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Democratic Presidential Candidates Campaign Financing - College Paper

Democratic Presidential Candidates Campaign Financing

The Best Way the 8-10 Democratic Presidential Candidates Should Finance Their 2004 Primary Campaign

Hard Money / Soft Money

Campaign financing has become a very big issue for the 2004 elections primarily associated with some changes in dealing with hard money contributions and soft money contributions.

"Soft money contributions are unlimited donations often made directly from corporate or union treasuries, and from rich people. Hard money contributions can be made only by individuals and political action committees."1

The Republicans have always had an advantage when it comes to hard money contributions, while Democrats have been the winners in the soft money contributions ...

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donor.

Did the Democrats Shoot Themselves in the Foot?

The biggest irony in the campaign finance problems that Democrats face today can be traced to the passing of the McCain-Feingold Campaign Finance Law. As already indicated above, Democrats were the 'soft money people' and Republicans were the 'hard money people'. So, who would the proponents of this law expect support from. Herein lays the irony. This law received only lukewarm support from Republicans and without Democratic support might not have been enacted. The reasons for the Democrats supporting this law are moot.

Public Financing

The system of public financing of elections was enacted by the US Congress in response to the 1972 Watergate scandal. Campaign contributors to Nixon were clandestinely promised presidential access in return for their money.

"Presidential primary candidates may choose to participate in the public financing system and receive matching public funds for up to $250 of each ...

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Democratic Presidential Candidates Campaign Financing. (2015, November 17). Retrieved April 28, 2024, from http://www.essayworld.com/essays/Democratic-Presidential-Candidates-Campaign-Financing/105203

"Democratic Presidential Candidates Campaign Financing." Essayworld.com. Essayworld.com, 17 Nov. 2015. Web. 28 Apr. 2024. <http://www.essayworld.com/essays/Democratic-Presidential-Candidates-Campaign-Financing/105203>

"Democratic Presidential Candidates Campaign Financing." Essayworld.com. November 17, 2015. Accessed April 28, 2024. http://www.essayworld.com/essays/Democratic-Presidential-Candidates-Campaign-Financing/105203.

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PAPER DETAILS

Added: 11/17/2015 03:55:02 AM
Category: Political Science
Type: Premium Paper
Words: 1147
Pages: 5

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