SMRs and AMRs

Sunday, November 25, 2007

Short of Money, G.O.P. Is Enlisting Rich Candidates

By RAYMOND HERNANDEZ
New York Times

WASHINGTON, Nov. 25 — Confronting an enormous fund-raising gap with Democrats, Republican Party officials are aggressively recruiting wealthy candidates who can spend millions of their own money to finance their Congressional races, Republican officials say.

At this point, strategists for the National Republican Congressional Committee have enlisted wealthy candidates to run in at least a dozen competitive Congressional districts nationwide, particularly those where Democrats are finishing their first term and are thus considered most vulnerable. They say more are on the way.

These wealthy Republicans have each already invested $100,000 to $1 million of their own money to finance their campaigns, according to campaign finance disclosure reports and interviews with party strategists. Experts say that is a large amount for this early in the cycle.

In New York’s 20th Congressional District, in the Albany area, Alexander Treadwell, an independently wealthy former State Republican Party chairman, has invested more than $320,000 of his money in a race that Republicans predict will cost each candidate at least $3 million.

While Mr. Treadwell, the grandson of a founding executive of General Electric, plans to raise money from donors, he has privately told party officials that he is ready to invest more of his money to unseat Representative Kirsten Gillibrand, a freshman Democrat, Republicans close to him said.

Ken Spain, a spokesman for the House Republicans’ campaign committee, said that the recruiting effort has made the party more competitive heading into the elections.

(Continued here.)

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