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Peter Jacob

Jacob struggles to raise money

Lance ’16 opponent nearly out of cash

By David Wildstein, April 13 2018 10:04 am

In his bid for a rematch with Rep. Leonard Lance (R-Clinton), Democrat Peter Jacob is nearly out of cash.

Jacob raised just $17,870 in the first quarter of 2018 and has just $26.9k cash-on-hand, according to reports he filed with the Federal Election Commission.  He has raised $103,423 this cycle, including a $10,000 personal loan, but has burned through nearly all of his money.

In 2016, Jacob won 43% of the vote against Lance.  But with Democrats in New Jersey and Washington sensing Lance’s vulnerability, the party appears to have turned to former Assistant U.S. Secretary of State Tom Malinowski has their candidate.  Malinowski has easily beaten Jacob for county Democratic organization endorsements in Union, Somerset, Hunterdon, Warren, Morris and Essex counties.

Another candidate, attorney Goutam Jois, has emerged as the top anti-Malinowski option for Democrats.  Jois has won more votes in the convention process than Jacob, and had raised over $259,000  as of the last reporting period.

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