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Corzine Announces Bid for N.J. Governor

Old 12-03-04, 08:35 AM
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Corzine Announces Bid for N.J. Governor

<a href = "http://story.news.yahoo.com/news?tmpl=story&cid=536&e=2&u=/ap/20041203/ap_on_el_gu/corzine_governor"><b>Corzine Announces Bid for N.J. Governor</b></a>

By STEVE STRUNSKY, Associated Press Writer

NEWARK, N.J. - Four years after spending more than $60 million of his own money to get elected to the Senate, Democrat Jon S. Corzine announced Thursday that he is running for governor in 2005.

The former investment banker, whose political intentions have been widely reported in recent days, becomes the first Democrat to officially enter the race. Polls have shown Corzine would be the early front-runner.

"I believe I can do more for the state of New Jersey and its citizens as governor," the freshman senator said. He said he left private life for the Senate to press for better health care, education and government, and pledged to continue those battles.

Corzine is entering the race nearly four months after Gov. James E. McGreevey, a Democrat, announced his resignation and disclosed that he had had a gay affair.

Corzine, 57, was elected to the Senate in 2000, the first try for public office for a man who made a fortune as head of investment bank Goldman Sachs.

He was only two years into his Senate term when the party tapped him to head the Democratic Senatorial Campaign Committee, a job that involves extensive fund raising and recruitment of candidates.

Corzine's possible Democratic rivals include Richard J. Codey, the Senate president who is serving out the final year of McGreevey's term.

The Republicans who have announced their candidacies include businessman Doug Forrester, who lost a Senate race to Democrat Frank Lautenberg in 2002, and Bret Schundler, who lost the 2001 governor's race to McGreevey.

The winner of the governor's race will appoint someone to serve out the final year of Corzine's Senate term.

David Rebovich, director of the Rider Institute for New Jersey Politics, said Corzine must convincingly explain his decision to leave the Senate so soon after the 2000 campaign. Otherwise, Rebovich said, "he will be subject to the criticism that he's a bored billionaire with no power in Washington and he just wants to come back to Jersey."
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Old 12-03-04, 09:03 AM
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One thing for certain - if he's successful in his governor's race - the average wealth of Senators will decrease.

Senate millionaires
John Kerry, D-Massachusetts: $163,626,399
Herb Kohl, D-Wisconsin: $111,015,016
John Rockefeller, D -West Virginia: $81,648,018
Jon Corzine, D-New Jersey: $71,035,025
Dianne Feinstein, D-California: $26,377,109
Peter Fitzgerald, R-Illinois: $26,132,013 GONE
Frank Lautenberg, D-New Jersey $17,789,018
Bill Frist, R-Tennessee: $15,108,042
John Edwards, D-North Carolina: $12,844,029 GONE
Edward Kennedy, D-Massachusetts: $9,905,009
Jeff Bingaman, D-New Mexico: $7,981,015
Bob Graham, D-Florida: $7,691,052 GONE
Richard Shelby, R-Alabama: $7,085,012
Gordon Smith, R-Oregon: $6,429,011
Lincoln Chafee, R-Rhode Island: $6,296,010
Ben Nelson, D-Nebraska: $6,267,028
Lamar Alexander, R-Tennessee: $4,823,018
Mike DeWine, R-Ohio: $4,308,093
Mark Dayton, D-Minnesota: $3,974,037
Ben Campbell, R-Colorado: $3,165,007 GONE
Chuck Hagel, R-Nebraska: $2,963,013
Olympia Snowe, R-Maine: $2,955,037
James Talent, R-Missouri: $2,843,031
Arlen Specter, R-Pennsylvania: $2,045,016
Judd Gregg, R-New Hampshire: $1,916,026
John McCain, R-Arizona: $1,838,010
James Inhofe, R-Oklahoma: $1,570,043
John Warner, R-Virginia: $1,545,039
Kay Bailey Hutchison, R - Texas: $1,513,046
Mitch McConnell, R-Kentucky: $1,511,017
Harry Reid, D-Nevada: $1,500,040
Sam Brownback, R-Kansas: $1,491,018
Thomas Carper, D-Delaware: $1,482,017
Ted Stevens, R-Alaska: $1,417,013
Maria Cantwell, D-Washington: $1,264,999
Barbara Boxer, D-California: $1,172,003
Orrin Hatch, R-Utah: $1,086,023
Mary Landrieu, D-Louisiana: $1,080,014
Bill Nelson, D-Florida: $1,073,014
Charles Grassley, R-Iowa: $1,016,024
*These figures are base estimates provided by senators on their financial disclosure forms.

Last edited by classicman2; 12-03-04 at 09:10 AM.
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Old 12-03-04, 11:04 AM
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What is that? Net worth? A bit misleading for the lower bunch.

Where did Kerry get all his money? Inheritance?
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Old 12-03-04, 11:18 AM
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Originally posted by CRM114 Where did Kerry get all his money? Inheritance?
He got it through gigoloing - where do you think he got it?

Poor old John H. wasn't even cold in the grave before John K. moved in on Teresa like a vulture.

I know the figure is misleading as far as Jim Inhoff is concerned. He's got considerably more money than stated above.

Last edited by classicman2; 12-03-04 at 11:22 AM.
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Old 12-03-04, 11:20 AM
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Yes, I would think that would be their net worth.
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Old 12-03-04, 11:24 AM
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to the news, and to the underlying reasons for his decision.
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Old 12-03-04, 11:32 AM
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David Rebovich, director of the Rider Institute for New Jersey Politics, said Corzine must convincingly explain his decision to leave the Senate so soon after the 2000 campaign. Otherwise, Rebovich said, "he will be subject to the criticism that he's a bored billionaire with no power in Washington and he just wants to come back to Jersey."
That's probably true.

If so, does that mean that Kerry is going to run for governor of MA?
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Old 12-03-04, 12:05 PM
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Notice that 9 out of the top ten richest are from the party that is for "the little guy".

It would be great if Corzine loses and a rep wins and adds another R to the senate but knowing Jersey, I suspect that the fix is already in.
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Old 12-03-04, 12:54 PM
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he hasnt done a damn thing in NJ..... not to mention back McGreevy...
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Old 12-04-04, 10:26 AM
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So the Kerry figure is his wife's holdings? What is John Kerry actually worth. I'm sure Theresa Kerry's holdings aren't at John Kerry's complete disposal.
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Old 12-04-04, 10:37 AM
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Originally posted by CRM114
So the Kerry figure is his wife's holdings? What is John Kerry actually worth. I'm sure Theresa Kerry's holdings aren't at John Kerry's complete disposal.
I would imagine quite a few senators have holdings that are not available to them - trusts, etc.

I don't believe the Kerry number includes his wife's holdings. Her holdings are far more than what is listed. I believe the number is Kerry's (alone) actual worth.
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