Mon 30 Jan 2006
UPDATE: The Sherrod Brown campaign is reporting having raised $496,882.25 in the same quarter, with a cash on hand @ $2.37 million.
From the Hackett for U.S. Senate Campaign:
PRESS RELEASE
FOR IMMEDIATE RELEASE:
Monday, January 30, 2006
MEDIA CONTACT:
Karl Frisch
Hackett & Brown in Fundraising Horse Race
Newcomer Raises $465,779.31 in 1st 1/4 of Campaign
- – - – - – - – - – - – -
Cincinnati, OH – Paul Hackett, Democratic candidate for U.S. Senate and Iraq War veteran, announced today that he has raised $465,779.31 from 8,675 individuals during the first quarter of his campaign. Hackett announced his candidacy on October 24, almost a full month into the quarter.
Hackett’s tremendous showing ensures a competitive primary campaign against Sherrod Brown, an entrenched career politician who is expected to announce raising slightly more than Hackett despite serving in public office for more than 30 years.
BY THE NUMBERS:
Total Raised: $465,779.31
Cash on Hand: $229,783.67
Contributors: 8,675
Average Contribution: $51.00
BACKGROUND:
Democrats can be outspent and still win big in primaries and general elections. Political campaigns in America are increasingly expensive, with local races in Ohio costing into the millions. However, many Democrats have won despite being severely outspent by their opponents.
. Sen. Barack Obama reported only $231,885 in contribution the first quarterly he submitted in April 2003. After announcing his candidacy in August, 2002 he submitted a year-end report that reported only $29,000. [www.fec.gov]
. Sen. Russ Feingold spent only $900,000 during his primary contest with two other democrats, who each spent $2 million apiece on ads alone. [USA Today, 9/10/92]
. Sen. Paul Wellstone was outspent 7-to-1 in his 1991 bid for the U.S. Senate, spending only $1 million during the general election. Senator Wellstone won with 50.5 percent of the vote. [USA Today, 12/11/90; New York Times, 11/11/90]
Hackett you did great!!
Oh yeah! I have to admit I was worried but this is good.
Fear not America!
Hackett lives………
How much did Dewine raise, and what’s his cash on hand?
WTOL is reporting that Mike DeWine raised $978,000.
So now that the 1st quarter fundraising numbers are out the big question I have is burn rate. How much cash are the campaigns going through?
Hackett’s spent half of what he’s raised. That means that everything else he raises is gravy. Is Brown spending way more than Hackett? It will be interesting to see once all the numbers come out.
Also, will Hackett’s ability to run even with Brown on fundraising help him bring in money from the wait and see crowd? Things will certainly be heating up.
I really think that Hackett did very well in terms of raising money. You mean to tell me that a newcomer who just announced in October raised almost as much money as a 15 year veteran who has won statewide twice? That is just amazing!
In terms of trailing DeWine, I have a few thoughts. This primary has attracted national attention and as it heats up so will the press. That press coverage is very FREE publicity. Whowever wins the primary will be catapulted to the national stage. At that time, I expect money to pour in.
I am personally not worried.
Lunesta….
Lunesta….