Loeffler’s ongoing scandal of selling potentially millions of dollars worth of stocks following a private Senate briefing puts Republicans at risk as outside group goes off the air
ATLANTA — After spending Friday refusing to clearly answer questions and dodging local press, unelected Senator Kelly Loeffler is now facing doubts from leaders in her own party after the breaking news that both her and her NYSE chairman husband sold off up to “seven figures worth of stock holdings” following a private Senate briefing.
New reports detail Republican leaders’ fears of “down-ticket damage” from Loeffler while one candidate openly called for her resignation as “picking Loeffler now looks like a major strategic miscalculation for Republicans.” With Loeffler already behind her intraparty opponent in recent polling, even Republican operatives are admitting Loeffler’s new scandal “obviously looks very bad for her” considering “voters tend to be hard on people they see as profiteering from a crisis.” Another GOP operative: Loeffler’s in “a really dangerous place to be.”
Now, Loeffler is facing a dire scenario as a Mitch McConnell-backed super PAC that had previously poured millions into Georgia “lambasting [her opponent Congressman Doug] Collins on television and radio ads” goes off the air — even as that same group’s dark money arm continues to run ads on behalf of vulnerable Republican Senators in other states.
Losing both support from the GOP base and the confidence of her party’s leadership, Loeffler is set to enter a brutal new phase of the “Republican civil war” between her and Collins as the “political mega-donor” gets ready to learn a tough lesson: “Money can’t buy you political love.”
Read more about Loeffler’s ongoing stock sell-off scandal and intraparty woes:
National Journal: Money can’t buy you love in politics
April 9, 2020
April 9, 2020
April 8, 2020