Friday, May 16, 2014

Newark Mayoral Race: Wall Street Outspends Unions 8:1

I've written posts here, here, here and here about the unprecedented amounts of Wall Street cash that gushed into the Shavar Jeffries campaign in the last months of the Newark mayoral race. Scholastic Education Blogger Alexander Russo took to his blog and to twitter yesterday to ask how much the union spent to support Baraka.
I had certainly thought that I should take this on as well, to show both sides of the story, so this was just the goading I needed.

 What did I find, you may ask?

 First, let's total up the Wall Street contributions to Jeffries according to the most up to date Election Law Enforcement Commission (ELEC) filings.

 As I reported the night of Baraka's victory, in the weeks leading up to the campaign Education Reform Now's total donation to Super PAC Newark First had swelled to $3,050,000, and Bloomberg had kicked in an additional $400,000 all on his own.


I had reported previously that other Wall Street types, such as Morgan Stanley's John Mack, had contributed another total of $198,000, which brought the Newark First Super PAC amount, just from the ed reform/hedge fund crowd, to $3,648,000.

Add that to the $804,740 contributed directly to Jeffries' campaign from other financial moguls, and we're at $4,452,740.

But wait, we're still not done.

Last night I went through the direct contributions to Jeffries' campaign since my last post, and amazingly enough, even more money men (and women) have come from all over the country to bestow their gifts upon Newark.


I hate to belabor a point, but once again, not a soul from Newark. Instead, huge donations rolling in from Greenwich, CT; Boca Grande, FL; Denver, CO; and San Francisco, CA. 

 Oh, and don't miss the first name on the list. Yes, that's Philip Anschutz.  The man who brought you Waiting for Superman and Won't Back Down, was also trying to bring you Shavar Jeffries. 

 When we add this new amount to our previous total we come to a cool $4,779,040.

 Yes ladies and gentlemen, that's almost five million dollars, just from the Wall Street boys and their buddies.

 To elect a mayor.

 In Newark.

The Union Goldrush for Baraka


 This morning I asked Russo how much he thought the union may have contributed to Baraka.
Wish I had put money on this with Russo, because I'd finally be able to say I made some money blogging!

 I've scoured the ELEC reports, and I can't come up with anything even remotely close to the money spent on Jeffries.

 Here's the union money donated directly to his campaign. I added in PAC money too, because quite honestly, the number was so low it was kind of embarrassing.

I then scoured every single Independent Expenditure (ie. Super PAC) filing.

 I found three that had spent money for Baraka.  

The most came from Working Families Alliance, which ran a series of ads against Jeffries and his Wall Street connections. 

 Working Families Alliance is a 501C4, and as such is not obligated to list their contributors. Their website gives a pretty good indication where their money likely comes from, and while it does include unions, it comes from other sources as well, including environmental groups.
New Jersey Working Families was founded in 2007 by union organizers, parents, environmentalists, and ordinary New Jerseyans who want to ensure that our state and local government serve the interests of working families instead of big business. Since that time we’ve spearheaded the state’s campaign for revenue solutions that would help us create jobs and reinvest in schools, public safety and health care by asking the wealthy and corporations to pay their fair share. 
The smallest amount came from the Committee for Economic Growth and Social Justice, which has ties to Union County Democratic Senator Raymond Lesniak. They spent $69,860 on TV ads and canvassing.

 And no matter how hard I tried, the only direct union money I could find came from AFT, and it was a mere $92,900 from the American Federation of Teachers, AFL-CIO, AFT Solidarity 527 PAC.

 Here's what all this looks like.


Super PACs spent $572,761 to support Barka, and the local teacher's union and a couple of PACs chipped $31,450 directly into his campaign. This makes a grand total of $604,211.

 That's it.

 If there was some avalanche of union cash in this race, I sure as heck can't find it. If someone can point me to it I am happy to be proved wrong, and I will post new totals and amounts if indeed union spending came anywhere near the Wall Street spending.

 But from what I can see, Baraka and the big, bad unions were outspent by about 8:1.

 If anything, I think those of us who support public education should be kind of pissed they didn't spend a whole lot more.


Posted by at 1:45 PM

1 comment:

  1. DukeMay 18, 2014 at 11:00 PM

    Just to be clear:

    Alexander Russo, professional education journalist, asked a question on Twitter but never bothered to follow up on the answer, even though it could be found in public records.

    It took Darcie, a parent activist and blogger, to get the job done.

    OK then...

    ReplyDelete

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