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Money reports

Thursday, Feb 6, 2014

* From a press release…

Warning: $200k of Mudslinging On the Way from DGA

CHICAGO – Last month, the Democratic Governors Association (DGA) funneled more than $103,500 into an attack PAC to be used against the Republicans running to replace Gov. Pat Quinn. Late yesterday, the DGA doubled down with an additional $96,500, bringing the total to $200,000 - so far.

According to Illinois Republican Party Chairman Jack Dorgan, the DGA should focus more on dismal job that Pat Quinn is doing, rather than trying to mislead voters by sneaking around in the Republican primary.

“It’s no secret that the DGA is panicked about Pat Quinn’s re-election. They should be. He’s one of the most unpopular governors in the country, and his leadership has been a disaster for Illinois,” Dorgan said. “But the voters deserve better than $200,000 in DGA mudslinging during the Republican primary to replace him.”

The PAC he’s talking about is here.

And $200K ain’t much, if you ask me. They’re gonna need a lot more than that to do any damage to Bruce Rauner.

* Meanwhile, the Daily Herald looks at the money race in the Republican US Senate primary

Campaign finance reports filed Friday reflect Oberweis’ $500,000 donation to his own campaign, as well as $105,000 in contributions from others in the last three months of the year.

Truax raised about $107,000 in the same amount of time.

Truax did report raising $107K in the fourth quarter. However, you have to be extra careful when looking at federal candidate disclosure reports.

$18,200 in Truax contributions during the fourth quarter were specifically set aside for the general election. In the third quarter, the money Truax raised included $21,800 for the general election.

Truax reported having a little over $44K on hand at the end of the fourth quarter. But he can’t use $40,000 of that until after the primary ($18,200 plus $21,800).

So, the bottom line is that Truax had only about $4K on hand for the final push.

Yeesh.

* Also, it’s worth pointing out here that Jim Oberweis loaned himself a half million dollars. That means he may have to eventually approach PACs and others to help pay off his debt to himself.

This is common practice in campaigns.

Bruce Rauner, on the other hand, is breaking tradition and flat-out contributing money to his campaign. None of his bigtime contributions to himself are listed as loans. I asked the Rauner campaign about this the other day and this is the e-mailed reply…

He’s not planning on raising money to pay himself back. He’s asking other people to contribute to his campaign, so he believes he should do the same thing.

If you got it, you got it, I suppose.

- Posted by Rich Miller        


8 Comments
  1. - wordslinger - Thursday, Feb 6, 14 @ 11:01 am:

    He’s got it. Makes sense, too. I’m sure there are some who are more willing to write a fat check knowing Rauner has his own skin in the game.


  2. - Cincinnatus - Thursday, Feb 6, 14 @ 11:23 am:

    Let me know when he exceeds a couple of months pay…


  3. - Almost the Weekend - Thursday, Feb 6, 14 @ 11:28 am:

    Where can I find Durbin’s Cash on Hand and money raised for the 4th quarter?


  4. - walker - Thursday, Feb 6, 14 @ 11:38 am:

    Give Rauner a little credit. Other rich candidates expect to be mostly paid back, and are.

    Also still surprised with how much he paid in taxes in recent years, that the usual uber-rich somehow avoid paying. If he’s got no tax-avoiding money in the Cayman’s, that’s to his credit too.


  5. - wordslinger - Thursday, Feb 6, 14 @ 11:49 am:

    –Also still surprised with how much he paid in taxes in recent years, that the usual uber-rich somehow avoid paying. If he’s got no tax-avoiding money in the Cayman’s, that’s to his credit too.–

    He showed three years. I imagine he’s been planning his run that long. He ain’t dumb.


  6. - Arizona Bob - Thursday, Feb 6, 14 @ 1:10 pm:

    The guy made taxable income of over $53 million last year. It isn’t excessive for someone driven to seek the Guv job to contribute a year’s salary to his/her campaign.

    $53 million could but one heck of a gubernatorial campaign, supplemented by a LOT of other contributions should he be a front runner after winning the primary.

    Question. How much of his own money has Quinn contributed to his campaign? If it isn’t at least a couple hundred grand, it may seem he’s there to take, not to give.


  7. - VanillaMan - Thursday, Feb 6, 14 @ 1:42 pm:

    Illinois has elected more future crooks to office than most states. Now we got Quinn.

    Its an unbelievably low bar, right? How about if we don’t let either political party shove their political opposition UNDER that bar - OK?

    For once. Please.


  8. - moneymaven - Thursday, Feb 6, 14 @ 8:59 pm:

    oberweis is likely out $250K, the most he can pay himself back after the primary.


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