From Deseret News archives:
Big $$ in 3rd District GOP race
A successful water and land developer, Jacob says he will now pump between $100,000 and $300,000 maybe even more into his race over the next four weeks, promising to "spend what is needed to get myself known, my message out. But I will still be frugal."
His radio ads and perhaps some TV ads as well will start running after Memorial Day, Jacob said, as the primary race heats up in the final four weeks.
Jacob said up through the convention he contributed around $335,000 of his own funds to his campaign. His campaign spent upwards of $300,000.
At $635,000, Jacob's personal spending through the primary election would become one of the largest donations to a U.S. House race in Utah although other wealthy candidates have spent much more on statewide races, such as governor and U.S. Senate.
And Cannon, also a millionaire, may have to start giving heavily to his primary race, as well.
"Yes, I could, and probably would," Cannon said.
Monday, Cannon's chief of staff, Joe Hunter, said, "If the day comes there is not enough money in the campaign account to do what we need to do, he can put up personal funds. That day has not arrived. We are raising money very rapidly."
In his first run at the 3rd District in 1996, Cannon spent $1.5 million of his own money unseating then-Democratic Rep. Bill Orton.
But since then Cannon's wealth has constantly dwindled, with personal finance statements filed with the U.S. House showing he could have lost as much as $20 million in unwise investments since first taking office. Outside of the public reports, which only show ranges of assets and debts, Cannon has consistently declined to give exact accountings of his personal assets.
House filings earlier this month show Cannon's wealth at between $2.1 million and $7.5 million, not including his personal house and cars.
Comments
- Police frustrated with duo 5:00 p.m.
- Witness: Mitchell wanted attention 4:59 p.m.
- UDOT closes East Canyon Highway 4:58 p.m.
- Water year off to dry start 4:50 p.m.
- 2 arrested in Roy double slaying 4:09 p.m.
- Bountiful art center seeks drawings 4:07 p.m.
- Oil settles above $78 3:50 p.m.
- Woods settles his lawsuit 3:47 p.m.
- Charles Gibson to retire 3:46 p.m.
- Bishop Burton: These are good times 3:38 p.m.
- 2 citations issued at Y.-U. game
- BYU says Hall incident resolved
- Max Hall: a fixture in rivalry lore
- 'Grandfamilies' a growing trend
- Mitchell called intelligent, controlling
- Witness: Mitchell wanted attention
- MWC '09 season in review
- Hall reprimanded by MWC
- Jazz win 6th in 7 games
- Daughter: Mitchell fed me my pet
- Hall mouths off about hate of Utah
900 - Cougars beat Utes in overtime
482 - Hall reprimanded by MWC
399 - Max Hall issues apology
386 - Hall's pain reflects self-betrayal
342 - Utes won't respond to Hall
272 - BYU says Hall incident resolved
216 - 2 citations issued at Y.-U. game
148 - BYU is champion of the state
142 - Cave to be sealed with body inside
122
My husband was teaching his 6th-grade class in Salt Lake last year when...
To: Anonymous | 3:38 p.m. Dec. 1, 2009 [I admire those churches and people...
To much of one and not enough of another, will try this coach and fans...
Why can't we find Congressman Chaffetz speech on this subject found on page...
C'mon Pagan. Read your own posts, at least. I'll admit Glenn encouraged...
Sounds like he's going to run against Matheson after all, then? @Now: I...
@To "Christy | 3:01 p.m." Be proactive and do your own google search....
Remember Rose is scared to take his Cougars to the Specturm...aka the dump....
General Motors does make good cars and trucks. They did have some bad years -...
To:to -- @re-12:11 | 12:51 p.m | 2:42 p.m. Dec. 1, 2009 doesn't matter...
Terrific Jeter, we are so happy for you. You make us proud!


You can be the first to comment on this story.