Republican Money Machine Cranking

FOX ^ | 4/4/02

[Tumbleweed_Connection]

Pulling far ahead of its Democratic counterpart, the Republican National Committee has raised a record $31.7 million this year, most of it as unregulated "hard money."

From January to March, the RNC made $26 million

[spqrzilla9]

"Unregulated hard money" ? Uh, bass ackwards. "Hard money" is very regulated.

[RoseofTexas]

"Republican Money Machine Cranking"...YES! Crank, baby Crank!! LOL! So much for the McPAIN bill!!

[ThreeYearLurker]

Darn this CFR and how it takes away my rights! Oh, we're ahead in donations? Nevermind.

[GraniteStateConservative]

You can double that $26M figure for the 1st quarter of 2003. All of those $1K donors will then donate $2K to the RNC. Bush will raise $250M for his re-election campaign through his pioneer program-- becoming the first major party candidate to entirely finance a presidential campaign. He'll be able to spend as much money as he wants for the whole of 2004-- whereas the Democrats will be restricted to how much and when they can spend money.

[KC_Conspirator]

The common misnomer is that the Republicans have all these big donors, but the fact for years now is that Republican donations are more numerous and more of the 25-50$ amount than the democrats. Democrats tend to live on big, huge donations from ultra-rich people.

[CharlieDarwin]

Two "soft money" donations to pay for the DNC's new party headquarters came in the form of checks for $7 million and $5 million respectively from two Hollywood executives.

Anyone know who the two Hollywood executives were?

[Alberta's Child]

Hard money itself is heavily regulated, but there is no regulation on the types of campaign ads that can be paid for with it.

[Tumbleweed_Connection]

How much money won't the Rats need during the last 60 days?

[Parmy]

The Democrats us the ULTRA RICH to fund themselves? I thought they were the party of the "poor man". MY MISTAKE!!

[The South Texan]

Good, now use the stuff!

[Republican Wildcat]

It's not the money so much as that 30-60 day rule on banning issue ads. That part is the best candidate for being struck down.

[Howlin]

He can count on my 2K.

[tiki]

Amen!

[GraniteStateConservative]

That's true. From top to bottom, the GOP has more actual people donating in every donation bracket ($25-50, $50-100, $100-200, etc.).

[GraniteStateConservative]

If you're referring to CFR, I suspect that part will be thrown out. Regardless of whether it is or not, the GOP opponent can spend as much money as he wants (up to limits set since he's accepting matching funds) for ads the whole time. The limit is really a money limit-- most Democrats will run out of money they are authorized to spend before the summer, but Bush can spend money on ads throughout the whole year because he'll refuse matching funds. Any opponent can spend whatever they want 30 or 60 days before a campaign. It's only issue advocacy groups like HCI, the NAACP, etc. that are affected by that part.