Tag Archives: Bob Menendez

Senate Financials Tell Interesting Stories

The second quarter US Senate financial disclosure summaries are now available and in almost all cases, the incumbents have prepared adequately for their re-election campaigns. Obviously, the size of the state dictates the money range needed to run a viable effort, so the benchmark cash on hand figures differ greatly. All in-cycle incumbents have more than $1.5 million in assets with the exception of Sen. Joe Manchin (D-WV), who possesses $1.279 million. Massachusetts Sen. Scott Brown (R) has the most money in the bank, $9.628 million. The next closest cash on hand figure is Sen. Bill Nelson’s (D-FL) $6.057 million.

The only incumbent with less cash on hand than a challenger is Sen. Dean Heller (R-NV). Rep. Shelley Berkley (D-NV-1) has $2.476 million in her campaign account versus Heller’s $2.272 million. The comparison is a bit unfair, however, because Heller is an appointed incumbent, replacing the resigned Sen. John Ensign (R). Therefore, his Senate incumbency is short-lived and should not be measured comparably to the other in-cycle full-term Senators.

The Senate incumbents having the strongest fundraising cycle to date are Scott Brown ($3.739 million), Bill Nelson ($3.695 million), and Democrat New Jersey Sen. Bob Menendez ($3.581 million). The strongest open seat/challenger fundraisers are Ohio state Treasurer Josh Mandel (R), who still has yet to announce his Senate candidacy, Connecticut Rep. Chris Murphy (D-CT-5), who is seeking retiring Sen. Joe Lieberman’s (I) open seat, and Rep. Denny Rehberg (R-MT-AL) challenging one-term Sen. Jon Tester (D-MT). Mandel raised $2.339 million, Murphy $2.012 million, and Rehberg $1.964 million.

The fundraising and resource components provide some idea as to how competitive some of the projected close races might become. Sen. Nelson, for example, continues to prove he is in solid shape by every measuring instrument. His $6.057 million cash on hand is more than seven times as great as his closest financial opponent, GOP former interim Sen. George LeMieux. Sen. Ben Nelson (D-NE), commonly viewed as the most vulnerable incumbent seeking re-election, raised only $111,000 more than Attorney General Jon Bruning, but leads his chief Republican opponent $2.916 million to $1.265 million in the cash on hand category.

The competitive race that is proving to be the closest, at least in resources, is the Nevada Senate race. There Rep. Berkley shows $2.476 million compared with Sen. Heller’s $2.272 million cash on hand. This race could turn out to be the most hotly contested in the country. Nevada is a tight swing state, both candidates are equally well-known, and they both possess the same quantity of campaign resources. With turnout expected to be high in the presidential election year, the final wave will likely decide this campaign. The same can be said for the Virginia Senate race. There, former Sen. George Allen (R) has raised $2.615 million with $1.649 million on hand. Tim Kaine, the former governor and Democratic National Committee chairman, has raised a similar, but smaller, $2.266 million but has slightly more in the bank, $1.875 million.

As we know, finance tells only part of any political story, but no one denies that the dollar count is a highly important factor of any campaign effort.

Below is a link to a PDF spreadsheet containing the relevant financial numbers for all 33 Senate races being contested in 2012. The only state not recording any figures is Wisconsin. Sen. Herb Kohl (D) is retiring, and no one has yet formally declared their candidacy for the open seat.

Candidate Financials: Senate Financial Disclosure – 2nd Qtr 2011
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Our 2012 Senate Outlook

With three new Senate vacancies already present in the 2012 election cycle, it’s time to update our election grid. Democrats, including the two Independent senators who caucus with the party, must defend 23 states compared to just 10 for Republicans. The GOP needs a net gain of four seats to claim the outright majority, but 13 to reach 60, the number needed to invoke cloture on any issue.

Democratic Seats – Most Vulnerable

North Dakota – Sen. Kent Conrad’s retirement gives the Republicans their best shot at converting a Democratic state. The GOP political bench here is robust and strong, thus the eventual Republican nominee will enter the general election as the favorite.

Nebraska – Sen. Ben Nelson, a retirement possibility, is politically damaged. He already trails at least two potential GOP candidates in polling, Attorney General Jon Bruning and state Treasurer Don Stenberg. Right now, in this very early going, the Republicans are favored to convert the state.

Lean Democrat

Florida – The politically marginal Sunshine State suggests that Sen. Bill Nelson (D) will face a highly competitive 2012 election challenge. The GOP field is yet to be determined, but Rep. Connie Mack IV (R-FL-14) appears to be the only Congressman positioning himself for a run. Right now, Nelson must be viewed as the favorite, but this will become a serious race.

Michigan – The Republican resurgence here, and the early polling, suggests that Sen. Debbie Stabenow has a difficult road to re-election. GOP candidates have yet to come forward, thus the current Lean D rating is attached. Michigan is certainly a state to watch. The presidential election year turnout model is a plus for Stabenow.

Toss-ups

Missouri – Sen. Claire McCaskill is polling in the dead heat range against former Sen. Jim Talent (R), the man she defeated in 2006. Talent is not a sure candidate, but former state treasurer and gubernatorial candidate Sarah Steelman is. Rep. Sam Graves (R-MO-6) also is reportedly considering entering the contest, particularly if Talent remains on the sidelines. All would be very competitive against McCaskill in a state that is trending a bit more Republican during the past two elections.

Montana – Sen. Jon Tester can also expect a very competitive GOP challenge in what is normally a Republican state in a presidential year. Rep. Denny Rehberg (R-MT-AL) has not yet committed to the Senate race. Former Lt. Governor nominee Steve Daines is an official candidate and actively raising money.

Ohio – Sen. Sherrod Brown faces tough sledding presumably against newly elected Lt. Gov. Mary Taylor (R). Ohio will again assume its normal role as a battleground state for the presidential campaign, which, in 2012, could help Taylor. This may become the most hotly contested Senate race in the country.

Virginia – The actions of former governor and Democratic National Committee chair Tim Kaine and defeated gubernatorial candidate and ex-DNC chair Terry McAuliffe (both saying they won’t run for Senate in 2012 under any circumstances) suggests that Sen. Jim Webb will seek re-election, even though the incumbent has yet to confirm his intentions. Former senator and governor George Allen (R) will soon announce his candidacy, setting up a re-match with Webb. The Democrat won by 7,231 votes of more than 2.3 million cast five years ago. Early polling suggests a dead heat.

Questions

Hawaii – Speculation is prevalent that Sen. Daniel Akaka, who will be 88 at the time of the 2012 election, will retire. If so, the Republicans will be competitive with former Gov. Linda Lingle. If Akaka runs, and early indications suggest he will, the Democratic incumbent should have little trouble winning again.

New Jersey – Sen. Bob Menendez is polling below 50% in early survey trials but comfortably ahead of all potential Republican rivals. Though the senator is the decided favorite today, this race could become one to watch. Republicans may be looking most favorably toward entrepreneur John Crowley, who appears to have the potential of generating measurable political strength.

New Mexico – Sen. Jeff Bingaman (D) is in strong position for re-election and is viewed as a heavy favorite. Republican former Rep. Heather Wilson (R-NM-1), always a good vote-getter, could make challenging Bingaman a competitive race. She is said to be seriously considering launching a bid.

Wisconsin – Though he has been mum on his re-election intentions, Sen. Herb Kohl is another retirement possibility. If he chooses not to run, defeated Sen. Russ Feingold (D) waits in the wings to run again. Should the senator seek re-election, he will likely face only a minor challenge.

Likely Democrat

Connecticut – Sen. Joe Lieberman’s (I) retirement, thereby avoiding an unpredictable three-way race, greatly improves the Democrats’ chances. Rep. Chris Murphy (D-CT-5) and ex-Secretary of State Susan Bysiewicz are announced Democratic candidates. Edward Kennedy Jr., son of the late senator, is rumored as a possibility. The two losing 2010 nominees, Tom Foley in the governor’s race and Linda McMahon for the Senate, are both mentioned as possible candidates; so is former Rep. Rob Simmons (R-CT-2).

Pennsylvania – Until the Republicans field a top-tier candidate, something they have yet to do, Sen. Bob Casey Jr. is a strong favorite for re-election. A serious campaign could develop, but not unless a stronger Republican joins the current field of candidates.

Rhode Island – The Republicans could move this state into the competitive category if former Gov. Don Carcieri (R) decides to run. In a presidential year, it is unlikely he will, so Sen. Sheldon Whitehouse is a solid favorite for re-election. 2010 gubernatorial nominee John Robitaille (R) has already closed the door on a senatorial challenge.

Vermont – Sen. Bernie Sanders (I) is another strong favorite for re-election, but state Auditor Tom Salmon (R) is making noises about challenging the first-term senator. A statewide official would give the Republicans the opportunity of making this a competitive race.

Safe Democrats

California – Dianne Feinstein (D)
Delaware – Tom Carper (D)
Maryland – Ben Cardin (D)
New York – Kirsten Gillibrand (D)
Washington – Maria Cantwell (D)
West Virginia – Joe Manchin (D)

Republican Questions

Arizona – Retirement rumors are swirling around Sen. Jon Kyl. The senator has yet to begin an active re-election effort, thus suggesting he may decide to call it a career. The seat is competitive in an open situation.

Nevada – This is clearly the most vulnerable Republican seat, should scandal-tainted Sen. John Ensign win re-nomination. Rep. Dean Heller (R-NV-2) is considering a Republican primary challenge. Heller would have a good chance of winning the nomination and the seat. Democrats are in strong shape if Ensign qualifies for the general election. Rep. Shelley Berkley (D-NV-1) is a potential Democratic candidate and promises to make her intentions known in mid-February.

Lean Republican

Massachusetts – Sen. Scott Brown (R), elected in an early 2010 special election, must stand for a full term in 2012. Despite Massachusetts being one of the most reliable of Democratic states, Brown’s numbers appear strong and he has a legitimate chance to win again. Once the Democratic field gels, a better assessment can be made.

Likely Republican

Indiana – Sen. Richard Lugar (R), who will be 80 at the time of the 2012 general election, has already announced that he is seeking re-election. A predicted Tea Party primary challenge could be his biggest problem. Lugar looks strong in a general election, but the GOP primary situation could change the outlook.

Maine – Sen. Olympia Snowe (R) has some of the better general election approval ratings of any 2012 in-cycle senator but, she too, has Tea Party problems in the Republican primary. Her situation in that regard has improved of late, however.

Safe Republicans

Mississippi – Roger Wicker (R)
Tennessee – Bob Corker (R)
Texas – Kay Bailey Hutchison (R) – Open Seat
Utah – Orrin Hatch (R) – Potential Tea Party convention challenge
Wyoming – John Barrasso (R)

Analyzing this initial line-up, it appears the Republicans’ chances of gaining an outright majority are good today, though there is no chance the net increase could be so high as to score filibuster-proof control.
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Our 2012 Senate Outlook – Part II

Continuing our early analysis of the 2012 election cycle, we now look at some more select states featuring a senate race next year. Be sure to read through our post on Jan. 5 for our analysis of the initial group of states that we looked at.

Nevada – Sen. John Ensign (R) – The fallout from a highly publicized sex scandal still leaves Sen. Ensign in a vulnerable position both in the Republican primary and the general election. Rep. Shelley Berkley (D-NV-1) says she will announce by mid-February whether she will run for the Senate. This is the GOP’s most tenuous situation in the country.

New Jersey – Sen. Bob Menendez (D) – New Jersey political insiders suggest that bio-tech entrepreneur John Crowley (R) will challenge Sen. Menendez next year. Crowley, currently president and CEO of Amicus Therapeutics headquartered in Cranbury, NJ, is the inspiration for the 2010 movie “Extraordinary Measures” starring Harrison Ford and Brendan Fraser. The film depicts Mr. Crowley’s efforts directing his previous company to find a cure for Pompe Disease, a serious and life-threatening muscular disorder that infected two of his three children. Although he has significant personal resources, Crowley’s business connections and “star power” put him in position to raise the necessary funds to be competitive. If Crowley runs, the NJ Senate campaign becomes a race to watch.

New Mexico – Sen. Jeff Bingaman (D) – Recently, former Rep. Heather Wilson (R-NM-1) made some public statements suggesting that she is considering challenging Sen. Bingaman, a five-term incumbent. Her entry into the race would certainly give the Republicans a credible candidate, but Mr. Bingaman appears to be in strong political shape. He will have the edge against all comers.

North Dakota – Sen. Kent Conrad (D) – With strong Republican victories at the Senatorial and congressional level in 2010, the GOP will mount a strong challenge to Sen. Conrad, particularly noting the fate of his Budget Committee counterpart, defeated Rep. John Spratt (D-SC-5). Conrad chairs the Senate Budget Committee; Spratt held the same position when the Democrats controlled the House. Public Service Commissioner Brian Kalk and Attorney General Wayne Stenehjem are the names most often mentioned as potential Conrad opponents.

Ohio – Sen. Sherrod Brown (D) – The stage appears set for newly elected Lt. Governor Mary Taylor to take a shot at Sen. Brown next year. For her part, Taylor is uncommitted to such a race, but the other potential candidates, such as Rep. Jim Jordan (R-OH-4), appear to be either dropping out or taking no action to run. This will be a highly competitive race.

Rhode Island – Sen. Sheldon Whitehouse (D) – Despite the Republicans’ current poor position in the Ocean State, they are not without some credible potential candidates to oppose Sen. Whitehouse. Outgoing Gov. Don Carcieri (R) is not closing the door on a future political run and has not ruled out challenging Whitehouse next year. John Robitaille, who did surprisingly well in the 2010 Governor’s race – placing second to Independent Lincoln Chafee but ahead of Democrat Frank Caprio – is also a possibility. Though the Democratic nature of Rhode Island, particularly in a presidential election year, lends considerable strength to the Whitehouse campaign, either Carcieri or Robitaille could give him a run for the money. Whitehouse is the favorite in 2012 against all potential opponents, but this race could get interesting.

Texas – Sen. Kay Bailey Hutchison (R) – Despite saying she would resign her seat before her run for governor that ended in a stinging defeat, it is still not clear whether she will seek another term in the Senate. Most believed Texas would feature an open seat election in 2012, but such may not be the case. If she does retire, then look for a mega-Republican primary that will contain several statewide elected officials and maybe a congressman or two. The Democrats seem pretty set with former state Comptroller John Sharpe as their candidate. He has lost two races for lieutenant governor since leaving his post. Whatever happens on the Republican side, the GOP will be heavy favorites to win in November 2012. As in most every year, the Democrats will claim to have a chance, brandish polls showing them in good position, but then lose by 12 points.

Virginia – Sen. Jim Webb (D) – This promises to be one of the top races in the country. Sen. Webb has curiously not yet committed to seeking re-election and murmuring even among Democrats suggests that it’s possible he will retire after just one term. If he does, watch for Democratic National Committee chairman and former Gov. Tim Kaine to enter the race. Ex-Gov. and Sen. George Allen (R), the man Webb beat in 2006, is gearing up for a re-match. He appears to have the inside track to the Republican nomination. Polling shows a tight Webb-Allen race. The Democrats will likely be stronger with Kaine as their nominee.

West Virginia – Sen. Joe Manchin (D) – Like Sen. Gillibrand, newly elected Sen. Manchin must also stand for election again in 2012, as he won only the right to serve the final two years of the existing term in the last general election. With all of the focus on the state’s basically open gubernatorial race, the position Manchin vacated to run for Senate, he begins the current election cycle as a prohibitive favorite.

Wisconsin – Sen. Herb Kohl (D) – There has been intense speculation that Sen. Kohl, who will be nearing his 78th birthday at the time of the next election, will retire. If he does, defeated Sen. Russ Feingold (D) waits in the wings. Should Kohl seek re-election to a fifth term, he will be a heavy favorite and likely escapes a strong challenge. Most Republicans are looking to Rep. Paul Ryan (R-WI-1) to run if the seat opens, but he may decide the stakes are too high to risk defeat in a state that normally trends Democratic, 2010 notwithstanding. Attorney General J.B. Van Hollen is another potential Republican candidate.
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For further detailed insights, to sign up for my daily email updates, or to sign up to track specific issues or industries, please contact me at PRIsm@performanceandresults.com.