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Don’t Worry, I Got The Dollars

Posted on February 2, 2009 at 6:23 pm

The new chairman of the Tennessee Democratic Party emails to let us all know that the reports of the demise of the Democratic Party have been greatly exaggerated:

In running for Chair I had a clear fundraising plan to ensure that we’d be able to do what it will take to win back the house in 2010.

That plan consisted of a 2-pronged effort: a) a small-donor plan to bring in grassroots supporters from across the state expanding out base and enlarging the Party and, b) a high-donor plan to bring our strong Democratic contributor base into the 2009-10 funding cycle.

I took my first week on the job (last week) to get the office set up and began my Fundraising Call Program today. I’m happy to report that since the small-donor program began this past weekend and on my first day of high-dollar donor calls I’ve raised in excess of $15,000.

I want to continue the effort of bringing everyone into the Party and ask those of you who have not participated in the past to join me now. It is easy. Just go to www.tndp.org and contribute, $5, $10, $15, $20, $25 or whatever is most comfortable for you. Just make the commitment to participate

I’ll keep you apprised of how this effort continues with reports from time to time.

SEE ALSO:
Sean Braisted
R. Neal

Betting On Life: A Constitutional Candidate

Posted on December 8, 2008 at 8:39 am

Ken Whitehouse and Clint Brewer report on state Treasurer candidate Ira Brody and an unsavory business practice his firm has been associated with:

InsCap has also seen its fair share of battles in other states relative to its business of financing premiums for the life insurance policies of affluent families, individuals and institutions. InsCap is closely associated in the minds of the insurance industry with viatical settlements, though Brody says that is not the service InsCap offers.

According to the U.S. Securities and Exchange Commission, “a viatical settlement allows you to invest in another person’s life insurance policy. With a viatical settlement, you purchase the policy (or part of it) at a price that is less than the death benefit of the policy. When the seller dies, you collect the death benefit. Your return depends upon the seller’s life expectancy and the actual date he or she dies.”

Inscap’s own Web site says their business makes it possible for “affluent households and large institutions to finance the acquisition of life insurance as an asset.”

UPDATE: Clint Brewer in the comments:

To be fair, this is not the line of work Ira Brody’s firm practices. The article explains that.

Mayor Shines Brightly On Legislative Candidate In Mailer

Posted on August 7, 2008 at 12:53 pm

Post Politics has obtained a mailer sent out to targeted voters in the 52nd state house district this past Monday and paid for by the Committee to Elect Mike Stewart featuring what would seem to be an explicit endorsement of the candidacy of Mike Stewart by Mayor Karl Dean.

“Mike has been a friend of mine for a long time. He will make a great public servant.”

Reached for comment Janel Lacey, Press Secretary for the Mayor, confirmed the quote was authentic and used with permission but did not respond to whether the words on the mailer amounted to an endorsement.

Karl Dean, as well as his wife Anne Davis, had been revealed last month as financial backers of the campaign. Stewart’s opponent, Eric Stansell, received a donation from Dean’s runoff opponent in the Mayor’s race, former Congressman Bob Clement.

Stewart faces Stansell today in the Democratic primary for state house in the 52 District.

Leatherwood’s Pockets Get Fatter

Posted on August 1, 2008 at 3:53 pm

But so does Marsha Blackburn’s warchest:

Tom Leatherwood has reported a dramatic fundraising increase. He’s running against incumbent Marsha Blackburn in the Republican Primary for the seventh Congressional district. Leatherwood raised more than $33,000 in the month of July. That’s almost half as much as he reported for the entire second quarter.

Still, it’s $10,000 less than Blackburn raised in the same month, and war chest is much larger. She has more than $550,000 in cash on hand. Leatherwood has about $30,000 dollars to spend. His campaign has gone $41,000 in debt. Blackburn’s is still solvent, despite spending more than a million dollars so far.

The Tennessee Democratic U.S. Senate Primary

Posted on July 18, 2008 at 7:30 am

Chris Sanders asserts the race, covered mostly in the blogosphere, will be a test, on a small scale, of the role of money in politics:

If it weren’t for blogs, I’m not sure anyone would be paying attention to the primary. In the end, I think nothing overwhelmingly positive or negative stuck to either candidate in the public’s imagination. So we are left with Bob Tuke’s fundraising advantage and Mike Padgett’s concerted effort to be everywhere.

Justice Is Blind

Posted on May 20, 2008 at 11:38 am

As a bat. Michael Silence reports that a federal appeals court says paper money discriminates against blind people.

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