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Edited on Mon Nov-29-04 02:30 PM by mdguss
I am tired of the Kerry-bashing that says, "How could you have that much money left over?" Kerry had 16 million left over after the elections; Gore had 8 million left over in 2000 (it is money that was later given to the Democratic Party; and, because of the Florida recount, it was viewed as too small of an amount to have left over). The headline that Kerry had "45 million dollars left over in his account," is misleading.
John Kerry raised over two-hundred million dollars in his campaign or the Democratic nomination. He raised most of this money after the Super-Tuesday primaries which locked up the nomination for him. He spent the money on things all candidates spend money on: television commercials, direct mail, literature, signs, rent for office space, staff, etc. Kerry also raised record amounts on-line during the Democratic National Convention.
If you take federal funds (as Kerry did), federal law states that you cannot use primary account funds in a general election. A candidate gets a check for 75 million dollars from the federal government after he/she is nominated, and a candidate cannot spend more than that amount after being nominated. Because Kerry raised a large amount of money immediately before accepting federal funding, there was bound to be a large surplus in his campaign account.
Kerry transfered 30 million dollars to the Democratic National Committee 3 weeks before the election. If Kerry had made the transfer before that, there would've been hundreds of headlines that read, "Republicans accuse Kerry of breaking the spirit of campaign finance laws." The money Kerry sent to the DNC went to help all Democrats running for office in 2004. The 16 million dollars that Kerry had left over in his account was prudent: if there was a recount, he'd have to spend a fair amount flying lawyers to the disputed state, lodging them, feeding them, providing transportation to them, and paying court fees. Sadly, most of that money wasn't needed--I don't know, but I imagine some of it was used to research what happened in Ohio.
So next year, Democratic candidates for state and local offices may see a check cut to their local parties and/or campaign committees. In 2006, some of the money will be used to help Democrats get elected to Congress, Governorships and state legislatures.
The reality is that this story is a smear campaign being peddled by people--both Republicans and Democrats--who harbor their own White House ambitions. They know John Kerry would be a very strong candidate in four years, and so they've taken to criticizing him for prudent management of his campaign's resources. I hope John Kerry becomes President; and if he does, I know that there will be surpluses instead of deficits in the federal budget.
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