I had a theory about why Bill Foster was running for Congress again, this time in the newly redistricted IL-11. It had to do with the fact that his terminal financial disclosure statement from his stint in IL-14 showed that he’s sold out of ETC (the company owned jointly with others, including his brother who ran the business) and his wealth at that time seemed to be locked up in a promissory note, in combination with the fact that his campaign essentially owed him a million dollars – i.e. he was a million in debt. To himself.

My theory was influenced as well by persistent rumors I heard at the time of Foster’s last campaign against Hultgren, that he was rather bored in Congress, would like to return to physics, etc, etc. Not rumors I had ever passed along as, so far as I could tell, they came from no one very close to him and seemed speculative at best. But I heard them frequently enough that I was surprised to hear he was interested enough in being in Congress to decide to run in IL-11. And then there is the lack of any staff as of his first new FEC filing of this campaign – not even a professional fundraiser.

So my theory was simple: Foster had decided to run to raise enough cash to pay himself back that million dollar loan to his campaign fund, and if he won, okay, but if he lost, well that would be okay too. Now I think that theory is simply wrong.
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