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Davis' Amasses Record-Breaking War Chest
KCRA ^ | Fri Jul 19, 2002

Posted on 07/19/2002 7:53:19 PM PDT by Colombia59

In California, running for statewide office takes a lot of cash. But Gov. Gray Davis has broken all records, amassing a war chest one opponent describes as unprecedented in the political history of the United States.

The coffer will allow Davis to mount a vigorous re-election campaign this fall, but it also gives his Republican opponents a club.

You'll often see Davis meeting state workers, mingling with soldiers, touring here and there. What you won't see is Davis mingling with the well-heeled, wealthy individuals and interest groups who come bearing campaign checks.

Like many politicians, Davis has declared those fund-raising events off-limits to media. But the amount that he's raised astounds even the most jaded political observers. According to records filed this week, the governor has hauled in more than $50 million. That breaks down to more than $1 million a month since taking office. He's raised $14 million this year alone and still has $31 million in the bank.

"We're not here to break records. We're here to win this campaign," said Davis political advisor Garry South.

But they have broken records. Davis has raised more than double what George W. Bush did during his 1998 Texas re-election campaign.

"That kind of level is a level unseen in the history of the state of California and unseen in the history of the United States," said Assemblyman Rod Pacheco, R-Riverside.

"It is so phenomenally large. I cannot imagine it doesn't intrude on his time to be governor. I've had to raise money for my campaigns for decades, and the amount just boggles my mind," Assemblyman Bill Leonard, R-San Bernadino.

Republicans in the Legislature have been hammering Davis for months on the issue, accusing him of neglecting his official duties and creating a pay-to-play atmosphere at the Capitol.

The governor's chief strategist says that a professional fundraising team does most of the work and that Davis' decisions are not linked to contributions.

"On any given day, I can tell you from personal experience, some of our biggest donors are furious with the governor because he hasn't done something they thought he would do or he did something that they didn't want him to do," South said.

Davis rationalizes his race for the cash this way.

"All I do is run against billionaires. I do the best I can," Davis said.

Davis is referring to Republican Bill Simon, who has a large personal fortune. How large is unclear, since Simon's tax returns are kept secret. Simon's advisors say that they expect to raise $40 million for his campaign, meaning the November showdown will easily break all previous spending records.

If you would like to know who Davis contributors are, click here. Keep in mind that this is a large file and may take a while to download.


TOPICS: Government; Politics/Elections; US: California
KEYWORDS: calgov2002; knife
Only in a totally goofy and out-of-touch with reality state like California, could a Socialist politician be given more than $50 million for an election campaign.

The thing I am not sure about is what did he have to promise or threaten people with to get this kind of money.

1 posted on 07/19/2002 7:53:19 PM PDT by Colombia59
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To: Colombia59
That should be the attck on Davis, what does he owe for $50 Million!!!
2 posted on 07/19/2002 7:57:02 PM PDT by evolved_rage
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To: Colombia59
Somewhere along the way, GraYouT has lost his way and has become a common nuisance .. He will be gone eventually..Preferably Sooner Rather Then Later

He looks pathetic ... lying ... yet people continue to support him, much as ClinTon was supported as he sold the country's secrets and decimated the military.

He has done as much damage to California as ClinTon and his legacy of lies has left us EnRon, etc.
DUMP DAVI$ & the Den of Socialists

GO SIMON

3 posted on 07/19/2002 8:04:48 PM PDT by NormsRevenge
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To: Colombia59
They are scared..

They are real scared of us getting a solid foothold in cali.

A sharp governor who could make the power grid work and bring some fiscal disipline to California would make them look like utter fools.

4 posted on 07/19/2002 8:07:48 PM PDT by Jhoffa_
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To: Jhoffa_
I haven't follwed the state rules on campaign money in a number of years but I wonder if he loses if he can personally take any balance in the campaign account for personal use.

If he can, could it be possible that he expects to lose and lose big and is ammasing a fortune to retire on?

5 posted on 07/19/2002 8:15:56 PM PDT by dalereed
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To: dalereed
Possibly, but would anyone knowingly contribute to a retirement account?

(Well, the toon is getting a library.. So I guess it's possible.)

6 posted on 07/19/2002 8:17:45 PM PDT by Jhoffa_
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To: Jhoffa_
I don't consider him to be too bright but I don't think he's stupid enough to tell anyone that he would entertain such an idea.

$30+million and still fundraising makes you wonder, if he doesn't start the bonzai campaign until September it will be a monmuntal job to spend that much before election day and he's still fundraising every day.

7 posted on 07/19/2002 8:22:46 PM PDT by dalereed
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To: dalereed
If he thinks he can win and save $10 million for later, I think he'll run for president in 2004..(the little runt!)
8 posted on 07/19/2002 9:04:36 PM PDT by evolved_rage
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To: *calgov2002; Ernest_at_the_Beach
.
9 posted on 07/19/2002 9:50:58 PM PDT by Libertarianize the GOP
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To: Colombia59
"What shall it profit a man that he gain the whole world and lose his own soul."

The guy is toast!!
10 posted on 07/19/2002 10:08:57 PM PDT by CyberAnt
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To: CyberAnt
My first thought...The wealth of the sinner is laid up for the just. He's amassing but will he be able to use it?
11 posted on 07/19/2002 10:13:26 PM PDT by swheats
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To: swheats
"will he be able to use it"

I think he's going to spend more than anticipated trying to counter the growing popularity of Simon. The ad they have running about Simon's dad's S&L thingy is bad; but I think Simon can overcome it. I sure hope the RNC will get off their blessed assurance and help him.

Oh, and the scripture was perfect!
12 posted on 07/19/2002 10:28:41 PM PDT by CyberAnt
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To: Colombia59
I am making a prediction here and now.

In Illinois, Gov. Jim Edgar retired a few years ago and the law allowed him to keep his "campaign war chest" (to the tune of $3 MIL) as long as he declared it as income and paid taxes on it.

I do not know if this is legal in CA, but if it is, I predict Davis will wait until the last minute to do the same, knowing he can't win this election. He'll take the money and run. If he doesn't, he's a fool.
13 posted on 07/19/2002 11:52:24 PM PDT by Demosthenes
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