Meg Whitman Trumps Michael Bloomberg On Absurd, Neo-Gilded Age Campaign Spending
But Meg Whitman has shattered that mark, spending $119 million of her eBay fortune on her bid for governor of California. And there's still six weeks to go.
Already, Meg has spent far, far more than Mike did on TV and radio ads. She's also on pace to vastly outspend the highly consulted New York mayor on consultants.
But there are some areas where Meg has been stingier than her fellow tycoon. A full accounting after the jump.
This is not an apples-to-apples comparison, because Whitman's spending reports only go through June 30. So for the most part, her figures reflect the primary election, while Bloomberg's account for his entire campaign. With that caveat out of the way, let's go to the numbers.
Whitman: $57 million
Bloomberg: $34 million
Whitman had lower name identification than the incumbent mayor, so you'd expect her spend more introducing herself (and demonizing Steve Poizner). But $57 million? Mind-boggling.
Whitman: $5.4 million
This is still crazy, but it makes sense on at least one level: Californians are more likely to listen to drive-time radio, while New Yorkers are more likely to read newspapers on the subway. Consider:
Bloomberg: $2 million
And there are some other areas where Bloomberg outspent Whitman by a country mile.
Bloomberg: $12 million
Whitman: $1.8 million
Rents must be a lot higher in Manhattan than in Cupertino. Apparently the same goes for staplers, paper clips, signature stamps, 3-hole punches, etc.
Bloomberg: $3.4 million
Whitman: $1.3 million
Each faced lightweight opponents, but Bloomberg seems to have been more paranoid about Comptroller William Thompson than Whitman was about Poizner. And with good reason: Thompson almost won.
Campaign literature and mailings
Bloomberg: $22 million
Whitman: $7.6 million
Look for Whitman to pull closer in the last few weeks of the campaign.
Lawyers and accountants
Bloomberg: $3.7 million
New York lawyers are expensive.
Bloomberg: $11.2 million
Whitman: $10.2 million
Whitman will end up crushing Bloomberg on this line item. After this campaign, Mike Murphy can retire to a private island with a lifetime supply of blow, interrupting his orgies only for the occasional cable news hit.