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Campaign Finance

Started by R McCartney; Last updated by D Lim

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Campaign Finance

Beyond the poll numbers is an ongoing race to raise money

The 2008 Presidential Election is turning out to be the most expensive race in American history. Although it's not a top issue on anyone's platform, campaign finance is a driving force in almost every presidential hopeful's run for election. Bank balances are mentioned in the same breath as poll numbers and many candidates have dropped out for lack of funds in what FEC Chairman Michael Toner predicts will be a "$1 billion election."

Stories

Stories 41 - 60 of 143

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September 2008
- Star-Studded Wallets Come Out for Obama Fundraiser
  
  Los Angeles Times | Sep 17, 08 8:29 AM CDT
  
  (Newser) - Barack Obama pulled down $11 million between two star-studded Hollywood fundraisers last night, in the biggest single-night take of his campaign, reports the Los Angeles Times. The candidate mixed it up with the likes of Steven Spielberg, Chris Rock, and Barbra Streisand —who capped off the night with a performance —as John McCain took the opportunity to mock the celebrity shindig before a working-class Ohio crowd. More »
- Obama Won't Share Funds With Senate Dems
  
  Politico | Sep 16, 08 10:06 AM CDT
  
  (Newser) - Barack Obama has rejected an appeal from the Senate Democrats to kick some campaign money their way, Politico reports. Obama raised a record $66 million in August, but is currently outmatched by the combination of John McCain and the Republican National Committee. With 23 GOP-held seats being contested, Senate Dems had looked to Obama to help finance a rare opportunity to boost their majority. More »
- GOP Has Twice as Much Cash as Dems
  
  Bloomberg | Sep 16, 08 8:51 AM CDT
  
  (Newser) - Coming into the home stretch, the Republicans have about twice as much campaign money on hand as the Democrats, reports Bloomberg—about $200 million to $95 million. Though Barack Obama has raised record sums, the Democratic National Committee’s current $17.5 million lags far behind the GOP’s $76 million. These committees may continue to raise and spend money to support their candidates, so long as they don’t coordinate strategy. More »
- Despite $66M August, Obama Needs Money
  
  Politico | Sep 15, 08 10:55 AM CDT
  
  (Newser) - Barack Obama raised more money in August than any presidential candidate ever, but he’s still desperate for cash, reports Politico. Obama has $77 million in the bank, close to the $85 million John McCain has to spend this general election. But McCain will benefit from outside “independent” groups Obama has spurned, and a brimming RNC war chest. More »
- McCain Raised $47M in Aug.
  
  Associated Press | Sep 1, 08 8:37 PM CDT
  
  (Newser) - John McCain’s presidential campaign raised $47 million in August, its biggest monthly take yet, the AP reports. The campaign has apparently received $10 million in donations since McCain announced Friday that Sarah Palin would be his running mate. Officials say the total Republican general-election chest will be at least $224 million by next week, when McCain receives $85 million in public funds. More »
August 2008
- Lawmakers Get Most Funding From Outside Districts
  
  Miller-McCune | Aug 30, 08 8:53 AM CDT
  
  (Newser) - Candidates running for Congress are increasingly using affluent ZIP codes outside their own districts as "political ATM machines" to fund their campaigns, a new study finds. In the majority of House races in 2004, almost three-quarters of contributions came from donors outside a lawmaker's district—often from Hollywood, Manhattan's Upper East Side, and other white, moneyed areas. Today's donors are “urban, highly educated, and employed in elite occupations," reports Miller-McCune magazine. More »
- Biggest Convention Donors Usually Need Favors
  
  Los Angeles Times | Aug 25, 08 7:13 PM CDT
  
  (Newser) - Major donors to the Democratic and GOP conventions this year either have business pending with politicians or have recently received a favorable ruling, the Los Angeles Times reports. From cable companies to a government union to an electric utility, millions of dollars have flowed into party coffers—but both sides deny any attempt to buy votes. More »
- Big Spending Not Paying Off for McCain in Key States
  
  Talking Points Memo | Aug 19, 08 9:20 AM CDT
  
  (Newser) - John McCain is outspending Barack Obama by a wide margin in traditional battleground states such as Ohio, Michigan, and Iowa, Talking Points Memo reports. The good news for Obama is that McCain has little to show for it in the polls in those states. But the Democrat has troubles of his own: In seven states being virtually ignored by McCain’s advertising, Obama has seen little or no boost. More »
- Obama Raises $51M in July
  
  Washington Post | Aug 16, 08 2:35 PM CDT
  
  (Newser) - Barack Obama raked in $51 million last month, not quite a record for the Illinois senator but still formidable, the Washington Post reports. He ends the month with $65.8 million in the bank, a major advantage over John McCain, who has just $21 million, despite raising a personal-best $27 million in July. More »
- McCain Raises $27M in July
  
  Associated Press | Aug 15, 08 11:48 AM CDT
  
  (AP) - John McCain raised $27 million in July, his largest one-month fundraising haul since clinching the nomination, while the Republican National Committee brought in nearly $26 million. "Our fundraising continues to be very healthy," Rick Davis, McCain's campaign manager, said in a conference call with reporters, noting that July was the fifth straight month in which McCain has improved his cash flow. More »
- Big 'Bundlers' Help Fuel Both Campaigns
  
  Wall Street Journal | Aug 8, 08 11:54 AM CDT
  
  (Newser) - Barack Obama and John McCain have racked up nearly 100 “bundler” donors between them who have gathered at least $500,000 each from friends and co-workers to support their chosen candidates, the Wall Street Journal reports. The candidates’ spending suggests the fundraisers are breaking bundling records set during the campaigns of President Bush, the first candidate to reap big benefits from the system. More »
- Exec: I Was Fired for Not Donating to Mitt
  
  Wall Street Journal | Aug 7, 08 1:56 PM CDT
  
  (Newser) - An ex-executive with a Chicago-based consulting group has filed an employment bias complaint, alleging that he was fired in part for his refusal to donate to Mitt Romney’s campaign, the Wall Street Journal reports. The complaint offers a rare glimpse into the machinery of corporate donations. In emails seen by the Journal , Huron Group’s CEO asks employees to back the Republican. “This is just business and the way business works,” he writes. More »
- Fundraiser Taps Questionable Network
  
  Washington Post | Aug 6, 08 3:55 PM CDT
  
  (Newser) - A flurry of campaign contributions to John McCain were procured from an unlikely network of ordinary people with no clear political agenda, the Washington Post reports. The contributors were recruited to write checks for the legal limit of $2,300 by Harry Sargeant, a former naval officer turned oil executive with an extensive list of contacts in the Middle East. More »
- Obama Network of Big Donors Rivals Bush's
  
  New York Times | Aug 6, 08 11:55 AM CDT
  
  (Newser) - Barack Obama likes to point to the avalanche of small-money donations that account for a full half of his record $340 million haul. But he has also been carefully cultivating a network of big-money bundlers since his earliest days in the Senate, the New York Times reports. As a result, Obama’s fleet of boosters are on pace to rival even George W. Bush’s vaunted “rangers” and “pioneers.” More »
- McCain Hopes $6M Olympic Ad Buy a Winner
  
  Advertising Age | Aug 5, 08 2:02 PM CDT
  
  (Newser) - Athletes won’t be the only competitors when the Beijing Olympics open Friday, Advertising Age reports: John McCain’s campaign made a last-minute, $6 million ad buy with NBC, topping the whopping $5 million Democratic opponent Barack Obama is spending. The large national scope of the advertising blitz is a rarity in recent presidential campaigns. More »
July 2008
- Obama Raises $25M in a Single Day
  
  Politico | Jul 21, 08 11:47 AM CDT
  
  (Newser) - Barack Obama brought in more donations on the last day of June than John McCain did in the entire month, Politico reports. The unprecedented $25 million day accounted for nearly half of Obama’s $54 million total. It was one of five days on which the campaign brought in more than $1 million; John McCain had no million-dollar days en route to raising $22 million in June. More »
- Clinton Lends Campaign $1M as Debts Mount
  
  New York Times | Jul 21, 08 6:07 AM CDT
  
  (Newser) - Hillary Clinton lent her suspended presidential campaign an additional $1 million at the end of last month, according to filings with the Federal Election Commission. The newest self-loan—the New York senator has now lent herself $13.2 million—underscores how much difficulty she is facing in retiring her mountain of debt. A Clinton spokesman told the New York Times that the new loan was to "pay immediately outstanding debts." More »
- Obama Rakes in $52M in June
  
  Reuters | Jul 17, 08 8:31 AM CDT
  
  (Newser) - Barack Obama is back up in the fundraising stratosphere, pulling in $52 million in June, the campaign said today. The total is just shy of the record $55 million he drew in February, and it more than laps John McCain’s $22 million take in June. The total lays to rest speculation that Obama was in for another down month after raising “only” $30 million in April and $21.9 million in May. More »
- McCain's Elite Fundraisers Trump Obama's
  
  USA Today | Jul 16, 08 5:45 PM CDT
  
  (Newser) - John McCain appears to be more reliant on funds bundled by elite supporters than Barack Obama, USA Today reports. More than half of the Republican candidate’s receipts, or more than $75 million, came from donations assembled by about 500 top supporters. In contrast, Obama’s top 500 pulled in about $50 million, about 17% of his total. More »
- McCain Again Banking on Reform Rep
  
  Politico | Jul 16, 08 2:38 PM CDT
  
  (Newser) - After shying away from the issue for some time, John McCain is returning to his credentials as a crusader for campaign-finance reform, Politico notes. In an attempt to woo independent voters, the Republican is underlining his reputation as a Washington reformer, while coping with flak from small-government conservatives within his party—comparing himself to Teddy Roosevelt in the process. More »

Stories 41 - 60 of 143

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Fred Thompson Supports McCain/Feingold Campaign Finance (springfield3100 (YouTube))

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Romney on Campaign Finance Reform (GovMittRomney (YouTube))

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Related Threads

Election 2008 • Obama 2008 • McCain 2008 • Clinton-Obama Tussle • Clinton 2008 • Obama Rakes It In • The Hillary Endgame • A House Divided • A New York President? • Politics As Usual

Background

Wikipedia Entry for Campaign Finance
Wikipedia

Campaign finance refers to the means by which money is raised for election campaigns. As campaigns have many expenditures, ranging from the cost of travel for the candidate and others to the purchasing of air time for TV advertisements, candidates often spend a great deal of time and effort raising...

» Read more about Wikipedia Entry for Campaign Finance at Wikipedia

Recommended Reading

Campaign Finance

Campaign Finance Reports and Data
Federal Election Commission

Public Policy Inquiry Campaign Finance
Hoover Instituition

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