S.C. Sen. Lee Bright has only $49,000 cash on hand in his bid to unseat U.S. Sen. Lindsey Graham (RINO-S.C.)

Not only that, Bright spent more than he raised in the most recent fundraising quarter – a terrible sign as well as cause for minor controversy seeing as he recently listed his campaign consultant as one of his business partners.

Which raises all sorts of ethical questions …

Anyway, Bright took in only $52,237 during the quarter running from October to December of last year – but spent $76,678.

So yeah … it sounds like he’s running his campaign about as well as he ran his businesses. Which is to say into the ground …

By contrast, Graham raised a whopping $1.3 million – and has $7.6 million in the bank. Scary, scary numbers.

Bright’s paltry fundraising total not only pales in comparison to Graham’s – it pales in comparison to the numbers put up by the other GOP candidates in this race.

Lowcountry businesswoman Nancy Mace raised $256,333 during the fourth quarter and had $241,200 to spend on the race as of December 31.  Upstate businessman (and former congressional candidate) Richard Cash raised $76,156 and has $255,432 on hand. Orangeburg, S.C. attorney and Afghan War veteran Bill Connor reported raising $253,796 with $223,563 on hand, although he donated $210,000 of that total to himself.

Cash has also donated more than $200,000 to his own campaign, although he made this contribution during a prior quarter.

It’s safe to say that of the four challengers, Bright’s campaign against Graham has generated the most buzz within the Palmetto State’s Tea Party community – although that movement is clearly a shadow of its former self. And it clearly isn’t coming off the dime to help him financially.

So where does that leave Bright?

A whole lotta nowhere …

We love Bright’s voting record in the South Carolina Senate – and have said so repeatedly. But given his inability to advocate on the bread and butter fiscal issues this race will (or at least should) revolve around, he’s simply not a credible candidate for the U.S. Senate.