As we just witnessed in the Valley with the campaign of Krekorian and Essel – money does matter. And because it was a special election after Greuel won her Controller’s race money mattered very quickly.
And it is with that thought in my mind that I venture to delve into the Governor’s race:
Team Newsom unleashed Clinton because they might just have to fold up their tent in December.
You heard it here first on Mayor Sam – according to various accounts across California, Garry South has scolded Prince Gavin into a corner and is forcing him to finally fundraise if he wants to be viable. In fact, South has made his pronouncement to many outside of Team Newsom to the point that this old dead Mayor would now hear it. Either raise $5 million by December or drop out!
Some of you dum dums might demand that I back this up with some facts, so here you go.
Garry South forced Eric Jaye Newsom’s longtime friend and strategist to quit http://www.sfgate.com/cgi-bin/blogs/matierandross/detail?entry_id=44362
Fact #2 :
Typically a major endorsement by a former President would wait until voters pay attention to ensure massive media coverage, and that media strategists would be used to get this big endorsement out.
Yet we see that it was Newsom’s fundraisers who pushed Bill Clinton and forced the campaign to use him extremely early to meet Garry South’s demand.
Fact # 3:
Newsom is either broke, in debt or getting ready to have a fire-sale.
Since July Newsom has only raised a paltry $152,541.00 in donations over $5,000.00. In fact, since the announcement of the Clinton endorsement only one person from Los Angeles has even donated $5,000 (Jeffrey Kwatinetz) or more. That is going to make for a sad VIP area unless they open it up to smaller donors.
Now you might be claiming that perhaps Newsom gets most of his donations under the $5,000 limit and thus would not have to report those donations within the 24 hour period that these large donations require once received.
Want to see the proof? Look here.
Since the beginning of Newsom opening his account he has raised approximately $3.7 million dollars with approximately $1.3 million coming from donations larger than $5,000 but smaller than $25,900.00.
Which means Newsom on average gets nearly 36% of his money from large donors – something no political reporter has ever published. Which means if we follow the standard trend of 36% coming from large donations – since July 1st the Newsom campaign has raised…$423,725.00. Which is just a few thousand dollars short of the money pro-Essel committees spent to get her less than 5,000 votes in the Valley.
Yet from Jan 1 – June 30th of 2009 Newsom spent $1.5 million. Which is an average monthly expenditure of $215,000.00. The months of July, August and now September are done which would mean they have spent $645,000.00 a net lost of $222,000.00.
Not exactly close to the $5 million Garry South is demanding.
It appears the Newsom campaign is going to be folding up its tent really soon, whether they like it or not.
P.S. What is most depressing about all of this is that not a single fish wrap reporter has even delved into this, they just accept whatever the campaign says and call it news.