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My Left Nutmeg

CT-SEN 2012: Anemic Lieberman Fundraising Raises Questions About Retirement

by: tparty

Wed Sep 23, 2009 at 11:27:09 AM EDT


According to Daniela Altimari at the Hartford Courant, who picked up on similar sentiment in a Politico article about fundraising for Democratic Senators up for re-election in 2012, Joe Lieberman's $1.4 million cash-on-hand is a sign that he is "quietly amassing his own fortune for an election that's still 37 months away."

However, the quarterly FEC reports filed by Sen. Lieberman since the 2006 general election reveal something entirely different, and seem to point to different intentions for a Senator who remains continually unpopular and is increasingly politically boxed in.

Lieberman's current warchest was actually almost entirely amassed during the closing days of the 2006 campaign, when the since-revoked "millionaire's amendment" allowed him to raise cash from right-wing sources in 5-digit chunks. According to FEC reports, Lieberman used his predicament to his full advantage, raising an astonishing $3,368,680 between the dates of October 19th and November 27th, 2006 alone, and ended that period with $2.55 million cash on hand.

But since then, it's been all downhill:

Lieberman Cash on Hand

At the end of 2006, he had $2.24 million cash on hand.

At the end of 2007, he had $2.08 million cash on hand.

At the end of 2008, he had $1.81 million cash on hand.

And his most recent FEC filing shows a total of just $1.41 million cash on hand.

Possibly more telling about Lieberman's future plans has been the lack of any effort to raise any money whatsoever since November 2006. In the last two quarters, he has raised $73k and $70k respectively, paltry sums for an incumbent.

But even those numbers pale in comparison to his efforts throughout 2007 and 2008, when, perhaps preoccupied with helping out his good friend John McCain (and with the almost certainly assured promise of a cabinet position should McCain have won), he raised an average of just $2,400 per quarter:

Lieberman Net Receipts

Sure, it is still 3+ years out from Election Day 2012. But these numbers certainly do not reinforce any notions that Lieberman is actually considering the "all sorts of options" he claims to be looking at for his dubious route to re-election.

If anything, they raise the opposite question of whether Senator Lieberman is trying to coast by on numbers that at a cursory glance might protect him from lame duck whispers, all the while seriously contemplating whether to call it a career and take the easy way out.

tparty :: CT-SEN 2012: Anemic Lieberman Fundraising Raises Questions About Retirement
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But It's the Business Model (0.00 / 0)
Thats the cause of our 17 daily newspapers continued slide towards failure and irelevence.LMAO

Politico is the equivelent of the FoxNews internet arm yet the Hartford Courant swallows whatever they print as credible without doing an ounce of independent research.

If you need misinformation spread quickly simply put out a press release and Capital Watch will post it in no time.h



Interesting trajectory for Lieberman (0.00 / 0)
On Jan 1 2006 he'd raised about $5.7mil for his re-election, and had a little over $4mil cash on hand.

By the end of June 2006 he'd raised another $3 mil.

However, after he lost the primary donations began to kick in in earnest. He raised over $6mil in Aug-Sept and about another $6 mil in October 2006 alone.


fundraising while masquerading as a Democrat (0.00 / 0)
As before, I tend to think there's a good chance that some money is there when he wants it -- he simply may not have set the price yet on his soul.  

If you're going to continue taking large donations from neocons, the "Democratic" masquerade might wear a little thinner than it has already. Best to wait a while longer?


[ Parent ]
Lieberman cannot really count on Republicans to bail him out (0.00 / 0)
...in 2012. Who knows, a real Republican candidate may emerge if a split race occurs. And if that happens where does he get the necessary funds to compete?

[ Parent ]
emotionally or financially? (0.00 / 0)
Bail him out, that is.

For Lieberman, IMHO there is an extremely large and overriding consideration here:  his EGO.  (Is that big enough?  I don't know how to make supersized caps).  This quite possibly would override what any financial manager will tell him  or any accountant if he wants to run again.

Let's suppose internal polling is not looking so good for him.  I am speculating that there are a certain number of wealthy but hysterical neocons who think Joe is their man who aren't showing up in the low numbers. Perhaps they agree to wait till later before deciding.  (If this is not the case, is there money that Joe would normally get -- the same donors -- showing up in some other campaign's coffers?  Or could the missing donors be waiting for someone to announce or to catch the public fancy and begin to look viable?).  If he looks ike he is running now, bad press will follow him like an unlucky penny.  If he lays somewhat low, he may hope to arise from out of the foggy past

I am assuming there is potential money out there -- if as long as nobody else is showing it, it's hypothetically still out there for somebody, isn't it?  

Let's take another case for a moment:  That he can't count on his usual sources (they have less money now, they are less interested in him, they want to hedge their bets, etc.).  Under that scenario, if Joe ratchets up the fundraising and in spite of it, the dollars aren't there and it becomes increasingly clear to the usually inattentive public that probably he is cruising for "doesn't have a snowball's chance in hell to win," doesn't that kind of make him go out tail between legs(and go down in history) as a LOSER or someone who is scared he might lose?  EGO kicks in; sleepless nights envisioning history books ensue.

But if he holds off, knowing he  knows which buttons to push and which speed dials to hit if/when it looks like he might have a chance to pull it out, then it looks like he's not trying and everything is effortless.  And he can 'splain that he wants to enjoy his golden years with his wife and family now, and forget to mention those nasty polls.

Guess I'm asking.. what's the chance that he is still trying to figure out a graceful, happy ending to his embarrassing last election?

Running for president or vice president is probably out of the picture at this point.  I don't think he'd run for CT governor (but perhaps I fool myself to believe this). An ambassadorship to an industrialized nation, perhaps?

Also, the ability to ramp up the dollars quickly makes great headlines and implies tremendous power and strength:  "$6 MM in 24 hours!!!!  OMG! The guy is SO popular, how can his challenger possibly win???"  It could be seen as election viagra of a sort for political putzes that have lost their pizazz.

I would rather see him defeated at his own slimy game than retire, but I'll take either given a choice.

Eh, I'm probably overthinking this (and is it really worth the effort?) but let's consider that I went through the exercise because taking an apparent ramp-down by JL at face value seems ....perhaps at risk of turning out to be foolhardy.


[ Parent ]
I am truly shocked (0.00 / 0)
Lieberman takes a position against the public option.

Yet, seems to not get paid for it.

because Connecticut voters count: http://www.CTVotersCount.org


Check the 3Q numbers (0.00 / 0)
They will probably be posted online in late Oct.

[ Parent ]
maybe he'll make GOP official (0.00 / 0)
Maybe he'll run as a GOP against himself?  That's one way to be sure of victory.

So what does he do with that money in the off-years?  Is there any accountability?  Pay his family to "work" for him?  Do as he did with the "missing" $386K from his primary loss?  Can he just pocket it himself?  Who would know?  I'd take $1.4M if I knew I'd only get a slap on the wrist again.

Seriously, it could be that he's buying into the 2012 end-of-the-world rumors.


 
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