Democrats Question Kerry's Campaign Funds (Kerry had 15 million in the bank)
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  Democrats Question Kerry's Campaign Funds (Kerry had 15 million in the bank)
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Author Topic: Democrats Question Kerry's Campaign Funds (Kerry had 15 million in the bank)  (Read 1569 times)
Sam Spade
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« on: November 17, 2004, 06:07:11 PM »

http://story.news.yahoo.com/news?tmpl=story&u=/ap/20041117/ap_on_re_us/democrats_kerry_1

Democrats Question Kerry's Campaign Funds

By RON FOURNIER, AP Political Writer

WASHINGTON - Democratic Party leaders said Wednesday they want to know why Sen. John Kerry ended his presidential campaign with more than $15 million in the bank, money that could have helped Democratic candidates across the country.

Some said he will be pressured to give the money to Democratic campaign committees rather than save it for a potential White House bid in 2008.

"Democrats are questioning why he sat on so much money that could have helped him defeat George Bush or helped down-ballot races, many of which could have gone our way with a few more million dollars," said Donna Brazile, campaign manager for Al Gore's 2000 presidential race.

Brazile is a member of the 400-plus member Democratic National Committee, which meets early next year to pick a new party chairman. One high-ranking member of the DNC, speaking on condition of anonymity, said word of Kerry's nest egg has stirred anger on the committee and could hurt his chances of putting an ally in the chairmanship.

Congressional Democrats and labor leaders also privately questioned Kerry's motives. One said he would personally ask the Massachusetts senator to donate some of the money to the Democratic House and Senate campaign committees.

Three former Kerry campaign aides, also demanding anonymity out of concerns about alienating their former boss, said they were surprised and disappointed to learn that he left so much money in the bank.

Kerry had roughly $45 million left in his primary campaign fund as of mid-October, according to his Federal Election Commission report, and could use that as seed money for another presidential bid.

His final report is not due until next month, but officials close to Kerry said he has $15 million to $17 million in that account, with no outstanding debts, after giving the DNC about $23 million and state parties about $9 million since the mid-October report.

In addition, the report showed that Kerry had about $7 million on hand in a legal and accounting compliance fund that he could use for legal expenses in a 2008 campaign. Officials said he raised several million more for that account since the filing.

Last summer, Kerry donated $3 million each to the House and Senate campaign committees and $2 million to the Democratic Governors Association.

While Kerry has likely given more money to state committees than any other nominee, no other Democrat has raised as much as he did. And second-guessing Democrats said Wednesday they couldn't recall a candidate leaving so much money on the table after a campaign.

"He's going to have to give some of it up for 2005 and beyond," Brazile said. "The party will demand it."
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Sam Spade
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« Reply #1 on: November 17, 2004, 06:08:40 PM »

Once a traitor in Vietnam for his own personal gain, now a traitor to his own party for personal gain. 

Should we be surprised?

I think we really dodged a bullet here again, much like when the now-turned-lunatic Al Gore missed becoming President.
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Sam Spade
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« Reply #2 on: November 17, 2004, 06:13:16 PM »

http://story.news.yahoo.com/news?tmpl=story&cid=512&e=2&u=/ap/kerry

Another link on this subject.
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opebo
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« Reply #3 on: November 18, 2004, 02:52:57 AM »

Once a traitor in Vietnam for his own personal gain, now a traitor to his own party for personal gain. 

Should we be surprised?

I think we really dodged a bullet here again, much like when the now-turned-lunatic Al Gore missed becoming President.

Al Gore has been speaking a lot more truth since he was relieved of any future ambitions.

As for Kerry, even if he were the venal fellow you describe, he would have been far superior to the one we're stuck with.  No bullets were dodged - the US is mortally wounded.
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jimrtex
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« Reply #4 on: November 18, 2004, 04:32:02 AM »

http://story.news.yahoo.com/news?tmpl=story&u=/ap/20041117/ap_on_re_us/democrats_kerry_1

Kerry had roughly $45 million left in his primary campaign fund as of mid-October, according to his Federal Election Commission report, and could use that as seed money for another presidential bid.
Why shouldn't any surplus be returned to the donors?
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MODU
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« Reply #5 on: November 18, 2004, 07:58:53 AM »

http://story.news.yahoo.com/news?tmpl=story&u=/ap/20041117/ap_on_re_us/democrats_kerry_1

Kerry had roughly $45 million left in his primary campaign fund as of mid-October, according to his Federal Election Commission report, and could use that as seed money for another presidential bid.
Why shouldn't any surplus be returned to the donors?


If the funds are donated to the Kerry/Edwards '04 campaign, and not used, then those that donated the funds have a right to reclaim their unused funds.  Now . . . the catch is . . . how would you divide up what's left and refund the money to the doners fairly?
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Acastus
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« Reply #6 on: November 18, 2004, 09:09:06 AM »

The fairest way might be a pro rata refund.  If the the fund raised X and spent 0.6X, then each contributor should receive a refund equal to 40% of their donation.
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