 15 September 18
EXCERPT:
Cuomo won by a fair margin, by about 65 percent to 35 percent, which wasn’t exactly a surprise. He spent over $16 million in a period of six weeks this summer, or about 25 times what Nixon was spending. At various times in the campaign, Cuomo has had 50 times as much cash as his opponent.
Cuomo has always been significantly backed by real estate developers and by the finance sector, and leaned heavily on big donors. Last year, The New York Times reported that 99 percent of Cuomo’s donations since 2015 had been over $1,000. He insisted this year that this donor base had changed (although the stats seem to have been affected by shady episodes like a single donor sending in $1 69 times).
Nixon, meanwhile, boasted that some 97 percent of her donations were less than $200. She received more of these small donations in the first 24 hours after announcing her campaign in March than Cuomo had since 2011.
The Cuomo-Nixon race went according to an increasingly common pattern. One candidate takes all the money and is not just substantially supported by the very industries he or she is charged with overseeing, but also may have a corresponding lack of grassroots financial support.
Taibbi writes: "Andrew Cuomo won the Democratic primary last night in the New York gubernatorial race, a high-profile win over celebrity actress Cynthia Nixon that has some convinced all is right in the Democratic world again." READ MORE |
Saturday, September 15, 2018
FOCUS: Matt Taibbi | Cuomo's Win: It's All About the Money
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