For anyone who’s ever played poker, whether it be in a friendly – or not so friendly – basement Friday night game, testing your Texas Hold ‘Em prowess at Poker At the Beach, or facing down Doyle Brunson and Phil Ivey in the World Series Of Poker at the Bellagio in Vegas, you know that you have to pony up the cash to play and show your cards when called.
What’s the callers point?
That politics mirror poker in many respects i.e. needing the green to play, holding your cards close, the art of the bluff, and when to challenge your opponent with a sizable bet to force his/her hand. It’s all part of the game and the really good players know when to go all in.
So with that said we turn focus to the Federal Election Commission’s (FEC) release of it’s latest filing of the campaign finance reports; analysis of the campaign war chests as it applies to Delaware’s Candidates (players who have officially announced) for both the House and Senate seats. Here we see precisely where the various contributions emanate and provide us a map as to where the players support lies and how it might – or will – mirror their respective legislative agendas. It gives us an idea as to who the players really are, and because filing as a candidate requires a nominal $5000 as a buy in, it kinda exposes those pretenders who couldn’t even come up with the scratch to play the first hand. If one announces – which a few pretenders have – and don’t appear in this report it states for the record that they couldn’t see the 5 G’s… Now how the hell ya gonna give the race a whirl if ya even get 5 grand? Fair question. Some may still be in the “testing the waters” phase but those that have pulled the trigger and are actively campaigning are highlighted below:
Senate Race
Mike Castle has raised a total of $1,337,001 and spent a total of $500,729, leaving him with a cash on hand total of $1,699,015. Mike has 50/50 split in PAC contributions vs individual contributions. Some top contributors include the law firm of Young Conway Stargatt & Taylor ($22K), BoA, E&Y, Deloitte, NY Life, PwC ($10K each). Finance, Insurance and Real Estate industries were most widely represented in Mike’s total reporting with the total contributions at $234K. PACs represented around $426K in total contributions.
Christine O’Donnell on the other hand has (surprise, surprise) missed the deadline yet again to file her report. Without going into the details and simply referring you to Judson Bennett’s latest tirade into the utter disorganization of her campaign (and personal life), we will simply say that she’s not sitting pretty, however her most recent filing from almost one year ago had $123K raised and $120K spent.
House Race
On over the US House race… John Carney is the only one to have a formal announcement and anything notable in the bank. JC has raised a total of $714,897 and spent $183,569, leaving him with a cash on hand total of $531,327 as of December 31st. PAC contributions for John represent 26% of money raised leaving 73% representing the individual donors. Like King Castle, a top donor is the law firm of Young Conaway with $12K in the hole among the unions – pipefitters, plumbers, longshoremen, electrical workers, laborers, machinists, sheet metal, teamsters, etc.
A blip on the radar screen is Republican Fred Cullis, who loaned himself the $5100 filing fee but hasn’t raised any money as of the end of the year.
Our Analysis
What the most recent reporting illustrates is the disparity between the haves and have not’s – not necessarily a good thang – and that it requires gobs of booty to not only play the game but win it as well. Castle has scared off most of the competition with a can’t miss tag and Grand Canyon pockets. Miss Tetley has raised some for certain but lacks the capacity to truly increase her war chest or her paltry mob appeal. But we, like most every informed – or even uninformed – constituent are gonna beat Fox News to the punch and call the race for King Michael. We know he hates to read that, but the facts are the facts, Mike.
Now the race for the House is another boiling kettle of fish entirely. There blows the wind of an uber expensive and heated primary – Wedo will match Copeland buck for buck and then some and threaten party unity – in what could be the most expensive and heated primary in our state’s history. And that might just be the precursor to the most expensive – and heated – general election for the House in the First State’s history, so whoever emerges from the September war will have to refill their tank – and in a hurry – to compete with the well funded and popular front running Carney. My, how money talks and it can be a rather loquacious and powerful ally.
If you wanna play, ya gotta pay the band.
A race – any race – isn’t always about the money… but it helps… BIG TIME.