Friday, July 02, 2004
There have been tons of stories this election year about the amount of money pouring into the presidential race. As reported here, John Kerry's campaign has now raised $180 million, almost $150 million of it coming after he clinched the nomination.
One hundred and fifty million bucks, all to win a nomination that he has already won. Bush is the same - he had no competition, yet he still raised nearly $220 million to win his party's nomination. We all know it's Kerry versus Bush, and yet the cash continues to flow. It's an end-run around election law, which was pretty weak to begin with.
Both Kerry and Bush are exploiting a law which was designed to be exploited - yet another example of politicians passing toothless campaign finance laws whose principal goal is to maintain their and their parties' addiction to money.
Have a great 4th of July.