Public finance geeks: Need help. - Democratic Underground

MGKrebs

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Wed Jan-02-08 03:11 PM
Original message

Public finance geeks: Need help.

How does John Edwards get to spend $2.7 million on TV, plus have 175 staffers and 25 offices in Iowa, when the spending limit for him in Iowa is supposed to be about $1.5 million?

http://www.mydd.com/story/2007/12/28/223528/15

http://www.fec.gov/pages/brochures/pubfund_limits_2007.shtml

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1corona4u

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Wed Jan-02-08 03:15 PM
Response to Original message

1. Good question. Let's see if it gets answered....

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cali

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Wed Jan-02-08 03:19 PM
Response to Original message

2. I can only guess that that's because the FEC

is completely dysfunctional.

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no name no slogan

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Wed Jan-02-08 03:24 PM
Response to Reply #2

4. As of yesterday, there is no FEC

Let the electoral hijinx and chicanery commence!

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MGKrebs

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Wed Jan-02-08 04:43 PM
Response to Reply #4

6. The FEC will be back in business shortly.

I think.
Is he just planning on paying a fine and moving on then?

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slick8790

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Wed Jan-02-08 03:23 PM
Response to Original message

3. I don't know how much of a difference this makes, but

"The limits applicable to publicly funded candidates running in 2008 will not be available until early in 2008. In the meantime, the chart below contains the limits "if the election were held in 2007.""

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MGKrebs

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Wed Jan-02-08 03:31 PM
Response to Reply #3

5. The spending limit in 2004 was $1.3 million.

Edited on Wed Jan-02-08 03:32 PM by MGKrebs

So that would be a big jump.
http://www.fec.gov/pages/brochures/pubfund_limits_2004.shtml

Even if you add in the expected 25% for legal fees and fundraising expenses, I still can't make it add up. And if he's using Illinois media outlets to blast into Iowa, why is Jerome counting it?

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MGKrebs

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Wed Jan-02-08 06:41 PM
Response to Original message

7. OK, without any other ideas, I am going to suggest

that it appears he might be prepared to just blatantly exceed the limits and pay the fine somewhere down the road. If Jerome's numbers are anywhere near accurate I don't know how else to interpret this. We've even heard anecdotal stories from Iowa DUers who say Edwards seems to have as much presence as anybody else.

I've been very eager to hear the Team Edwards plan for overcoming the financing deficit that matching funds will put them in, and so far this seems to be the only clue to an answer.

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