Chris Christie’s Biggest Backer: ‘Would I Write a Check for $10 Million? No’

In an interview ahead of Christie’s kickoff, billionaire Ken Langone assesses what’s ahead for 2016.

New Jersey Governor Chris Christie leaves a campaign event on June 12, 2015 in Cedar Rapids, Iowa. 
National Journal
Shane Goldmacher
June 30, 2015, 1 a.m.

As Chris Christie an­nounces his bid for the White House, he’s ex­pec­ted to lean heav­ily on the fin­an­cial sup­port and net­work of Ken Lan­gone, a bil­lion­aire Re­pub­lic­an donor and one of Christie’s most vis­ible and vo­cal back­ers.

But in an in­ter­view with Na­tion­al Journ­al on the eve of Christie’s launch, Lan­gone, a cofounder of Home De­pot with a For­bes-es­tim­ated net worth of $2.7 bil­lion, said he would not be dip­ping in­to his per­son­al for­tune to write the kind of massive, eight-fig­ure check to Christie’s su­per PAC that would in­stantly change the com­plex­ion of the 2016 race.

Ken Lan­gone (Scott Olson/Getty Im­ages)”Whoo-oo-oa, whoooa, whoa, whoa, whoa, whoa, whoa,” Lan­gone in­ter­rup­ted, when asked if he would make such a dona­tion from his own bank ac­count.

“Would I write a check for $10 mil­lion? No, no I wouldn’t. But I do something bet­ter than that,” Lan­gone said. “I go out and get a lot people to write checks, and get them to get people to write checks, and hope­fully res­ult in a hel­luva lot more than $10 mil­lion.”

(RE­LATED: Chris Christie Launches Cam­paign Web­site Three Days Be­fore His An­nounce­ment)

In the wide-ran­ging dis­cus­sion, Lan­gone spoke about the primary cal­en­dar (“the hell with Iowa”), the key to a Christie comeback (“a strong show­ing in New Hamp­shire”), and his as­sess­ment of the 2016 field (“George Pa­taki—give me a fuck­ing break”).

Still, the biggest rev­el­a­tion was that Lan­gone, 79, who has long been ex­pec­ted to be one of the chief un­der­writers of a Christie can­did­acy, is re­luct­ant to in­vest huge sums of his own money in his favored can­did­ate.

In a su­per PAC-era dom­in­ated by un­bridled giv­ing, the power and in­flu­ence of bund­lers like Lan­gone—and he’s seen as one of the Re­pub­lic­an Party’s best—has di­min­ished com­pared to that of mega-donors who single-handedly prop up can­did­ates, as Shel­don Ad­el­son and Foster Friess did for Newt Gin­grich and Rick San­tor­um, re­spect­ively, in 2012.

(RE­LATED: GOP Pres­id­en­tial Hope­fuls In­tro­duce Shel­don Ad­el­son-Backed Bill to Ban On­line Gambling)

Already, a hand­ful of GOP fam­il­ies have re­portedly pledged more than $30 mil­lion to help elect Sen. Ted Cruz. Sen. Marco Ru­bio has a bil­lion­aire back­er, Nor­man Bra­man, who’s said to be ready to spend $10 mil­lion or more. And Jeb Bush has a massive fun­drais­ing op­er­a­tion that is ex­pec­ted to amass around $100 mil­lion in the first six months of 2015.

Christie, who enters the con­test as a dis­tinct un­der­dog, al­most cer­tainly needs a ma­jor pat­ron will­ing to cut mul­ti­mil­lion-dol­lar checks, too. Lan­gone, who tried to re­cruit Christie in­to the 2012 pres­id­en­tial race and who stood by the New Jer­sey gov­ernor at the nadir of the bridge-clos­ing scan­dal, had long been on the short list of such po­ten­tial back­ers. He cer­tainly has the abil­ity to cut a big check. He and his wife have giv­en a total of $200 mil­lion to the New York Uni­versity Med­ic­al Cen­ter, which has since been named after him.

But he said he simply has a dif­fer­ent ap­proach to polit­ic­al giv­ing than donors like Ad­el­son, the casino mag­nate who spent, along with his wife, about $100 mil­lion on the 2012 elec­tion.

“I love Shel­don. I think Shel­don’s a great Amer­ic­an,” Lan­gone said. “But we all have our ways of do­ing it dif­fer­ently.”

While Lan­gone will donate some money—”I con­sider my­self a sig­ni­fic­ant sup­port­er of any can­did­ate I work for and I am cer­tainly gen­er­ous, I think, with my own funds”—he said his chief con­tri­bu­tion comes in rais­ing cash from oth­ers.

“I’m re­lent­less,” he said. “I’m not go­ing to stop. I put a mir­ror un­der your nose. If I see mist, I ask you for money. If there’s noth­ing there, I’m talk­ing to a stiff.”

(RE­LATED: Chris Christie PAC Paid for the Gov­ernor’s Tick­et and Travel to an NBA Fi­nals Game)

Lan­gone said he’s drawn to Christie’s blunt­ness, his will­ing­ness to tackle is­sues like the na­tion­al debt and en­ti­tle­ments, in­clud­ing So­cial Se­cur­ity, and his re­cord of reach­ing bi­par­tis­an con­sensus in left-lean­ing New Jer­sey. “He tells it like he sees it,” Lan­gone said. “He backs up his words with ac­tion and he’s re­lent­less in get­ting something done.”

Ken Lan­gone (left), with Elaine Lan­gone, and Amb. Stu­art Bern­stein (Mike Cop­pola/Getty Im­ages)As Christie jumps in­to a crowded Re­pub­lic­an field of more than a dozen can­did­ates this week, the fact that he’s not yet polling well doesn’t con­cern Lan­gone. “This cam­paign is aw­fully young,” he said. “I be­lieve Chris’s mes­sage, and the way he’ll de­liv­er it, will res­on­ate with the Amer­ic­an people. It’s that simple.”

And he dis­missed Iowa’s role in launch­ing the nom­in­at­ing pro­cess, ar­guing that New Hamp­shire—where Christie will fly im­me­di­ately after his an­nounce­ment in his New Jer­sey ho­met­own—will be key.

“Look, you’ve got to look at Iowa, and that’s those old ladies with knit­ting needles sit­ting around liv­ing rooms—I don’t un­der­stand it. And then South Car­o­lina—you’ve got Lind­sey Gra­ham in and he’s go­ing to have a com­mand­ing po­s­i­tion in that state,” Lan­gone said. “The one state that, I think, gives you some defin­i­tion is go­ing to be New Hamp­shire. I think if he’s up there fre­quently, and he’s up there banging away with these town-hall meet­ings, I think he’s go­ing to get trac­tion and I think he’s go­ing to res­on­ate.”

Christie still has plenty of time to break through, Lan­gone said. “For Christ’s sake, the elec­tion isn’t for 17 months. Six­teen and a half months. Come on. What do they say? One day is a life­time in polit­ics.”

Told that the Iowa and New Hamp­shire con­tests were far soon­er, Lan­gone re­tor­ted: “For­get Iowa. I say to you, the hell with Iowa. I’m try­ing to point out to you, I think the key elec­tion is New Hamp­shire.”

Lan­gone was no less out­spoken in his ana­lys­is of Christie’s op­pon­ents in the GOP field, nam­ing Bush first among Christie’s rivals.

“San­tor­um, for ex­ample, [Mike] Hucka­bee, I don’t see them mak­ing the grade,” he said. “[Bobby] Jin­dal, I don’t see Jin­dal. [John] Kasich—if Kasich jumps in, he could be a very, very strong com­pet­it­or—to any­body. Cer­tainly, Jeb Bush is there. Scott Walk­er from Wis­con­sin. I mean, George Pa­taki—give me a fuck­ing break.”

He called celebrity busi­ness­man Don­ald Trump “a guy who’s go­ing to make noise and make things hap­pen”—in a good way. “I view him as a very sig­ni­fic­ant pos­it­ive factor in the whole polit­ic­al pro­cess,” Lan­gone said.

As for his own role in the pro­cess, Lan­gone said he raises money out of love of coun­try.

“I have, nev­er, ever once, ever got­ten any­thing from any politi­cian I’ve ever helped. Not one thing,” he said. “And that’s go­ing to stay that way. I don’t need a job. I don’t want an ap­point­ment. I don’t want to be on a com­mis­sion. I don’t want to be am­bas­sad­or to nowhere. I don’t want any of that.”

“I raise money,” he said. “That’s all I do. And so far I’ve done a pretty good job.”

What We're Following See More »
STAFF PICKS
When It Comes to Mining Asteroids, Technology Is Only the First Problem
15 hours ago
WHY WE CARE

Foreign Policy takes a look at the future of mining the estimated "100,000 near-Earth objects—including asteroids and comets—in the neighborhood of our planet. Some of these NEOs, as they’re called, are small. Others are substantial and potentially packed full of water and various important minerals, such as nickel, cobalt, and iron. One day, advocates believe, those objects will be tapped by variations on the equipment used in the coal mines of Kentucky or in the diamond mines of Africa. And for immense gain: According to industry experts, the contents of a single asteroid could be worth trillions of dollars." But the technology to get us there is only the first step. Experts say "a multinational body might emerge" to manage rights to NEOs, as well as a body of law, including an international court.

Source:
STAFF PICKS
Obama Reflects on His Economic Record
16 hours ago
WHY WE CARE

Not to be outdone by Jeffrey Goldberg's recent piece in The Atlantic about President Obama's foreign policy, the New York Times Magazine checks in with a longread on the president's economic legacy. In it, Obama is cognizant that the economic reality--73 straight months of growth--isn't matched by public perceptions. Some of that, he says, is due to a constant drumbeat from the right that "that denies any progress." But he also accepts some blame himself. “I mean, the truth of the matter is that if we had been able to more effectively communicate all the steps we had taken to the swing voter,” he said, “then we might have maintained a majority in the House or the Senate.”

Source:
STAFF PICKS
Reagan Families, Allies Lash Out at Will Ferrell
17 hours ago
WHY WE CARE

Ronald Reagan's children and political allies took to the media and Twitter this week to chide funnyman Will Ferrell for his plans to play a dementia-addled Reagan in his second term in a new comedy entitled Reagan. In an open letter, Reagan's daughter Patti Davis tells Ferrell, who's also a producer on the movie, “Perhaps for your comedy you would like to visit some dementia facilities. I have—I didn’t find anything comedic there, and my hope would be that if you’re a decent human being, you wouldn’t either.” Michael Reagan, the president's son, tweeted, "What an Outrag....Alzheimers is not joke...It kills..You should be ashamed all of you." And former Rep. Joe Walsh called it an example of "Hollywood taking a shot at conservatives again."

Source:
PEAK CONFIDENCE
Clinton No Longer Running Primary Ads
20 hours ago
WHY WE CARE

In a sign that she’s ready to put a longer-than-ex­pec­ted primary battle be­hind her, former Sec­ret­ary of State Hil­lary Clin­ton (D) is no longer go­ing on the air in up­com­ing primary states. “Team Clin­ton hasn’t spent a single cent in … Cali­for­nia, In­di­ana, Ken­tucky, Ore­gon and West Vir­gin­ia, while” Sen. Bernie Sanders’ (I-VT) “cam­paign has spent a little more than $1 mil­lion in those same states.” Meanwhile, Sen. Jeff Merkley (D-OR), Sanders’ "lone back­er in the Sen­ate, said the can­did­ate should end his pres­id­en­tial cam­paign if he’s los­ing to Hil­lary Clin­ton after the primary sea­son con­cludes in June, break­ing sharply with the can­did­ate who is vow­ing to take his in­sur­gent bid to the party con­ven­tion in Phil­adelphia.”

Source:
CITIZENS UNITED PT. 2?
Movie Based on ‘Clinton Cash’ to Debut at Cannes
21 hours ago
WHY WE CARE

The team behind the bestselling "Clinton Cash"—author Peter Schweizer and Breitbart's Stephen Bannon—is turning the book into a movie that will have its U.S. premiere just before the Democratic National Convention this summer. The film will get its global debut "next month in Cannes, France, during the Cannes Film Festival. (The movie is not a part of the festival, but will be shown at a screening arranged for distributors)." Bloomberg has a trailer up, pointing out that it's "less Ken Burns than Jerry Bruckheimer, featuring blood-drenched money, radical madrassas, and ominous footage of the Clintons."

Source:
×