Eyman says he’s “hitting the big panic button”

Eye on Money: Developments

Apparently unable to convince either corporate lobbyists or Michael Dunmire to pony up the cash needed to pay off the $250,000 loan he took out against his house to help finance I-1053, Tim Eyman is shaking his electronic tin cup harder than ever, pleading with his supporters to help pay off the debt so he can move forward with his next scheme. In a message sent out this morning, Eyman says:

I haven’t been showing it, but I’m seriously concerned. We are raising funds for the next 2/3’s initiative and to pay off my 2nd mortgage loan (when donations weren’t coming in fast enough to pay the bills for last year’s I-1053 signature drive, I loaned the campaign $250,000 that got I-1053 over the finish line). I said to myself “it’s either this or we fail” and decided that I-1053 was just too important to fall short. So I jumped off that steep cliff hoping and praying that our supporters — all of you — would catch me this year. We have spent the last month highlighting some bad anti-1053 bills, asking you to email legislators, and helping with some local initiatives. But thus far, we’ve not hit the big panic button on this top priority.


Eyman claims he has only managed to pay off $12,000 of the $250,000 loan, leaving him with $238,000 in debt. “[I]magine how scary that is for the Eyman family,” he says later in the message.

Wait a second… Tim Eyman is asking for sympathy? Now that’s rich!

Considering the way he treats others (belittling elected leaders, demonizing public servants, and attempting to undermine the public’s trust in government), he’s the last person in the state who is deserving of anyone’s sympathy.

Eyman created his own financial crisis by using his house as collateral to secure funds for his 2010 initiative. He took a risk and now he’s going to have to deal with the consequences. Given how little money he raised independently last year (more than 80% of the money for I-1053 came from corporations) we’re guessing the loan won’t be paid off until Eyman hooks up with a new sugar daddy… or an old one.

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