Third?

Jim Douglas finished third?

Take a look. There it is in black and white, In the latest political contribution reporting period, Douglas’s campaign raised $91,203.

That’s less than the $102,416 raised by State Sen. Doug Racine, who is one of the Democrats who wants Douglas’s job. It’s a lot less than the $190,737 raised by Secretary of State Deb Markowitz, who is another one.

Enough numbers. Numbers are booooring. In and of themselves, campaign finance reports are booooring. But sometimes there are stories behind the numbers. Sometimes there are even mysteries, which of course are not boring. This is one of those times.

We have here two questions and two mysteries. The questions apply to the Democrats, and we will get to them presently. The second mystery is really not so much a mystery as a secret, the secret of why campaign money is so important. It is a secret kept though the answer is in plain sight, but never discussed by the insiders, including political journalists.

We’ll defy the fraternity rules here, but thanks to the other mystery, it looks as though we won’t have time or space to do it today. So this will be a two-part exercise, to be completed Monday.

OK, let’s get to that first mystery: Does the (relatively) paltry Douglas report indicate that the governor might not seek a fifth term next year?

Probably not. It’s early. So early that there is still time for State Sen. Susan Bartlett, who says she is running but has raised no money, to become competitive. So early there is time for State Sen. Peter Shumlin, who has not yet said he is running, to announce his candidacy and get into the game.

So certainly there is plenty of time for Douglas to raise enough money by next year at this time to give him a huge financial advantage over whichever Democrat wins the primary (which won’t even have happened a year from now; it’s scheduled for September 14, 2010).

Douglas himself noted that the Democrats need more money earlier than he does, because Racine and Markowitz (at least) will be running against each other in that primary, while Douglas will be unopposed for the Republican nomination.

“They now have more money to beat each other up with,” he told the Barre/Montpelier Times-Argus.

So let’s beware the danger of over-interpretation. The danger in reading the tea leaves is that they may contain no message at all.

And yet….and yet…something seems out of kilter here. There is no doubt that had he really wanted to, Douglas could have raised much more. He has two overwhelming advantages: He’s the incumbent and he’s a Republican. Incumbents can always raise more money, and so can Republicans because, even in overwhelmingly Democratic Vermont, most of the overwhelmingly rich people are Republicans.

Conventional political wisdom holds that you take every advantage you can. Coming in with the biggest financial report gives you a few days of news coverage as being the top dog. Douglas could have raised $250,000 or even more, effectively sending a message to the Democrats saying ‘all right, children, you’ve had your fun. Here’s how we play in the big time.’

Not only is this conventional political wisdom; it is Jim Douglas’s method of operation. As a candidate, Douglas has been relentless. Even when he’s been 20 points ahead, his campaigns have attacked his opponents. Just think of the attack (deserved but unnecessary) on Gaye Symington last year after she refused to disclose her family’s financial information. For Douglas, passing up a chance to make himself look stronger than his opponents seems almost out of character.

But pass it up he did. It isn’t just that he didn’t raise that much money; it’s that he reported only 101 contributors. It’s as if he wasn’t trying.

So far, Douglas has not had a good year. Until this past spring, he had suffered but one political defeat in his life, failing to unseat U.S. Sen. Patrick Leahy in 1992. Since then he’s won every election he’s contested. As governor, he never got everything he wanted, but for six years he could block everything he didn’t want.

Now, after two of his vetoes were over-ridden, he faces a Legislature which not only has more Democrats, but shrewder and more aggressive Democratic leadership. He is also facing at least two more years of being governor when the state has no money. Generally speaking, being governor is fun when the governor can cut taxes and increase spending. Doing the opposite is clearly less fun.

It would hardly be surprising, then, if at least every now and then the words, “Why do I need this?” ran through this governor’s head. He’s just starting his year as head of the National Governor’s Association. Not a bad stage from which to take a final bow.

On the other hand, he’s only 58. And of the three candidates, only Douglas has spent money on actual politics (as opposed to logistics and organization) all year. Last month, according to his financial filing, he paid Public Opinion Strategies, the prominent Republican polling firm in Alexandria, Va., (creator of the famed “Harry and Louise “ads against the Clinton health care plan) $8,000 for “survey research.”

He’s also raising money. The same day he paid New Hampshire fundraising firm SCM Associations $4,000 for “fund-raising expenses.”

So he’s in the game. For now.

As to those questions about the Democrats. The first question is whether both Markowitz and Racine raised enough. They answer is yes. Obviously, raising more is better, but she didn’t raise that much more. Not enough to establish herself as a clear front-runner.

She has more cash on hand right now — $128,635 to roughly $82,000. But Racine, who didn’t start serious fund-raising until after the Legislative session ended, has enough in the bank, and has been raising money at a fast enough clip to be competitive.

But Markowitz had many more donors, almost all of whom can make more contributions to her campaign.

Another question is whether Markowitz was smart in trumpeting her fund-raising success on the liberal blog Daily Kos.

“I wanted to post a diary here to introduce myself and to announce the spectacular results of our first filing,” she wrote, before giving the web site’s millions of readers her campaign email address.

Smart, because it could help her raise more money and make her appear the established liberal favorite?

Or not-so-smart because it gives opponents, especially the Republicans, ammunition to attack her as being too far to the left, even for Vermont?

Actually, Daily Kos proprietor Marcos Moulitsas is less an ideologue than a pragmatic Democrat. But the web site’s strong stance against the Iraq war has linked it in the public mind with farther-left groups such as Moveon.org. Not that being strongly anti-war is a political liability in this state. But the blogosphere’s vibes have their negative connotations.

The biggest question of all, needless to say, is whether bringing in the most money assures ending up with the nomination, and then with winning the office. So far, Racine has done better than Markowitz at getting endorsements from legislators and other top Democrats. He has had the energy. She has the money.

Which is more important? Why? Why won’t anybody talk about it? Why is the importance of campaign money increasing in Vermont?

Tune in Monday.

Tags: Campaign Finance, Deb Markowitz, Doug Racine, Jim Douglas

This entry was posted on Friday, July 17th, 2009 at 12:15 am and is filed under Politics & Elections. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.