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Gov. Corzine has spent his personal fortuneon his campaigns. The Democrat thus is not limited by state caps on election spending.
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Corzine spends more than 2 foes combined

Gov. Corzine has spent about $23 million - most of it his own money - in his fight for reelection, more than the combined total of his two main competitors, according to campaign finance documents released yesterday.

After spending $60 million on his U.S. Senate race in 2000 and $40 million on his first governor's race in 2005, the former chief executive officer of Goldman Sachs & Co. is poised to spend as much as $30 million in this race.

And beyond the candidates' funds, money is pouring in from around the country to fund advertising in the only race that features an incumbent governor. Virginia is the only other state with a governor's race, and Gov. Tim Kaine is prevented by term limits from running.

In New Jersey, polls show Corzine in a dead heat with Republican Christopher J. Christie, who has raised $11.7 million and spent $8.8 million. Independent Chris Daggett has raised $1.3 million and spent $1.2 million.

Daggett and Christie are participating in the state finance program, which limits their spending. They are unable to match the power of Corzine's wallet to buy campaign advertising in a state split between two of the nation's most expensive media markets.

Of the millions Corzine has spent, all but about $1 million has come from his personal fortune.

In addition to his advertising buys, Corzine has spent at least $6 million to bankroll county and state party groups as well as sympathetic candidates. And through his personal foundation, Corzine has given funds to charities led by ministers and community activists, who have gotten out the vote for him.

In 2005, his money could not become an issue for Republicans, as they had nominated another millionaire, Doug Forrester.

But in this race, Christie has been in the unusual position of being a Republican complaining about a rich Democrat.

When former Bergen County Democratic leader Joseph Ferriero was convicted on corruption charges last week, Christie opened fire, saying, "Corzine has decried the toxic mix of politics and money in New Jersey. He has been one of the leading chemists in that toxic mix."

Corzine has given more than $400,000 to the Bergen Democratic organization. His mother even sent a $37,000 check in 2004 from her home in Oak Park, Ill., to fund Ferriero's machine.

Corzine says his contributions were meant to build up the Democratic Party in a county known for swinging both ways.

Though there are contribution limits in New Jersey for everyone but a self-funding candidate, individuals and corporations give to outside groups - most notably the Democratic and Republican Governors Associations, which are financing election operations here.

Christie raised money for the RGA at three October fund-raisers, including a $10,000-a-head party at the Moorestown home of Commerce Bank founder Vernon Hill.

Since February, Todd Christie, brother of the GOP candidate, has given $104,000 to various county, state, and local Republican organizations and candidates, including his brother. And he gave $200,000 to the RGA.

A handful of casino companies, banned from contributing directly to gubernatorial and other candidates, have contributed to the governors' associations. Boyd Gaming Corp., which operates the Borgata casino, gave $25,000 to the RGA. Harrah's Entertainment Inc., which operates four Atlantic City casinos, gave $50,000 to the DGA. Though Donald Trump gave $25,000 to the RGA, he has resigned from the Atlantic City casino company that bears his name.

Others also have found ways to get around the state's strict gubernatorial financing rules, which cap contributions at $300 for those wishing to do state business.

The law firms of Capehart & Scatchard and Lum, Drasco & Positan, which have state contracts, have given a combined $30,000 to the RGA since July, according to finance records in Virginia, which has stricter reporting rules on outside groups than New Jersey.

Johnson & Johnson, the New Brunswick, N.J., medical-products firm that has contracts with state mental institutions, has given $50,000 to the DGA since July.

A company spokeswoman said it gives to both parties' governors associations in the interest of "the development of sound public policy." She described the contributions to DGA as a membership fee and to support events. So did a spokesman for the engineering firm AECOM USA Inc., which has state contracts and gave $31,000 to the DGA. Like Johnson & Johnson, AECOM also gives to the RGA.

Covanta Energy Corp., which has county and local contracts to convert trash into energy, gave to both governors associations.

Unions representing teachers and iron and electrical workers also gave to the DGA.

The RGA has run an aggressive $5.3 million television ad campaign, according to TNS Media Intelligence in Arlington, Va. The ads attack Corzine and Daggett.

The DGA spent about $3.2 million, much of it to enhance the Democrats' get-out-the-vote operations.

It also donated to a group called New Jersey Progress, though the amount will not be known until later this year, when the group must report its campaign finance activity. New Jersey Progress has spent about $1 million on television ads since September criticizing Christie for supporting no-frills insurance policies, echoing a criticism in some of Corzine's ads.

The group also is paying to mail literature to voters' homes and running a field operation in central New Jersey, according to a spokesman.

Daggett, who does not have the support of national party groups, has decried Republican and Democratic spending, saying "they've spent millions of dollars going around campaign laws of New Jersey, funneling money into the RGA and DGA only to have it come back in negative campaigns slinging mud."

Although voters may already have television advertising fatigue, the biggest onslaught in the race is set for the coming days. Christie's campaign said yesterday that he would be spending heavily on television advertising in the final days. Corzine and Daggett each unveiled new television ads yesterday.

 


Contact staff writer Cynthia Burton at 856-779-3858 or cburton@phillynews.com.

Comments   
Posted 06:06 AM, 10/28/2009
Torie
This guy wouldn't be spending a "loan" from the Democrats would he?
Posted 06:27 AM, 10/28/2009
FJG JR
I am probably wasting my vote on Daggett, but one thing I don't get, is why they spend so much for an office. What are they really getting for themselves. It has to be more than just a powerful feeling. It's what they get back in their pockets, and that's a shame.
Posted 06:40 AM, 10/28/2009
socialism=unamerican
Corzine will not buy my vote. He is a failed governor with failed policies and does not deserve re-election.
Posted 07:09 AM, 10/28/2009
tr88
Just what NJ needs, a corrupt billionaire banker. And the Inquirer endorses him? Of course they do.
Posted 08:52 AM, 10/28/2009
SayHello2MyLittleFriend
First you make the money, then you get the power, then you get some #$%$#. It doesn't get any better than that!
Posted 08:55 AM, 10/28/2009
chrissmith
Corzine has been an utter failure. Period. Daggett's policies would be very similar to Corzine's. If you can think independently, and if you don't drink the Democratic Kool Aid, then you must vote for Christie. It's really that simple.
Posted 10:35 AM, 10/28/2009
lefty
In this particular election,Daggett is a Dem in disguise. His sole charge is to pull votes from Christie. It's been predicted that Daggett will receive 13 to 17% of the vote. That may be an over-estimation but it's safe to say that votes for Daggett are votes for Corzine. It's a strategy that works when the incumbent lacks the ability to attrack a majority of the votes on election day and possess the resources to successfully pull off it off by election day. As for following the money trail, money will have changed hands so many times and into so many different accounts that tracing it back to the sources would be an almost insurmountable task. Besides, who in ObamaNation would object? FJG JR got it right: its all about money, power and more money, so expect to see the incumbent through 2013. His arcane financial assets which far outweigh his more conspicuous liabilties, will keep him in a political office for as long as he desires.
Posted 12:58 PM, 10/28/2009
feudi
I wonder how much Corzine has spent on the Daggett Campaign? No one spends over $23 million of their own money unless their eventual payback is even greater. I may be dumb, but I ain't stoopid!
Posted 01:10 PM, 10/28/2009
JEBoyce
The person with the most money usually wins because they think the voting public is a bunch of fools and will vote for what they see the most of on TV.
Posted 01:39 PM, 10/28/2009
feudi
f
Posted 01:44 PM, 10/28/2009
Captain Splendor
I can't believe how paranoid some of these people are. Daggett is not a dem by any stretch of the imagination. He's simply the best candidate. Christie has no plans, Corzine is sugarcoating everything in a bid to win again, and Daggett is just honest and actually smart.
Posted 01:48 PM, 10/28/2009
CollingswoodResident
Daggett will win and will prove that money cant buy you the voters.
Posted 05:54 PM, 10/28/2009
Tom M.
It's always funny to hear that Republicans are the "party of the rich" yet, in reality, all the super-rich Billionaires(Soros,Gates,etc..), the Wall Street bankers, and the wealthiest politicians are Democrats. They are all about taking our money and givng it away but manage to find loopholes to keep from paying taxes themselves. I believe that when Kerry was rtunning it was shown that he and Teresa only were paying about 5% on their tens of millions of income. No wonder Dems like lawyers and 1000 page bills!!! The sheep keep voting for them and always will so we are done as a free people. Such a waste and the last place on Earth that people who wanted FREEDOM could flee to is jjust about gone.
Posted 06:15 PM, 10/28/2009
lefty
CaptainSplendor, it's not about being "the best candidate." Your label of "paranoia" revels your naivete'. Daggett's appeal is primarily based on his business-like approach to remedying Jersey's woes. It doesn't matter what his numbers actually mean because Christie lacks a platform and Corzine's a zero. Voters who recognize this will vote for Daggett. The problem is that the current Gov has a political machine with lots of bucks to buy lots of votes. Jersey Dems will go to the polls and vote the straight ticket. Urban areas, such as Camden, Jersey City, Trenton, Newark, etal., are already poised to buy and transport large numbers of voters to the polls. Now here's where the third party candidate enters. Well before the campaign commences, party strategists and political insiders layout what it may take to win and/ or steal the election. If deemed necessary, a straw candidate emerges where money is no obstacle and a powerful machine is in place. Unfortunately for Republicans, their strategists thought they could sustain a lengthy campaign with nothing more than repudiating Corzine's record. Had they gone after his record with counter proposals and ads that detailed how Christie would "Fix It"(latest TV ad which fails to say how), Daggett's presence would be nothing more than an expensive failure.Foot Not: At the beginning of the campaign, the Dems never imagined that this popular crime fighter would wage a campaign worthy of the king's invisible clothing.
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