Saturday, June 28, 2003

We suckered them Democrats real good!

As a partial follow-up to my post below about how the Democrats invite their own problems, here's the bottom line on campaign finance reform - it's killing the Dems. From the Washington Post:

The evidence is growing that Democrats shot themselves in the foot by forcing passage of the McCain-Feingold campaign finance law restricting what had been unlimited "soft money" donations to political parties.

A report released yesterday by the Center for Responsive Politics, a watchdog group, found that, contrary to common perceptions, Republicans have a big advantage over Democrats in donations from small donors, while Democrats are king among only the biggest.

The study, analyzing donations during the 2002 campaign cycle, found that those little guys giving less than $200 to federal candidates, parties or leadership political action committees contributed 64 percent of their money to Republicans. By contrast, those fat cats giving $1 million or more contributed a lopsided 92 percent to Democrats. The only group favoring Democrats, in fact, were contributors giving more than $100,000.

I thought the GOP was the party of fat-cats and big donors. Guess it's the other way around. The 2004 election is going to be so much fun.

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