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Dollars and No Sense
By Matt Margolis | December 2, 2004
Despite devastating loses in the elections last month and basically the past four years, Democrats have been raising plenty cash, certainly hoping to build up a war chest to try to save a little bit of face.
The DNC announced Tuesday that it had raised at least $13 million in November. The total includes $10 million collected after the Nov. 2 election in which President Bush won a second term and Republicans strengthened their House and Senate majorities.
Due in part to growth in fund raising over the Internet, the DNC raised more this election cycle than it did before corporate, union and big individual donations known as soft money were outlawed by a 2002 law.
The committee raised at least $400 million in the 2003-04 election cycle, compared to $210 million in 1999-2000, the last presidential election cycle in which it could collect unlimited donations.
Now, the national Democratic and Republican party committees can only collect up to $25,000 a year from each individual donor or political action committee.
All the power to them. Money can’t buy a victory. It takes a lot more than good fundraising to win over the voters. Don’t believe me? Ask Howard Dean, or the Kos Dozen.
Topics: Dem Watch |
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December 2nd, 2004 at 4:21 pm
Actually, I think we should start raising money and getting organized now also. With no heir apparent to succeed the Bush-Cheney team (as Cheney has always maintained he isn’t interested) we will have to suffer through a possibly bloody in fight for it. That could deplete our political capital.
Filling the GOP coffers now could help insure the victory of our eventual candidate. And, we still need more seats in the Senate and House!