Tuesday, May 20, 2008

GOP Retirements Crippling Fund Raising

With changes to lobbying rules at the beginning of this yearmaking revolving door payoffs more difficult, the unpleasantness of being the minority party, and the prospect of losing a seat in what was once a safe election, Republican incumbents are retiring in droves, and now it's reported that this is crippling their fund raising apparatus:
Of the 32 Republicans who have resigned or announced plans to retire, 26 have political action committees known as leadership PACs — which members of Congress typically use to make donations to colleagues facing tough campaigns. Those 26 PACs raised $17 million in the last campaign cycle, but only $5.3 million for this election, a USA TODAY analysis of the latest campaign reports filed in March and April shows.
The bigger picture is that when your fund raising is based on bribery and extortion, which is what Tom Delay's "K Street Project" was, you can no longer raise money if you lack the power to deliver.

Fee for service also means no fee for no service.

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