Tuesday, January 31, 2006

Money and Campaigns

(This article is written for the weekly Carnival of Ohio Politics now approaching it's 8th week thanks to Paul Miller at Northwest Ohio Net...don't forget to stop by and visit his site tomorrow to read what some of the best of Ohio bloggers are writing about.)

Though it's said that who has the most money doesn't always equal a win, it can help. Especially when it comes to money for air time for advertising.

Yet let's take a look at the amount of money being raised on the Governor and the Senate Race.

According to the Akron Beacon Journal

Strickland raised almost $2 million since the last filing deadline in July, giving the eastern Ohio congressman a fundraising total of $3 million. The campaign has more than $2.1 million on hand after expenses.

Blackwell, Ohio's secretary of state, said Tuesday he raised $1.5 million since July, for a fundraising total of $2.5 million with $1.5 million on hand.

Petro has raised only $872,458 since July but said he still has $2 million on hand. Petro, elected attorney general in 2002, spent $1.9 million on early TV advertising to close a gap with Blackwell.

The three have already spent $3.7 million and raised $9.6 million.

The Cleveland Plain Dealer shares these numbers:

Senator Mike DeWine, raised nearly $1 million for his re-election campaign in the last quarter of 2005, new campaign finance records show, giving him a treasury of $4.3 million.

Preliminary figures from the Hackett campaign, to be filed by today's Federal Election Commission deadline, show that Hackett raised $465,779. After paying expenses, his campaign had $229,783 in the bank on Dec. 31.

Brown had $2.37 million after expenses, although $496,882 of it came from the last quarter, barely beating Hackett's take. But Brown, a seven-term congressman, already had $2 million on hand.

That means between these candidates they have close to 13 million dollars on hand right now.

This is of course before the primary race and before the election that is what they had on hand as of December 31st. Thirteen million may not seem like alot anymore, especially when compared to presidential races that cost hundreds of millions. Yet with two children in college I couldn't help doing a small comparison. Using the dollar figure of $50,000 which is a little higher than some colleges would cost for a four year degree here in Ohio and not enough for some of the Ohio Colleges; 260 High School Seniors could get a pretty good education for 13 million.

With the quality of the political ads and the way some of this gets to the point towards the end where you feel as if you hear one more radio ad or see one more television ad you will lose it? I wonder how much better of a deal it would be to have some of those same people who donate to political campaigns decide that money could be better spent and really make a difference.

Okay, I'm dreaming....but it's a nice one....shhhh...don't wake me up yet....

8 comments:

Scott G said...

I think it helps beat people with a lot less money just because you can get your name out there more. My friend ran for city council in Des Moines with a budget of $700. The incumbent spent about $11,000 in his first ad buy and it never really got close. Total my friend spent about $900 on yard signs and lost by 20%. His opponent spent almost $25,000

Unknown said...

It would be cool to live in a world where it didn't matter but I agree it does. While people have won that haven't had the largest amount of campaign funds it does make it alot harder.

Cyberseaer said...

$50,000 for fours years of college? That's about two years for community college here in NJ. Ok, 2 3/4 years. Princton just raised their tuition to a little over $42,000 for one year. I need to have $500,000 for both of my kids to go to college, close to a million if they want to go an Ivy League school, plus more if they go to post grad. So I am hammering sports and school in their heads and pray that they get scholarships either athletic or academic or both. (Maybe by that time I will have the means to pay outright. Wink, wink, nudge, nudge. Sorry folks a little inside joke there.)

Lisa, let me know when you have come back from Utopia. :)

Unknown said...

Here in Ohio it's possible to attend College for four years for $50,000, actually a little less if you go to one of our community colleges for the first two years then transfer over to UT or BGSU.

That's what alot of the kids are doing out here, taking the core basic classes at a Community College. Or taking almost a year of college classes while they are still in high school for free tuition so all you have to purchase is books. They can do that their Junior and Senior year.

So, in your state? 13 million wouldn't go as far.

:-)

Scott G said...

That must be why I am broke. 7 years of college and only one degree. Of course, there was a little Army break in between college tours, but still.

Unknown said...

I think you have a good excuse, Emily's going to be in school for 5, Engineering isn't a four year course and she even had some credits for taking AP classes in high school. Erin wants to be a doctor so any classes she can get out of the way before she graduates from High School? Will save alot of time and money.

Scott G said...

I started off in chemical engineering before I joined the Army. Then I was in chemistry here because they don't have engineering. I was drawn to the dark side though and got my degree in poli-sci. I only need 2 classes though to get a BS in Analytical Chemistry.

Unknown said...

Em's going for Mechanical Engineering, my sister went for Chemical Engineering but that was a long time ago and she was the only female in the classes and decided it wasn't for her, not just from the male aspect though that had a little to do with it. So she went into accounting which for her worked out fine.

There still aren't many women in Engineering though it's a bit better than it was.