Re: Hillary, moneybags
On Jan 22, 2007, at 1:40 PM, Michael Pollak wrote:
On Mon, 22 Jan 2007, Doug Henwood wrote:
The Note notes this morning that Hillary is the first major party
pres candidate in modern times to reject public financing.I don’t think the Note is right here. Right now we’re talking
about primary funding.
Nope, it’s the general, and that’s where the innovation lies. I
posted that after having read only the teaser at the opening; here’s
the full passage and link to the original.
Doug
http://abcnews.go.com/Politics/TheNote/story?id=156238&page=2
2008: Democrats: Clinton: opting out:
Sen. Hillary Clinton (D-NY) will “not take matching funds in the
primary campaign or, if she wins the Democratic nomination, in the
general election,” reports the Los Angeles Times’ Dan Morain based on
an e-mail exchange with senior Clinton advisor Howard Wolfson.
In 2004, both President Bush and Sen. John Kerry (D-MA) opted out of
the matching-funds system for the nomination season. But in every
campaign since 1976, the nominees have accepted matching funds for
the general election.
In 2004, the FEC gave $75 million each to Kerry and Bush. With an
inflation adjustment, the grant is expected to be $83.8 million in 2008.
Top-tier contenders on both sides of the aisle are expected to follow
Clinton’s lead and abandon the system this cycle in both the
primaries and the general.
A tangible sign that Clinton was going to forego matching funds can
be viewed on her web site where she asks for contributions as high as
$4,200 ($2,100 for the primary and another $2,100 for the general).
Candidates who take public money in the general election are
restricted to that amount and are not allowed to raise additional money.
LINK: