In today’s political races, it's often the candidate with the most money in their "war chest" that wins the race. If this hypothesis holds, the race for the NY governor’s mansion might just be over - before it even began...
The
incumbent Governor Cuomo has a war chest valued at 35
Million dollars. This is an astounding amount of money to what his
competitor has at hand. Cuomo raised a lot of his funds from out of state
contributors. One might think “why would someone from a different state worry
about a gubernatorial race in New York?” MONEY TALKS! Cuomo has friends in high
places with deep pockets such as; “DreamWorks Animation SKG Inc.’s Jeffrey
Katzenberg, who also donated $50,000; Viacom Inc.’s Paramount
Pictures Chairman Brad Grey gave Mr. Cuomo $35,000, while Sony Inc.'s Sony
Entertainment Chief Executive Michael Lynton donated $15,000.” And the list
goes on. The Cuomo camp spent 6.8 million dollars on their campaign
Rob
Astorino’s war chest on the other hand pales in comparison to Cuomo's.
The Astorino campaign has 2.4 million dollars on hand. The campaign
spent a disappointing sum of $980,000 compared to Cuomo’s $6.8 million. Astorino
drew funds from people who gave the governor a significantly larger sum of
money. The Astorino camp is proud of the fact that a relatively large sum of
their funds came from every day new Yorkers instead of executives of large companies. This
underdog appeal is cute but will not fix the
30 point gap in the polls. So yes, MONEY DOES TALK and by talks, it can sway elections.
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