Many people are wondering why Rep. Eric Swalwell is even bothering to run for president. He is polling at less than one percent.
Now to make matters worse, it’s coming to light that his financial life is a disaster area.
The Washington Free Beacon reported:
Eric Swalwell Is a Financial Mess
In the six years since Rep. Eric Swalwell (D., Calif.) began earning the big salary that comes with being a member of Congress he has failed to pay down his student loans, cashed out his pension, and accumulated credit card debt.
Swalwell graduated from law school in 2006 and was first elected to Congress in 2012. He spent the years in between as an Alameda County prosecutor and town council member in Dublin, Calif.—which earned him $118,548 in his last full year of work. The 38-year-old congressman began earning even more, $174,000-a-year, when he entered Congress in 2013, but his annual disclosure forms show his financial situation has worsened.
Swalwell has failed to significantly pay down his biggest debt—the $50,001 to $100,000 worth of student loan debt he owed when he first ran for Congress in 2011 still remains at the same level. He has also lost his largest asset—the $15,001 to $50,000 he had invested an Alameda County pension fund when he first ran was cashed out in 2013.
Swalwell in 2016 reported an investment of between $15,001 and $50,000 in a Vanguard retirement account, but he at the same time began to report significant credit card debt.
Swallwell’s campaign is so starved for attention, he’s even trying to get a town hall event on FOX News, but they turned him down.
The Washington Examiner reported:
Cable stalwart Eric Swalwell says Fox rejected town hall with him: ‘We tried for about three weeks’
Rep. Eric Swalwell, the 2020 presidential candidate who has arguably spent the most time on cable news shows, said Fox News turned him down for a town hall on the network.
“I would absolutely do a Fox town hall,” the California Democrat told CNN on Wednesday. “But they told us we can’t have one, which is a little bit confusing to us because they have given them to people who are polling at the same place as us.”
“I can only conclude that they are afraid to give me the opportunity,” he said.
There’s a certain irony to Swalwell coming up short in his bid for a Fox town hall. First elected in 2012, Swalwell has been an unstinting critic of President Trump’s dealings with Russia during the 2016 campaign and in the White House, frequently making his case on Fox, MSNBC, and CNN.
It sounds like Swalwell has some bigger issues to deal with before trying to run for president.