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Your weekly newsletter on money in politics.
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November 14, 2019
This week in money-in-politics
Big-dollar donors helped Deval Patrick lay groundwork for presidential campaign


Former Massachusetts Gov. Deval Patrick is making a late entrance into the 2020 Democratic presidential primary, a surprise run funded primarily through massive contributions to an affiliated outside group.

Patrick, an executive at investment firm Bain Capital, reportedly sees himself as a moderate candidate who can win over progressives. But his time in the private equity field — and financial backing from private equity executives — could make him a target of progressive challengers.

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** Bloomberg brings the biggest bucks to the Democratic presidential primary
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Michael Bloomberg, one of the richest men in the world, is expected to enter the Democratic presidential primary and will spend “whatever it takes” to win. That pricey political strategy has worked out well for the former New York City mayor in recent years. Read more ([link removed])
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** Top House Intelligence Committee members rake in cash as impeachment inquiry unfolds
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As Congress readies for public impeachment hearings, two of the most powerful lawmakers piloting the inquiry are racking up campaign cash. Intelligence Committee ranking member Devin Nunes and Chairman Adam Schiff rank first and second for House lawmakers with the most cash on hand. Read More ([link removed])
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** 2020 presidential candidates top $100M in digital ad spending as Twitter goes dark
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Digital advertising is becoming more popular for presidential candidates and major political groups, even as social media platforms grapple with how best to regulate political ads. Presidential candidates have spent $105 million on digital ads since big tech platforms and social media giants started tracking them last year. Read More ([link removed])

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CRP Event: "Inequality in Campaign Financing"

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Please join us at CRP's DC offices next Monday, November 18, at 11 a.m., to hear OpenSecrets Fellow Paul S. Herrnson discuss his new paper on inequality in campaign financing, co-authored with Jennifer Heerwhig.

About the paper: Women have become more influential in virtually every aspect of American politics. However, the emergence of super PACs has the potential to reverse this trend. Using a new dataset (based in part on CRP data) comprising all itemized contributions to super PACs participating in the 2010 through 2016 congressional elections, we conduct the first systematic study of the impact of gender on super PAC donations. We demonstrate that women are underrepresented among donors to super PACs and contribute a relatively small portion of all super PAC receipts. Women are most likely to contribute to super PACs committed to electing women.

If you will be in DC on the morning of the 18th and are interested in attending, please email [email protected]

OpenSecrets in the News

See where we've been cited by media outlets around the nation this week.

* ** What We Know About Tulsi Gabbard’s Base (FiveThirtyEight) ([link removed])
The team at FiveThirtyEight uses OpenSecrets data to analyze the gender breakdown of 2020 hopeful Tulsi Gabbard.

* ** Chamber of Commerce Joins Pushback Against Warren’s Private-Equity Plan (The Wall Street Journal) ([link removed])
Private equity has faced major political challenges going into 2020, with many influential voices criticizing the role the industry has played in the bankruptcies of retailers such as Toys “R” Us and its role in the for-profit education, prison-services and medical-staffing industries.

* ** Bloomberg willing to spend 'whatever it takes' to win in 2020, but money may not be enough (Local 12 - Cincinnati) ([link removed])
The former New York mayor’s allies say he envisions a path to the nomination that would mostly skip over the early primary states, using his deep pockets to fund a national campaign.

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