Wednesday, April 04, 2007

This is Very Significant

In 2000, George W. Bush paved his path to the presidency by financially destroying all of his Republican opponents, and creating an aura of invincibility that only was briefly interrupted by John McCain in New Hampshire.

In 2008, Hillary Clinton hoped to do the same -- raise a ton of money ($26 million so far) and squeeze her lesser-funded opposition out of the race. Today, Barack Obama confounded that strategy
with $25 million of his own.
By raising as much money as Hillary in the first quarter, a three-month period which many experts say is the most important financially, he demonstrated it won't be a cakewalk to the convention.

And just wait until Obama gets a $500 check from the Dude in May!


ThadisRad said...

While I applaud our man's work, I find it disturbing that the top two candidates made $51 million in three months, yet we have homeless people on the streets, underfunded schools, and a host of other problems in this great land. When this election is all said and done, 100s of millions of dollars will have been spent, money that I think should be donated to more worthy causes. Dudes, it's time we back campaign finance reform!

The Dude said...

The issue is the significant pushback from the First Amendment (money equates to speech) any time you wade into the area of campaign finance refort.

To the extent that McCain-Feingold provided for public funding of campaigns, most recent major campaigns have eschewed public financing and opted to use all private funds.

The ensuing entanglement between money and politics is, of course, troubling, see, e.g., Jack Abramoff, but it may be a necessary evil of democratic politics.

I'd rather money is being spent to ensure that the public has sufficient information to elect the right candidate, to money not being raised in a fundraising war and us ending up with a moron for a President, as in our current predicament

ThadisRad said...

I think money hinders the public's ability to get correct information. Instead of reading newspapers and watching debates, we get all our info from attack ads.

The Franchise said...

Or from blogs like DudeSpin! Who's to say if that's better or worse?

ThadisRad said...

A fair point, Franchise... I would just prefer to see the Dude's "hard-earned" money go to a charity that could really benefit from $500.