5 Myths On Campaign Money
Image details: Obama Campaigns At Virginia School served by picapp.com
Over the weekend, Politico ran a great run down on 5 presidential campaign cash myths. I found one particularly interesting: the fact that lobbyists and PAC aren’t exactly big spenders in presidential campaigns despite all claims to the contrary.
Obama has encouraged this idea to tout his refusal to accept
contributions from federal lobbyists and political action committees
and criticize McCain’s unwillingness to follow suit.But lobbyists and PACs historically have not been major contributors to
presidential campaigns, and this cycle has been no different.According to the Center for Responsive Politics, McCain through May had received $1.1 million from PACs and $686,000 from employees of lobbying firms. That’s less than two percent of his $110 million total haul (LED) for the campaign.
