Hello Shyam

This just in:

Atlanta, January 10, 2006 – Shyam Reddy today announced impressive fundraising numbers in his latest campaign finance disclosure, making him the candidate to beat in this year’s race for Secretary of State. Far outstripping all other Democratic candidates’ efforts, Reddy reported more than $197,000 in new contributions from more than 500 donors, giving him approximately $350,000 in financial support for 2005 and an impressive campaign warchest of over $290,000, which represents the largest amount of net cash on hand for all candidates, including the seasoned and currently serving politicians on the Republican side of the race.

Very, very interesting. Will this kind of funding change the strategy of the other players?

3 comments

  1. buzzbrockway says:

    He’s an interesting candidate. Here’s another
    post about him. He calls himself a new kind of Democrat. We’ll see what that means, but with that warchest, I don’t think the other candidates of either Party should overlook him.

  2. He will not be overlooked. He reminds me of Barack Obama. Kinda scares me.

    Good news is we will have third candidate jumping in very soon. Someone who will be able to both fundraise and self Finance.

    This race will be all about media.

  3. RonaldJFehr says:

    The Secretary of State Leaders Overall are as follows:
    Total contributions to date:
    Bill Stephens 398,600.05
    Shyam Reddy 334,600.42
    Angela Moore 252,541.32
    Karen Handel 240,647.00

    Cash on hand to date:
    Shyam Reddy 290,792.23
    Angela Moore 245,353.07
    Karen Handel 202,393.69
    Bill Stephens 154,842.75

    Expenses to date:
    Bill Stephens 243,757.30
    Shyam Reddy 43,808.19
    Karen Handel 38,253.31
    Angela Moore 7,188.25

    Money raised during filing period ending Dec 31:
    Karen Handel 240,647
    Angela Moore 198,050.50
    Shyam Reddy 190,794.23
    Bill Stephens 171,365.05

    There are a number of conclusions to be drawn from those numbers:
    1) The Democratic candidates have been flying under the radar and are to be taken seriously.
    2) Angela Moore has an expense report that should make any candidate jealous.
    3) Bill Stephens has lost a lot of momentum since jumping out in front of everyone with his June disclosure.
    4) Karen Handel has been hurt by joining the race last.

    There is more to it than that simple synopsis though. Obviously Karen Handel and Shyam Reddy are running the more realistic campaign models given their expenditures vs. the money that has been raised. They, along with Angela Moore, also have the advantage of raising money for the next few months while Bill Stephens cannot.

    Bill Stephens will be at a Cash on Hand figure close to $50 by the end of the session if he continues to spend money the way he has. Perhaps he has already purchased his yard signs and media – doubtful.

    Expect the players to be Reddy and Handel that emerge as the front runners in their respective parties by the end of the next disclosure period. The gap between Reddy and Moore would be larger if Angela Moore had not lent herself 25,000, and she will eventually have to start spending. While Reddy has not lent himself any money, he has received over 15,000 from family members. On the Republican side, it’s difficult to imagine Stephens convincing anyone that he is fiscally responsible looking at his expenses. By the end of the session he will be a lame duck Senator, and have zero leverage to exert on the lobbyist crowd that makes up the majority of his support.

    Final call on the race in November is too difficult based on financial figures alone, Perdue vs. Barnes is the perfect example. That said, Karen was the only candidate to raise over 200,000 this period and she did that easily. I expect she will eventually out raise the field. Using that as a barometer, and her support in Fulton County as Commission Chair, a traditionally Democratic county, she should beat Shyam Reddy in a close General Election.

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