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Campaign Finance: Fundraising 2018

Posted: Fri Jun 15, 2018 9:30 am
by Addie
LA Times
Obama returning to Los Angeles for Democratic fundraising gala

Former President Barack Obama is returning to Los Angeles on June 28 to headline a fundraiser for the Democratic National Committee.

Tickets for the gala start at $2,700, which buys access to the former president’s speech as well as a performance by singer Christina Aguilera, according to the invitation.

To get fed, donors must pony up at least $15,000. The top ticket package, which includes five dinner tickets, premium seating, a picture, a reception, membership to the DNC finance committee and entry to two other events in 2018, goes for $100,000.

In May, Obama visited Beverly Hills for his first post-presidential fundraiser for a candidate, Sen. Claire McCaskill of Missouri.

Re: Campaign Finance: Fundraising 2018

Posted: Sat Jun 23, 2018 9:19 am
by Addie
The Economist
Michael Bloomberg is spending big to flip the House

The political independent plans to spend at least $80m on the mid-terms, mostly on Democratic congressional candidates

ELECTIONS are never won by money alone, but a weighty campaign chest gives candidates for political office a boost both practical and psychological. On June 20th moderate Democratic candidates for Congress received such a fillip when the New York Times reported that Michael Bloomberg, a billionaire, political independent, and former mayor of New York, intends to spend at least $80m on the mid-term elections, mostly on Democratic congressional candidates—with the aim of flipping the House of Representatives. Mr Bloomberg’s pledge is to date the biggest political donation to the mid-terms campaigns.

Democrats need to flip 23 seats in the House in November to regain the majority. The Economist’s statistical model for the mid-term elections currently predicts Democrats have a 70% of doing that, but political fortunes can change quickly (and statistical models can get it wrong). Although each of the 435 seats in the House is up for election, the real battle for control is fought in some 70 seats. Mr Bloomberg is likely to focus his spending on the Democrats running for these seats who share his political convictions. The New Yorker is pro-business, socially liberal and a campaigner for strict gun control, immigration reform and environmental protection.

“Republicans in Congress have had almost two years to prove they could govern responsibly,” Mr Bloomberg said in a statement on June 20th. “They failed. As we approach the 2018 mid-terms, it's critical that we elect people who will lead in ways that this Congress won’t—both by seeking to legislate in a bipartisan way, and by upholding the checks and balances that the Founding Fathers set up to safeguard ethics, prevent the abuse of power, and preserve the rule of law.”