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Hillary Announces NO Public Financing for Her Campaign. Cafferty says Big IOU Coming

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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:21 PM
Original message
Hillary Announces NO Public Financing for Her Campaign. Cafferty says Big IOU Coming
Edited on Tue Jan-23-07 03:21 PM by KoKo01
on Inauguration if other Candidates follow her lead and he's hearing that they will. Even John McCain is saying his "campaign finance reform hasn't worked," according to Cafferty.

So, our Candidates don't even need the $1.00 we check off on our tax returns. All the financing they need is from the Corporations and Special Interest Groups.

Amazing they are admitting it upfront. Guess they don't even care about all those IOU's that will be coming due. And another Imperial President can have "secret meetings" with Big Interests and never reveal it...since Cheney set the precedent with Enron and Big Oil setting our Energy and probably "War Policy." :-(
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Richard Steele Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:23 PM
Response to Original message
1. Cheney didn't set that precedent. nm
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galadrium Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:24 PM
Response to Original message
2. I think it has more to do with being competative in the general election
In politics money talks. If she wants to win she needs the flexibility to be able to raise as much as possible and not be capped by accepting public funds.
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:26 PM
Response to Reply #2
3. So you think Corporations and Special Interest are the ONLY ONES
who should finance our Elections? Wow....where's the accountability, there?
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galadrium Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:31 PM
Response to Reply #3
6. I don't think that at all
But the reality is, If Hillary accepts public funding for her campaign and her GOP opponent doesn't her hands will be tied and she could be horribly outspent.
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rinsd Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:27 PM
Response to Original message
4. Smart. Kerry got killed for being "honorable" in 2004
If he had forgone public financing after the convention he would have had the dough to fight the Swifties.
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Mojambo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:28 PM
Response to Reply #4
5. Seems to me he had (and still has) plenty of money left over from that election
At least that's what I had heard.
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Freddie Stubbs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:36 PM
Response to Reply #5
8. $12 million left over
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Mojambo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:38 PM
Response to Reply #8
10. So it would seem lack of money wasn't the reason he didn't beat back the swiftboating. n/t
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rockymountaindem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:41 PM
Response to Reply #10
11. He was prevented from spending that money after the convention
because he had raised it before the convention, as a result of accepting public funds (as I understand). I guess he could use it this time because it is a new election cycle.
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 04:00 PM
Response to Reply #8
20. Answer a math question
If money came in the day before he accepted the nomination, how was he supposed to spend it? It would have been illegal.
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rinsd Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:51 PM
Response to Reply #5
14. He did. But that wasn't the problem
Accepting public finance means you have to wait to spend general election funds until after both conventions.

So with the late (very planned) date of the GOP convention Kerry was left with nothing in August and had to rely on outside groups to defend him.
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Mojambo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:57 PM
Response to Reply #14
16. Thanks for the clarification. n/t
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rinsd Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:59 PM
Response to Reply #16
18. No sweat. It was a tough decision for Kerry that ultimately was a strategic mistake
He wanted to keep the idea of the public financing alive.

He had hoped to beat Bush over the head with his opting out.

And post-convention he had such momentum I think concerns about getting caught flat footed were pushed aside. Then the Swifties came.
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sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 06:44 PM
Response to Reply #4
39. Please..
... Kerry had plenty of dough. What he lacked was the mojo.
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More Than A Feeling Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:32 PM
Response to Original message
7. If Hillary doing this leads to a real conversation about public financing
Edited on Tue Jan-23-07 03:33 PM by Heaven and Earth
and a new system enacted, not just for the president, but also for congress, well, then I will be glad that she did it.
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John Q. Citizen Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:55 PM
Response to Reply #7
15. My friend's mom used to say, "If wishes were fishes, we'd have a fish fry."
Since over 90% of congressional races are won by the candidate who spends the most money, and the incumbant has a clear fund raising advantage over a challenger, why would an incumbant want to damage their own advantage to be re-elected by leveling the playing field?


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More Than A Feeling Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:58 PM
Response to Reply #15
17. Because they hate raising money?
Edited on Tue Jan-23-07 03:58 PM by Heaven and Earth
It isn't as hard to get incumbents to act in the party's interest when it goes against their own as you might think. When Republicans redistrict, for example, they generally make their incumbents less safe in order to gain more seats on the whole.
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John Q. Citizen Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 04:13 PM
Response to Reply #17
24. Well, under your theory the problem should have been solved. The job
decription is raising money.

And gerrymandering can hardly be construed as contrary to the parties interest, and both parties do it when given the chance.

Hillary outspent every other race by leaps and bounds in 06, even though her seat was a shoe in. So I don't see her as an allie in public financing of elections.

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More Than A Feeling Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 04:15 PM
Response to Reply #24
25. Didn't say she was.
In fact, her reliance on the professional donor class at the expense of the grassroots is one of my beefs with her.
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John Q. Citizen Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 04:16 PM
Response to Reply #25
26. Me too. n/t
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hedda_foil Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:37 PM
Response to Original message
9. Clean elections.
The next big battle has got to be mandatory public financing of elections.
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:42 PM
Response to Reply #9
12. Agree...if the Bush years haven't shown how out of control it is ...
what will? When the Corporations can put in the President and force us to vote on voting machines that are capable of being manipulated and our jobs are leaving America..one wonders what's left.

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OKNancy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:43 PM
Response to Original message
13. She will get tons of small donations
just like Dean and Clark did. Sure, she will get the big donors, but don't count out her grassroots support. There are millions of Democrats who don't hate her like DUers do.

LOL - interesting side note: I got an invitation to meet John Edwards on Feb. 14th IF I have at least $1000.00 to attend the luncheon.
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 04:04 PM
Response to Reply #13
21. Grassroots dollars just help pay "postage" when the Corporations
and Special interests are funding it all. The wealthy money get's the return phone calls. My $100.00 gets a form letter.

So...why even give as a little donor...when it's "postage stamps" or some phone bills that are paid and we no longer have "ACCESS?" :shrug:
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OKNancy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 04:10 PM
Response to Reply #21
23. don't then
donate to whomever you please.
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 04:36 PM
Response to Reply #23
29. But the person I might choose to donate to ...can't compete!
Edited on Tue Jan-23-07 05:15 PM by KoKo01
Given the Corporate/Special Interests...what does it matter if I give to what the MSM calls the "Quixotic P-Candidate Kucinich, or the unknown Vilsak?"

If only the MEDIA FRONTRUNNERS like Hillary and Biden and Dodd on the Dem side can get funding from the Corporate/Special Interests what does that mean to the Grassroots who can only donate a Dollar or Two or a Hundred or maybe 200.00?

When they only have to go out and appear to their BIG DONORS (flying in on Campaign Donated Special Planes by the Corporatists) and being escorted to the BIG HOUSE where the SPECIAL DONORS have Catered Appetizers and folks have written "under the law" donations...how do "WE, THE PEOPLE" ever HOLD THEM ACCOUNTABLE? :shrug: HOW?
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SaveElmer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 03:59 PM
Response to Original message
19. Sorry...I support reform including total public financing...but
I see no reason for Democrats to unilaterally disarm themselves...

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zbdent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 04:06 PM
Response to Original message
22. Don't know why Repukes would bitch about this
since their posterboy "Messiah" Bush did it ...
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John Q. Citizen Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 04:18 PM
Response to Reply #22
27. But I see why the public might. n/t
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LSK Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 04:28 PM
Response to Original message
28. one month in Iraq could pay for the whole election
$8 billion.

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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 04:51 PM
Response to Reply #28
30. I know...disgusting isn't it...Elections and ALL ELSE held Captive to Iraq!
I never thought I'd live in an American Expriment so ALTRUISTIC LIKE THIS..that CRASHES ON IT's BUTT!
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StrictlyRockers Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 04:52 PM
Response to Original message
31. I like this, a lot. This is a good sign.
Hillary would make a great prez, imho.

SR
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 05:17 PM
Response to Reply #31
33. Hillary says: I have enough "Corporate Donors" & I don't need Postage Mail from Individuals
and YOU THINk...this is GOOD? WHY?
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 05:04 PM
Response to Original message
32. Howard Dean on Tweety just did an announcement that he took Corporate Funds!
Dean Admitted that he took Corporate Funds and was the FIRST TO DO SO...according to the "Campaign Finace Laws." He said "Until Publick Financing of Elections" can be put in place ..."We Dems have to take what's available to compete."

DEAN said: "I'm totally in favor or Public Financing of our Elections...but until we get that...we need to compete."

He makes an interesting point.
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AtomicKitten Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 05:19 PM
Response to Reply #32
34. Dean has it exactly right.
DEAN said: "I'm totally in favor or Public Financing of our Elections...but until we get that...we need to compete."
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k_jerome Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 05:22 PM
Response to Original message
35. following Howard Deans lead...good move. nt.
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 05:36 PM
Response to Reply #35
36. I understand that Hillary is "pragmatic" in her decisions..BUT
should Dems Vote for Bill/Hillary Once Again? I've not been convinced of that ...so far. :shrug:
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k_jerome Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 05:40 PM
Response to Reply #36
37. i vote for the person..not the family...
it is early yet. lets see how things evolve.
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 08:48 PM
Response to Reply #37
41. How can one vote for Hillary and leave out her Awesome Partner?
:shrug:
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Ignacio Upton Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 05:55 PM
Response to Original message
38. That's because the current process is VOLUNTARY
By accepting those funds for the primary and/or general election, you are putting yourself at a disadvantage. One of the reasons why Kerry was able to stay competitive with Bush in 2004, despite Bush's colossal warchest, was because he opted out of federal matching funds (he did this right after Dean announced he would do it during the primaries, as a way to stay competitive with Dean.) Unless you make federal matching funds mandatory, then they are useless.
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 06:47 PM
Response to Reply #38
40. But! does making "process voluntary" mean it's GOOD for Candidates to
acceot ONLY CORPORATE or Special Interet FUNDS? That's the question...

I don't think it's a GOOD THING. :shrug:
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 09:11 PM
Response to Original message
42. Molly Ivans apparently thinks Hillary's Wrong on not taking Public Funds...here:
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fuzzyball Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-23-07 09:30 PM
Response to Original message
43. There are some limitations imposed when they accept public money
Edited on Tue Jan-23-07 09:30 PM by fuzzyball
which is why some prefer all private money, if they
can get it with connections to the corporate world.
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