Yesterday the New York Times reported that Michael Bloomberg would spend $80 million to flip the House from Republican to Democrat.
After years of waiting for the Utah State Legislature to do something about medical marijuana, the voters will finally get to decide for themselves. This coming November, Utahns will get to vote on legalizing medical marijuana, not recreational just medical. The lines have already been drawn. On the side for medical marijuana, we have the Utah Patients Coalition and behind them of course the Marijuana Policy Project based in Washington DC.
WOMEN VOTE! received the most money over the last month thanks to a very generous donor and a Chinese government-backed internet company. A donor from California, liquidated her 21,000 shares in Baidu Inc (BIDU) and gave the proceeds of $5.4 million to WOMEN VOTE!. Baido’s stock price is up 2,014% since it started trading in 2005, making the donor's shares very valuable.
Since the beginning of 2017, the National Republican Senate and Congressional Committees (NRCC, NRSC) have paid over 3 times as much in Bank and Credit Card Fees compared to their Democratic counterparts, the DSCC and DCCC. The NRCC and NRSC paid a combined $1.3 million in Bank and Credit Card Fees, compared to only $403 thousand paid by the DSCC and DCCC. At first glance, you would think that the Republicans just took in a lot more donations than the Democrats. That is not the case.
Northern and New (Central) California have very similar donation patterns. With California potentially breaking up into 3 different States, we looked at donation patterns to see how the political landscape might change. Since 2014, we found that in Northern California 65% of donations have gone to the Democrats, while only 35% have gone to the Republicans. This is actually higher than Central California or what will become just California.
I woke up to another rant by Robert De Niro this morning (I do not watch the Tonys) and thought we would look into what his friends think of Trump and other Republicans. Now of course we do not know his friends, so we looked at the donation patterns of people living in the top 10 most expensive zip codes. 8 out of 10 of those zip codes are in California and New York. So we think the odds are good that Bobby knows a lot of people in these areas.
It is easy to see why Nancy Pelosi thinks that a $1,000 bonus is just crumbs. Over the years, her campaign (it is not her money) has spent $35,000 at See’s Candies and $45,000 at various flower shops. Her favorite is Toulies En Fleur in D.C.. In fact, the $1,000 bonus would not even cover 1 trip to See’s Candies. Over the years, her campaign has visited See’s 29 times for an average spend of $1,200 each time. That is a lot of chocolate. It is actually 130,000 calories each visit.
You may love the NRA or you may hate the NRA. Very few people now days are indifferent on the NRA. However, you have to admire the fact that when they decide to participate in an election they go all out. We researched where the NRA was spending it money over the last year and initially were pretty confused. The top three “beneficiary committee names” were all Democrat and all running in the same State. Northam For Governor, Virginians for Mark Herring and Friends of Justin Fairfax.
ActBlue took in $17 million from California, $12 million from New York and $6 million from Massachusetts. Plus another $46 million from the rest of the States this year. These donations were then distributed across the Country by ActBlue. In Missouri, McCaskill for Senate received $1.4 million from ActBlue. Pennsylvania benefited twice. Lamb for Congress picked up $2.5 million and Bob Casey for Senate also picked up $680 thousand. Wisconsin also benefited from ActBlue’s genericity.
With the California primary election all over the news, we thought we would look to see who is dominating the donations. Of course our recent piece on Super PACs shows that candidates do not need to actually receive the money to benefit from a donation. For the Republicans running for the California Senate seat, for their sake I hope that is the case because they have not raised a lot of money. We could not find most of the Republican candidates in the FEC database.