Show me the $$$$$$
Wednesday, January 28, 2009 at 07:16AM According to Politico and other published reports, the human ATM Terry McAuliffe plans to raise $80 million for his Virginia Gubernatorial bid.
I don't doubt that the Cash-man can raise that type of dough. But it does raise an interesting question: how will political fundraising fare during a deep recession.
I'm actually going to do some research and write a longer piece, but try this on for size: New York state in 2010 will have three statewide elections: Governor Patterson, Senator Schumer, and Senator Gillibrand. I'm not totally sure, but I think it's the first time all three seats will be up at the same time (thanks to the special election for Hillary's old seat).
That's a LOT of fundraising for one election cycle. And that also includes all the Congressional races, too. Patterson and Gillibrand are going to need to raise ungodly sums of loot just to stave off potential primary challenges and compete in a stiff general election races Schumer is a fund raising machine, and will likely get a free pass from Republicans in the general, but Patterson and Gillibrand will not.
It will be a very interesting fundraising cycle over the next 18 months; lets see what type of money is out there, and who gets it. More to come ...
Reader Comments (4)
It will be fascinating to see how much money liberal Democrats will give to these election campaigns in order to advance their agendas instead of just giving it the poor, whom they claim to be so concerned about.
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