July 20, 2010 01:26 AM UTC

Joe Barton, Meet Poetic Justice

•  
• by: Colorado Pols

Remember Republican Rep. Joe Barton, who famously apologized to BP because the mean ‘ol government wants the oil company to pay for its own oil spill?

Well, perhaps Barton should ask BP to apologize to him. Personally.

As MoneyLine reports, Barton’s campaign warchest is more than $150k lighter thanks to bad investments. Perhaps it wasn’t such a good idea to try to earn interest on your campaign funds through investments in British Petroleum:

Rep. Joe Barton lost more than $154,000 on investments of his campaign funds during the last three months, according to a CQ MoneyLine study of campaign finance reports. The Texas Republican’s campaign fund losses are due in part to drops in energy company stocks, including BP. [Pols emphasis]

Turbulence in the financial markets has taken its toll on several House campaigns, which lost in total more than a quarter of a million dollars in campaign funds since March because they invested in the stock market, but Barton’s losses make up the largest chunk of that.

Barton saw his bottom line fall in part because of losses in broad-based funds that invested in companies linked to the recent Gulf Coast oil spill.