Money, Money, Money
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Last night on Univision Channel 19, Senator Abel Maldonado (R-15) defended the Governor and his flailing campaign saying that "the opposition has spent millions of dollars bad mouthing this governor and up to this point he has not responded -- but at the end of the month, on the 1st of October, this governor will respond and he will talk about all the things he has done." (KUVS 19 -Univision, 9/15/05, translation mine)
First of all, the whole "we haven't responded" gambit conveniently forgets the fact that Team Arnold spent millions on television throughout the summer. Nonetheless, given the Special Election is 6 weeks away, why would Team Arnold wait two more weeks, until October 1, to get on the air?
Oh that's right, they don't have any money!
The Los Angeles Times, in a piece entitled "Timing of Gov.'s Bid a Sign of Deep Woes," takes a look at the finances (or lack thereof) of the campaign:
"But like other major problems that Schwarzenegger faces, his poor financial shape is at least partly a self-inflicted injury. His campaign committees reported spending nearly $26 million in the first six months of the year, leaving his political accounts all but depleted by the end of June. The $1.2 million in cash left was entirely offset, and then some, by $3.8 million in debts. (Los Angeles Times, 9/16/05)
And now, according to the Sacramento Bee's Gary Delsohn, it's gotten so bad the governor is being forced to donate his own personal funds under the guise that it reflects "his personal commitment" to the initiatives.
"Gov. Arnold Schwarzenegger, who's received a rash of criticism for trying to raise the $50 million he says he needs for his special election campaign, will soon contribute several million dollars of his own money to the cause. Schwarzenegger, who has told his aides that the personal contribution is a gesture to potential big donors that he's fully committed to his ballot initiatives, needs the cash so he can start a television ad blitz in the next week or two." (Sacramento Bee, 9/16/05)
The governor putting up his own money is a testament to just how bad things are for Team Arnold - nobody wants to pay the bills besides the governor and consultants who look at the initiatives as their lifeline.
Talk about "Living Within Our Means"...Looks like Team Arnold can manage money just about as well as they can manage their campaign.
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Last night on Univision Channel 19, Senator Abel Maldonado (R-15) defended the Governor and his flailing campaign saying that "the opposition has spent millions of dollars bad mouthing this governor and up to this point he has not responded -- but at the end of the month, on the 1st of October, this governor will respond and he will talk about all the things he has done." (KUVS 19 -Univision, 9/15/05, translation mine)
First of all, the whole "we haven't responded" gambit conveniently forgets the fact that Team Arnold spent millions on television throughout the summer. Nonetheless, given the Special Election is 6 weeks away, why would Team Arnold wait two more weeks, until October 1, to get on the air?
Oh that's right, they don't have any money!
The Los Angeles Times, in a piece entitled "Timing of Gov.'s Bid a Sign of Deep Woes," takes a look at the finances (or lack thereof) of the campaign:
"But like other major problems that Schwarzenegger faces, his poor financial shape is at least partly a self-inflicted injury. His campaign committees reported spending nearly $26 million in the first six months of the year, leaving his political accounts all but depleted by the end of June. The $1.2 million in cash left was entirely offset, and then some, by $3.8 million in debts. (Los Angeles Times, 9/16/05)
And now, according to the Sacramento Bee's Gary Delsohn, it's gotten so bad the governor is being forced to donate his own personal funds under the guise that it reflects "his personal commitment" to the initiatives.
"Gov. Arnold Schwarzenegger, who's received a rash of criticism for trying to raise the $50 million he says he needs for his special election campaign, will soon contribute several million dollars of his own money to the cause. Schwarzenegger, who has told his aides that the personal contribution is a gesture to potential big donors that he's fully committed to his ballot initiatives, needs the cash so he can start a television ad blitz in the next week or two." (Sacramento Bee, 9/16/05)
The governor putting up his own money is a testament to just how bad things are for Team Arnold - nobody wants to pay the bills besides the governor and consultants who look at the initiatives as their lifeline.
Talk about "Living Within Our Means"...Looks like Team Arnold can manage money just about as well as they can manage their campaign.
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posted by Roger Salazar & Andrew Acosta at 6:07 PM
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