Gravel Supporter Puts His Money Where His Mouth Is

The following piece is produced by the Huffington Post's OffTheBus.


Jon Kraus contributed reporting to this article.

Snow Pond, NH -

About two weeks ago, a supporter of Sen. Mike Gravel purchased a full page advertisement in the Concord Monitor. The ad likened Gravel to New England's favorite, and currently dominant, sports teams:

"The Red Sox and Patriots used to be underdogs, too."

It was a very simple ad, composed of little more than a metaphor and a plea for voters to "root for" Mike Gravel. The man behind that ad, Gregory Chase, just decided to up the ante a whole lot. Today he is putting more than $1,025,000 of his own money on the line for the cause of a low-polling, financially-floundering former Senator from the wilds of Alaska. That's right, Million with an "M".

Mr. Chase is a Harvard-educated hedge fund manager and a New Hampshire resident. He is also a newcomer to political activism, but he is entering the game with a bang. Upon hearing the news that Gravel was being excluded from October 30th's DNC/NBC debate, Chase decided that he needed to do something about it.

He called NBC to find out why the decision was made. NBC pointed Chase to Drexel University, where the debate is to be held. So he called Drexel, who said to call the DNC. Then the DNC told him to ask NBC. No one could shed light on the actual criteria for why Gravel was not allowed in the debate. Ultimately Chase felt that it was "pretty clear" that it was NBC's decision.

So what does the young multimillionaire with a newfound political will and a heartfelt cause to celebrate do about it? He contacts NBC and tells them that if money is an issue, he would be willing to pony up the dough himself. Today Chase sent this letter to five executives at NBC, DNC chairman Howard Dean, the President of Drexel University, and also published it as an advertisement in four newspapers. In it, he said this:

If it would help get Senator Gravel back into the debate, I offer to purchase $1 million of advertising from NBC, or simply pay NBC $1 million in exchange for the service of allowing Senator Gravel to participate in your debate.

Chase wasn't even done yet. Well aware that the NBC stunt might not pan out, or that it might smack of pay for play, he simultaneously posted a more populist video on youtube offering a $25,000 prize for the Mike Gravel-related video that receives the most views between now and December 31, 2007. In the youtube video, the entire wad of cash can be clearly seen sitting atop a couple of newspaper advertisements also supporting Sen. Gravel. Here in the upper Granite State, north of Concord, that is what you might call cash on the barrelhead.

Those newspaper ads, by the way, are more than just a one-trick pony. Chase has purchased advertising space in the three major New Hampshire newspapers, the Monitor, the Manchester Union Leader and the Nashua Telegraph every single day between now and the end of the year. These ads are all entirely funded by Mr. Chase, they are not connected to the campaign, and touch on issues ranging from decreasing military spending to repealing the Federal Income Tax in favor of a national sales tax and imposing a carbon tax. There is even one advocating lowering the drinking age to 18, the same age at which one can join the military. All of them match Sen. Gravel's positions and hint at Mr. Chase's passion.

Having worked as an oil trader for Morgan Stanley before recently moving to the hedge fund business, Chase is no stranger to the role of money and oil in the upper ranks of our economy. The idea that Gravel might be excluded from a debate because of a lack of money raised a major red flag.

"It strikes me as so incorrect. Some of the things about earning money are great," Chase remarked, "but sometimes money can play into people's perception of themselves or others in ways I don't like. To think that a prerequisite to being a politician or President is to know people who have money in the bank is very unfortunate. It is completely bogus to cite how much money he has, and it gets my blood boiling to think that's how our political system is working."

Chase also lamented Gravel's financial disadvantage as a non-incumbent. "Gravel needs a little push.
I would imagine it is a whole lot easier for the others to make a few phone calls" to build up the campaign coffers. "But," he said, "that's not what his campaign is about."

Gravel's name recognition problem, as well as his candor, are big part of the justification Chase gives for his monetary support of the Senator.

"He used to have a pretty big name, but he doesn't now even though he has been a multi-term senator. I think that should count for something. And he's got the guts to criticize other candidates."

By that logic, it only seems fair that a millionaire like Chase should try to help make up the difference, whether by offering to buy his debate ticket or flying the flag every day in the newspapers. After all, it was a haphazard glimpse of Gravel at an earlier debate that got him interested in the first place.

Chase calls himself an Independent and also likes some of the things that Ron Paul is saying. His first foray into politics was simply voting in 2004. A young man in his late 20s, he wonders whether this new enthusiasm is a matter of going through a normal process of political awakening, or something different, something bigger.

"Maybe I just don't like the way things are, or maybe this is a unique time. This country is headed in a direction that's not so appropriate and not so great. It causes me a lot of anxiety."

As for Gravel, "I just saw him at the debate and realized that [with the other candidates] we are choosing between republic and empire. Senator Gravel understands that it and makes me have a great deal of respect for him."

For a million plus, that is some respect.

Jose Rodriguez, a Gravel staffer, said of the NBC offer, "We are aware of it. We don't know if it is legal or if it is legitimate. Somebody here is trying to get to the bottom of it."

But more to the point he said, "It shows a lot by the actions of our supporters who are willing to put up quite a bit of money and raise a lot of hell."

For sure.

As for the legality of the issue, Chase said that he had spoken with an election lawyer who advised him to make dependent expenditures on behalf of Gravel, where his name would have to be attached to any advertisements he made, along with a notation that it was not involved with the campaign. Furthermore, Chase mentioned that he has never met Gravel, and for that matter has never been to a political rally in New Hampshire. At first Chase was reluctant to release his name, but then he realized, "Hey, this is what I believe. Why would I mind putting my name on it?"

"I've stopped working on the day to day operations of my hedge fund right now because I'm focused pretty much full time on trying to get Sen. Gravel's name out. He is polling low, he is a longshot, but it is critically important that he get his ideas out. A lot of people will support Gravel and his ideas once they learn about them."

As for Chase's million dollars?

"We could put it in a fireplace and burn it for all I care, as long as he gets in the debate."

Jon Kraus also contributed reporting to this piece.

Comments

[jdm58]

Not surprised to see MSM, especially NBC, locking out candidates. They decided last Spring who the frontrunners were, and that was that. Their polls are bogus, and their coverage feels like inside traders smirking at anyone who remotely doesn't agree with what they're selling. And they ARE selling- network advertisers carry a lot of weight on what gets shown on the boobtube. It's time to ignore their polls, and take a stand for who we believe in. There are a lot of GOOD candidates being ignored!

[demsrnuts]

Let Gravel speak..Sign the petition :

http://www.thepetitionsite.com/1/dont-let-aarp-exlude-mike-gravel

[larry278]

NBC is a member & vital part of the MSM; while the MSM's components are big & influential, nobody has ever accused the MCM of being honest & made the charges stick.

[Minden]

GE owns NBC. GE profits big time from the Industrial Military complex. Sen. Gravel pointed this out. Coincidence that he is now being shut out of debates? Send emails or call GE telling them they have no right to decide who we can or can't listen to in these debates.

Way to go Mr. Chase!

[GregNewYork]

I've been a Fan of Mike Gravel since the 1st Debate.

Mike Gravel probably saved my life. His effort to end the draft eliminated any chance of me getting DRAFTED and SENT TO VIETNAM when I turned of legal killing age in 1982.

If it wasn't for him, the Vietnam War would have still been going on in 82 and the chances of my name being engraved in my local town's memorial to fallen soldiers would have been great to say the least.

Thank You to the Man putting up the Money for Gravel's advertising!

[MGSupporter]

Well said GregNewYork, I feel certain that Mike Gravel saved many lives by getting the draft stopped. I want to add my thank you to Mr. Chase for his efforts to get Mike into the Oct. 30 debates.

[mellowizz]

What a sad day in our country when a statesman like Mike Gravel is excluded from the debates for some arbitrary reason. If money was the issue, then that speaks volumes of our political process.

I applaud Mr. Chase for standing up for what he believes in and voting his conscience! After all choosing the best candidate is the point of the primary, not the one you think is most likely to win.

Gravel 08! Give them hell.

[project]

I think Gravel is a good man, miles above the shit we have in the whitehouse. hell the senate and congress to.
If we don't clean out washington remove the career criminals that occupy it now we all are doomed.

[drkazmd65]

What you said project,... what you said,...

[ElkoJohn]

I thought only the mulahs in Iran could remove candidates from an election ???

[paixa3]

surprise, surprise.....I guess the extreme capitalists in the USA can do so too.

[TTigerX2]

The reason NBC capitulated is because Hillary doesn't want Mike Gravel's honesty. She wields some muscle at NBC. She doesn't have the wit to dodge Mike's piercing intellect and integrity. Chase has inspired us all to think of another way to bring truth to the Democratic candidates.

[thatvisionthing]

No no, Hillary's got The Cackle. She can debate anyone, she's got the answer: "Ha ha ha."

Gravel: And I am ashamed of you, Hillary, for voting for it [Iran resolution--"essentially a fig leaf to let George Bush go to war with Iran"]. You're not going to get another shot at this because what happens if this war ensues, we invade, and they're looking for an excuse to do it. And Obama was not even there to vote.

Russert: Senator Clinton, I want to give you a chance to respond.

Clinton: Laughter

http://www.msnbc.msn.com/id/21327206/

[thatvisionthing]

Is Hillary behind NBC's decision? It would be nice if we still had investigative journalism in this country.

Motive and opportunity: Sen. Mike Gravel: Why Hillary Scares Me -- http://www.huffingtonpost.com/sen-mike-gravel/why-hillary-scares-me_b_53586.html

It's good.

[HeevenSteven]

Bravo to Chase! I sent Chuck Todd at NBC an email Monday to complain about Gravel's exclusion. Tuesday I got this was his response which looks like proof that it was NBC's decision.

"Thanks for your email. As you may already know, no network has given Sen. Gravel more opportunity to get his message across than NBC and its affiliates via both interviews and debates. But with the election season beginning in just 72 days and more candidates trying to get into our debates, we believed it was necessary to have some minimum standards. Leaders and activists from both parties believe our requirements are very fair. Unfortunately, Sen. Gravel did not meet those minimum requirements. The standards we used included measuring the amount of time the senator spent campaigning as well as poll standing and financial resources. "

[mattnetto]

First, it is very shady that NBC wasn't being up front about why Gravel wasn't invited to the debate. If it's money, say it. If it's his polling numbers, say it. If it's because he's trying to fight the military industrial complex, say it. The Press is so important to democracy and it is dangerous if they are going to employ the same secrecy as the Bush Administration in deciding what information gets to reach the People.

But major praise for this hedge fund manager. Perhaps his next big donation should go towards campaign finance reform.

[drkazmd65]

It certainly is nice to see at least one hedge fund manager put all that new money to good use.

Too bad all the old money is inherently corrupted.

Too bad it takes somebody with a backbone, a big checkbook, and scruples to actually get an honorable man heard in his run for President.

I may not end up voting for the Senator, but I love what the man says, and how by simply saying it he forces some of the other 'first tier' candidates to spend time at least giving lip service to these issues.

Kucinich / Gravel '08 - the only real Democrat ticket!