Home » Posts tagged 'Interncontinential Exchange'
Tag Archives: Interncontinential Exchange
Trump champion will challenge Republican U.S. Senator Kelly Loeffler, who was appointed to the seat in December
♦By Rich Shumate, ChickenFriedPolitics.com editor
ATLANTA (CFP) — Georgia Republican U.S. Rep. Doug Colllins, one of President Donald Trump’s staunchest defenders in Congress, will run in a November special election against the state’s newly minted U.S. senator, Kelly Loeffler, defying the man who appointed her, Governor Brian Kemp, and triggering an intra-party squabble with potential implications for Senate control.
“We’re getting ready for a good time down here to keep defending this president, keep him working for the people of Georgia,” Collins said in a Wednesday morning appearance on “Fox & Friends” where he confirmed his candidacy. “We just need to have a process that let’s the people decide. Let them choose for themselves how they want to see this vision.”
In December, Kemp appointed Loeffler, a wealthy Atlanta business executive who had not previously held political office, to the seat vacated by veteran Republican Johnny Isakson, rebuffing furious lobbying by conservatives who preferred Collins, a Gainesville Republican serving his fourth term in the House who has led the charge against Trump’s impeachment as ranking Republican on the House Judiciary Committee.
The question that will now hang over the race is whether Trump will buck Kemp and the Senate Republican establishment and endorse Collins over Loeffler, the incumbent. The president was reportedly cool to Loeffler’s appointment before it was made, although he has since singled her out for praise.
Asked if he expected Trump’s support, Collins said, “I think that’s up the president.”
Even with Trump’s support, Collins will have to battle against what is likely to be Loeffler’s significant financial advantage. He starts the race with less than $1.4 million in his campaign account, while she is expected to tap $20 million from her own fortune for the campaign.
Collins decision to run against Loeffler immediate drew fire from the Senate Republicans’ campaign organization and a political action committee allied with Senate Majority Leader Mitch McConnell.
“The shortsightedness in this decision is stunning,” said Kevin McLaughlin, executive director of the National Republican Senatorial Committee, in a statement. “Doug Collins’ selfishness will hurt (Georgia U.S. Senator) David Perdue, Kelly Loeffler, and President Trump. Not to mention the people of Georgia who stand to bear the burden of it for years to come. All he has done is put two senate seats, multiple house seats, and Georgia’s 16 electoral votes in play.”
“It’s so selfish of Doug Collins to be promoting himself when President Trump needs a unified team and Senator Loeffler is such a warrior for the President,” said Steven Law, president of the McConnell-aligned Senate Leadership Fund, in a statement. “As we’ve said before, Senator Loeffler is an outsider like Trump, not just another D.C. politician. We’ll have her back if she needs us.”
Collins fired right back on Twitter, employing one of Trump’s favorite phrases to deride McLaughlin’s comments: “This is FAKE NEWS coming from the head of a Washington-based group whose bylaws require him to support all incumbents, even unelected ones.”
In addition to Loeffler’s seat, Perdue is also up for election in 2020. The two Republican-held seats in Georgia will be key in Democratic efforts to overturn the GOP’s three-seat Senate majority.
The next act in the Collins-Loeffler race may take place in the Georgia legislature, where Collins supporters — with the backing of Democrats — may try to change the rules governing the November special election to his advantage.
As state law now stands, candidates from all parties will run in November, with the top two vote-getters advancing to a runoff if no one gets a majority. However, some Republicans in the House, with the support of Speaker David Ralston, are pushing to create regular party primaries for seat, which would set up a one-on-one match-up between Collins and Loeffler in a Republican-only electorate.
Kemp has threatened to veto the bill. However, House Democrats have indicated they may support the change, which could create a veto-proof majority with just 45 out of the 104 Republicans in the House.
In addition to possibly helping Collins, a party primary would ensure that a Democrat would get a clean shot at either Loeffler or Collins, rather than battling them both.
Democrats, not surprisingly, were gleeful about Collins’s decision to enter the race and upset Kemp’s best-laid plans.
“This expensive, protracted brawl — already playing out on the front page — will force unelected mega-donor Senator Loeffler and Trump ally Congressman Collins into a race to the right that reveals just how out-of-touch both are with Georgia voters,” said Helen Kalla, a spokesperson for the Democratic Senatorial Campaign Committee, in a statement.
Four Democrats have already gotten into the race against Loeffler, including Matt Lieberman, a businessman from Cobb County and son of former Connecticut U.S. Senator Joe Lieberman; Ed Tarver, a former state senator and federal prosecutor from Augusta; Richard Winfield, a philosophy professor at the University of Georgia; and Tamara Johnson-Shealey, a nail salon owner and law student from DeKalb County.
Collins, 53, was a lawyer and Baptist pastor before being elected to Congress in 2012. He is also a chaplain in the U.S. Air Force reserves.
His 9th District, which covers the state’s northeastern corner, is heavily Republican and is likely to stay in GOP hands after his departure, though his pursuit of the Senate will likely trigger a competitive primary in the five weeks remaining before the filing deadline.
Before being appointed to the Senate, Loeffler, 49, worked as an executive at Intercontinental Exchange, the parent company of the New York Stock Exchange; she is married to Jeffrey Sprecher, the company’s founder and CEO.
Loeffler is also co-owner of the WNBA’s Atlanta Dream, which she purchased with a partner in 2010.