Posts tagged ‘Steny Hoyer’

IL-11: Foster’s Financials

by , posted on Monday, July 18th, 2011 at 7:30 am

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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IL-14: The Losing Strategy

by , posted on Sunday, February 3rd, 2008 at 8:53 pm

Originally posted at Fireside 14, Prairie State Blue, Open Left and MyDD.

What happens in Podunk shouldn’t stay there.  Or at least if it does, the Democratic Party Establishment, the corporate wing of the Democratic Party, the Blue Dogs among us, will have won one more unrecorded battle against those of us who want real change.

What’s happening most immediately in the IL-14 corner of Podunk (a term I use here to describe anything not directly inside the DC Beltway) is a primary and a special primary on Tuesday, between the DC insider “pick” for our district, an attorney who is a relative newcomer to both politics and our area, and John Laesch, the nominee against Denny Hastert last time out, and the only progressive in the race.

At this point, I’d call it a significant bellwether for the upcoming Congressional elections that virtually no one outside of IL-14 is paying much attention to in the glare of the presidential race, as well as a bellwether event in the battle for control of the party.  So while I don’t expect this diary to get much attention, I want to leave a record of what has happened in this primary.  Bellwethers, however unobserved at the time, sometimes have a way of becoming useful history for those who follow.  

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