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  [AK] Stevens Draws GOP Challenger for His Senate Seat
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ContributorArmyDem 
Last EditedArmyDem  Dec 28, 2007 08:38am
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News DateFriday, December 28, 2007 02:00:00 PM UTC0:0
DescriptionDec. 26, 2007 – 4:34 p.m.
By Rachel Kapochunas, CQ Staff

Alaska Republican Sen. Ted Stevens received no holiday respite from potential 2008 election problems, drawing his first primary challenger even as an investigation continued into whether he had received favors from a politically-connected state oil services company.

Republicans also face similar complications when it comes to the re-election bid of Republican at-large Rep. Don Young who also has been named in stories about Veco, which has had close ties to many Alaska politicians.

Wealthy real estate developer David Cuddy, who lost to Stevens in the 1996 GOP primary after spending more than $1 million in personal funds, publicly announced last week his plans for a rematch against the six-term senator.

Cuddy told CQ Politics that his drive to restore fiscal conservatism as well as combat widespread federal corruption prompted him to enter the race.

“There’s a growing awareness that we can’t keep spending ourselves to the extent we are,” Cuddy said Wednesday, speaking by phone from Anchorage. “We can’t continue doing business the way we’ve been doing business.”

Cuddy formerly served as a state representative for one term in the early 1980’s and is the current president and founder of Ranch Studios, a Texas film studio. Much of his wealth stemmed from a lucrative banking career. Cuddy said this is the first time he feels prepared to launch a rematch since losing his daughter in a 2001 drunk driving accident.
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