Governor Paterson Is Nearly Insolvent


Even though Governor Paterson’s past three months “have been his best,” as Chris Smith writes in the magazine this week, the incumbent currently has about enough primary-campaign money to buy seven moderately sized “Vote for Paterson” buttons. Well, a little bit more than that — he has $620,000 on hand. But that’s still less than the already unimpressive $3 million he was thought to have had, and way less than the $12 million his presumed audaciously popular opponent Andrew Cuomo has stockpiled for the race. For some perspective, $620,000 isn’t even enough to buy one week’s worth of television airtime. Nevertheless, Paterson is pushing forward with confidence. At a strategy session in Harlem over the weekend, he promised to raise $8 million over the next few months, though potential donors may be hard-pressed to contribute, for the same reason that they don’t drive to the beach and throw wads of cash into the ocean.

Gov. Paterson has mere $620G to battle $12 million-man Andrew Cuomo in primary [NYDN]
Paterson vows $8M boost to battle Cuomo [NYP]
Related: David’s Goliath [NYM]