Category: Money in Politics

Mr. Yarmuth goes to market

John Yarmuth
Yarmuth

In his most recent financial disclosure report, Rep. John Yarmuth (D-Louisville) said he’d bought stock in 23 companies, including four expected to grow faster than sleepy “widow and orphan” stocks. But they can also be more risky; high flyers can go way down, too.

The report doesn’t disclose exactly what Yarmuth paid per share, nor how much he invested, only valuing the stakes in the range of $1,000 to $15,000 each. Still, we can get a glimpse at their performance by comparing their closing price on the date of the report to Friday’s closing price.

His results were mixed: The best performer was Facebook, and the worst was Irish drugmaker Allergan. We’ve thrown in the S&P 500 index for comparison.

Yarmuth stocks

Related: Search for more congressional financial disclosure reports. And follow Boulevard’s stock portfolio of big Louisville employers.

As NRA readies big annual meeting here, equally big Ky. political donations emerge

Some 70,000 National Rifle Association members are holding their annual meeting in Louisville this week, a four-day gathering that will include speeches on Friday by White House hopeful Donald Trump, plus Gov. Matt Bevin, Sen. Rand Paul, and others.

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McConnell

The group gave $810,462 to federal candidates for the 2014 election, including a total $22,900 to six Kentucky Republicans, according to the non-partisan Center for Responsive Politics:

  • Sen. Mitch McConnell: $9,900
  • Rep. Hal Rogers: $5,000
  • Rep. Brett Guthrie: $2,500
  • Rep. Ed Whitfield: $2,500
  • Rep. Andy  Barr: $2,000
  • Rep. Thomas Massie: $1,000

Overall, the NRA’s Political Victory Fund has given $197,609 to Kentucky congressional candidates since 1998, according to this new Courier-Journal story.

Unexpectedly, the Responsive Politics center’s data, from the Federal Election Commission, doesn’t show any NRA money for Sen. Paul. And I don’t find any going to Bevin, according to the National Institute on Money in State Politics’ data for the governor; it tracks campaign money at the state level.

The NRA meeting and trade show will be held at the Kentucky Exposition Center; more key information in today’s CJ, which also reports on the group’s history and rise to one of the nation’s most powerful organizations.

Related: etiquette advice for party hostesses who don’t want gun-totin’ guests.

With $352K from Kentucky, Sanders taps ice cream king in Louisville today

bourbon-brown-butter-bulk-detail
Bourbon Brown Butter

That’s Ben & Jerry’s co-founder Jerry Greenfield, who’ll give away free ice cream while campaigning for White House hopeful Bernie Sanders today at 3:30 p.m. at Fourth Street and Muhammad Ali Boulevard, according to WDRB.

Despite yesterday’s West Virginia primary win, the Vermont senator still faces an uphill battle against former Secretary of State Hillary Clinton; in Kentucky, he’s raised $352,236 vs. her $443,851, according to the latest Federal Election Commission data.

Ben & Jerry’s also is based in Vermont. It was sold in 2004 to Anglo-Dutch conglomerate Unilever for more than $2.5 billion.

Metro Council candidate Reily’s roster of donors is a who’s who of local business luminaries

Stephen Reily
Reily

They’ve helped Stephen Reily power his way toward raising more money than any council candidate in a primary election since city and county governments merged. The philanthropist has amassed a $134,450 war chest for his District 8 race, well ahead of his six Democratic opponents, The Courier-Journal reports today.

An executive of the West Louisville FoodPort, Reily has ponied up $40,000 of his own, in addition to the $94,450 raised from other donors, who are limited to $1,000 in per-person gifts. The newspaper says they include:

Reily’s personal fortune comes from his family’s Louisiana-based food and beverage company, according to the CJ.

Donald Trump’s paltry fundraising in Kentucky shows how far he’s got to go

Here’s how much Donald Trump has coasted on free publicity in Kentucky to advance his who’d-a-thunk-it presidential campaign: He ranks No. 10 among candidates who’ve collected contributions in the state, raising a grand total of only $27,654, according to the latest Federal Election Commission numbers. Compare that to Sen. Rand Paul, who raked in $367,924 in the state before dropping his bid three months ago, and likely Democratic nominee Hillary Clinton‘s $443,851.

DTC-ODTRH-BK-1
Yours for $25.

To be sure, Trump hasn’t done any formal fundraising so far, relying instead on casual contributions and merchandise sales through his campaign website. But now that he’s got a virtual lock on the GOP nomination, his days of relying solely on gratis media attention are over. He acknowledged as much yesterday, but ruled out self-funding his campaign, however many billions he may have in the bank, according to Slate.

Related: For the third consecutive month, Sen. Bernie Sanders raised more money in Kentucky than any other presidential candidate. And more about Louisville politics.

Bernie Sanders
Sanders

For the third consecutive month, Sen. Bernie Sanders raised more money in Kentucky than any other presidential candidate, according to a new report by the Kentucky Center for Investigative Reporting. The Vermont senator’s Kentucky contributions overall still trail former Secretary of State Hillary Clinton’s by about $92,000, “but he is making up ground fast,” writes James McNair.

Related: more news about Kentucky politics.