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TX-Sen: John Sharp Loans Campaign More Than $500K of $600K Total Raised


by: David Mauro

Wed Oct 21, 2009 at 04:57 PM CDT


Detailed fundraising numbers from the Sharp and White Senate campaigns show a striking discrepancy in the source of both candidates' fundraising. In the fundraising quarter ending September 30, John Sharp loaned himself over $500,000 of the $615,000 he reported to the FEC. The following table breaks out the numbers:  

Other Peoples' MoneyLoans from CandidateContributions from CandidateTotal RaisedExpenditures
White:$1,116,813$0$414,399$1,549,941$703,108
Sharp:$107,204$504,514$0$615,210$170,190

In actual contributions from campaign supporters, White outraised Sharp by over 10 to 1.  

Both candidates contributed to their own campaigns: Sharp loaned himself money, while White contributed the $414,399 as part of a donor-matching program during the last three days week of the quarter. White and his wife Andrea matched donations that included $200,000 in online giving through ActBlue and the campaign website. That $200,000 raised online by White in the last three days week of the quarter is more than Sharp raised from all of his donors throughout the three months of the quarter.  

It's also interesting to compare these numbers to the candidates' expenses. White is running a full state-wide campaign with organizers and physical office space in most regions of the state. However, he more than raised enough to cover his significant expenses. On the other hand, the Sharp campaign spent more money in Q3 than it took in from outside contributions.

With the DSCC openly encouraging White, Sharp may begin to feel more pressure to switch to another race where Democrats desperately need a strong candidate.  Without the FEC limits of $2400 per person, Sharp would likely find it easier to raise money closer to the levels he did as Comptroller. Of course, Sharp has given no public indication that he is considering switching races.

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Need explanation of fundraising #'s? (0.00 / 0)
How come "Other People's Money" + "Loans from Candidate" + "Contributions from Candidate" doesn't equal Total Raised for either White or Sharp?  

It's only off by a few thousand but I'm confused by that.  What's the other source of money?  Do candidates invest their campaign money in interest-bearing accounts?

As for the general point being made yet again here about Sharp feeling pressure to switch races, I have no comment.


Hmm. (0.00 / 0)
Let's see...

Bank Interest. Sharp campaign earned almost $2500 in bank interest.

Returned Contributions. White returned $4500 in contributions.

Also, PAC money isn't included in these numbers -- another $1000 for Sharp and $18000 for White it looks like.

That should just about square it up. Good eyes!

Now on Twitter: KathTX


[ Parent ]
Dewhurst hints he will join Senate Race soon after Kay resigns (0.00 / 0)

After listening to Lt. Gov. Dewhurst's radio interview on WBAP's Mark Davis Show in Dallas this morning, a few things are somewhat clear, even if you have to "listen in between the words":

1) Dewhurst thinks that Kay Bailey Hutchison still might not resign her Senate seat before the filing deadline;

2) Until and unless she does, he is running for Lt. Gov.,

3) If she does, he and his family will get together and ask what "God wants him to do;"

4) If he runs, he will do it "to win," and because he will have decided the Senate is where he "can serve Texas best;" and,

5) While he does not know what God will tell him, Dewhurst thinks Abbott will make a great Lt. Gov. if Dewhurst runs for the Senate.

As a prayerful person myself, I will not question Dewhurst's sincerity or devoutness.  However, there is no doubt that when a GOP politician publically brings both God and "what is best for others" into the decision matrix,  that the resulting decision is pretty predictable.  

The question for all of us is when and if Kay will pull the trigger and what would Dewhurst do to the race.

Note:  the podcast for this interview is not available yet, but will be at http://www.wbap.com/sectional....


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