presidential race

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If I Were A Rich Man

The Politico wonders whether the escalating cost of campaigning and feverish competition for donations will lead to candidates investing more of their own money in their campaigns (a potential boon in terms of viability for the wealthier candidates).

What's In His Wallet?

Will John McCain's campaign be the next to feel the fatal squeeze of the dollar chase? As he sheds campaign staff and re-considers opting into the public financing program nearly all the candidates have turned down, McCain is an object lesson in how lopsided our elections have become in favoring the best check-collectors: the viability of his campaign is being judged on the money, not the merits.

Selling the Presidential Product

With the most expensive Presidential race in history underway and second quarter fundraising numbers being reported, the Washington Post writes up a seminar on fundraising tactics to offer a peek at the blueprint for victory in a race that is, when it comes down to it, largely about the money.

Not Dead Just Different

Marianne Means at the Seattle Post-Intelligencer laments that unwritten rule of running for President: you better be rich, or know plenty of rich people, to have a chance. Unfortunately she also seems to think that public financing of elections is no longer possible: it is, just not in the current model of the presidential public financing system.

Rural Voters Shut Out By Money Chase

When the first annual National Rural Assembly convened in Chantilly, Virginia this year they invited all the presidential candidates to come, address the audience and talk about issues of concern to rural voters. Not a one showed up (and only three appeared via video), and organizers think it has a lot to do with the fact that people in rural areas aren't writing the big checks to candidates so candidates don't have time to meet with them. They discussed this in this segment on NPR this morning.

Biting The Hand, Then Shaking It

So, what happens when a guy who's made his reputation in the Senate in part by pushing for stronger campaign finance regulations and speaking out against the influence of certain core constituencies of campaign donors tries to run for President...and needs campaign cash from the usual suspects? This New York Times assessment of Sen. John McCain's fundraising efforts indicates that the handicap is significant.

Going Halfway

The Politico raises an eyebrow at presidential candidates Barack Obama and John Edwards' claims to not take contributions from federal lobbyists, asking how far this prohibition extends -- just to lobbyists? To employees of lobbying firms? The whole article really illustrates the futility of hairsplitting when it comes to talking about money's influence on elections: either we get big money out or we don't. Anything else feels equivocal.

Edwards Reiterates Support

At a campaign stop in Montclair, New Jersey presidential candidate John Edwards (D) reiterated his support for public financing of elections.

From the Montclair Times:

Outside and Inside Chances

The Politico delves into Republican presidential candidate Mitt Romney's campaign finance disclosures and comes up with a list of bundlers from the business sector and the lobbying sector. Though positioned as an outsider to Washington politics, Romney appears to have made fast friends with some of K Street's big names.

 

Biden Reiterates Public Financing Support

Joe Biden, on the campaign trail for the Democratic nomination for the Presidency, spoke in support of public financing for campaigns. He's sponsored past public financing legislation in the Senate, and been a vocal supporter of working to counter the influence of money in politics.

 

From T.M. Lindsey at the Iowa Independent, here's what he said: