Bill Driscoll is rich!
Just in case you were hoping for further proof that it's good to have assloads of money to blow, Republican Congressional candidate Bill Driscoll has provided it - in the form of a recent $500,000 personal loan to his campaign, designed to keep the Weyerhaeuser descendant relevant entering November.
Bill Driscoll is rich!
Battling Democrat Derek Kilmer for the retiring Norm Dicks' seat, as The News Tribune reports today, Driscoll (sadly, no relation, seeing as he has crazy money to throw around) has now loaned his campaign just over $1 million.
Will this latest influx of Driscoll's personal cash help him to take down Kilmer? It seems unlikely, given Kilmer's growing list of endorsements and the left-leaning tendencies of the district in play. But still, at least Driscoll is giving it his all.
Or, rather, about 1/55th of his all, as the Trib's story indicates Driscoll and his wife have an estimated net worth of $55 million.
Naturally, the Kilmer campaign has pounced on Driscoll's latest campaign loan as further proof that he's just another ridiculously rich dude trying to buy his way into Congress. More specifically, Kilmer's supporters point to an early pledge by the Driscoll to fund the rest of his campaign with individual contributions after an initial loan of $500,000.
As the Trib notes:
Kilmer, who works in economic development, has not spent any of his own money. He joked to the audience that he's "been playing the Mega Millions since (Driscoll) got into the race." But his real fundraising strategy is less risky: raising $552,000 from political committees tied to unions, businesses, medical groups, Indian tribes, the Democratic Party and others, and more than $993,000 from what he said are 3,100 individual donors.
While the latest campaign loan from Driscoll may be excellent fodder for lottery jokes, it also may have been a necessity at this point - as the Republican and his campaign consultant, Alex Hayes, tell the Trib the recent $500,000 will help even the fundraising playing field, and hopefully inspire the national Republican Party to throw some money of its own at the race - which it so far has yet to do.
That decision may just illustrate that the national Republican Party spends its money a whole lot more carefully than Driscoll does.