Dear Friend, 
                          
Shortly 
                          before 10 p. m. on election night, I sent the 
                          following text message to Senator Cory Booker: 
                          
Dear 
                          Senator Booker:  Sorry 
                          to miss the chance to do this in a phone conversation, 
                          but congratulations on your impressive
 victory and 
                          best wishes for the six years ahead. 
All 
                          the best, 
Jeff 
                          Bell 
It 
                          was a 
                          well-run campaign and impressive Booker win, though 
                          perhaps not quite as impressive as some New Jersey
 pollsters expected. According to final unofficial 
                          results posted at the website of the New Jersey state 
                          election division, 
Senator Booker got 997,331 votes to 
                          my 762,981. That translates to 55.6 to 42.5 percent, 
                          56-43 when rounded to the
 nearest percentage point. 
                          That is astonishingly close to my 55-43 defeat by Bill 
                          Bradley for this same seat in 1978,
 which leaves me in 
                          something resembling a 36-year vote freeze. 
                          
I 
                          am proud to have carried 9 of New Jersey’s 21 
                          counties. I added Monmouth, Salem, and Warren to the 
                          six I carried against
 both Bradley and Booker (Cape 
                          May, Hunterdon, Morris, Ocean, Somerset, and Sussex). 
                          Because of political polarization,
 demographic change, 
                          and cultural clustering, Sen. Booker carried 
                           some of the 12 counties in which he repeated 
                          Bill
 Bradley’s wins by much larger margins than 
                          Bradley managed in 1978. 
Needless 
                          to say, I am heartened that Republicans achieved a 
                          larger than expected congressional sweep, probably 54 
 Brush of 
                          Politickernj.com, it puts added responsibility on our 
                          party to develop a legislative program that can be 
                          sent to
 the desk of President Obama as well as help 
                          provide a framework for the crucial election of 
                          2016. 
This 
                          is a hard letter to write, because I enjoyed every 
                          minute of the campaign and regret its conclusion as 
                          well as my defeat. 
Still, I am proud that we won more 
                          than 750,000 votes while being able to spend just 
                          under $500,000 for the primary and
 general election 
                          combined, roughly a tenth of Sen. Booker’s outlays. 
                          Please don’t take this as a complaint because from 
the 
                          first, my brilliant first-time campaign manager Rich 
                          Danker and I sensed that the fund-raising climate was 
                          going
 to be extremely unfavorable for a Senate race 
                          against a popular incumbent in a state carried 58-40 
                          by President Obama
 just two years ago. Rich and I 
                          decided to quit our jobs and descend on New Jersey 
                          anyway because we knew that if I didn’t
 run, no 
                          candidate in this or any other state would make an 
                          issue of the Federal Reserve’s disastrous six-year 
                          experiment
 in the systematic repression of short-term 
                          interest rates, much less the urgent need to return to 
                          a gold-backed dollar for
 the first time in 43 years. 
                          
I 
                          am deeply grateful to you, my generous supporters, and 
                          to my minuscule campaign team superbly headed in both 
                          the
 primary and general election by Rich Danker and 
                          Gia Coluccio, who as the campaign wore on found 
                          themselves 
outnumbered by my children, all of whom are 
                          in their 20s and all of whom (it turns out) are 
                          politically gifted. 
I 
                          also owe much to the Republican primary voters of New 
                          Jersey, who in June gave me a chance to extend for 
                          five months
 this campaign of ideas, and to the New
                          Jersey Republican Party led by Governor Chris Christie 
                          and National Committeeman
 Bill Palatucci, as well as 
                          my former primary opponent Rich Pezzullo, each of whom 
                          did a great deal to make possible the
 united party our 
                          campaign had behind us in the general election. As in 
                          1978, the voters of New Jersey had an open mind to
 ideas the establishment said did not deserve a 
                          hearing, and our campaign made me more optimistic than 
                          ever about the 
future of this remarkable state and the 
                          exceptional nation of which it is a part. 
                          
All 
                          the best, 
Jeff 
                          Bell
 
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