talk about George Bush and Dick Cheney? This election is about them. This is a referendum on them. Making them lame ducks is good enough for me.”
http://www.cbsnews.com/stories.....1089.shtml
Smart move ; )
Where do you all think it went?
Kiddos. Lamont will win.
Important to include was it Valley Girl? who said that if you pay significant money to volunteers then they aren’t volunteers, they are paid employees.
He had to PAY people from OUT OF STATE because he had so pitifully few volunteers. Aw.
Let’s get the detailed financial and legal analysis going and nail this bastard to the wall.
Peacefully yours,
———-egregious
p.s. I left 7 or 8 comments at the end of the pre-Coulter thread. Ideas coming while most fdl people are discussing something which cannot be interrupted…AAAAAAAHHHHHHH
egregious @ 8
egregious- I saw your shout-out to Stephen Parrish CPA earlier, but I couldn’t find his response. What did he say?
the race is fluid. if this “liquid assets” problem sends Joe into a spiral down the drain - as well it should - credit (or cash) for Joe’s new theme song is due to Tom Petty:
It’s not in the Courant or the Register is it? Just the Boston Globe? And the Globe doesn’t ask a lot of questions.
Time to spotlight it into CT.
Everyone is too afraid of Joe, the guy who could change the Senate numbers any time he wants.
But he will anyway!
Does someone want to explain in what universe you “pay” volunteers?
Redefine “volunteer” (or “torture”, or, for that matter, anything else).
“When I use a word,” Humpty Dumpty said, in a rather scornful tone, “it means just what I choose it to mean - neither more nor less.”
“The question is,” said Alice, “whether you can make words mean so many different things.”
“The question is,” said Humpty Dumpty, “which is to be master, that’s all.”
Valley Girl - I sent you an e-mail this afternoon. If you haven’t already done so, please check what you call your temporary e-mail address.
Valley Girl @
10
Yep — any journalist who isn’t asking to see this journal isn’t doing their job.
egregious @ 8
“Leftovers”? Always. Ya’ll come.
Jane - does WTF stand for where’s the fund? :)
IOKIYAJ
MayDaze @ 18
mission accomplished
healthy forests
no child left behind
slam-dunk
heck of a job
homeland security
Party of Lincoln
What could Joe be buying?….Votes Hmm isn’t that what the GOP is so afraid the Dems are doing but its ok when Joe does it. Lamount should go after this hard sure he can wait for an investigation after the election which would accomplish nothing because by then Joe would have won. Or he can attack claim Joe is probably buying votes and Note that Joe’s campaign was asked what did they did with the money. They don’t know so either Joe is incompetent or a crook, Personly I don’t think Joe is incompetent enough to loose that much cash so he must be Crooked. I love Either/ Or arguments where both choices are bad. And unlike bush with his FALSE strawman arguments this attack feels ethical and Righteous!
egregious- I didn’t say it- I went duh-oh, after reading CTBob’s post, which has another visual from the report.
http://ctbob.blogspot.com/2006.....y-you.html
CTBob: “And somebody please tell me just how in hell do you PAY VOLUNTEERS? Either they VOLUNTEER, or they’re PAID STAFFERS! By definition, you can’t PAY a frickin’ VOLUNTEER!”
Happy Anniversary Pach! Hope you both had a wonderful and relaxing holiday!
I’d download that PDF file but it’s way big - can anyone tell me its size in bytes? (1882 pages, and I know that at least one is header letter and at least one is mailing page!)
Jane - I found this Norwalk Advocate/Associated Press story by way of Raw Story and hope it might add to what has already been mentioned: http://www.norwalkadvocate.com/news/local/state/hc
-22182244.apds.m0802.bc-ct–connoct22,0,3635476.story?track=rss
Time to waterboard the Lieberstaff and get to the bottom of the corruption pile.
Also, looks like things are still fluid.
NH congressional seat 2 looks to be in full play now.
“The latest independent poll has startling news for six-term Republican U.S. Rep. Charles Bass: He’s trailing Democratic rival Paul Hodes.
Hodes led Bass 48 percent to 39 percent with the other 13 percent undecided in the Becker Institute Inc. poll taken Oct. 6-8.”
This was one of the down tier races that many expected to be a pretty easy shoo-in for incumbent Charlie Bass(R-Our Town).
-GSD
If Ed*ard Teller is writing us about tightening races in blood red Alaska the only October Surprise that will work is martial law.
NH’s Democratic Gove John Lynch was ahead 70% to 19% against R Coburn in the latest poll. Lynch has firepower to help his fellow Dems now.
kirk murphy @ 24
Humpty would be proud…
Oh, but that was the primary campaign, and we’re engaged in a positive general election campaign now, and none of the people who worked on the primary campaign are here anymore, and we can’t find the records.
This is the same lame excuse the Bremer Coalition Provisional Authority used to wriggle out from under the Claims Acts suits that went against them — we weren’t the federal government, so you can’t hold us accountable like you would the federal government.
RGJoe’s gotta answer for this — it’s eight frickin’ percent of the money he spent in the period, for pete’s sake. Maybe Alan Schlessinger will ask during tomorrow’s debate. Does anybody know who’s asking the questions and should be spotlighted with this post? Is it just little Georgie Steph?
So what are the chances some Fox News talking head accuses “Democrats” of electoral fraud re: this issue?
“…after all, Lieberman was running as a Democrat in the primary…see, all Democrats are bad, evil, crooked, they’re just like us!”
Then a call comes in from Rove…ooops, sorry ’bout that, see, Lieberman WAS a Dem, and that’s when he was a crook, but now he’s, ummmm, he’s, well, we aren’t really sure, but now he’s a good guy, and wouldn’t EVER do anything like that anymore…let’s just investigate this after the election, mmmmkay?
Abe Lincoln was a Progressive.
Lieberman rides a donkey:
http://i86.photobucket.com/alb.....erman3.jpg
Mark Foley=PD file?
-GSD
GSD @ 30
Maybe for the next donation drive we can highlight some of the newly competitive races?
I am looking at “Geronomo: An American Legend” for the umpteenth time. This was a man. A man who belongs to the ages.
An attempt to summarize my comments made during the Coulter [en]counter. Little medical joke.
1. Fahrender asks who to support. I say Charlie Brown because our own Nate quit his job and left Hawaii to move to help. Also Kissell, Laesch, Benson, Walz.
2. Our fdl BlueAmerica is within
$178$54 of another Had Enough campaign: fork it over.3. Donation is for surprise Marcy’s book. Thermometer fever! Yay!
4. We eastern Cherokees want you to give back the entire southeast U.S. except Fla. No hard feelings. Excited about Charles Frazier’s book Thirteen Moons on eastern band. After his Cold Mountain we are eagerly awaiting the next book.
5. Rat bastahd’s analysis of whom to give to:
(a) Progressives
(b) Close by=baby on YOUR doorstep
(c) Oust evil ones
6. ADHD daughter, married one, and I constantly interrupt each other because otherwise we will forget the brilliant flash and carry on w normal confusion. BTW front page NYT article on family struggling w child w several kinds of mental issues, we are MOST sympathetic. Will try to grab linky for ya.
7. George Allen in yesterday’s Wapo says his view of Iraq is different from the President (snl).
Why does George Allen hate America?
8. Some things cannot be abbrev:
My eastern band ancestor was named Anna, at least after she married a white man named Elisha Wright. This was probably not her original Cherokee name but who knows? She was born in NC but I know very little else about her life. I saw the “treaty” that gave cash to a small number of traitors that turned over all eastern Cherokee lands to the government, and the PETITION, signed by thousands of Cherokees who were LITERATE who opposed this egregious action. In the Amerindian museum, DC.
Duke S @ 35
LOL
MayDaze @ 37
Bass is running the nauseating “Independant” commercials now….yack…..Yep 89% of your votes with the Chimpster and you are an independant Chuck.
Filet Bass.
-GSD
The Concord Moniter endorses Hodes.
Stephen Parrish, CPA @
19
Done! I just sent you a response, with my non-temporary address.
All that I know is what I’ve read on the Lamont Blog- http://www.nedlamont.com/blog and in the comments there.
There seem to be no details about how the petty cash was disbursed, or to whom. Problem is, as Jane points out, is that most of the things that might be rightfully claimed under “petty cash” have already been enumerated in other parts of the report (non-petty cash). That’s my understanding anyway.
If you had 200 campaign workers that reported every day for 3 weeks, and you paid them each $100 per day, you would have spent $420,000 (200 x 21 x 100).
Suppose it was 300 workers and you paid them $50 a day for the same three weeks. That totals $315,000 (300 x 21 x 50).
Suppose it was 250 workers for 2 weeks at $100 a day: $350,000 (250 x 14 x 100).
Suppose it was 250 workers for 2 weeks, and 100 of them got $100 a day and 150 got $50 a day. That equals (100 x 14 x 100) plus (150 x 14 x 50): $245,000.
It doesn’t seem that difficult to spend what seems like a lot of cash, in a very short time. And I don’t even know how many field workers there were.
I am sad.
AP - Jane Wyatt, the lovely, serene actress who for six years on “Father Knows Best” was one of TV’s favorite moms, has died, said her publicist. She was 96.
Anyone who knows any CPA’s in CT, this is probably a good time to ask them to donate time to Ned. My guess is that Joe’s cooked the books in other ways too.
Stephen Parrish, CPA @
19
p.s. Stephen- forgot to add the question- any perspective on the legal implications? Looks like at least CFR 102.11. was violated (IANAL)
Uncle Joe from PettyCash Junction:
Anne- this was supposedly for “volunteers” not paid staff.
egregious, here’s my response to your slew of comments at the end of the Face the Snark post:
Go egregious! I know about those flashes of insight followed by…Duh, what was I saying. :)
“rat–While it is never imo too late for an October surprise, even in November, and even after the elections during the multiplicity of recounts and contested elections, I do have to say I like your analysis.”
Thanks. When I refer to an “October surprise” I am thinking of some huge event/catalyst, pre-election, that causes people to vote differently then they would have. Otherwise, YES I agree there is still plenty of time to steal the election, it’s a legitimate fear. Read the latest from Palast: http://www.commondreams.org/views06/1021 -25.htm
Take care of yourself!
It’s not impossible. The municipal archaeology bureau in Nijmegen, The Netherlands often pays a per diem “survival” stipend to American student volunteers to work on their excavations, for example. That is, however, a totally different ball of wax from Lieberman’s “paid volunteers” claim.
Saw this info re: slush fund reported earlier today at DailyKos, am VERY happy to see this picked up here.
There’s more than one tack to take with this, the first being possible illegal activity.
The second tack that should be taken may be much more effective with Republicans — the kind who don’t think the law applies to them and can buy their way out of a jam. If this is the way Joe accounts for money, do you really want to entrust your tax dollars to him?
The third tack could be more successful with a broader spectrum of voters, both burned investors and folks struggling to make ends meet. Joe’s kind of creative accounting is the same as Enron accounting; do you really want that in the Senate, or are you ready to vote for a guy who knows how to keep clean books?
Boy, I sure hope Joe spends the next 2 weeks trying to unspin this in the public eye.
GSD–Ed*ard Teller is writing us about tightening races in blood red Alaska the only October Surprise that will work is martial law.
Alaska is ENTIRELY POSSIBLE:
ET and I [who don’t know each other btw] think there could be an earthquake in Alaska and have been pouring funds and energy into helping Diane Benson defeat dinosaur incumbent Don Young (R-Forced Abortions).
Alaska just had elections and progressive candidates won BIG in areas formerly ceded to the far right wing. This is OUR YEAR. Make it happen.
Help Diane Benson defeat the CHAIRMAN OF THE COMMITTEE that allowed Marianas forced labor/forced abortions at chez egregious on ActBlue.
That she is female, and a fellow Native American, is icing on the cake.
This should fix the broken link in my 5:26 pm comment: http://www.norwalkadvocate.com.....?track=rss
Carnegie Mellon University Petty Cash Policy
Policy Statement
Bold is mine.
Bank on this, someone in Lieberman4Lieberman knows exactly where all of that $400,000. In addition, someone has written records somewhere. The documents might not contain 100% detail, but a lot of people in Joe’s campaign know something.
Hugh @
23
Hugh, you can be stunningly brilliant and then you hack up something like this.
Ah, thought of another tack that could hammer on the kind of folks who work in the insurance industry — like in Hartford.
Most businesses understand the need for regular, systematic auditing. Why doesn’t Joe?
ember @
27
Thanks! We had a great weekend at a B&B by the beach.
Rayne- linky please? Also, there is more than a passing connection with Enron- Allbaugh?
Valley Girl @ 48
I know what a volunteer is.
From the AP article quoted above:
Tammy Sun may be full of crap, and an examination of the books should answer that question; I was extrapolating from what the campaign itself is saying the money was for.
Oklahoma kiddo @ 44
Spock’s mother, too. But what I liked her in so much was Lost Horizon
Valley Girl @ 46
Since I’m not a lawyer, I will defer to one of the attorneys (any of the FDl regulars here who are attorneys) who can offer a legal opinion about CFR 102.11, which I will read another time.
Pach, Happy Anniversary!
egregious @ 61
Thanks - I’m a very fortunate man. Lucky.
Oh, and I said this last eve- a guy standing next to me at the Lamont Primary victory party said that he had confronted some Lieberman “volunteers” (can’t remember town) who were also handing out literature- and they admitted that they were paid $160 a day to do that- and I remember that that $160 amt. was floating around as speculation before that at FDL. Funny thing was, they were putting the Joe literature in the trash, bec. they couldn’t give it away.
Hugh - my bad - i jumped to conclusions - you meant Joe.
Slush Fund Joe, say it aint so.
-GSD
VG — no linky, only framing.
Wish I had something concrete that linked Enron & Joe, but no.
The concept is simple, really: Enron did a lot of “off-the-books” accounting, where the actual nitty-gritty of the transactions or the lack thereof was not reported in such a fashion that financial industry analysts and external auditors could see there was no real, legitimate transaction to support the bookkeeping.
So far, in the absence of more specific details, Joe is doing the same thing. The public via the FEC is supposed to take at face value that the “petty cash” isn’t allocated to actual vote buying, since there is no other detailed reporting with any granularity.
Until he ponies up the names and EIN’s of the stipend recipients, Joe’s got an Enron-like reporting problem. And many financial folks with no background in election law will grok this.
Per Stephen Parrish, CPA
PART 102—REGISTRATION, ORGANIZATION, AND RECORDKEEPING BY POLITICAL COMMITTEES (2 U.S.C. 433)
CFR102.11 Petty cash fund (2 U.S.C. 432(h)(2)).
Bold is mine.
Jane,
Just finished using SPOTLIGHT to educate all the political reporters and editorial editors of CT regional print and broadcast media about this underreported story.
Thanks for the opportunity. It felt good adding my own little “editorial” at the beginning.
Anne- can you clarify? The entries say “stipend volunteers”. My assumption was that volunteers are unpaid. Is there actually some allowable amount that “volunteers” can be given, such that they are still volunteers, and not paid staff?
Rayne- I meant the dKos post.
LindaR @ 60
“Lost Horizon”, God I love that movie. When I was a much younger kiddo, I had a major crush on Wyatt.
John Casper #68 — Ah!! there’s another BOLD in there, depending on whether we can get supporting info backing up Valley Girl’s #64.
If “volunteers” were each receiving a stipend of $160 per day, that was a violation, too, in excess of the $100 per transaction under CFR102.11.
Better get digging, Joe!! Where are those damned receipts and/or the journal??
Rayne @ 73
Rayne- alas, my report is only anecdotal, and I didn’t get the name of the guy standing next to me, and I doubt that he got the names of the “volunteers” anyway. But, it stuck in memory bec. that figure was being tossed around prior to primary. Also alas, I can’t imagine any $160 a day Joe volunteer coming forward with a signed statement!
He is just practicing to be Bush’s Secretary of Defense — just add zeros and dispense.
Rayne, I could easily be wrong, but I read it differently. AFAIK, the entire
slush fund, petty cash fund cannot exceed $100.Also, I suspect in other areas of the CFR, it forbids payment of “contractors” via petty cash. I would assume State and Federal laws require traceability. How does Joe know he was not paying
parish the thoughtillegal immigrants? I strongly suspect, you have to get someones Social Security number before you disperse campaign funds to them forvoting for youproviding a reimbursable service.Valley Girl — here it is; was posted last evening, but I didn’t catch it until this morning.
CT-SEN: Lieberman funded by “White House Donor Network”
Here’s the tricky part, and I know it’s tricky because we’ve had conversations this very evening about this subject (how do different donors and campaigns pay the stipends, etc.): did any of the White House Donor Network pay stipends directly — perhaps donations-in-kind?
These are the tough ones to track on the other side of the aisle; we need to watch for any signs that individual donors or their businesses also paid stipends or “hired” people in CT. Just because we see this one slush fund doesn’t mean there isn’t more going on at the same time, and it’s SO damned easy to do. Really. Really. Easy.
Robert Paehlke @
75
Okay THAT is quote of the day.
Stephen Parrish, CPA @
29
Valley Girl @ 69
I volunteered to be an election judge in my county for the primary and general elections. They are paying me $275 for my time. That payment does not make me an employee of the Board of Elections; if anything, I suppose I will be considered an independent contractor.
I do not know the ins and outs of making payments to campaign “volunteers;” all I was doing was showing that based on the numbers, it would not be difficult to spend into 6 figures if the campaign was handing out $100 and $50 a day to these people.
If the $100 per person limit in petty cash disbursements holds no matter how many days the “worker” “works,” there’s no way to make the numbers add up if they are alleging the daily payments all came out of a petty cash account.
Jacqrat @
69
Nice one. And thanks, John Casper. I’ll do a new post with that quote and requests for spotlight.
I think every journalist should be asking to see this diary come Monday morning.
John Casper @ 5:48 pm -
A petty cash fund should be used for small incidental expenditures approved by someone authorized to approve petty cash expenditures, supported by invoices and/or petty cash vouchers or other documentation.
As I peruse excerpts from various news stories, I’m wondering whether these expenditures were actually paid from a petty cash fund. The amounts paid suggest otherwise.
As John correctly mentions above, there should be written records (invoices, expense reports, and so on) accounting for all money that was spent. All disbursements, whether paid by cash, check, or by some other means, should appear in a cash disbursements journal, and if a more than adequate system of internal control is in place, I would expect to see not only the cash disbursements journal I mentioned (and possibly a purchase journal), but also a paper trail capable of explaining and justifying the expenditures appearing in those journals.
John Casper @ 76
not in excess of $100 to any person per purchase or transaction- So, no, $100 is not the limit on petty cash. Lamont’s report was for $500 petty cash.
Valley Girl #74 — heh. Think like a Republican for a moment. Yes, I know, very, VERY painful, but I’ll bet the folks who can be bought for $160 for spot work can be enticed to cooperate if they had the prospects of gainful long-term employment because they were such honest, civic-minded citizens.
I’ll leave it at that. ;-)
egregious,
I read that article, here’s the link:
Living With Love, Chaos and Haley
When I was in CT in August, volunteering on the Lamont campaign, I saw Lieberman people passing out hundred dollar bills to people who would promise to pass out Lieberliar material. My guess is they threw away the campaign material and quickly spent the $100.00.
The staffers had a pile of the hundred dollar bills.
Can we get a blogger to ask Slush Fund Joe if he would take a Sec. Def. job and leave his Senate seat at the mercy of a Republican Governor to appoint a replacement?
Also, interesting news from Pravda. Under Bill Clinton the US estimated 100 billion US dollars spent and 100,000 U.S dead, on top of half a million dead South Koreans in the defense of South Korea.
Not a boffo set of numbers.
Pravda link.
-GSD
Stephen Parrish #82 — ah, but you’ve described the bookkeeping for a legitimate operation with legitimate records.
;-)
I’d also expect to find a database that indicates whether someone volunteered for a campaign, and the nature of the work performed — or at least I expect that we’ll be entering that kind of information in our state party database.
Does CT Dem Party use VAN? did Joe’s team keep track before the primary?
Lieberman and this illegal money business. Sadly it has become the ‘American way’. And Lieberman is not the only one. Not by a long shot.
Anne @ 80
Thanks for the clarification Anne- certainly no problem imagining spending that much cash according to your calculations originally. What stumped me was the “volunteer” part of it. Maybe what constitutes a paid “volunteer” is specific to the situation- arrrgggg….
Petty cash is a hundred bucks, not $400k. It’s for paper clips, a box of copy paper before you can order it from the warehouse, staples, rubber bands and the occassional container of glue.
That’s petty cash.
$400k is hedge fund.
Rayne- btw- I thought your framing of the three points was great. I will pass this on to my contact at the Lamont campaign.
Joe’s probably does not think he needs to answer questions about paid volunteers because of the laws shielding parent companies from the acts of their independent contractors. (I think this is the law that applies). As a former employee of a contractor and day laborer I know that if I did anything wrong I and my independent contracter boss would be sued but not the parent company. However as far as taxes were concerned the parent company (if big enough to get the IRS’s attention) WILL FIRE AN INDEPENDENT CONTRACTER I do believe because then THEY are liable for the taxes if they don’t. Joe once he is aware that there is a problem either has to fix it SOON or fire whoever is running his volunteer program, I assume that organization is his POLITICAL CAMPAIGN.
karen allen @ 86
hmmm.. maybe you should contact some on the CT media with that info…
Valley, I don’t think we disagree.
I think what Ned means is that his petty cash for the same period was $500.
As I understand it, the money in petty cash cannot exceed $100 at any given time. Once you go through the first $100, you replenish it with another $100 dispersal. It sounds as though Ned’s campaign had to do that five times. That’s the kind of petty cash fund I’m familiar with.
Since the money is uninsured, no one
unless they were cheating their ass off like Joe is, would wants large amounts in petty cash. No one leaves cash around. People steal it and you can’t earn interest on it. I would be very interested to see the balances in the account that fed Joe’s $400,000 petty cash fund. The dates and amounts of the dispersals would help us estimate the size ofthe slush fundJoe’s petty cash at a given time. There’s a reason it’s called petty cash.Valley Girl @
94
Sounds like Lieberman has been channeling L. Paul Bremer.
-GSD