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.
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 Mother Crusader: Newark Mayoral Race: Wall Street Outspends Unions 8:1:
