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FRIDAY, NOVEMBER 27, 2009
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Campaign Finance

Started by R McCartney; Last updated by D Lim

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 81 - 100 of 143

  • June 2008
    • Obama Moves to Clean Up DNC Money Machine

      Obama Moves to Clean Up DNC Money Machine

      (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 campaign, won’t accept money from lobbyists or political action committees. More »

  • May 2008
    • Democrats Can't Find Cash for Convention

      Democrats Can't Find Cash for Convention

      (Newser) - Democrats aren’t just wringing their hands over who they’ll nominate at their national convention—they’re also wondering who's going to pick up the tab. The Denver host committee has raised just $25 million of the $40.6 million it needs by June 16, the New York Times reports, which has Dems scrambling to find donors—or scale back plans. More »

    • McCain Can't Afford, Literally, to Ignore Bush

      McCain Can't Afford, Literally, to Ignore Bush

      (Newser) - Though he may be “absolutely radioactive” for Republican candidates (in the words of one GOP legislator), Bloomberg reports, President Bush is no easy hurdle for John McCain, who must build distance with the historically unpopular incumbent while using him to raise money and build conservative bona fides. Hence tonight's fundraiser in Phoenix, closed to the media despite both McCain and Bush being in attendance. More »

    • Spreadsheets Can't Handle Democrats' Haul

      Spreadsheets Can't Handle Democrats' Haul

      (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—a mere 65,536 rows and 256 columns. More »

    • McCain to Rely on RNC Money

      McCain to Rely on RNC Money

      (Newser) - Lagging behind Barack Obama's fundraising juggernaut, John McCain is planning to rely heavily on the Republican National Committee for general-election cash, the New York Times reports. The RNC has $40 million in the bank, compared with McCain’s $21 million, and has big-gun fundraisers like President Bush lining its coffers. “We intend to provide substantial, maybe unprecedented, resources to the McCain campaign,” said the RNC deputy chairman. More »

    • Dem Bankrollers Readying United Wallet

      Dem Bankrollers Readying United Wallet

      (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 reports. But some aren't so quick to make peace. More »

    • How the GOP Went Broke

      How the GOP Went Broke

      (Newser) - The Republican Party has known crises before, but it's always held its own against the Democrats with fundraising prowess. But the GOP finds itself demoralized and impoverished, and seemingly without the funds needed to avoid more losses like the one suffered Tuesday in Mississippi. Politico looks at how the party alienated business and got left behind in a new political landscape. More »

    • Clinton Camp May Need Another Loan

      Clinton Camp May Need Another Loan

      (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 out more of her own, adding to the $11 million she's already provided. More »

    • I Took Cash, No Bribes: Olmert

      I Took Cash, No Bribes: Olmert

      (Newser) - Ehud Olmert resisted calls for his resignation today, after admitting on national TV last night that he accepted contributions from a New York businessman—but denying that any of it was a bribe. Olmert, under criminal investigation for allegedly taking hundreds of thousands of dollars from Long Island millionaire Morris Talansky while he was mayor of Jerusalem and minister of industry, vowed to resign if indicted. More »

    • Clinton Lent Campaign $6.4M in Past Month

      Clinton Lent Campaign $6.4M in Past Month

      (Newser) - Hillary Clinton injected $6.4 million of her own money into her presidential campaign over the past month, a senior aide tells the AP. That donation more than doubles the amount Hillary has lent her campaign so far.  But despite the personal largesse—$11.5 million so far—and the $10 million she raised after the Pennsylvania primary, Barack Obama still outspent her in Indiana and North Carolina. More »

  • April 2008
    • Top Clinton Fundraiser Jumps to Obama Camp

      Top Clinton Fundraiser Jumps to Obama Camp

      (Newser) - Hillary Clinton will lose one of her key fundraisers to Barack Obama, the Los Angeles Times reports. Gabriel Guerra-Mondragon, a former ambassador under President Clinton who had raised $300,000, “became concerned about the tone of the race,” an Obama aide said. But a Democratic strategist said one defection isn’t enough to sink Clinton: “You need a pattern in politics.” More »

    • McCain Helped Donor Developer Win Contracts

      McCain Helped Donor Developer Win Contracts

      (Newser) - John McCain has repeatedly done favors a wealthy Arizona real estate developer who is a major donor, sponsoring legislation that swapped public land for his land and stepping in to speed a lucrative land deal with the Pentagon that netted him $20 million in a quick flip. The relationship with Donald Diamond could “pose a test” for Mac, the New York Times posits in an expose, since the candidate’s reputation is staked on renouncing political favoritism. More »

    • Mac Will Run With Public Funds

      Mac Will Run With Public Funds

      (Newser) - John McCain will use public funds to finance his 2-month general-election campaign, Politico reports today. McCain's decision to take the $84.1 million available once he's officially nominated in September comes after the GOP candidate gave back $3.2 in donations pegged to the home stretch. McCain has raised $72 million thus far—to $236 million for Barack Obama and $195 million for Hillary Clinton. More »

    • Tech Biz Workers Back Barack

      Tech Biz Workers Back Barack

      (Newser) - Google and Yahoo workers who have donated to presidential campaigns support Barack Obama, the Seattle Post-Intelligencer reports, donating significantly more to him than any other candidate. Obama does well with the tech industry as a whole, though his edge is less pronounced at older companies like Microsoft and Apple. Obama took in a whopping $264,800 from Google employees to Hillary Clinton’s $75,500. More »

    • Obama Says McCain All Talk on CEO Pay

      Obama Says McCain All Talk on CEO Pay

      (Newser) - Barack Obama grilled John McCain on CEO compensation today and continued laying into the public financing system for campaigns. He railed against execs who “make more in one day than their workers make in one year” and called for legislation requiring corporations to let shareholders set pay. He said McCain has “opted for continuing the do-nothing approach of the Bush years” on the issue, reports Talking Points Memo. More »

    • Obama Test-Drives Public Funds Opt-Out

      Obama Test-Drives Public Funds Opt-Out

      (Newser) - Barack Obama has been taken to task for refusing to renew a 2007 pledge to use public financing in the general election, and a speech last night may have been a preview of the logic he’ll use to opt for private money instead. The candidate argued that Internet giving is plenty populist, ABC reports; the remarks came at a $2,300-a-plate event. More »

    • $14M Penn Tab Underscores Consultants' Fleecing Spree

      $14M Penn Tab Underscores Consultants' Fleecing Spree

      (Newser) - Mark Penn leaves Hillary Clinton’s campaign with a hefty $14 million lining his own pockets, a new high in the skyrocketing world of campaign consultancy, and some 9% of all money Clinton has laid out to date. But ordinary Americans are newly in the position of having their donations misspent, reports Mike Madden in Salon —previously only a risk for lobbyists and wealthy donors. More »

    • Obama Loses Ground: Poll

      Obama Loses Ground: Poll

      (Newser) - Barack Obama's popularity has slipped in the past month, especially among men and rich voters, according to a New York Times/CBS News poll. His favorability rating dropped 7 percentage points to 62% during the fallout over inflammatory remarks from his pastor, but the dropoff appears to have leveled off, the Times reports. He and Clinton are in a virtual dead heat, with 46% of Democrats supporting Obama and 43% Clinton. More »

    • Obama's $40M in March Doubles Clinton's Take

      Obama's $40M in March Doubles Clinton's Take

      (Newser) - Barack Obama raised $40 million in March to Hillary Clinton’s $20 million, and, Chris Cillizza writes in the Washington Post , financial perceptions could spell doom for the former first lady. While Clinton appears to have the money to compete right now, she’ll only keep raking it in if fence-sitting donors believe enough in her viability to make the investment. More »

  • March 2008
    • GOP Nod Sure, McCain Hitting Big-Money Trail

      GOP Nod Sure, McCain Hitting Big-Money Trail

      (Newser) - John McCain has wrapped up his party’s endorsement—but not its money machine, the New York Times reports. McCain faces a tough task in winning over the so-called “Pioneers” and “Rangers,” donors who chipped in $274 million for George W. Bush in 2004. Over half haven’t supported any Republican this election cycle, and only a fraction has contributed for McCain. More »

Stories 81 - 100 of 143

01-07-07_2124
01-07-07_2124   ((c) VirtualErn)
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Fred Thompson Supports McCain/Feingold Campaign Finance   (springfield3100 (YouTube))
Rudy Giuliani on campaign finance reform   (giulianirecord (YouTube))
Romney on Campaign Finance Reform   (GovMittRomney (YouTube))

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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

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