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Ex-candidate Pawlenty’s campaign is deep in debt

Although he’s no longer in the race, the presidential campaign of former Minnesota Gov. Tim Pawlenty disclosed that it’s still mired deep in debt this week.

The debts reported on the campaign’s quarterly disclosure officially sit at $453,841, with the quarter closing at the end of September. The candidate, who ran on a platform of fiscal conservatism as a “Sam’s Club Republican,” has only a little more than $20,000 cash on hand. Much of Pawlenty’s debt was accrued by political and financial consultants like Marriott Group and St. Paul’s Roosevelt Group.

The campaign also owes Sarah Huckabee, daughter of former presidential candidate Mike Huckabee, $1,651 for travel. Other notable expenditures include almost $5,000 to former campaign manager Nick Ayers for travel and $1,730 for equipment rental to Koch Brothers Inc. in Iowa City, whose owners have heavily invested in GOP campaigns.

There was earlier speculation that Pawlenty, who has endorsed Mitt Romney for president, would receive financial help from Romney, who is the top GOP fundraiser. It’s not uncommon for candidates to pay off their campaign debts for years.

Pawlenty has recently said that he regrets dropping out so early, citing money as a factor. Former House Speaker Newt Gingrich has yet to drop out of the race despite a more than $1 million debt.

On the bright side, Pawlenty got a job. He’s been appointed to serve on the board of RedPrairie Corporation, according to a news release posted on Business Wire.

The privately-held company is based in Georgia. It works with other companies across a number of industries to make transportation, workforce management and product inventory more efficient. The press release cites Pawlenty’s financial experience managing Minnesota’s budget.

“Tim’s combination of experience in the public and private sectors makes him an exceptional addition to RedPrairie’s Board of Directors,” said RedPrairie CEO and fellow board member Mike Mayoras. “Tim and RedPrairie share a track-record of strong financial performance, a passion for innovation, and commitment to advancing the interests of those we serve.”

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