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Peter Schiff is the Republican to Watch in 2010

11/21/2009, by Proloy Bhatta

HIGHLIGHTS

• Dodd is at best in a dead heat with all potential Republican candidates.
• Connecticut Republican Primary: Rob Simmons 28%, Linda McMahon 17%, Tom Foley 9%.
• Peter Schiff is outraising them all combined despite having just 5% support.

Disclosure: I am currently investing my 401K with a company called Euro Pacific Capital -- a company run by Peter Schiff.

I was looking at the traffic logs for my website and noticed one glaring statistic.

1. Peter Schiff supporters are heavily trafficking my website -- in numbers that are growing weekly.

As you all may or may not know, Peter Schiff is running as a Republican for Senate in Connecticut. He's a virtually unknown fella by 88% of the registered voters in his state but is getting 5% in the latest primary poll.

Here are the latest Connecticut Senate primary polls (released last week):

Here are the favorable / unfavorables of each of these candidates, including the Democrat incumbent Chris Dodd.

Dodd In Trouble

The winner of this primary will have the opportunity to go against Chris Dodd -- a very weak incumbent. Dodd is at best in a dead heat against any of the other potential candidates.

All of the Republicans have a lot of room to grow. Rob Simmons, although ahead of the pack, is still virtually unknown to 49% of registered voters. And Linda McMahon, in second place, is unknown to 66% of voters.

Rob Simmons' position is pretty impresive because he has a favorable rating that is four times his unfavorable rating.

Peter Schiff, despite being unknown to 88%, gets 5% of the vote. But he is the candidate to watch because of his fundraising machine.

As of this morning, his campaign has raised 1.2 Million dollars. See his website for the latest numbers. This is made even more IMPRESSIVE when you compare it to how much the leading candidate Rob Simmons has earned, $167K.

You might say fundraising does not matter so early in the campaign. Well then why is Rob Simmons pimping the fact that he has outraised Dodd in his internet advertisements? Here is a snapshot I took while surfing the web.

So candidate Schiff is earning about 7 times more than his competitor -- with one-fifth to one-sixth less support? Does it meant that Schiff is 42 times more efficient at raising money from his supporters than Simmons? No. Read on.

Why Is Peter Schiff the One to Watch?

Peter Schiff was an economic adviser for Ron Paul in his 2008 primary bid, so the liberty crew sees Schiff's success as being vital to their cause. We can expect them to be heavily supporting his candidacy. Since Dodd is so vulnerable, a Republican primary win for Schiff may very well give him an easy path to the Senate.

This makes Peter Schiff a national candidate running a local race. Schiff has the ability and potential to reach out to all Americans, a fact shared by none of his opponents. Schiff will be able to continue to raise money and enlist the support of volunteers from all over the country -- not just from Connecticut citizens, making him the Republican to watch.

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