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AL-02: For Republicans, It Helps To Be Rich

by: mooncat

Tue May 27, 2008 at 01:49:58 AM CDT

There's a massive redistribution of wealth going on in the Wiregrass region of Alabama. Dollars are flowing from Republican candidates to anyone and everyone who sells election-related goods and services. Last week I speculated that GOP candidates would drop a couple of million dollars in Alabama's 2nd District before they got to the general election. With additional pre-primary financial reports available now, it's clear they will spend well over $2 million before they even get to the runoff. It must be nice to have money to burn.

The numbers below reflect information from the candidates' pre-primary FEC reports, due 5/22. N/A means they didn't file or the report isn't available online yet.  Remember, the job they're seeking only(!?) pays $169,300 per year.

AL-02 Republicans
Candidate $$ Raised 4/1-5/14/08 Total $$ Raised $$ From Self/Loans Total $$ Spent Cash on Hand
David Grimes N/A N/A N/A N/A N/A
Jay Love 133,018 567,166 349,000* 426,085 141,081
John Martin N/A N/A N/A N/A N/A
Craig Schmidtke 307,927 582,005 527,855 574,750 11,466
Harri Anne Smith 190,853 459,627 142,000 298,523 161,103
David Woods 34,188 385,970 250,000 237,057 148,912
Total for All Candidates 665,986 1,994,768 1,268,855 1,536,415 462,562


* Jay Love has loaned his campaign another $151,000 since this report was filed, bringing his total to a cool half million dollars.

No doubt about it, if you're running as a Republican in 2008, it helps to be rich. A whopping 63% of the money raised so far by these Republicans came out of their own pockets -- that's serious hubris.

Here's the fundraising picture on the Democratic side of the primary:

AL-02 Democrats
Candidate $$ Raised 4/1-5/14/08 Total $$ Raised $$ From Self/Loans Total $$ Spent Cash on Hand
Bobby Bright 157,661 212,161 0 61,459 150,702
Cendie Crawley N/A N/A N/A N/A N/A
Cheryl Sabel N/A N/A N/A N/A N/A
Total for All Candidates 157,661 212,161 0 61,459 150,702


If you eliminate vanity money -- the $1.27 million from their own pockets -- the four Republicans above have raised an average of $181,478 each from outside sources. In other words, about $30K less than Bobby Bright has brought in so far, and all his money comes from someone else.

Fundraising ability often tracks a candidate's level of support in the community, but "self love" money doesn't count as an indication of support. On that basis, Mayor Bright appears to be doing quite well.  The Republican hopefuls, on the other hand, are on the road to the poor house.

mooncat :: AL-02: For Republicans, It Helps To Be Rich
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So if one of these millionaire types ends up in the general election, and drops another $350,000 or more of his own money in the race, the Democrat could get unlimited help from the party and increased contributions from individuals to offset that personal money.  This rule attempts to level the playing field for those who don't have personal millions to spend.


Work harder and work smarter!

[ Parent ]
I hope that some of that Republican money is going to workers. (4.00 / 1)

At the end of the day, the money has got to get to somebody who actually produces physical goods.  I just hope that it doesn't all wind up overseas.

Anyhow, it never hurts to spread some wealth around.  Money's no good unless it circulates.

What I would like to know, is what part of thier personal fortunes are these Republican self-donors putting on the table?  Are any of them really "betting the farm"/

It was good enough for the Founders of this country. 

Just sayin. 

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.
- John Adams



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