Embarrassment of Riches Tarrant hopes Vermonters will ignore his wealth and focus on
his achievements. Born in Orange, N.J., he attended St. Michael’s College in
Colchester, Vt., on a basketball scholarship and eventually won All-America
honors. In 1969, he cofounded what would become one of the largest employers in
Vermont, IDX Systems. He sold the health care software company to General
Electric in 2005 for $1.5 billion, of which he reportedly netted $108 million.
Tarrant also formed a foundation that was named among the state’s top 50 in 2003
by the Foundation Center. | RICH TARRANT Photograph by David Seaver. | At 63, Tarrant remains a towering figure; standing 6 feet, 6
inches, he is easy to spot in the crowds as he shakes hands at barbecues and
spaghetti dinners across his state. His campaign promises feature plans to
improve national health care through a free market-based Medicare system, curbs
on federal spending and ideas to boost economic growth in rural areas. "I need a
podium or platform to do that," he says. The chance to mount such a platform
appeared when Jeffords, a former Republican who became an independent in 2001,
announced last year that he would retire from the seat after three terms.Although Vermont has a historical tradition of sending Republicans to
Washington, Tarrant’s campaign is seen as a long shot. His rivals and the press
have excoriated him for his affluent lifestyle, which goes over poorly before an
electorate made up of thrifty Yankees, despite his attempts to downplay it. At
public events, he usually dresses casually and was rarely spotted in a tie this
summer, as he crisscrossed the state, hosting a spaghetti dinner in Hardwick, a
pizza lunch in Rutland and stopping by for a photo op at BJ’s gun shop in
Williston.  | ILLUSTRATION BY Tim Bower. | But voters found out Tarrant leads a more lavish lifestyle at
his second home in Florida than he does in Vermont. Peter Freyne, a columnist
for Seven Days, an alternative newspaper in Burlington, made an issue of Tarrant’s
Bentley, which he houses in Florida. "His style is such that when 90 percent of
Vermonters see the size of his houses, the amount of money he made—they just
don’t identify with him," maintains Eric Davis, a professor of political science
at Middlebury College. Tarrant, for his part, seems annoyed that he must answer
for the way he lives. "I am what I am," he declares. "I don’t apologize for
being successful." Despite this, Tarrant’s biggest challenge is not establishing
his Vermonter credentials in the minds of voters, but gaining the political
credibility needed to beat his Democratic opponent. If he captures the
Republican primary (Boston College’s Steen found that self-financing is more
successful in primaries than general elections), he will face an opponent in
Sanders who, although he was born in Brooklyn and still displays hints of an
accent, is so familiar that Vermonters refer to him simply as Bernie. Tarrant’s
local roots, wealth, entrepreneurial credentials and folksy manner may not be
enough to offset the popularity Sanders has built during his 16 years in
Congress. Indeed, Davis believes Tarrant has little chance against Sanders; many
Vermonters see him as something of a reverse carpetbagger. Some speculate that,
if Tarrant loses, he will retreat south to Florida. The candidate himself
remains inscrutable on this point, responding tersely, "I don’t think about
losing." Strife of Interests Those who run successful self-funded campaigns face an array of
additional challenges, as Mark Dayton can attest. Dayton, a Democratic senator
from Minnesota, was so motivated to advance his liberal political agenda that he
self-funded two campaigns before finally winning his seat in the Senate in
2000. Dayton’s family fortune is rooted in the Dayton’s department
store chain (now part of Federated Department Stores), which gave him the
advantage of name recognition. He also had public-sector experience, having
served as popularly elected state auditor and as legislative aide to Minnesota
favorite son Walter Mondale.
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