Stacey Abrams is reportedly $1 million in debt after raising $100 million in a run as Georgia's governor in a blowout loss.
Despite the strong fundraising effort, many of her staff were given a layoff notice just a week after the November election.
She raised more than $100 million and still managed to end up in debt - after losing by 7.5 points!https://t.co/DMCtcEbILy
— Tom Bevan (@TomBevanRCP) December 19, 2022
“People have told me they have no idea how they’re going to pay their rent in January,” one former staffer told Axios. “It was more than unfortunate. It was messed up.”
“We did not just lose, we got blown out,” she said. “It was the most sub-optimal situation to be in. And we will be dealing with that situation for some time.”
Stacey Abrams raised $100M for her failed GA campaign but is $1M in debt? Where all that money went? https://t.co/AnHXHyowIQ
— JAYE DE BLACK 🇺🇲 (@UnofficialJaye) December 19, 2022
"In October, the Abrams-founded Fair Fight PAC launched an internal investigation after Fox News reported that friends and families of its political director had been given cushy jobs with little to no relevant experience," the New York Post reported.
"Days later, Politico reported that the Atlanta law firm employing Abrams’ campaign chief, Allegra Lawrence-Hardy, was paid more than $9 million to fight a legal case claiming voter suppression in the 2018 governor’s race, raising allegations of a conflict of interest," it added.
Report: Stacey Abrams campaign more than $1 million in debt after failed governor's bid https://t.co/Lmc2DydodP
— 11Alive News (@11AliveNews) December 19, 2022
"Aside from Raphael Warnock's runoff victory earlier this month, Democrats lost all other statewide elections," 11 Alive TV reported.
"Public and private polling from both parties never showed Abrams leading the gubernatorial race, the New York Times reports," it added.
The latest reports show that the plan for Abrams to win the role of governor in Georgia was never developed and was largely based on hype.
The loss was an odd one in contrast with Warnock's win, with the leftist senator winning soundly in the runoff against Herschel Walker.
Abrams continues to say she is not done running for public office, but for now, she'll face both major debt and concerns about whether she has what it takes to get elected in her home state as voters have clearly made their choice despite her large haul of cash from out of state help.