Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Thursday, November 20, 2008

The Clinton Questions

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

If Hillary becomes Secretary of State, what happens to her campaign debt? She still owes about $7.6 million, and there is that little thing called the Hatch Act. That piece of legislation precludes her from soliciting any monies to pay off the campaign debt. If her campaign committee stays active, IT can raise funds, but history doesn't indicate that scenario would result in much success.

Then again, don't feel too bad: over $5 million of that debt is owed to Mark Penn.

The related question is: would this appointment really be a good idea? The thing that gets me is that for two years, the Obama machine was a lock-box where leaks were concerned. The Clinton campaign, however, was like a colander with really big holes. So, my guess is that we know from where the leaks, and the drama, is emanating. Leaks, especially where delicate intra-country negotiations are concerned, are very, very bad. **IF** the Clinton machine is trying to manipulate the Obama administration into giving State to Hillary, what does that say about her ability to tow the Obama line if ensconsed in office?

Floor is open.

Wednesday, November 12, 2008

Never Stop Having Fun With Numbers

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

This is the FEC form for the McCain-Palin Compliance Fund. It shows more than $9 million put away by the campaign to pay for the audit. By law, because the campaign took 84 million Federal dollars (read: our tax dollars) to fund itself, the FEC is required to undertake an audit.

It could take years. McCain will have to defend himself over it. And yes, "the wardrobe" will come under scrutiny.

Add this to the problems McCain had earlier in applying for Federal funds during the primary, and then not actually receiving them, but in the interim using the promise of the funds to secure a loan, AND get on the Ohio primary ballot. But like I said, the process could take years.

And no, the Obama-Biden campaign will likely not be subject to an audit, as it took no Federal funds. It could happen, but it's highly unlikely.

Sunday, October 26, 2008

Campaign Financing...Still

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

Before we get to the topic at hand...if you haven't voted in our Presidential Forecast Contest, there's still time!

Now, what's wrong with this picture?

This is the money raised and spent by John McCain's campaign.


It looks a little high to me, even given the $84 million in Federal funds.

And it seems I'm not the only one with a question.

The Democratic National Committee (DNC) plans to file a fundraising complaint Monday alleging that John McCain's campaign accepted contributions that exceeded the federal limits and took donations from anonymous backers.

Democrats say in the complaint to the Federal Election Commission (FEC) that Sen. McCain's (R-Ariz.) presidential campaign received 6,653 donations that each were at least $1,000 greater than the $2,300 donation limit. McCain also took 23 anonymous contributions that were greater than the $50 limit on donations from unnamed supporters, the complaint says. The complaint is based on records provided by the McCain campaign on its own website.
As usual, I'm shocked. Shocked I tell you...

Monday, October 20, 2008

What Does $150 Million Dollars Mean?

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

There are actually two related questions: what does $150 mean to the current Obama campaign? Also, what does the ability to raise $150 Million dollars in one month from several million individual people mean for the future of campaign finance reform in America?

The second question is something that fascinates me, and which I’ll be writing on after the election. It's made even more interesting in that Obama has raised more this cycle than all competitors combined in 2000, and may eventually beat the 2004 total.

The first question is more immediate in nature. When I think of $150 million, my mind harkens back to the Mad Magazine strip “The Lighter Side of…” by Dave Berg. In “The Lighter Side of…Business” there was a guy in a suit running around an office with lots of desks, with people sitting at them. He was waving a piece of paper.

“Who made a 50 cent phone call?” he bellowed.

“JB,” one of his assistants implored, “You’re the head of an international multi-national corporation which deals in millions of dollars a year. Why do you care about a 50 cent phone call?”

“Hundreds of millions of dollars I don’t understand,” he said, “But a phone call should cost a nickel. Now WHO SPENT…..”
I admit, I don’t understand $150 million dollars. But in scale, I understand that the campaign is spending $39 million in Florida and millions more in other states. I know about the $39 million because I received an e-mail from the campaign about it. I received that e-mail twice: once to the e-mail address I used to give money to the campaign, where they thanked me for my contributions and asked for more, and the second to an alternate e-mail address where they pointed out that they knew I’d been on the site, but hadn’t given money yet, would I like to help?

Ask yourself, could the Obama campaign raised as much as they have without the internet? What will it mean if a candidate is elected who is “beholden” to a constituency of “regular Americans”?

Those are discussion points, but here is the reality: money drives the abilities of campaigns to compete. And right now, the Obama campaign can be likened to standing at the prize stand down the shore, or at the carnival, where you have your tickets won at skee-ball, and whack-the-gopher, and the other games. You have ALMOST enough tickets for the big prize you want. Do you play a few more games, or take the smaller prize?

The campaign has enough to win the election, but the bigger prize is what’s known as a mandate. If Obama wins the election, as Baby Bush did in 2004, with a bare win, it affects the ability to govern. Compare that to the mandate of LBJ in ’64 (486 EVs, 44 states plus the District of Columbia, which was that year voting in its first Presidential election.)

A mandate in this transformation year means that the 100 day honeymoon a president is usually accorded with Congress can be more blissful than usual. It means this year that when the two chambers return on 17 November, Obama's economic plan can be framed and, at worst, be ready to implement on 21 January 2009.

If you don't yet own a piece of the campaign, maybe now's the time.

Sunday, October 19, 2008

Be Proud, Be VERY Proud

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

From the Campaign for Change:

Obama for America Campaign Manager David Plouffe sent an email to our supporters this morning to announce our September fundraising numbers.

In the month of September, we raised over $150 million and added 632,000 new donors for a total 3.1 million donors to date.

The average donation for the month was less than $100.
The average contribution for the campaign is $86.

Wednesday, October 15, 2008

Money

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

The day that the market nosedived, I received my USA Today renewal notice. I started reading a daily newspaper in third grade, when we were required to bring in a NY Times article once a week and be prepared to explain it to the class. I've always had the newspaper delivered. I actually thought about not renewing, because the devastating market made me "FEEL" poor.

Now, unlike some people who've been asked this question on the national news by Katie Couric, I happen to know what I read "to keep up with current events", and in addition to my delivered paper, I read a bunch of newspapers, news sites and blogs on-line. But there is something about holding a newspaper in my hands every day.

Yesterday, I needed gas for my little car, and filled it up for $24, since I have a 10 gallon tank, and usually fill at 8 gallons down. Objectively, spending $8 less a week for gas isn't a lot, but it "FEELS" like much less. So I renewed my newspaper subscription.

A lot of how we view the economy is how we feel about the economy in general, and our own financial situation in particular. They used to say a downturn was when you heard the economy was tanking, a recession was when your neighbor lost his job, and a depression when you lost your job.

But for some people, perception IS reality, and they are in very bad shape. CNN reports on people who commit suicide, or murder-suicide, or attempted suicide, over impending house foreclosures.

I don't know the overwhelming number of people who read this site: so I don't know your financial situation. But if you are in financial distress, PLEASE call a local help line, call a family member. You can get a new place to live, those who love you cannot get another you.

If you know someone in dire straights, maybe you can help. I'm not talking paying off the back mortgage, but perhaps by pointing your neighbor/friend/family member to programs which can stave foreclosure, or a mental health program.

And if you're financially able, maybe renew your newspaper subscription, or buy something: 2/3 of the economy is based on consumer spending.

Tuesday, September 30, 2008

Today is the FEC's Q3 Contribution Deadline

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

Puttin' out a yard sign and bloggin' on the Internets are nice - but they are not enough.

To truly change our country, to have elected officials who stand up for what we believe in, our candidates need your help making their case to the voters. Either by volunteering your time to make phone calls or knock on doors, or - at the minimum - by making a financial contribution to the campaign.

For a list of candidates who need help, I recommend checking the Democratic Congressional Campaign Committee's Red-to-Blue web page. This is a program which seeks to support Democrats who are running to turn red districts blue. You can find the DCCC link here.

For other than federal candidates, you can also visit the Democratic Senatorial Campaign Committee or the web page of this great guy running for president.

I'll also make a personal plug for my friend Bev Perdue who is in a tough race to retain a Democratic Governor's seat in North Carolina. This is a state which hasn't elected a Republican Governor but twice in the past 100 years, but it hasn't been easy, either. Let's remind the voters that real Carolina Blue is the Democratic kind.

Yes, it's a rough economy - but it doesn't take much to make a big difference. You can donate anywhere from $1 on up to the legally allowed limit. I have given to a number of candidates already, will give a little bit more today and I encourage others to do the same.

In an age of Internet fundraising, even modest contributions make a big difference as evidenced by the millions of small contributions given to the campaign of Barack Obama.

Got a favorite candidate that you'd like others to consider contributing to today? Leave a message and a link to the candidate page in the comments section!

UPDATE:
The deadline is today, September 30th and you have until midnight tonight (in your time zone) to make a contribution.

Monday, September 15, 2008

It's the Money....

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

I read with interest the comments on Blasting the Ceiling, and it warms my heart that so many of you are donating time and money to the Obama campaign.


For those of you who said "I couldn't give much" - don't be hard on yourselves. One of the major things that separates the Obama campaign from every other national campaign in history is the shear number of people who have donated to the campaign. And while the total number of dollars is certainly important to run a campaign, the tone of a campaign is made much different if that money actually comes from the constituency than from the big donors.

The Washington Post put up a chart showing taxpayer income in America, and pointed out that 60% of American taxpayers make less than $66,354. This means that the majority of Americans cannot actually make those $28,400 contributions to the National parties, nor the $4,600 to the Presidential primary and general campaigns.

Think about it: until this year, the vast majority of income to presidential campaigns came from "not-regular-people". Sure, people of modest means contributed, but the campaigns RAN on money from the few. THIS is what true campaign finance reform is about -- the idea that millions of Americans "own" a piece of the campaign. Not "own" in terms of "can have an audience with" nor "can get access to" nor "can force policy changes" -- but "own" in terms of saying "this is my candidate, this is my message, this is the change I want." Read it again: it's a powerful thought.

If you say "I can't give more", that's okay. You may well have 20 friends who are good for $5 each. You can then mail in that $100. Consider yourself a "mini-bundler". Or ask everyone you know to go to the Obama site and give $5. You can go to www.mybarackobama.com and set up a personal fundraising page. And yes, $5 is fine. Imagine if a million more people gave just $5 each, and then they each got 2 friends to give $5.

Read more...
You may wonder what costs campaigns so much. Sure, there are the planes, and hotel bills, and advertising (that last one can burn a million a day by itself) - but also the money you don't think about. Each local office pays rent, electricity, phone/cell phone, and then they need printers, printer cartridges, and paper. Remember all that canvassing? To know where to go, and which doors to knock requires reams of paper with lists and maps. Same with the call centers. Lists of names and phone numbers.

Those campaign offices, and the volunteers they launch, need basic things that the campaign does not pay for, and relies on the locals for: bottles of water, toilet paper, office supplies, snacks, etc.

There are incredible numbers of "paid" campaign workers. They need to be housed and fed. I have a "campaign kid" living in my house. A nice young man who took the year off from college to work the campaign. He gets up every day around 8, goes to the office, and doesn't get home most days until midnight. He, and thousands like him make calls, line up volunteers, register voters, coordinate unpaid workers, coordinate with the locals, set up events, and everything else that needs to be accomplished on a micro basis for the campaign.

Have no money? Maybe you have one hour a week. Just one hour to help save the world. You give someone like me 4 hours over the course of a month, and you WILL bring back a voter, and (you know this is coming) elections are won one voter at a time.

What does that mean? Many people are low-information voters. If you stand at a voter registration drive, or knock on doors, or make calls, there is always that person who honestly doesn't know the facts, and legitimately wants to. That person who has never really cared about an election before, but cares this year, and doesn't know where to go to get legitimate information. They may be too shy to walk into the local office, they may lack good investigative computer skills (they may not even have a computer). They may not even know how to register to vote until you offer to help them.

I never go anywhere without voter registration forms, I don't just run voter drives, I AM a voter drive. When you walk into a restaurant to get something to eat, check with your order taker, or your waiter/waitress -- sign them up. Likewise, the people at the gas stations, convenience stores, dry cleaners, shops and every other place you go every day. All you need to do is stop by your local campaign office and ask for 10 forms. They'll show you how to fill them out, and then all you need to do is drop the filled-out forms back at the office.

When I was in Texas last week, I brought 10 forms, and signed up 5 voters - 4 when I stopped for directions at a construction site (my directions were really, really bad, and this was FAR out in the country) and a waitress one night at dinner. Five Obama votes Texas might not have had otherwise. And yes, it even matters in a red state.

So get out there -- give that other $5. Give that hour. This is YOUR campaign and YOUR country. And this is how we win.

Wednesday, August 20, 2008

Host Committe meets fundraising goals

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

It took a while, but they finally got their money:

After months of grueling work, the committee hosting the Democratic National Convention has raised the $40.6 million it promised it would — thanks, in some part at least, to the plan to have Barack Obama accept the nomination at Invesco Field at Mile High.

Denver Mayor John Hickenlooper, in a briefing to City Council members Tuesday, said moving the final night of the convention gave the host committee another selling point with potential donors: Luxury boxes.

Some of them will be doled out to big wigs for Obama's acceptance speech, which he is expected to deliver to a crowd of more than 75,000.

"By going to Invesco Field at Mile High, we doubled the number of boxes and that has helped dramatically, that and having the candidate have been a big difference," Hickenlooper said.
but...
The fund-raising continues — for both the campaign and the host committee, which have said for months that they need to raise closer to $55 million to cover all the costs associated with the convention.

"We've got still more work to do," Hickenlooper said. "There's always more work to do, but we are well past what our contract calls for. Once we got a candidate, the whole world changed."

Tuesday, August 19, 2008

Convention gets $1 million from NY Republican

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

Pretty impressive:

Tom Golisano, the Rochester billionaire and registered Republican, donated $1 million on Friday to the host committee of the Democratic Party’s convention in Denver, making him one of the largest donors to the planning efforts surrounding the expected coronation of Barack Obama as the party’s nominee next week.
...
The latest donation, however, will burnish his profile on the national political stage. The donation to the national Democratic host committee comes as the Obama campaign and the Democratic Party have been scrambling for big donors to underwrite the five-day convention, which begins on Monday. For his $1 million, Mr. Golisano gets a skybox at Invesco Field, where Mr. Obama will deliver his acceptance speech, and 50 additional tickets.
...
His political affiliations have always been fluid. He used his wealth to help found the Independence Party, which is still a sought-after ballot line in New York, where politicians may run on multiple party lines. He joined the Republican Party in late 2005, after George E. Pataki, his rival, decided not to seek a fourth term as governor. But Mr. Golisano ultimately decided not to run in 2006.

In the past, he has donated to the presidential campaigns of Senator John Kerry and former Representative Richard A. Gephardt, two Democrats, but he also donated $50,000 in 2006 to the State Senate Republicans. - NY Times
Well now we know how to get additional tickets to the speech...

Note: His million dollars must have been enough to add an extra day. Everything we've seen says the convention will last 4 days.

Update: More on who's getting prime seats at Invesco:
Top fundraisers for the "Obama Victory Fund" were offered club-level seats through the end of Monday for $1,000 apiece. Also, the biggest donors to the Democratic National Convention's host committee and select VIPs are getting ultra-plush suites at Invesco.
...
Separately, almost all of the 131 private luxury suites, which seat from 14 to 20 people, are being granted to big donors and party officials. Corporations such as Xcel Energy and MolsonCoors, which have donated more than $1 million to the Denver committee hosting the convention, have been granted suites. So have party VIPs including Denver Mayor John Hickenlooper, Gov. Bill Ritter and Sen. Ken Salazar, who have served the host committee as fundraisers. - Denver Post

Friday, August 01, 2008

Obama campaign raising convention money

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

The Obama campaign has started raising money for the convention:

Democratic presidential contender Barack Obama has put his fundraising team to work helping raise unlimited donations from big donors for the cash-hungry Democratic National Convention.

Federal campaigns are not permitted to raise unrestricted amounts of money from wealthy donors, unions or corporations except when fundraising for the host committees that finance national presidential conventions.

Last month, the convention's Denver host committee reported an $11.6 million shortfall in its mid-June fundraising goal of $40.6 million.

Since then, Obama announced that he would give his nomination acceptance speech at Invesco Field at Mile High stadium, significantly increasing convention costs. Convention organizers put the Invesco cost at $5 million-$5.5 million, but say that not using Pepsi Center on the fourth night will save enough to bring the overall increase closer to $4 million.
...
In helping raise money for the convention, the Obama campaign can seek sums significantly larger than the $2,300 maximum donations allowed by individuals for his campaign.
...
"We're still a little bit short, but I'm not worried about it," said the Rev. Leah Daughtry, CEO of the Democratic National Convention Committee. "The (Obama) campaign is on the ground, and they're helping out. And, you know, we'll have all the money that we need to pay everybody on time according to their contracts." - AP
We've expected this for a while, especially after the Obama team increased the convention costs by moving the 4th night to Invesco.

Monday, July 28, 2008

Convention headaches

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

The LA Times pulls varied issues together and decides holding conventions is hard:

Municipal leaders were jubilant when they won the right to hold this year's event. But the convention is raising questions about whether this perennial booster town has bitten off more than it can chew.

The host committee is as much as $10 million short in fundraising, and financial difficulties have forced it to cancel two dozen parties for delegates. Denver officials are scrambling to deal with the logistical challenges of Barack Obama's acceptance speech being held at an outdoor stadium instead of in the arena where the rest of the convention will take place. Even special daisies that the city bred partly to show off for the convention are failing to sprout.
...
Local political leaders and the host committee insist everything is fine, and that any bumps along the way will be overshadowed by the attention showered on the city next month.
...
[Denver Mayor John] Hickenlooper referred to the event as the "blasted convention" and compared it to a summer he spent painting a house for which he was never paid. "If we'd known back then what we know now, we'd never have done it," he said, before quickly adding, "and what an incredible shame that would have been."

Last month the host committee said it was $10 million short of its $40-million target, but it now refuses to discuss fundraising totals.
Given that the Obama campaign increased convention costs by moving the last night to Invesco, I would certainly expect them to help close the money gap.

Thursday, July 17, 2008

Obama campaign raised $52 million in June

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

This will be THE news of the day.

In an email to supporters this morning, Obama mgr David Plouffe announced that the campaign raised a total of $52M in the month of June with an average donation of just $68. Combined, the Obama camp and the DNC have a total of nearly $72M CoH. Last week, the Wall Street Journal reported Obama's campaign brought in around $30M in June, calling the number “underwhelming.”
...
McCain raised more than $22M in Jun. -- his best fundraising performance of the campaign -- and ended the month with nearly $27M CoH. McCain mgr. Rick Davis said 7/10 that McCain and the RNC together entered July with about $95M CoH. - Hotline On Call
Obama hinted at this last week:
When asked about the health of his fund-raising a few days ago, Mr. Obama played down any concern, telling reporters: “I think you guys should wait until we release our numbers to make a decision as to how underwhelming they are.” - NY Times
And more at The Swamp

Saturday, July 05, 2008

Obama campaign not happy with convention preparations

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

The NY Times reports that the Obama campaign is not pleased with what they've found in Denver:

Only in the last month has the Obama campaign been able to take over management of the convention planning with the candidate claiming the nomination, and his aides are increasingly frustrated, as the event nears, at organizers who they believe spent too freely, planned too slowly and underestimated actual costs.

The Obama campaign has dispatched 10 people to Denver to help “get a handle on the budget and make hard decisions” about what has to be done and how to move forward, said Bill Burton, a campaign spokesman.
...
Some of the Democratic missteps started almost immediately after planning for the event began. The Democratic National Convention Committee decided not to take cheap office space and instead rented top-quality offices in downtown Denver at $100,000 a month, only to need less than half the space, which it then filled with rental furniture at $50,000 a month. And in a costly misstep, the Denver host committee, early on, told corporate donors that their contributions were not tax-deductible, rather than to encourage donations by saying that the tax-exempt application was pending and expected to be approved.
...
For the Democratic Party, the danger is that a poorly run convention, or one that misses the mark financially, will reflect badly on the party and raise questions about Democratic management skills. And more worrisome for the Obama campaign is that it will be left with the bill for overruns or fund-raising shortfalls, and that the candidate will have to compete in raising money against a convention effort desperate for cash.
...
“Major decisions are being settled only at the last minute,” said one convention organizer, who requested anonymity because of the confidentiality of the contracting process. “These contracts should have been out and signed last March or April. We still have no agreement on the budget or the scope of the work for the build-out at the Pepsi Center. There is no reason why it is so late, why important issues have not been addressed and why we are trying to figure these things out at the last minute.”
...
Part of the problem, say those close to the plans, is a clash between the Obama campaign, which is tight-fisted about its money, and the Democratic convention committee, which failed to estimate properly the costs of the convention. As the Obama campaign begins to take over in Denver they are beginning to question why the party’s estimates for construction, entertainment and other components are so at odds with what actual costs are turning out to be.

“We are now going into the final construction phase, and it is turning out to be much higher,” said a person with knowledge of the budget, but who is not tied to either the Obama campaign or the party. “So the Obama camp is not pleased and is raising questions about where all the money had been going. And they look at the posh office space for the Democratic Party staff here, which is really plush, and they say, ‘They spent the money on that?’ ”

It seems like these issues have been around a while, so this information must be coming out of the Obama campaign, which I guess is trying to put some pressure on the DNCC - or maybe just trying to assign blame if things go wrong in Denver.

But then this begs the question: If the convention is truly over-budget and behind schedule, why is the Obama campaign introducing a major wrinkle - moving the Thursday night acceptance speech to Invesco Field - and thereby causing even more budget and planning issues?

Update: Dean and Daughtry respond:
The New York Times asserts that this is a Democratic convention effort “marred by costly setbacks.” That is false. In fact we are ahead of the game. Anyone who has ever worked on a national political Convention would tell you as much. This is a well managed Convention.

The New York Times states that the Convention is facing “upwardly spiraling costs on key contracts still being negotiated.” That is false. All major contracts have been executed and we are on track to move in to the Pepsi Center to begin build out on Monday as planned.
...
The New York Times reports that Democrats are $6 million over budget in Convention planning and have failed to estimate costs properly. That is false. From day one, prudent budgeting and financial management have been an important part of our Convention planning – across the board.

Wednesday, June 25, 2008

$50 Million Approved for Convention Security

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

Finally some good news involving money and the convention.

Federal officials have told the city they approved the $50 million in federal funds to offset any security-related costs for hosting the Democratic National Convention, a top aide to Denver Mayor John Hickenlooper said Tuesday.

Katherine Archuleta, the mayor's liaison to the convention, said she learned the news during a telephone conversation with federal officials Monday.

"They want to give the money to us as quickly as possible," Archuleta told Denver City Council members during their weekly meeting with Hickenlooper.

The money will be used to reimburse expenditures related to providing security for the convention, Aug. 25-28. Because the Republican and Democratic national conventions are deemed national special security events, federal funds are provided for security, and the expenditures are approved by the Department of Justice. Denver and Minneapolis-St. Paul, home of the GOP convention in September, each will receive $50 million.

It took 2 years before Boston was fully reimbursed for security at the 2004 Democratic National Convention.

Friday, June 20, 2008

Host Committee Volunteer Coordinator Resigns

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

The shortage of money plaguing local efforts to finance the Democratic National Convention played a role in the resignation of the top official in charge of volunteers — and concerns are growing that Barack Obama won't be able to help.

Sondra Williams, the director for the 12,000 volunteers who will be assisting Democratic leaders and delegates and others during the convention, resigned after 13 months with the host committee.

She left at the end of a training day for volunteer captains and directors held June 7.

"I was not empowered to do my job," said Williams, on loan to the host committee from the National Education Association. "And therefore I felt I just couldn't continue."

She wouldn't elaborate, saying she does not want to malign the host committee, but she said the group was tense over its cash-flow problems. The committee, charged with raising $40.6 million for the convention, missed its final deadline Monday by more than $11 million.

"We all had our disappointments around it, and there was a lot of stress on the fundraising people," Williams said. - Denver Post

Thursday, June 19, 2008

Public Financing and the Convention

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

By now everyone's aware of Obama's decision to opt out of public financing of his general election campaign - a decision he absolutely had to make. In April, 2006, I predicted this would happen:

I think public funding for the general election is going to be declined by both major candidates in 2008.
Well, 1 out of 2, as McCain will receive public financing. But lets look more closely at why I wrote that. First, here's what John Kerry said was his biggest mistake in 2004:
"I think the biggest mistake was probably not going outside the federal financing so we could have controlled our own message," the Massachusetts senator said on NBC's "Meet the Press." The Kerry campaign opted to accept federal money and federal spending limits and other rules after he won the Democratic nomination. The nominating convention in Boston occurred more than a month before the GOP renominated Bush, forcing Kerry to begin spending under federal rules much earlier than Bush.

"We had a 13-week general election, they had an eight-week general election. We had the same pot of money. We had to harbor our resources in a different way and we didn't have the same freedom," Kerry said. "I think the most important thing would have been to spend more money, if we could have, on the advertising and responding to some of the attacks," he said.

And it was this philosophy that drove Howard Dean to set the convention date in late August, just in case the Democratic nominee did decide to accept public financing. As I wrote:
It used to be there were advantages in having an earlier convention due to money. For a candidate taking public money for the primaries and the general election, they wouldn't get the general election money until after the convention. For example, Bob Dole in 1996 had a huge money problem in May and June. He was broke, and could do little advertising until he received his general election money in early August. Having an early convention was critical to a candidate low on funds.

But 8 years later, much had changed. Both Bush and Kerry opted out of public financing of their primary campaigns, and could therefore spend unlimited money until they had their convention. So the later the convention, the less time the General Election public money had to cover. This is why the Kerry campaign was looking at ways of potentially delaying the official acceptance of the nomination, so they could continue to use their unlimited primary money.
And four years later, things are changing again, and they're going to change again in 2012. I expect that John McCain will be the last major candidate to ever accept public financing for the general election.

Wednesday, June 18, 2008

Obama and Convention Funding

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com


The LA Times has an interesting article today that explains the state of funding for the both the Democratic and Republican Conventions. Unlike Barack Obama's campaign, convention funding comes primarily from lobbyists and corporations.

The person in charge of coming up with the money to fund the Democrats' convention, Steven Farber, is a federal lobbyist. Farber, a partner at the law firm of Brownstein, Hyatt, Farber & Schreck, which has offices in Denver and Washington, remains $11.6 million short of the $40.6 million the Denver host committee pledged to raise to help fund the convention, which has a budget of about $70 million.

Corporate contributions overall to the two parties' conventions amounted to just $1 million in 1980 and $8 million in 1992. The amount rose to $56 million in 2000 and $142 million in 2004, according to the Campaign Finance Institute's report. This year, the report says, these contributions are expected to total $112 million but could go higher.
According to the article, the Obama campaign has been asked for help with convention funding but has not yet responded.
In a statement provided Tuesday to The Times, Obama campaign spokesman Hari Sevugan said: "Moving forward, one of Sen. Obama's reform priorities will include changes in the way party conventions are funded to assure they can be run without dependence on soft money," the loosely restricted corporate and union donations that constitute most of the funding for conventions.

Monday, June 16, 2008

Now Denver's only $11 million short

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

Two days ago Denver was reported to be up to $15 million behind its fundraising goals for the 2008 Democratic Convention. Today: $11 million short. Progress? Not enough to give it even a whiff of positive spin:

The Denver Host Committee continues to lag in its convention fund-raising efforts, missing a Monday goal of raising $40.6 million, falling short by almost $11 million. The committee reported raising $29 million at the close of business on Monday, a disappointing showing for a committee that had promised to have more in the bank by now. - NY Times
Some of the problems have nothing to do with the late-decided primary:
Rick Ridder, a Denver-based Democratic strategist who has helped the city's convention efforts, said the shortfall is a significant concern.

"Without a doubt, there was tentativeness on the part of a lot of major companies because they didn't know who the nominee was going to be," Ridder said. "And frankly, Denver is not a major corporate center. Many of the corporations who contributed to Boston (site of the party's 2004 convention) just haven't seen advantages to coming here." - AP

But Denver Mayor John Hickenlooper certainly isn't giving up. He was in Kansas City recently:
He had less than an hour to be at The Capital Grille to meet with five high-powered movers and shakers and either extract money from them for the Democratic National Convention or get them to hook him up with other potential donors. The clock was already ticking. This trip - the last fundraising effort before the Denver 2008 Host Committee hits its Monday deadline to raise $40.6 million - would be quick. Essentially 24 hours of meetings stacked upon meetings stacked upon meeting.
And the outcome?
"They liked me. This was a successful evening. They're all going to work for our success. One guy will write a check," Hickenlooper said. "I don't know yet, but he gave me his card and said, 'Send me your information and I'll write you a check.' So whether that's $25,000 or $50,000 - he's a fairly small restaurant owner - so I don't know if it will be really big dollars, maybe $5,000 or $10,000."
$10.99 million to go...

Saturday, June 14, 2008

Convention up to $15 million short

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com




Fundraising problems continue to be the main story line right now for the convention, which is just over 10 weeks away:



The host committee for the Democratic National Convention faces a possible shortfall of $15 million, complicating logistics for the August event and forcing it to abruptly postpone a media walkthrough of the site scheduled for next week.

The Democratic National Committee has asked the cash-strapped panel to raise $40.6 million by Monday to finance the event. Last month, the committee said it had just $25 million in cash, and it has failed to meet each of several fundraising deadlines since signing a contract with the DNC last year.
...
Last week, Denver city auditor Dennis Gallagher sent a letter to Mayor John Hickenlooper saying taxpayers are concerned they may get stuck with the tab if Denver can't come up with another $15 million by Monday. - AP
With the postponement of the media walkthrough and the cancellation of the state delegate parties, it's clear money issues are the biggest concern right now for the convention planners.