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While he’s not the biggest loser in the 2016 presidential election (that award clearly goes to Jill Stein), Libertarian Presidential Nominee Gary Johnson came in a distant third garnering 3.28% of the vote.
While those numbers sound pathetic, it is the most amount of votes ever earned by a Libertarian Party presidential contender . . . by a long shot.
Johnson’s 2016 campaign shattered the 1% “barrier” for the first time since 1980.
While most losers don’t celebrate losses with the rally cry, “we didn’t lose as big this year!”, that’s pretty much what the message is coming from the ruling body of the Libertarian Party, the Libertarian National Committee (LNC).
Board members of the LNC met in Northern Virginia over the weekend for their quarterly meeting.
The biggest agenda item was not about how to expand their growth on the coat tails of Gary Johnson’s 3.2% “victory” but what to do with the vast amounts of money left over from the campaign season.
Libertarians showered their party with so much money in 2016 that as of the last filing with the Federal Election Commission, the party was left with $374,361 in cash at the end of November.
By comparison, the Republican National Committee ended the election season with $21 million cash on hand.
Libertarians have a cash reserve that is just 1.7% of Republicans primary committee.
Combined across numerous committees, the Republicans are hoarding $43.5 million for future campaigns while Democrats are retaining $26.2 million.
What are the Libertarians cash holdings across all of their committees? That would be $376,279 as their congressional committee is struggling to keep $1,918 in their pocket.
Being fiscally conservative, LNC board members decided to pay down the mortgage on their office by $100,000, but then they showed their social liberalism by blowing some cash on a marketing study.
In between budget discussions, the nerdlings serving as board members for the party spent a good amount of time debating moving a $7,000 expense from one year’s books to another and then moved on to how they would fix their broken web site (that was launched just days before the election . . . and didn’t work to their embarrassment.)
During the two-day meeting, there was no discussion on how to actually win elections and the time discussing Rogue One: A Star Wars Story, was not measured.