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NY-26: "Buy The People" vs. "By The People": A Tale of Two Campaigns

by: Jerri S. Kaiser

Fri Aug 01, 2008 at 12:20:18 PM EDT


Today the Jon Powers For Congress campaign released two videos emphasizing the glaring contrast between Powers' grassroots campaign and Jack Davis' campaign.  Powers' camp pointed out that his campaign has been people powered while Davis' has been largely bought, from paid "volunteers" to bribe money.

Here are excerpts from the press release:

Powers, Iraq War veteran and the endorsed Democratic candidate, has been credited for a grassroots effort issuing regular "Grassroots Reports" online videos highlighting the hundreds of volunteers who help his campaign.

The Davis Campaign has recently come under criticism for bribing Independence Party Officials causing the resignation of Monroe County Chairman Rafael Colon.

"We are tremendously proud of our grassroots campaign," said Powers. "Every night we have Western New Yorkers volunteering to call their neighbors and joining us in parades. Every night in every county, the Powers Platoon is talking to voters about bringing our voices back to Washington."

Today's web video criticizes the Davis Campaign's alleged bribe money to the wife of Monroe County Independence Party chairman.

I can attest to Jon Powers' strong grassroots support, the volunteers numerous and motivated by their belief in Jon Powers as the candidate to finally take the voice of NY-26 voters to Washington.

I've also encountered Jack Davis' campaign and there is little people support on the ground and his methods seem to be all about buying everything instead of investing time listening to voters and forming a multifaceted approach to the issues at hand.  Let's face it, a catchy jingle or two isn't going to solve anything and neither is a one-time one-tank gas buying stunt.

Here are the videos, one of Powers' campaign and one of Davis'.

It's a classic case of people vs. money, an honorably run campaign vs. an old school politics campaign.  Davis has his money but Powers has the people.

Jerri S. Kaiser :: NY-26: "Buy The People" vs. "By The People": A Tale of Two Campaigns
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"Jon Powers and his campaign cannot be taken seriously" (0.00 / 0)

FOR IMMEDIATE RELEASE
August 5, 2008

CONTACT:  Joy Langley joy@jackdavis.org

Statement by Davis Campaign Manager Luke Vaughn on Jon Powers' Growing Credibility Gap

Akron, NY:  The following Statement was released from Luke Vaughn, Davis for Congress 2008 Campaign Manager:

"Jon Powers and his campaign cannot be taken seriously.  First, he flips, flops, and flails on key issues; then he takes money from his campaign to pay personal expenses in violation of federal law.  Now he is knowingly regurgitating a false attack against Mr. Davis, without disclosing that he too holds stock in Exxon Mobil."

"Mr. Powers first launched this smear against Mr. Davis three weeks ago, but when reporters learned that Mr. Powers held stocks in the same companies, they declined to publish Mr. Powers' attacks.  Now Mr. Powers knowingly airs the same false attack, and again fails to disclose his own oil holdings."

"It's just more politics as usual, from a typical politician with dismal poll numbers, inconsistent answers to serious questions, and more campaign cash from lobbyists, PACs, and strip club owners than every other candidate combined.  Mr. Powers deliberately exaggerates Mr. Davis' oil holdings, conceals his own, and also fails to disclose that he has accepted campaign contributions from oil and energy lobbyists.  Mr. Powers is not 'leading by example.'"

"When Mr. Davis was about Mr. Powers' age, he started his own company, and his retirement account contains Mr. Davis earnings from running that company over the past 40 years.  It's Jack's money, earned with sweat, diligence and backbreaking work.  To attack it is simply childish and flies in the face of reality.

"Rather than envy and attack Mr. Davis' success, Mr. Powers should stop launching false smears, and support the only candidate who has created jobs, balanced budgets and gotten things done for working men and women in our community."

"To learn more about Jon Powers and his growing credibility gap, visit www.powersplatoon.com."

###

The following is a factual recitation of Mr. Powers' own oil and energy holdings.

On his own Financial Disclosure Statements, filed with the Clerk of the House, Mr. Powers details assets in an array of stocks and funds.  A closer inspection of each holding reveals that Mr. Powers has many holdings in oil companies, including Exxon Mobil, Chevron, Enron, China Oilfield Services, Chesapeake Energy Corporation and dozens of others.

First, there is his investment in the Schwab 1000 Index Fund (SWPIX).  As of May 31, 2008, the following are the top five holdings of the fund.

Exxon Mobil
General Electric
AT+T
Microsoft
Chevron

Second, Mr. Powers holds shares in the William Blair International Growth Fund (WBIGX).  According to their March, 2008 quarterly review they either added or previously held shares in the following companies involved in oil, coal, and gas production:

KNM Group (Malaysian company) oil, gas and mining equipment
Mitsubishi (Japan) coking coal, and LNG (liquefied natural gas) industries
MMX Mineracao e Metalicos (Brazil) oil & gas exploration, logistics, and power plants.
Noble Group (Hong Kong) coal
Acergy (Norwegian) deep sea drilling
BHP Billiton is the world's largest mining company.
Petroleo Brasilierio (Brazil) energy production and exploration company.

Third, Mr. Powers holds shares in the William Blair Small Cap Growth Fund (WBSIX).  According to their 2007 annual report, they managed holdings in oil companies like:

Cairn Energy plc (United Kingdon) Oil, gas & consumable fuels
Cairn India Ltd. (India) Oil, gas & consumable fuels
China Oilfield Services Limited (China) Energy equipment & services
Schoeller-Bleckmann Oilfield Equipment AG (Germany) Energy equipment & services
Tullow Oil plc (United Kingdom) Oil, gas & consumable fuels
Petroleo Brasileiro S.A. (Brazil) Oil, gas & consumable fuels
BG Group plc (United Kingdom) Oil, gas & consumable fuels

In addition, in their March 31, 2008 quarterly report, Blair reports one other interesting holding, cited as one of their Significant Contributors to (portfolio) Return:

j2  Global  Communications  provides  outsourced,  value?added  messaging  and  communications  services  to  individuals  and  businesses,  with  a  network  spanning 2,800  cities  in  40  countries

Mr. Powers is personally profiting from the outsourcing of American jobs and services.

Fourth, Mr. Powers holds shares in the Fidelity Capital & Income Fund (FAGIX).  As of March 31, 2008, the fund's top ten holdings included Chesapeake Energy Corporation, described in their literature as:  

Chesapeake Energy Corporation, an oil and natural gas exploration and production company, engages in the acquisition, exploration, and development of properties for the production of crude oil and natural gas from underground reservoirs.  As of December 31, 2007, it had 10.879 trillion cubic feet equivalent of proved reserves; and also owned interests in approximately 38,500 producing oil and natural gas wells.

Oh, and the fund also has holdings in . . . Enron . . . and dozens of holdings in other smaller oil and gas companies.

Finally, Mr. Powers has direct IRA holdings in Global Industries, LLC.  Their mission statement is:

Global Industries provides affordable solutions for the offshore oil and gas industry to meet the energy needs of the world while safeguarding our people and maximizing our profitability.

To learn more about Jon Powers and his growing credibility gap, visit www.powersplatoon.com.


OK... (4.00 / 1)
So you're making the case that Jon Powers has similar holdings as Jack Davis?

Kind of counterproductive isn't it?

By the way, where all these successes I keep hearing about with Jack Davis? He lost twice. He has never won. Is that our definition of success? I sure hope not.


[ Parent ]
Hey, Erick (4.00 / 1)
How you doin'?

We've got some work ahead of us.

[ Parent ]
Lame (4.00 / 1)
C'mon dude!  Mutual funds are massively diversified.  This is a bunch of hot air. TAP readers aren't dumb enough to fall for it, either.

Also, can you please self-disclose if you are on the Davis payroll?  Of course, the post is primarily a copy of a PR piece from the campaign itself, so, we can assume it was written by somebody who is getting well-paid by the millionaire in the race.  So, kinda makes the point, doesn't it: "buy the people."  And also buy slap-in-the-face-to-the-military websites with his opponents' name in them to obfuscate, a kind of Democratic-primary swiftboating move.

Yo' bossman's a piece of work.  


[ Parent ]
I'm sensing a pattern (4.00 / 1)
   It seems that the most vociferous of Jack's supporters on the blogs have a vested interest in his victory beyond the average grassroots campaigner.  http://thebatavian.com/blogs/p...  

  Don't judge other people by your own limitations.

[ Parent ]
Magnitude Missing (4.00 / 1)
Aside from what everybody else has pointed out -- that there's a difference between direct investment in stocks and buying mutual funds -- this press release doesn't discuss the size of Powers' investment vs. Davis'.  

[ Parent ]
Davis doesn't want to be accountable to anyone (4.00 / 2)
Jack Davis says that he will not be beholden to special interests but he leaves off his self interest.  He is his only donor, meaning he wants to be accountable to no one.  

The information you provide about Powers is misinformation.  Funds are not stocks.


Mutual funds vs. stocks (4.00 / 2)
I own shares in a number of mutual funds.  I have no idea what stocks these funds are invested in, because I'm too busy to track that kind of stuff.

Perhaps Mr. Davis, who seems to have the time (or can afford to pay someone to take the time) to look up which funds hold which stocks, can know what stocks he "owns" only through mutual funds.  It must be nice -- I wish I had that kind of time.  Truly.

As to the Davis campaign press release, I'm not sure -- was it supposed to answer the charge of bribery?  Because if it was, it wasn't very effective.


[ Parent ]
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