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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:00 PM
Original message
"The Edwards Problem" by Kos
The Edwards problem
by kos

Tue Oct 02, 2007 at 10:33:48 AM PDT

Yesterday evening I had campaign law expert Adam B. give us a fact-based rundown on what taking public money in the primary really means and entails. The bottom line:

Then come the expenditure caps, and on this there's been confusion because there are two sets of caps. There is a cap on per-state spending which appears bizarrely low ($1,486,433 for Iowa?) and is not what it seems -- the caps only apply to television and radio advertising, or to direct mail that is sent within 28 days before the vote.

No, the real cap issue is the overall spending cap for the primaries, which lasts from the start of your campaign through the end of the Convention in late August (when you're no longer seeking the nomination), and it's believed to be around $43M for 2008. And that sum includes almost everything -- only "certain fundraising expenses (up to 20 percent of the expenditure limit) and legal and accounting expenses incurred solely to ensure the campaign's compliance with the law" are exempt from that limit, and it's those figures which bring you to the $50M+ cap generally quoted.

As to that sum, Edwards spent $9.8M over the first six months, and is estimated to have spent about $8M more this quarter. Subtract from that the exempt expenditures, and he's got $33-35M left to spend between now and next August. (Obviously, if he is the nominee, he'll have no problem raising the rest of that.)


This is dramatic and worse than I ever imagined. When talking to the Edwards campaign, they stressed the state limits, and how so few things applied to it (mostly advertising, and not even the full cost, at that). They neglected to tell me the far more important overall spending cap -- the $50 million figure. And that's what makes his nomination so dangerous.

No matter how much the Edwards campaign argues that this is a decision based on principle, it's not.

http://www.dailykos.com/storyonly/2007/10/2/125557/813
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robinlynne Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:05 PM
Response to Original message
1. so what?
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Cameron27 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:09 PM
Response to Reply #1
6. Here's so what:
Edited on Tue Oct-02-07 03:12 PM by seasonedblue
From kos:

"Based on winning the primary, this decision makes sense. But if it succeeds, we will have a handicapped nominee for a long, painful six months. The RNC, the GOP candidate, the conservative 527s (like Freedom Watch) will all be beating the shit out of our nominee, and without the ability to control message and directly fire back, we'll be at a gross disadvantage.

So what would Edwards do, depend on free media? Really? The same ones that trashed Gore and Kerry, and have already done a good number on Edwards? Rely on the good sense of the voting public? Please. If you can't talk to them, they listen to the people who can.

Money isn't everything in politics. But there's a difference being outspent $4 million (like in Montana's 2006 Senate race), or $9 million (like in Virginia's 2006 Senate race), and being outspent by $125 million. Kerry spent $175 million through the summer in 2004. Political inflation will likely make that number even bigger this time around.

For the Edwards plan to work and not hurt us, we would need:

A ridiculously frugal Edwards effort, with nary a wasted dollar spent to win the nomination,
Fundraising troubles for the RNC, the GOP nominee, and the conservative 527s,
Gangbuster fundraising for the DNC and progressive 527s,
A media willing to treat Edwards with respect and fairness,
A public unusually resistant to typical GOP bullshit and scare tactics."

edited for quotations
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robinlynne Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:50 PM
Response to Reply #6
17. well, if you remember the kerry campaign, we grassroots worked our butts off.
If Edwards wins the nomination, we will be doing the same. I'm really not worried about that. Beween Edwards and a republican, there are not going to be very many undecideds. really. If it were HRc vs republican, the race would be closer, because the positions are more similar. Edwards vs repub; very few people will change their minds on either side.
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Cameron27 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:06 PM
Response to Original message
2. Surprising to hear this from kos,
but I believe he's right.
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Adelante Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:12 PM
Response to Reply #2
8. He is pretty clear-eyed there
Not that a blind man couldn't see through the cynical spin on this one.
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rinsd Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:08 PM
Response to Original message
3. There's an uncomfortable feeling in the pit of my stomach.
Edited on Tue Oct-02-07 03:08 PM by rinsd
Before I thought it was worse because I thought it included the GE.

But thinking about this even more, if the nomination is wrapped up by March (and it likely will be) that leaves whoever the GOP nominee is to hammer at him all the way until convention time.

There is no fucking way he will be able to come away with nearly enough money to defend himself from the coming attack under the pub financing scenario. He will have to rely on the DNC & 527's which means no control of message and no cooperation with the campaign.

Joe Trippi should be fired.
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killbotfactory Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:21 PM
Response to Reply #3
14. "Joe Trippi should be fired."
I certainly wouldn't want him in charge of any campaign funds.
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karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 07:36 PM
Response to Reply #3
27. Trippi really is as bad as everyone said here - this really is bad
Can he change now before he actually has money - I think
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:08 PM
Response to Original message
4. Gosh, it's sickening that money should determine who becomes prez...
...when the future of the planet might depend on it. Unbelievable.
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rinsd Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:09 PM
Response to Reply #4
5. Kos last 3 paragraphs
That's quite a few assumptions for an election that will decide the course of the war in Iraq and who replaces Justice Stevens (which will either keep the Supreme Court "lean conservative", or push it to "batshit insane right-wing"), not to mention all the other issues and causes we care about, including, well, public financing.

Sen. Feingold has introduced the Presidential Funding Act of 2007, which would increase the primary spending limit for each participating candidate from ~$50 million to $150 million (with only $100 million of that expenditure permitted before April 1 of the election year), get rid of the state caps and do a bunch of other cool things. If you believe this system is worth preserving, it's a good start.

But to make all of that happen, we have to get elected in this current system, not hope that "running on principle" will somehow negate a $125 million Republican sleaze attack.
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:12 PM
Response to Reply #5
9. Wonder how much support Feingold's bill has...
I'm keeping my fingers crossed.
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Adelante Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:15 PM
Response to Reply #9
11. Me too, polichick
This is a filthy swamp we're all sucked into election after election after election.
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rinsd Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:16 PM
Response to Reply #9
12. Let's hope it is passed in Feb of 2009.
With big Dem majorities in the House and Senate and Democrat in the WH.
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Cameron27 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:17 PM
Response to Reply #12
13. Exactly
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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 04:09 PM
Response to Reply #9
20. Senator Feingold's lone co-sponsor for the bill, S.436, introduced 1/30/07 is Senator Barack Obama.
http://thomas.loc.gov/cgi-bin/bdquery/z?d110:SN00436:@@@P

S.436

Title: A bill to amend the Internal Revenue Code of 1086 to reform the system of public financing for Presidential elections, and for other purposes.
Sponsor: Sen Feingold, Russell D. (introduced 1/30/2007) Cosponsors (1)

Related Bills: H.R.776

Latest Major Action: 1/30/2007 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
COSPONSORS(1), ALPHABETICAL : (Sort: by date)

Sen Obama, Barack - 2/14/2007
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 04:13 PM
Response to Reply #20
21. Hmmm, and Feingold is about to endorse Obama...
Edited on Tue Oct-02-07 04:14 PM by polichick
Maybe we will see an Obama/Feingold ticket, as some around here have suggested. Thanks!
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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 04:32 PM
Response to Reply #21
23. How sweet that would be!
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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 04:14 PM
Response to Reply #20
22. The Clintons touted public financing in 1992, as well--yet did nothing when Bill was elected.
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Freddie Stubbs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:40 PM
Response to Reply #4
15. The candidate's ability to raise funds is a function of their popularity
Hillary and Obama are the most popular, and they have raised the most money. Second tier candidates like Edwards and Richardson have raised less, but more than the hopeless campaigns of Kucinich and Gravel.
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:58 PM
Response to Reply #15
19. Sometimes that "popularity" only amounts to sucking up to lobbies...
Edited on Tue Oct-02-07 04:01 PM by polichick
Not the kind of popularity that's useful in a president who's supposed to represent "the people."
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Freddie Stubbs Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-03-07 07:24 AM
Response to Reply #19
28. But here popularity amounts to standing in the polls and fundraising ability
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wyldwolf Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:11 PM
Response to Original message
7. Sometime around December KOS will endorse Hillary...
...then he'll take credit when she wins.
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Adelante Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:13 PM
Response to Reply #7
10. I think it will be in November
:)
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MalloyLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:47 PM
Response to Original message
16. Kos is a dumb irrelevant pile of poop
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jcrew2001 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 03:50 PM
Response to Original message
18. is Kucinich or Richardson taking public financing?
whats the point of public financing anyway if no one uses it.
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Cameron27 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 05:41 PM
Response to Reply #18
24. Public financing has no point unless
everyone uses it. If it's only used by the Democrats, then kos is right, they're handicapping themselves.
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MethuenProgressive Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 06:06 PM
Response to Original message
25. "the Edwards campaign argues this is a decision based on principle, it's not."
"No matter how much the Edwards campaign argues that this is a decision based on principle, it's not."

Tell that to his besotted DU fans who applauded him when he didn't, and then cheered when he did, take public money.
"He's great to take public financing!" So, he sucked when he didn't? :eyes:
Supporting public financing *only* half way, *only* after you've failed to collect enough the other way, is hypocritical.
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Catchawave Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-02-07 06:40 PM
Response to Original message
26. I guess you MISSED the Kos poll ?
How does Edwards' decision to take public financing affect your view of him?

Edwards supporter, and this hardens my support
8% 371 votes

Edwards supporter, and this changes nothing
28% 1194 votes

Edwards supporter, but this softens my support
9% 408 votes

Edwards supporter, but I can no longer support him
2% 102 votes

Undecided, and more likely to support Edwards
7% 328 votes

Undecided, and less likely to support Edwards
8% 378 votes

Undecided, and I can never support Edwards
1% 67 votes

Not an Edwards supporter, but this could flip me
0% 29 votes

Not an Edwards supporter, and this changes nothing
23% 976 votes

Some random answer for those of you who would lie anyways
5% 250 votes

Other
2% 124 votes

http://www.dailykos.com/story/2007/10/2/162736/413

| 4227 votes | Results
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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-03-07 07:26 AM
Response to Reply #26
29. And?
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