When it comes to money, the 2012 election contest for Indiana superintendent of public instruction is shaping up as Bambi vs. Godzilla.
Godzilla would be current superintendent Tony Bennett, a Republican who was sitting on a campaign war chest of $549,758 as of the end of March and had established a network of donors that includes fabulously rich Wall Streeters and members of the education politics elite.
Democrats won’t choose Bambi until the state party convention in June. Justin Oakley, a Martinsville teacher and the one announced Democratic candidate, has $8,786.71 in his campaign account. He raised $6,142 in the first three months of the year, with no contribution bigger than $250.
Bennett, meanwhile, was raking in the cash. It looks like he hit the road in early February and, after some high-buck fundraisers, came back flush. His campaign brought in $67,484 between Feb. 2-14, almost 95 percent of it outside of Indiana.
Add three more large contributions this month — $10,000 from Carmel businessman Mike Weaver, $10,000 from New York hedge fund manager Paul Singer and $15,000 from the Fort Wayne-based Northeast Indiana PAC for Better Government LLC – and Bennett’s advantage is even more lopsided.
Bennett’s biggest donor has been Dean White, a Merrillville hotel developer. White gave the campaign $50,000 in March after having given another $50,000 in 2011. Also right up there is Daniel Loeb, another New York hedge-fund manager, who gave Bennett $25,000 in February. Loeb, described in media accounts as “notoriously prickly,” reportedly paid $45 million cash in 2007 for his penthouse unit at 15 Central Park West, a New York condo price record at the time.
It’s sort of touching, isn’t it, that Loeb apparently cares enough about Indiana children that he can take a break from making money and sending rude emails to competitors Continue reading