A post about Kerry's left over money

[FreedomAngel82]

I saw a post in the Hackett thread asking about Kerry's left over money so here's the deal from a hard core Kerrycrat so I want to get this out of the way and cleared. Remember Kerry raised a lot of money before he got the nomination and he even used his own money as well. Once he got the nomination he could no longer use that money. So thus why he has a lot of left over money. He couldn't use it because of the laws! So there you go. Now please no more Kerry money bullshit. Thank you.

[nolies32fouettes]

1. actually, to be more specific

Becuase he couldn't use it for himself he donated it to other progressive candidates. And he also uses it to pay for the continued legal bills. (Remember just because the media hasn't mentioned those cases doesn't mean the lawyers aren't still working on it.)

[FreedomAngel82]

3. Right

And I'm glad he's helping the other canidates. :D And it's great how he's still so popular with democrats running. Even a guy here in my district recently met Kerry in DC and has their picture on the front page of his website (terry2006.com).

[globalvillage]

4. Even more specific

http://www.npr.org/templates/story/story.php?storyId=4180018

Election Fallout: Bickering Over Leftover Kerry Cash

snip:

The law limits what Kerry could do with that money. He was going to take public financing for the general election campaign in the fall, so he couldn't just push that $48.9 million over into post-convention spending. He could, however, transfer dollars to his campaign's general-election legal and compliance fund -- of which more in a minute -- or transfer it to national and state Democratic committees.


snip:

West Virginia Democrats got $100,000 from Kerry and spent it registering voters. Minnesota got $196,000. The battleground states of Florida and Pennsylvania got $500,000 each. Kerry's campaign also steered cash into less likely states. Some $200,000 went to Montana, among the reddest of red states in the presidential campaign, where Democrats nonetheless succeeded in capturing the governorship and a chamber of the legislature. Another $300,000 went to Indiana, where the party was struggling to hang on to the governorship (which was won by a Republican).

snip:

And now to get back to that general election legal and compliance fund -- or what Washington wonks call the GELAC. Kerry's campaign directed a steady stream of money to its GELAC, which is a separate account presidential campaigns maintain to handle the money, file the disclosure reports, and otherwise comply with Federal Election Commission requirements.

All of these transfers totaled a bit less than $11 million through Oct. 13. Reports for the final 19-day sprint have yet to be filed. When they are, they'll show Kerry also gave the Democratic National Committee an astonishing $32.5 million.

snip

[oasis]

2. Now anti-Kerry DUers will have to find something else to moan about.

:cry:

[INdemo]

6. Thank You

[benburch]

5. Has Hackett been banging this drum?

Or just one of his supporters?

[DemDogs]

7. Not so fast.

First: the implication that Kerry's personal money is somehow part of this is completely wrong. He paid himself back the money he lent his campaign when he decided to opt out of the campaign finance limits in Iowa. It paid off for him, he won, but is this what we really want Dems to do?

Second: the statement that he couldn't use the money "because of the laws" is also wrong. He could not use it in his own general election campaign. He could give it to state parties. Ohio, for example, was begging for money. He didn't give it. He said on MTP that they did not ask, but that is absolutely not true. They asked every day for money. It was a stupid move not to give 'em the money, but it wasn't the only stupid move of the campaign.

Third: He has a lot left -- and guess what he can do with it? He can use it for himself in the primaries. Again.

You can support him. That's fine. I'm still mad about this. Mad he didn't give Ohio what they needed and then didn't wait for the provisional votes there to be counted.