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Rahm Emanuel Discloses Campaign Funds, Leaving Little Doubt He's the Frontrunner

Posted: 01/21/11 09:35 AM ET

Chicago may be a flyover city for the elite in Los Angeles. But personal checks appear to be dropping from their Gulfstreams as they pass overhead -- and right into the coffers of Chicago mayoral candidate Rahm Emanuel.

The former presidential chief of staff left scant doubt late Thursday that he's the frontrunner to succeed retiring Mayor Richard M. Daley, the longest tenured head of a major American city, as he disclosed he's raised a stunning $10.7 million as of Dec. 31.

In addition, he transferred $1.1 million from his federal campaign fund dating to three terms as a congressman. The nearly $11.8 million swamps his three leading rivals, with Gery Chico, an attorney and former city official, the next closest for the same reporting period, at $2.3 million.

And while the Emanuel campaign sought to underscore that there were 2,494 individual contributors, with
 74 percent of them living in Cook County and more than half giving $250 or less, the real story is the head-turning sums for a Midwest mayoral election from very far away.

Israeli-born Hollywood producer Haim Saban and his wife contributed two checks of $110,000 each. Those alone would constitute a sizeable percentage of the total raised by two of Emanuel's three leading opponents for the nonpartisan election set for Feb. 22. If one doesn't receive more than 50 percent of that vote, the top two finishers wind up in a runoff.

David Geffen ($100,000), Stephen Spielberg ($75,000) and Eli Broad ($25,000) are among the L.A. notables contributing and doing so just before a Jan. 1 change in Illinois law limiting individual contributions to $5,000 each for primary and general elections. Others giving to Emanuel included Apple boss Steve Jobs and wife ($100,000), Facebook founding partner Sean Parker and entertainment industry figures Jeff Katzenberg ($25,000), Terry Semel, Garth Ancier and agent John Fogelman.

23 individuals wrote checks of $100,000 or more, with eight coming from out of state. Among the 75 donors who gave at least $50,000 are two prominent business figures from the "Right Coast," namely New Yorkers Donald Trump and Ronald Perelman.

"Impressive," was the email response from one of Chicago's wealthiest businessmen when I told him about the total haul and identities of some donors.

By comparison, rival Carol Moseley-Braun, the first African-American female to serve in the United States Senate, raised $450,660. City Clerk Miguel del Valle earlier indicated that his war chest is meager, with about $150,000.

The early conventional wisdom of a likely runoff may soon dissipate, especially given the coincidence of a Chicago Tribune-WGN-TV poll released Thursday. It suggests that Emanuel has a huge lead over second place Moseley-Braun and might be on his way to a Feb. 22
victory.

Tactically, it will be interesting to see if his increasingly frustrated opponents at least try to turn the prodigious fundraising report against Emanuel and portray him as in some way beholden to outside interests.

Then, again, the minds of many locals appear to be more focused on Sunday's Bears-Packers NFC Championship game than what has become a more spirited election campaign in recent weeks.

 
Chicago may be a flyover city for the elite in Los Angeles. But personal checks appear to be dropping from their Gulfstreams as they pass overhead -- and right into the coffers of Chicago mayoral cand...
Chicago may be a flyover city for the elite in Los Angeles. But personal checks appear to be dropping from their Gulfstreams as they pass overhead -- and right into the coffers of Chicago mayoral cand...
 
 
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HUFFPOST SUPER USER
KevinOConnor
full-time citizen
03:48 AM on 01/24/2011
ANYBODY BUT RAHM!!!
HUFFPOST SUPER USER
hrpmap
Retired man still active..
05:39 PM on 01/23/2011
So he's the front runner because of the most money, and of course we know that politicians go to the highest bidder.
HUFFPOST SUPER USER
Michael Dayne
12:34 PM on 01/23/2011
Anyone who knows anything about Chicago should know that Emanuel succeeding Daley was a done deal from the get go. The other candidates are just bit players in this charade.
This user has chosen to opt out of the Badges program
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12:28 PM on 01/23/2011
All in the Family for Rahm
11:22 AM on 01/23/2011
what about Citadel and Magnetar?
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HUFFPOST SUPER USER
Peter Noble 2
11:04 AM on 01/23/2011
I love American politics, does not matter if you are Red or Blue, money, money, money gets to vote first and we get to vote later. No wonder politics is regarded worse than....
06:45 PM on 01/22/2011
Go BEARS!!!
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HUFFPOST SUPER USER
Unshriven
I ALWAYS vote.
06:36 PM on 01/22/2011
Rahm's ambitions don't stop in Chicago.
06:41 PM on 01/22/2011
I see where you are going. Not going to happend.
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HUFFPOST SUPER USER
Peter Noble 2
11:04 AM on 01/23/2011
Never happen.
05:44 PM on 01/22/2011
Well everyone knows he as well as the office he is running for can be BOUGHT!!!!!
06:40 PM on 01/22/2011
Reality everywhere.
05:21 PM on 01/22/2011
This hardly warrants being made news. Another politician gets his head up the asses of the rich! Tell me something good that's happening for main Street.
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naschkatze
A free man creates himself.
06:41 PM on 01/22/2011
Knowing the truth is good for main street.
04:42 PM on 01/22/2011
This man is making Chicago cool.
Way to go Ruhm. You are the Democrat I would cast my vote for.
05:45 PM on 01/22/2011
SORRY TO HERE THAT...YOU SHOULDN'T VOTE FOR ANY OF THEM.
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HUFFPOST SUPER USER
Peter Noble 2
11:05 AM on 01/23/2011
He is a Democrat?
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HUFFPOST SUPER USER
FearlessFreep
I'm actually a radical leftist
12:16 PM on 01/23/2011
With a big D, not a little d.
thebigbike
ran away to be a cowboy
01:47 PM on 01/22/2011
Meg Whitman's campaign funds show her to be the overwhelming front runner!
12:45 PM on 01/22/2011
This article and the comments prove the hypocracy of the left. There is no mention of which party is buying this election in either because it is fine for Democrats to do this but no one else.
HUFFPOST SUPER USER
valeskas
catlover/book lover democrat
01:56 PM on 01/22/2011
If you don't want to read their opinions, why don't you go to Fox news. Thats where you belong.
ydrittmann
Vitter patronizes women.
11:35 PM on 01/22/2011
Someday, hopefully soon, Rahm Emanuel may reveal to which political party he belongs.
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HUFFPOST SUPER USER
KevinOConnor
full-time citizen
03:48 AM on 01/24/2011
Would it matter? Not a dime's worth of difference.
HUFFPOST SUPER USER
hrpmap
Retired man still active..
12:03 PM on 01/22/2011
So the defining factor in elections is who has the most money backers who want to buy the position, how sad.
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HUFFPOST SUPER USER
Peter Noble 2
11:09 AM on 01/23/2011
That's the American dream. Besides you do not want a poor person who has no tucseto or formal attire to become mayor? Imagine if a mere Clerk ran and won? Really my dear, the poor do not have a clue and it is better to leave running a government to the rich or connected. ...sigh.
10:45 AM on 01/22/2011
I have to ask what these "outside of Chicago" donors are expecting for giving him hundreds of thousands of dollars for his campaign? What has he promised them? This is kind of like the California Governor's race, dumping millions of dollars into a mayor's race seems fishy to me.
03:15 PM on 01/22/2011
that's what i wondered. do they get good will from his brother in hollywood?
07:28 PM on 01/22/2011
I wondered the same thing. What do Stephen Spielberg, David Geffen and the rest of them expect to get out of Chicago? My guess is that none of them can even locate the city on a U.S. map.