The Matt Gaetz And Marjorie Taylor Greene Union Was A Financial Disaster For Them

Matt Gaetz and Marjorie Taylor Greene thought that they had lightening in a bottle when they joined forces for a PAC and a tour over the summer. But their recently-released financial forms show that the PAC is essentially dead, and the only person who gave money to it recently was Gaetz himself. Their tour was a flop and they hemorrhaged money every step of the way. Ring of Fire's Farron Cousins explains why these two nuts struggled so badly.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

A new report from the Daily Beast came out this week, showing that the joint political action committee called put America first from Matt Gaetz and Marjorie Taylor Greene has effectively gone bust. They're broke. They're not pulling in any money and in fact, to make it even worse, over the last three months of last year, October, November, December, there was only one donation made to put America first and it actually came from Matt Gaetz's own campaign and it was $18,000. And its believed that this was to cover any outstanding debts that the group still had. So basically put America first, Matt Gaetz and Marjorie Taylor Greene's little PAC baby has nothing. It was a complete and total failure from the start. And here's what happened. Matt Gaetz and Marjorie Taylor Greene of course, last summer, announced they're going on tour.

We're going across the country and we've started this political action committee to raise money and of course help to fund their trip across the country. And what happened every time was sure people would show up and they'd give money, but it was never enough to even cover the cost of whatever rally they were doing. So let's say they go out and they do a rally in California. They pay a hundred thousand dollars to rent a venue, to put everything on, security, all of that, but they only raise $80,000. So it's a net loss of $20,000. Now that's just a obscure example. I'm making those particular numbers up to give you a good feel of what was happening all over the country and that is what happened. They'd go out, they'd raise money, but they'd have to spend even more to raise it. So this, this car was running outta gas before they even pulled outta the gas station because nobody wanted to give these two whackos any money.

Now, of course, Marjorie Taylor Greene did raise quite a bit of money for her actual campaign and every now and then both her and Gaetz, you know, as I mentioned, would have to funnel money back over to the political action committee because they couldn't cover the costs they were incurring. But Marjorie Taylor Greene was still making money with her actual campaign. Gaetz on the other hand, according to these reports, really can't say the same about that. Gaetz was smashing not records, but close to smashing records in the first six months of last year. But it was once that scandal dropped in the second quarter of year or towards the end of the first quarter, I guess, things did slow down a bit. He still, again, raised plenty of money in the second quarter, but then once it started to heat up over the summer, the money started drying up.

He dropped a million dollars last year alone fighting the fallout from that scandal, a million dollars. He now has $1.5 million cash on hand, which for somebody with such a high profile, somebody who toured the country last summer, having only $1.5 million on hand is not a good look. It's not a lot of money. Granted Matt Gaetz typically doesn't do any kind of actual campaigning down here in his district. He doesn't have to run ads. He doesn't have to really do anything at all. So maybe it doesn't hurt him. Maybe it does. He's got some stiff competition in both the Republican primary and on the Democratic side this time. So he may need that money to fight. And unfortunately for him, he's about to go into this campaign cycle with the least amount of money that he has had to date.