10 comments

  1. MindyMay says:

    THANK YOU!!!!!!!!!!

    but i was not shriekin. also im not too good with all this campaign money stuff. you can loan yourself money how does that work?

  2. Federalist says:

    A candidate can loan him or herself as much money as they want. A few years ago, for example, Jon Corzine loaned himself around $60 million for his senate race. The upside to loaning your campaign money is that it shows a level of dedication…$15,000 is too little (in my opinion) to show dedication. Chances are those are operating and supply expenses. You know, printers, computers, and other stuff that Greene will be keeping after he loses this race. It can take a while to pay off campaign debt, I think Jesse Jackson is still paying off campaign loans he made to his presidential campaign. Depending how large a loan is will determine whether the candidate is considered “wealthy.” This status can allow opposition candidates to have higher maximum contribution amounts than the wealthy candidate. The only reason I can see why candidate loans are unlimited is because the candidate will not be corrupted by his or her self. That is the underlying exception to that whole “political money is political speech and free speech is protected by the 1st Amendment” is that when too much money is contributed…addition access is being purchased . Financing the 2002, 2004, and 2006 elections are some excellent books about what campaigns have begun to do, what can be expected, and why…concerning campaign finance practices. Yes, it is by the Brookings Institution, but the Heritage foundation just pisses and moans about the fact that corporations can not give millions to a candidate any more.

  3. AlanR says:

    Federalist:

    Thanks for the explanation. Now I know.

    But its gonna take a few minutes for me to get the $60 million part of your example.

  4. Federalist says:

    What do mean? I was just using an outrageous, real life example. In 2000, Corzine “raised” $63 million +, $60 million was a loan he made to his bid for the Senate seat.

  5. bowersville says:

    The bottom line is the Greene campaign is broke, with the $15K loan by Greene, with $25K on hand means Greene probably had to loan his campaign money to continue borrowing on the credit to pay overdue bills.

    After June 19th, unless Greene owes or spends the $15K between now and then, Greene gets the money back as a campaign debt. That would be the smart thing to do when he doesn’t reach a runoff.

    Without Greene’s loan to the campaign, there is only $10k on hand. Not much!

  6. Federalist says:

    Not much?! You can not do anything in campaign with $10K. Maybe a very small, very targeted direct mailing…or some more campaign signs. Paul Brouns’s Campaign has the same problem He only has $6k. The fundraising success of a campaign has a lot to say about the effectiveness a congressperson will have. There are exceptions of couse. Raising a lot does not mean a candidate will make a good legislator…just look at Jim Whitehead or Tom DeLay.

  7. LakeGuy says:

    Wow! 25k. This just proves why Bill Greene is the leader in this race! *Laughing hysterically*

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