Archive for March 16th, 2010
Reporting on individual campaign donations now pointless
That pricey apartment shout-show host Rush Limbaugh seeks to unload for about $14 million — you know, the gaudy palace with not one but two grand views of Central Park and environs — sits in zip code 10128, down by Fifth Avenue and 86th.
The 62,000 or so folks in that Upper East Side zip code who don’t rent live in domiciles worth, on average, just under a million bucks. And those people in 10128 have donated $1.7 million in the 2010 election cycle to federal candidates, national parties, or PACs. (Sorry, Rush: Your neighbors preferred Democratic entities.)
But the folks in 10128 are cheapskates compared with the real money farther south on Fifth Avenue. The 100,000-plus people who live in 10021 have given $3.3 million. In fact, eight zip codes surrounding Central Park rank in the top 20 zip codes nationally in political giving by individuals for this election cycle, their residents having coughed up $17.4 million. 10021, 10022 and 10024 are the top three individual donor zip codes in the nation.
I was going to tell you this a few months ago. I had intended to point out that zip codes in and around Washington, D.C., where the real money is, ponied up $22.9 million in this election cycle. I’d planned to tell you that individuals in the top 50 zip codes in the nation had so far contributed nearly $74 million to federal candidates or committees.
But these numbers summarizing individual donations direct to candidates or parties have become meaningless. That means I will likely end four years of writing about them.
Read the rest of this entry »