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  #1  
Old 10-23-2008, 11:57 AM
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Someone enlighten me about campaign funds...

I heard yesterday some talking head saying that Barack is buying his way into the Presidency.

Why does it seem to be such a big deal that Obama is raising so much more money than McCain?

The way I see it, the people who are donating are supporters, who want change.

If McCain had more supporters, he would get more donations?

Oversimplified?

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  #2  
Old 10-23-2008, 12:04 PM
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  #3  
Old 10-23-2008, 12:04 PM
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It's a bit amusing, as the Repos usually have the rep for deep campaign pockets.
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  #4  
Old 10-23-2008, 12:27 PM
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It was the whole public vs private financing thing. If you accept "public financing" (McPalin) - your personal fundraising is capped at a certain amount.
If you do not accept public financing (OBiden), you can raise whatever people will donate.
There are always individual/corporate limits in effect, but they are equally applied.

I'm not sure if my vocabulary is correct, but its close. I've never looked much farther into this issue than that. Not a lot of banter about "campaign finanace reform" these last few months....

The rub is that, supposedly, early this year, BO said that he'd accept public financing. He didnt, but McCain did. Some see this as deceptive but I dont know enough to argue either way. I'm sure someone else here can fill us in.

-John
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  #5  
Old 10-23-2008, 12:33 PM
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The GOP wasted 150,000.00 on Sarah's wardrobe....
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  #6  
Old 10-23-2008, 12:52 PM
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Originally Posted by Mistress View Post
The GOP wasted 150,000.00 on Sarah's wardrobe....
Sen Obama has a few $1500 Hart, Marx and Schaefer suits in his traveling bags. Sen. McCain is fond of Ferragamo footwear.
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  #7  
Old 10-23-2008, 01:08 PM
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I really do not care the amount raised or given by any candidate.
I DO care who gives, and that they abide by existing law.

I have heard, but not confirmed that some amount of Obama's funding is from overseas, and that this is illegal. Anyone care to document, to comment.
More to the point, for Obama supporters, " Do you care?"
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  #8  
Old 10-23-2008, 01:46 PM
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I'm closer to an Obama supporter than a McCain supporter, and yes, I do care.
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  #9  
Old 10-23-2008, 01:50 PM
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Quote:
Originally Posted by MTI View Post
Sen Obama has a few $1500 Hart, Marx and Schaefer suits in his traveling bags. Sen. McCain is fond of Ferragamo footwear.
Hart Shaffner and Marx are off the rack dept. store suits and nowhere near $1500--even if you order them semi custom they don't cost that much. Don't know why people keep bringing up his 'expensive suits.'

Ditto S. Ferragamo shoes.
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  #10  
Old 10-23-2008, 01:51 PM
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Quote:
Originally Posted by Angel View Post
It was the whole public vs private financing thing. If you accept "public financing" (McPalin) - your personal fundraising is capped at a certain amount.
If you do not accept public financing (OBiden), you can raise whatever people will donate.
There are always individual/corporate limits in effect, but they are equally applied.

I'm not sure if my vocabulary is correct, but its close. I've never looked much farther into this issue than that. Not a lot of banter about "campaign finanace reform" these last few months....

The rub is that, supposedly, early this year, BO said that he'd accept public financing. He didnt, but McCain did. Some see this as deceptive but I dont know enough to argue either way. I'm sure someone else here can fill us in.

-John
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  #11  
Old 10-23-2008, 01:53 PM
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Didn't Clinton receive $200K from the Chinese in campaign contributions?







Obama is raising, to use a professional term, ***** ton of money. However, his money is mostly not from the traditional means. Regardless, it is not a big deal that Obama is raising more than McCain, the big deal IMO is the amount it now takes to run for President. It is more effective than any law in squashing 3rd parties. Kerry and Bush raised exponentially more money than the previous race. Obama dwarfs them both. I expect within two elections or so, it will take a billion dollars to compete for the Presidency. Why is that important? Because there are very few people and very few ways to raise a billion dollars.
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  #12  
Old 10-23-2008, 02:13 PM
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Quote:
Originally Posted by MS Fowler View Post
I really do not care the amount raised or given by any candidate.
I DO care who gives, and that they abide by existing law.

I have heard, but not confirmed that some amount of Obama's funding is from overseas, and that this is illegal. Anyone care to document, to comment.
More to the point, for Obama supporters, " Do you care?"
Yeah, yeah, McCain went to European banker funded, fundraisers and nobody cared. Nobody cares about anything. Just say change or terrorist a lot. It feels good.
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  #13  
Old 10-23-2008, 07:33 PM
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Originally Posted by John Doe View Post
Hart Shaffner and Marx are off the rack dept. store suits and nowhere near $1500--even if you order them semi custom they don't cost that much. Don't know why people keep bringing up his 'expensive suits.'

Ditto S. Ferragamo shoes.
He's Had Some Custom Fitted as well as off the rack. However, the DNC didn't pick up the tab.

The Sun-Times reported Tuesday that Obama ordered five new suits from Chicago-based menswear maker Hartmarx. Obama paid full-price, spokesmen for Hartmarx and the Obama campaign said Wednesday. The suits retail for $1,500 apiece.

JD, I do try to make an effort not to pull facts or numbers out of my . . . well, you know. . .

Last edited by MTI; 10-23-2008 at 07:40 PM.
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  #14  
Old 10-23-2008, 11:07 PM
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Just remember who were major donors to Obama

Fannie and Freddie,
Why Quasi goverment agencies were even allowed to donate is a big mystery to me.

While the Republicans where trying to regulate and limit sub prime.
And the Democrats were changing home ownership to a right.


http://www.ldsmag.com/ideas/081017light.html
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  #15  
Old 10-23-2008, 11:13 PM
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Quote:
Originally Posted by kknudson View Post
Just remember who were major donors to Obama

Fannie and Freddie,
Why Quasi goverment agencies were even allowed to donate is a big mystery to me.

While the Republicans where trying to regulate and limit sub prime.
And the Democrats were changing home ownership to a right.


http://www.ldsmag.com/ideas/081017light.html
And the other candidates, Democrat or Republican, never took such donations . . . I see.

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