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NEWS ABOUT: campaign finance

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Conservatives Set for Stand on GOP Platform

McCain seen as too centrist on climate, immigration, stem cells and more

(Newser) - Conservatives are concerned John McCain might be a maverick with a pen, and are gearing up for a fight on the Republican Party's official election platform, the Washington Post reports. Loath to imagine where McCain might go on climate change, immigration, stem cells and more, activists are already on platform... More »

McCain Backers Finding Ways Around Law He Sponsored

GOP governors fund is major finance loophole

(Newser) - Desperate to keep up with Barack Obama's powerful fundraising apparatus, John McCain’s allies have found ways of skirting the very campaign finance laws the Arizona senator helped write, the Wall Street Journal reports. Republican strategists are pushing donations toward a fund used to elect governors—not subject to dollar... More »

Rising New Money Class Powers Obama

Brooks cites recent shift to 'information age analysts'

(Newser) - Barack Obama likes to tout his small-donor network, as though a wave of inspired regular folk came out of the woodwork just for him. In reality, Obama is mining a money class that Democrats have been cultivating for years, writes David Brooks in the New York Times—"the rising... More »

McCain Wins the Week as Obama Misfires

Mark Halperin sizes up the latest skirmishes

(Newser) - Score this week for John McCain, writes Mark Halperin in Time. "McCain's week wasn't particularly good, but Obama's was dreadful by comparison." Here’s how it adds up:
  • Image: McCain’s goal is to make Obama look “like an ordinary politician.” Barack helped with one of
... More »

Justices Nix 'Millionaire's Amendment' for Campaigns

Opponents of wealthy candidates will no longer see donor ceilings raised

(Newser) - The Supreme Court today voided the “millionaire’s amendment,” ruling by 5-4 that the law—which raised donation limits for candidates who face wealthy, self-financed opponents—violates the First Amendment, the AP reports. The majority said it would have been a different story if all candidates saw their... More »

Obama's No Fool: He Made Right Choice on Funding

He opens himself up to being called hypocrite; that's better than naive

(Newser) - Barack Obama may be taking flak for opting out of public financing, but he would have been foolish to do otherwise, writes Charlie Cook in the National Journal. Cook is "relieved" that a potential president is savvy enough to hang on to a huge spending advantage. And in this... More »

MoveOn Axes Big-Money Fundraising Arm

MoveOn folds 527 group to match Obama's pledge

(Newser) - One day after Barack Obama became the first candidate since Watergate to reject general election public financing, a prominent liberal grassroots group has disbanded its 527 operation. "We, like Senator Obama, believe that this election can be won by ordinary Americans giving small donations,” MoveOn said in a... More »

Obama's a Pragmatist, Not a Reformer

His decision to opt out of public financing is right in character

(Newser) - Barack Obama’s decision to opt out of the public financing system shouldn’t come as a surprise, writes Politico’s Ben Smith. Obama has been inching away from the money for a long time now, proving once again that he’s not a traditional reformer—he’s a pragmatist.... More »

Death Knell Tolls for Campaign Finance

Obama snub of public cash highlights weakness of system

(Newser) - Barack Obama's decision to forgo public financing for his presidential campaign represents the biggest challenge yet to the troubled, loophole-filled system. But while the Illinois senator is now poised to spend a record amount to win the presidency, the explosion of  Internet donations that have propelled his campaign might actually... More »

Dr. Obama and Mr. Hyde

'High-minded' candidate is also cutthroat political animal

(Newser) - Barack Obama has two faces: there’s the "high-minded" liberal “Dr. Barack” and the politically calculating, win at-all-costs “Fast Eddie Obama,” writes David Brooks in the New York Times. The split personality clearly emerged in Obama’s announcement that he won’t accept public financing—a... More »

McCain Blasts Obama for Declining Funds

But Dem blames Mac for having to opt out of public financing

(Newser) - Following fast on Barack Obama’s decision to abandon public financing, a McCain rep said the Dem has failed “the true test of a candidate”—whether he'll stick to his word, Time reports. But Politico notes that an Obama rep blamed McCain: “Our campaign counsels met, and... More »

Obama Opts Out of Public Financing

Says system 'as it exists is broken,' and opponents 'masters at gaming' it

(Newser) - Barack Obama has opted out of public financing in the general election, the AP reports, reversing a joint pledge made last year with John McCain to spend only the $84 million in taxpayer cash between the party conventions and Election Day. While McCain appears set to accept public financing, Obama... More »

Hillary's Next Challenge: Paying Bills

Candidate ends race with record debt

(Newser) - Hillary Clinton's White House bid made history—by ending with what is believed to be the largest presidential campaign debt ever. The New York senator had approximately $9.5 million in unpaid bills at the end of April, not to mention $11.4 of her own money that she lent... More »

Party Conventions: the Last Loophole for Big Donors

Issue may test McCain and Obama on their zeal to stop influence of big money

(Newser) - Big donors are pumping big money into both party's conventions, one of the last remaining loopholes in the rules governing so-called soft money contributions, the New York Times reports. And while it's all perfectly legal, the issue may test the conviction of both Barack Obama and John McCain on their... More »

Dems Work to Fuse Fundraising Machines

Two campaigns set to become one as Clinton bows out

(Newser) - The Obama and Clinton campaigns have been working to merge their fundraising machines as Clinton prepares her swan song today, the Wall Street Journal reports. Clinton made a call to her top 50 fundraisers, urging them to get behind Obama and promising a private meeting with the presumed nominee. The... More »

Obama Wallet Strikes Fear in GOP Hearts

He's already shown he knows how to spend

(Newser) - Republicans not used to worrying about money are sweating pennies, given John McCain's relatively inept fundraising in the face of an unprecedented Democratic war chest. Barack Obama, by conservative estimates, will have $300 million to McCain’s federal cap of $85 million for the general-election campaign, Politico reports—and with... More »

Obama Moves to Clean Up DNC Money Machine

Opens fundraisers to press; lobby groups barred from giving

(Newser) - Barack Obama moved today to make his campaign more transparent, in keeping with his theme of bringing change to Washington. Obama will open all his fundraisers to the press, Politico reports. He’s also cleaning up his party’s fundraising efforts; starting today, the Democratic National Committee, like Obama’s... More »

Spreadsheets Can't Handle Democrats' Haul

FEC, watchdogs, Excel struggle to keep up with bulging bank accounts

(Newser) - The Democratic presidential candidates have raised so much money that the FEC can’t handle the data, Politico reports. Barack Obama’s January report was so big that industry standard spreadsheet programs like Microsoft Excel 2003 couldn’t handle it. By March, Hillary Clinton had also broken the Excel barrier—... More »

Dem Bankrollers Readying United Wallet

Race will continue into June, but merger under way

(Newser) - Hillary Clinton and Barack Obama will fight each other for the nomination into June, but top fundraisers are already ensuring a McCain defeat, no matter who the nominee is. One DNC fundraiser was held in honor of a Clinton backer at the residence of an Obama supporter, the Washington Post... More »

Clinton Camp May Need Another Loan

As donations flag, strapped campaign must cut spending

(Newser) - Hillary Clinton's loss of momentum is taking a tangible toll on her ability to raise—and spend—money, leaving her campaign even more strapped for cash at a time she needs to pull out all the stops, the New York Times reports. Advisers say that Clinton is prepared to shell... More »

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