In case you were wondering why all the commotion last night — the rowdy partying, the fireworks, the parades, the desperate closing-time hookups — well, the mid-October campaign finance reports are in.
There’s nothing that changes the complexion of the Vermont political season, but there are a lot of fascinating details. Let’s get started!
The Governor is in cruise control. Phil Scott’s campaign didn’t even break a sweat in the first half of October. He pulled in $41K, bringing his campaign total to a measly $376K. (For those just joining us, conventional wisdom has it that you need at least seven figures to seriously compete, and $2 million is a better starting point.) What’s really telling, though, is that he only spent $14K in the past two weeks. He did a bunch of small newspaper ad buys and no TV. He didn’t pay a dime to his big national campaign outfit, Optimus Consulting. He has over $100,000 in the bank, and shows no sign of making a serious dent in it.
Zuckerman fights the good fight. The Democratic/Progressive nominee is a spider monkey battling a gorilla: Impressively crafty, but likely to get squashed. Zuckerman raised a healthy $62K in the two weeks since October 1, for a campaign total of $629K. And there’s the problem: it’s really not enough money to fuel a statewide campaign against an entrenched incumbent.
If you look at his donor list, you see where his problem lies. He’s getting a ton of small gifts, but the Democratic power players are sitting it out.
Look at these numbers. Scott has 1,141 unique donors, and has taken in 768 “small” donations of $100 or less. Zuckerman has 5,234 donors, and has accepted 6,055 donations of $100 or less. (The latter number is higher because many of his donors have made multiple gifts.)
Even with Scott’s late entry into active campaigning because of the coronavirus, those are some telling numbers. Despite his broad popularity, Scott doesn’t have people lining up to give him money. Zuckerman has a much larger base of enthusiastic donors.
But his problem is, he isn’t getting the big money to augment the small fry. The state’s two largest public sector unions wrote big checks to Beth Pearce, Doug Hoffer, Jim Condos and TJ Donovan — but nothing, as far as I can tell, for Zuckerman.
Meanwhile, Democratic megadonor Jane Stetson donated $500 to Zuckerman’s campaign. That’s a buck in the tip jar for Stetson. If she was committed, she and her husband WIlliam would have each kicked in the maximum $4,160.
That’s only one data point, but it illustrates the disconnect between Zuckerman and the Democratic moneybags. He also, apparently, hasn’t received any money from Vermont’s Congressional delegation. (Bernie has done his bit for Zuckerman on the intangible front, but no direct contributions.)
Zuckerman has received a healthy $13,000 from the Vermont Progressive Party, which makes the absence of Democratic cash all the more glaring. And he’s given $22K to his own campaign. He’s needed every dime.
Still to come: The LG race and the PACs, including a surprise entry for most impactful PAC of the cycle.Continue reading