Wednesday, September 24, 2014

MONEY TALKS


             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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