Attorney General Andrew Cuomo doesn't just lead Gov. David Paterson by a ratio of 4:1 at the polls — he's also ahead of Paterson by a ratio of 5:1 at the bank. Though he hasn't formally announced his candidacy, Cuomo has already pulled in more than $16 million, while Paterson has just over $3 million in his war chest.
According to the Times, the $13 million gap "underscores a growing sense of inevitability" that Cuomo will win because it shows that "donors and other prominent Democrats [are] increasingly viewing him as the party's nominee for governor." Now that's nothing new — polls have been showing Cuomo in the lead for nearly a year. But the new filings actually reveal how bad things are looking for Paterson, who spent more money than he brought in over the past six months. Since July, when he had $5.4 million in the bank, Paterson shelled out about $4.6 million — much of it going towards hired strategists and "an unusually early series of television commercials," according to the paper.
The Governor — who actually has less money in his campaign fund than possible candidate and Suffolk County Executive Steve Levy — confessed that his bank account isn't big. "My numbers will not look as good as they would have if I had dedicated more time to this process, but I'll have the resources to run an effective campaign for governor," he said.