Last year, Dan Lederman claimed that his Rushmore PAC had scored a great victory for conservatism by backing an Aberdeen City Council member in a one-person race. Now it turns out Lederman’s $1,000 investment was mostly wasted—after serving less than a year of her new term, Councillor Laure Swanson is resigning:
The city’s conflict-of-interest policy has a $5,000 limit on the amount of business that can be conducted between the city and a business owned by members of the City Council. Bids must be sought for work once this limit is reached.
Swanson said this policy limits the amount of business Swanson Electric can do with the city, and she felt it was simply time to step down.
“I enjoyed working with the city,” Swanson said [Elisa Sand, “Swanson Resigns Seat on Aberdeen City Council,” Aberdeen American News, 2016.06.14].
Rushmore PAC didn’t get much conservatism out of those last eleven months: during Swanson’s service, Aberdeen has pursued a progressive agenda that includes spending big money on a new library, intervening in the free market with 26 tax increment financing districts, and rejecting the conservative effort to undermine the minimum wage.
Between throwing his PAC money at short-lived progressive candidates and paying his bail bondsmen so little they have to moonlight as PIs for the payday lending industry, I’m starting to wonder if Lederman has trouble managing his money for optimum return.