| Tom Dudchik over at the Capital Report, is claiming an exclusive with the news that Chris Shays is not going to run for governor .
Why? You guessed it. The money.
"I will not be running for Governor," Shays told Capitol Report. " I would love to be part of the debate. I believe I would win. And I would dearly love to serve and help get our State out of the huge mess it is in. But Betsi and I simply can't make it work financial. After quitting my job to run for Governor and serving four years in office we would be nearly bankrupt, the very problem I would be helping to get the State out of."
Note that Shays didn't say anything about running for Congress in this interview. My hunch is that he's still contemplating jumping into the 4th CD race against Jim Himes, because funds raised for that race can be used to pay off that $243,000 campaign debt he was left with due to the alleged embezzlement by his former campaign manager, Michael Sohn.
After all, he almost said as much last May in the New York Times:
"I gave serious thought to running again to pay this off," said Mr. Shays, who has kept his campaign running in order to raise money.
Money raised for a bid for Governor could not be used to pay off the Congressional campaign debt.But if he runs against Jim Himes for his former seat in the 4th CD, any funds raised for that bid could be used to pay off his outstanding debts. With Russo and Debicella running behind Himes in polls, Shays comes in with instant name recognition.
But on the other hand, in an environment where the voting public are worried about deficits and fiscal responsibility, I'm not sure how you play the "I'm The Guy To Remedy The Nation's Financial Woes" card against a guy who actually understands the way financial derivatives work and is helping to write the legislation to regulate them, when you're constantly talking about how broke you are and your former campaign manager ripped off your campaign to the tune of a quarter of a million dollars without you having a clue.
Just sayin'.
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