Former New Jersey Governor Chris Christie is making waves in the GOP presidential campaign with his thrifty approach and impressive financial advantage.
As the race intensifies, Christie’s campaign has announced that they have no debt and a substantial $3.9 million cash on hand.
This financial stability sets him apart from some of his rivals, allowing him to focus on his strategy for the upcoming New Hampshire primary.
Christie’s campaign has adopted a lean and efficient approach, with a small team of approximately 15 individuals who often take on multiple roles.
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This streamlined operation enables them to keep expenses low while maximizing productivity. Notably, the campaign does not have a physical headquarters, with staff members working remotely or on the road, primarily in New Hampshire.
Despite the absence of a traditional campaign headquarters, Christie’s team has successfully managed to navigate the challenges of a modern political campaign.
They have refrained from spending money on television advertisements or internal polling, relying instead on earned media and conducting hundreds of interviews.
This strategy not only saves costs but also enables Christie to connect directly with voters and shape public perception through his own words.
Christie’s fundraising efforts have been commendable, allowing him to reinforce his financial advantage. In the third quarter, he raised $3.8 million, with $2.3 million of that amount contributing to his cash on hand. Importantly, all of this money is designated for the primary campaign, ensuring that Christie has the necessary resources to compete effectively in the upcoming New Hampshire primary.
It is worth noting that Christie’s rivals, such as Florida Governor Ron DeSantis and former Vice President Mike Pence, have raised money that can only be used in the general election.
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This distinction positions Christie favorably, as his funds are specifically allocated for the primary campaign, where he has staked his candidacy.
While Christie’s total cash on hand does not include any funds held by his affiliated super PAC, it is evident that his campaign is financially well-positioned for the upcoming challenges.
Christie’s campaign is highly confident that he will qualify for the third presidential debate in November, according to Axios.
The campaign spokesperson told the outlet that their cash on hand and low burn rate exemplify their dedication to running a well-funded and sustainable campaign. Qualifying for the debate is crucial for Christie to gain further exposure and solidify his position in the race.
While Christie’s financial advantage is notable, he still faces competition from rivals with larger war chests. Former President Donald Trump reported having $37.5 million cash on hand entering October, showcasing his financial dominance.
Additionally, former South Carolina Governor Nikki Haley’s team declared $9.1 million, and DeSantis’ campaign stated they have $5 million at their disposal.
DeSantis also benefits from a well-funded super PAC that handles many campaign operations, further enhancing his financial resources.
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However, when comparing Christie’s financial standing to that of former Vice President Mike Pence, the former New Jersey governor emerges as the stronger contender. Pence is burdened with over $600,000 in debt and potentially has less than $1 million cash on hand for the primary campaign.
Christie’s current campaign benefits from the lessons learned during his previous presidential bid in 2016. Back then, his cash on hand at the end of the third quarter in 2015 stood at just $1.4 million, a significantly lower amount compared to his current financial stability.
The experience gained from his earlier campaign has allowed Christie and his team to be more prudent with their campaign funds, maximizing their impact and ensuring a stronger financial position this time around.
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