Sounds like a smart business man. So, why would you vote for "spend
money you don't have" Cuomo?
On 10/6/2010 5:18 PM, Tommy News wrote:
*GOP New York Gubernatorial Candidate Carl Paladino is a shady loose
cannon. Vote for Andrew Cuomo!*
When Paladino the Candidate Spends, Paladino the Businessman Often Earns
By DAVID M. HALBFINGER
<http://topics.nytimes.com/top/reference/timestopics/people/h/david_m_halbfinger/index.html?inline=nyt-per>
Published: October 6, 2010
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If Carl P. Paladino
<http://topics.nytimes.com/top/reference/timestopics/people/p/carl_p_paladino/index.html?inline=nyt-per>
comes up short in his run for governor against Andrew M. Cuomo
<http://topics.nytimes.com/top/reference/timestopics/people/c/andrew_m_cuomo/index.html?inline=nyt-per>,
he will not have thrown his money away. At least not all of it.
Of the $3.8 million that Mr. Paladino, a Republican, had spent as of
Sept. 27, nearly $2 million has gone to companies he owns or controls,
records show — most of it to a company he set up to produce his own
television and Internet advertisements.
Mr. Paladino’s campaign
<http://query.nytimes.com/gst/fullpage.html?res=9905E7DC1739F934A1575AC0A9669D8B63&pagewanted=1>,
based in Buffalo, also houses out-of-town guests in a budget hotel he
owns, leases cars from a rental agency he owns, parks cars in a garage
he owns and uses the services of an accountant whose other job is at
Mr. Paladino’s real estate development company.
When Mr. Paladino. who has said he will spend as much as $10 million
of his fortune on the race, cannot put campaign money back in his own
pockets, he at least steers it to people he does business with. He
buys handbills, signs and other materials from companies that lease
space from him, and his campaign treasury is deposited in a bank
branch that also pays him rent.
Michael R. Caputo
<http://www.nytimes.com/2010/09/25/nyregion/25caputo.html>, the
Paladino campaign manager, acknowledged that the businesses Mr.
Paladino owns charged his political committee deeply discounted rates.
“When we get an owner’s rate at the Staybridge Suites, it’s like a 30
percent discount,” he said, referring to one of the hotels Mr.
Paladino owns. “Is being a businessman an unfair advantage? Yes, it is.”
But Mr. Caputo insisted that the rates the businesses charged were not
so low as to break state election law. “Carl has partners in all these
businesses, and it wouldn’t be fair for him to run his campaign on the
backs of his partners,” he said. “They’re in it to make money. You can
see what their consternation would be if we were not paying for this
stuff.”
Such an approach is allowable under state election law so long as Mr.
Paladino’s campaign pays a “reasonable fair-market rate,” said John
Conklin, a spokesman for the State Board of Elections
<http://www.elections.state.ny.us/>.
But state law does not define what would be considered a sweetheart
deal, Mr. Conklin said. “For our purposes, there would have to be a
complaint, and we would make an assessment,” he said. “But the law
makes the campaign treasurer decide what’s reasonable or fair-market
value, just as the treasurer decides the value of an in-kind
contribution.”
Mr. Caputo said Mr. Paladino was achieving his biggest savings by
producing and placing his TV commercials in-house, rather than hiring
outside media consultants and media-buying firms. The new agency,
Ellicott Advertising, has no full-time employees. Instead, he said, it
pays a freelance media buyer a flat $6,000 a month to buy television
time — rather than paying commissions for any TV spending.
Aside from Mr. Paladino and his various partners, the biggest
beneficiaries of his campaign spending are associates of Roger J.
Stone
<http://topics.nytimes.com/top/reference/timestopics/people/s/roger_j_stone_jr/index.html?inline=nyt-per>,
the Republican political operative who helped engineer Mr. Paladino’s
rise from a wealthy Buffalo gadfly into a statewide political force.
In total, Mr. Stone’s associates have so far been paid about $1
million in fees.
Mr. Caputo, a Stone protégé, has received nearly $450,000 since March,
records show. Two companies controlled by Dianne Thorne, Mr. Stone’s
secretary — D. J. Thorne Inc. and Sea-Odyssey Group L.L.C. — were paid
a total of about $85,000.
Two direct-mail companies based in Teaneck, N.J. — the Rutherford
Group and Cornerstone Management Partners — were paid a total of about
$285,000. Marc Stein, the principal in both companies, said employees
of his who had done business with Mr. Stone previously brought him the
Paladino work as well.
Mr. Caputo, Ms. Thorne, and Cornerstone all worked last year for Truth
PAC, a Stone-run committee that fought against a casino-gambling
referendum in Toledo, Ohio, on behalf of MTR Gaming, which owns nearby
racetracks and casinos that would have suffered from the competition.
Overlap between Mr. Paladino’s vendors and Mr. Stone’s team in the
Truth PAC effort was first reported by The Village Voice.
Another company, Clamworks, of Wilmington, N.C., received $36,000 from
Mr. Paladino. It also earned nearly $50,000 last year working for
Truth PAC. Even a cameraman on the Truth PAC effort, William Rey,
resurfaced on the Paladino payroll.
Mr. Paladino also paid $200,000 in late August to a Virginia company,
Total Direct Response, owned by a woman who was an executive at a
marketing firm owned by Mr. Stone’s former wife. Mr. Caputo said the
firm printed mailers for the campaign.
More:
http://www.nytimes.com/2010/10/07/nyregion/07money.html
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Tommy
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