The state Democratic Party is rather gleefully piling on the beleaguered campaign of GOP gubernatorial designee Rick Lazio in the wake of his loss earlier today of a group of erstwhile supporters in Niagara County to his primary opponent, Carl Paladino.

The Dems have a new Web video out that depicts Lazio’s campaign as a sinking ship in the middle of a storm at sea, noting he loaned his campaign $200,000 before the July 15 filing and now has just over $600,000 on hand.

The real point of the video is to note that Lazio’s former employer JP Morgan (he’s on an unpaid leave while he runs for governor) can, under a recent US Supreme Court ruling, spend a boatload of cash on ads that would help its onetime lobbyist if it so chooses.

I’ve seen no indication that JP Morgan has any intention of doing that, but that hasn’t stopped the Democrats from trying to make this an issue – if for nothing else than because it’s a handy way to keep linking the words “Lazio” and JP Morgan” in the mind of anyone who might be paying attention.

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