We looked back over the last 30 days to see which candidate / politician raised the most money. We have excluded funds donated by the candidate. Andy Barr for Congress topped the list with $213K, 63% came from out-of-state donors. Manchin for West Virginia was next also with $213K, 96% of his donations came from out-of-state. However, Manchin did pick up a good amount from ActBlue based in Massachusetts. Chip Roy’s donations totaled $190K and were pretty much evenly split between in and out-of-state donors.
We thought it was funny when we stumbled across Wicks for Freedom’s expense report and pretty much every expenditure was $635,128. Wicks spent $635K at Inverness Supper Club. Inverness Supper Club appears to be a very nice but reasonably priced bar and grill. Wick also spent $635K at Walmart and also bought $3.8mln worth of gas in six $635K installments. Either Wicks for Freedom is messing with us or someone needs to learn data entry.
Since 2009, politicians have paid more than $221mln in legal fees and services. The lion share of this amount has gone to 6 law firms. Perkins Coie dominates the group with over $66mln recieved, followed by Jones Day at $11.7mln and Wiley Rein at $8.8mln. Let’s do the math on $86.5mln worth of billable hours. It would take 6 lawyers at $500 an hour working 14 hours a day every business day to get to $86.5mln in 9 years. Is there really that much legal work that need to be done?
On the back of a recent CNBC article highlighting long-distance donors, CNBC Article in the primary elections in Ohio, West Virginia, Indiana and North Carolina, we thought we would look and see where these donors are located. Massachusetts tops the list with 530K in donations over the last couple of months.
Yesterday, the Daily Beast published an article highlighting the fact that there is a Super PAC spending a lot of money on the Republican Senate Primary in West Virginia and no one knows who donated the money. We looked into this and the Daily Beast is correct. We will not know who donated the money until close to the end of May.
Right now the Republicans are having a lot more fun than the Democrats. The RNC has spent almost $1.4 million on its American Express this year. Almost half a million of that was spent at the Hilton Hotels and at the Four Seasons. In the middle of March, they dropped 65K at Wolfgang Puck in Los Angeles. In contrast, the DNC spent 3K at Rocklands Barbeque & Grill and instead of staying at the Four Season, the DNC is staying at the Embassy Suites.
We recently were going through the Federal Election Commission (FEC) website and stumbled across two $15 million donations from Doug Jones for Senate to the Blacks in Government Political Advancement Council. Our initial reaction was that Doug is really generous guy. However, given that he only raised approx. $28 million for his Senate campaign. $30 million seemed like a lot. We reached out to the FEC help desk and were informed that it was most likely a mistake. It is a mistake.