Rudy's Bank Balance
Word that Rudolph W. Giuliani's PAC is raising money tonight led Power Plays to the former hizzoner's filings with the Federal Election Commission, which reveal that as of April 30, Rudy's Solutions America had about a third as much money on hand ($223,662) and Gov. George Pataki's 21st Century Freedom PAC ($647,077).
The purpose of these pre-presidential PACs is to fund not just the physical infrastructure of a campaign but the political foundation as well. In other words, you raise money to give it to other office-seekers in the hopes that they support you in the primaries. So far, Giuliani has shared his dough with a handful of Republican office-seekers around the country and locally. Vito Fossella, Peter King, and John Sweeney got checks, as did Preserving America's Traditions, the creepy-sounding PAC run by Senate Intelligence Committee chairman Pat (get it, P-A-T?) Roberts.
Meanwhile, other mostly corporate PACs have given cash to Rudy, including Verizon's, Pfizer's, and the PAC run by Ernst & Young (which also gave Giuliani Partners, the mayor's consultancy, some of its first work). The list of the mayor's 79 individual contributors reads like a reunion episode of the Giuliani Administration. Randy Mastro, Christyne Lategano, Paul Crotty, Anthony Coles, and John Dyson are just a few of the former aides who've chipped in. Former NYSE boss Dick Grasso, failed GOP gubernatorial hopeful Bill Weld, and 9-11 compensation czar Ken Feinberg also passed the hat, as did Jets owner Woody Johnson and Yankees counterpart George Steinbrenner.
As reported elsewhere at the time, Mayor Bloomberg tossed in $5,000 last year. Amid the recent speculation, this raises a question: If the current mayor runs for president, will the former mayor who also might run for president pay it back?