“Welcome to the Recovery!,” shouts Treasury Secretary Timothy Geithner. (Yeah–you’re welcome to it, pal.) Running a ponderous description of everything you think you’ve been doing in the New York Times–yeah, that’ll do it. That’ll make of those jobless folks in the Rust Belt feel better and put money in the pocketbooks of all of those people whose unemployment benefits have run out nationwide. Former Clinton Administration Labor Secretary Robert B. Reich has a better handle on, yes, feeling your pain, and acknowledging the gap between Wall Street profits and Main Street realities.
Meanwhile–the Unelected Senator from St. Alban’s Locust Valley Wall Street Colorado Michael Bennet has loaned his struggling primary campaign $300,000! Yes, friends: all of that business acumen learned at the feet of right-wing union-busting billionaire Phil Anschutz has led him to run the most expensive U.S. Senate campaign in Colorado history–and all he has to show for it is a 20-point reversal in the polls in six weeks. I’ve said it before, and you know I’ll say it again: what a tool.
That Bennet had to give himself cash a week before ballots are counted means his campaign has burned through almost $5.8 million. That figure exceeds all previous spending records in Colorado Senate primaries.
In July alone, the campaign spent $1 million.
How does this compare with what his primary opponent, “career politician” Andrew Romanoff, has spent so far? “Bennet has spent $1.9 million on advertising to Romanoff’s roughly $757,000, both campaigns said. Romanoff’s total spending so far is $1.7 million, compared with Bennet’s nearly $5.8 million. ” Romanoff isn’t taking Political Action Committee (PAC) money so he has far less money to throw around–yet he’s turned around Bennet’s 17-point lead in mid-June into a 3-point lead for him. Maybe Romanoff has learned a thing or two about timing and running a campaign in his, you know, career in politics? Just a thought.
My prediction: Bennet will either lose next week, or he’ll lose in November. He’s going to have to clean out his desk in January, in any case.