Archive for February 1st, 2007

Where Does Tom Vilsack’s Money Come From?

Tom Vilsack raised 1.1 million dollars in the last quarter of 2006 (and spent nearly $750,000 of it). Where did the money come from? Iowa Progress examined his campaign finance report and has the answers.

Vilsack received donations from five members of the state legislature. House Speaker Pro Tem Polly Bukta contributed $500 as did State Senators Mike Connolly,Tom Rielly and Roger Stewart. State Senate President Jack Kibbie donated $1050. Vilsack also received a $2100 contribution from his Lieutenant Governor and former IDP Chair, Sally Pedersen. Retired Iowa politicians also gave to Vilsack. David Osterberg, a former state representative and Democratic nominee for U.S. Senate in 1998, donated $250, Patrick Deluhery, a former state senator and 2002 Democratic nominee for state auditor contributed $1050, Paul Johnson, the 2004 Democratic nominee for U.S. House donated $2100 and Bill Gannon, former Democratic Minority Leader in the IA House and unsuccessful candidate for the Democratic nomination for Governor in 1970, donated $500. In addition, Dave Neil, former President of UAW’s State CAP, gave $2100 to Vilsack.

Vilsack also received money from national players in Democratic politics. Vernon Jordan contributed $2000. James Johnson, former Chair of Fannie Mae and Walter Mondale’s campaign manager donated $2100 as did Lou Susman, one of John Kerry’s top fundraisers in 2004. Gary Hirschberg, another major Democratic donor who is the CEO of Stoneyfield Farms yogurt company and a possible Democratic candidate for Senate from New Hampshire, gave $2100 as well. The campaign also received $2100 from the second richest man in the world, Warren Buffett. In addition, Vilsack also received a $250 donation from Kyle DeBeer, executive director of the Wyoming Democratic Party, which means Vilsack is sure to have an advantage in Wyoming’s primary.

Finally, Vilsack cleaned up among the Des Moines’s elite. Jerry Crawford, former State Chair for John Kerry, contributed $2100 as did former IDP chair Gordon Fischer. Vilsack also received $2100 contributions from other wealthy Des Moines residents like John Pappajohn and Dwayne McAnnich. However, Vilsack was most successful raising money from the Knapp family. In the last quarter, Tom Vilsack raised $18,900 from people with the last name Knapp.

The question is where will the rest of Vilsack’s money come from? Judging by his fundraising report, he raised all of his easy dollars in the last quarter. Now his dilemma is how he will raise enough money to remain viable for the next year. After all, it doesn’t matter if you’re rock solid if you’re flat broke.

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