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Admitted ignorance - what happens to all the funds raised...(7 posts)

Admitted ignorance - what happens to all the funds raised...94Nole
Aug 8, 2003 12:15 PM
in a politcal campaign if not spent during the election? Does it go to the political party or can the candidate buy a nountain retreat? I really have no idea. And what determines for what purpose and how much a candidate can spend?
stashed away for the next one.rufus
Aug 8, 2003 2:43 PM
i believe he can use them for political things, like mailings and such, but i also have a feeling that there's a pretty broad leeway there in what he can use them for. not supposed to be for personal use(yeah, sure).
I've not heard of that ever happening.jtolleson
Aug 8, 2003 3:18 PM
Honestly. Most campaigns run a deficit in their final weeks, and even have to engage in post-election fundraising or financial maneuvering to cover campaign debt.

Any campaign flush with cash in the final days would be foolish not to spend it, unless they are a definite runaway victor.

It can also be given to other campaigns. Our popular Rep. Diana DeGette gave part of her war chest to fellow Dems that were in tighter races.
given to other campaigns or charity; no personal useDougSloan
Aug 10, 2003 1:13 PM
However, it can be used to repay campaign debt, which means every dime the candidate contributed ("loans"). Laws are fairly clear in what can be done with the money.

Doug
fyiDougSloan
Aug 10, 2003 1:31 PM
War Chest -- Campaign money built up by incumbents well in advance of the next election in order to give them a financial head start and discourage potential challengers. Often includes leftover campaign money from the last election, as well as money raised early in the term. After the 1994 elections, three victorious U. S. Senate candidates (Kay Bailey Hutchison [R-Texas], Joseph Lieberman [D-Conn.], and Connie Mack [R-Fla.]) had over $1 million on hand for the next race -- six years away. In the U. S. House, 10 newly-elected representatives had a $600,000-plus war chest; three -- David Drier (R-Calif.), Charles Schumer (D-N.Y.), and Robert Torricelli (D-N.J.) -- surpassed the million dollar mark with $2.3 million, $2.2 million, and $1.3 million, respectively. See also "Permanent Campaign" http://www.campaignfinancesite.org/structure/terms/w.html
...so whaddyaspose Davis did with all his (pre-recall) funds?The Walrus
Aug 10, 2003 2:02 PM
Here's the hands-down champion fund-raiser in California, who's made a second career out of hitting up people for money, and even now he's making trips out of state to solicit contributions from labor. I realize the campaign against Simple Simon was costly, but he must have had a pile left after the 2002 election, and yet he's
i still
got his hand out. It's a sickness, and the most pathetic thing about it is, he's finished politically. Even if he survives the recall, he'll never hold public office anywhere again. My head says he should fight the recall, but my gut tells me he should step aside for Bustamante.
I think he'll burn every dollar going down in flames nmDougSloan
Aug 11, 2003 7:46 AM