Cappiello and Shays campaign finance report breakdown

Friday, February 01, 2008
Time: 9:41 PM

Here's an analysis of the numbers courtesy of
My Left Nutmeg.

David Cappiello
  1. ... hasn't put one nickel of his own money into his campaign. The mortgage industry is not as profitable as I'd been led to believe.
  2. ... as Gabe had mentioned at CTLP, spent 74% of the money he raised before the quarter was over.

    And weirdly – since most candidates and staffers are very conscious of "the numbers" – Cappiello and his staffers basically raided the account in the last 24 hours of the quarter, to the tune of just under $11,000. Why trade a 10% difference in burn rate for just one day of waiting for your reimbursements? That goes against what (in my experience) is the natural instinct of anyone even marginally serious about the campaign they're working on.

  3. ... got 5 large from GOP Congressman Eric Cantor. Shays got $10K. Someone run against that guy!
  4. ... is employing 2 fundraising consulting firms, both of which are out of state.

Shays:
  1. A $1619.66 in-kind contribution from Douglas Brandrup (totalling $3919.66 for the year), who was one of the contributors to the Swift Boat Veterans for Truth in 2004.

    As a side note, the maximum contribution is $2300 for either a primary or general election, but Brandrup's in-kind was almost certainly consumed in the "primary" period. Legally, Shays may have to return this $1619.66, since the earlier $2300 was clearly designated for the primary period.

  2. Paul Pimentel spent some time working for the campaign before going to work for McKinney. He was paid $683.33 for each of three months.

  3. The only newspaper the campaign subscribes to? The Norwalk Hour.

  4. WAL-PAC! $2500 from Wal-Mart's political action committee.

  5. Just a little fun tidbit: Shays received $500 from one Brad Renner, a Washington resident who shares with the Congressman an inclination to go apeshit at people taping meetings :)

  6. Unified field theory of GOP malfeasance alert: Edward Schmults, former Deputy AG, helped Saint Ronnie and Ted Olson block investigations into Reagan's EPA and mishandling of Superfund monies. The original fight was over "election tracking" of Superfund spending – politically-motivated timing designed to help GOP candidates in close congressional races (sound familiar?) – but of course, the coverup is always worse than the crime. Schmults was the object of an obstruction-of-justice inquiry for withholding documents from Congressional investigators, and he and Olson escalated a legal fight all the way up to the Supreme Court arguing that independent counsel investigations are unconstitutional. Now he's passing checks to the man who wants to run Congressional oversight – $1250 worth.

  7. The "Professional Services Council" PAC, Blackwater's trade association, is in for $1000.

    Other members of this trade group include CACI (Abu Ghraib staffing), Development Alternatives Inc (violent overthrow of Chavez), Anteon International ("specializing in simulators and training of interrogators"), and Titan Corporation (also staffed Abu Ghraib). I suppose not a lot of Congresspeople would take contributions from "MercenaryPAC", so I wonder if Shays might consider throwing this check back.

  8. Those delightful tele-town-halls that Shays held? $1086.72. Money spent on screening participants to make sure DTC members and Democratic candidates weren't in on the calls? Zero, as several of you are aware :)

  9. Money sent to bolster John McCain's flagging presidential bid: $0.

  10. Shays spending breakdown:
    • Salary: $25968
    • Fundraising consultants: $30371
    • Events: $6930
    • Printing/postage: $13773
    • Other professional services: $6595
    • Donations to other candidates: $6000
    • Office costs: $9379 (actually $3000 higher, with 1 months rent paid in Q3)

    That's $51,000 spent to raise just over $310K – or, if you take into account that his press releases and constituent meetings and policy research are all funded by taxpayer dollars (meaning "salary" in advance of television and direct mail planning is basically more fundraising consulting), a mind-blowing $77,000 – 25 cents out of every dollar.



(FYI: Boughton's 2007 finance report analysis will be our first segment on the new HatCityBLOG-TV local access show).

posted by ctblogger at 9:41 PM | Permalink|

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