http://www.cnn.com/2004/ALLPOLITICS/11/ ... index.html
WASHINGTON (AP) -- Democratic Party leaders said Wednesday they want to know why Sen. John Kerry ended his presidential campaign with more than $15 million in the bank, money that could have helped Democratic candidates across the country.
Some said he will be pressured to give the money to Democratic campaign committees rather than save it for a potential White House bid in 2008.
"Democrats are questioning why he sat on so much money that could have helped him defeat George Bush or helped down-ballot races, many of which could have gone our way with a few more million dollars," said Donna Brazile, campaign manager for Al Gore's 2000 presidential race. (Special Report: America Votes 2004, the money)
Brazile is a member of the 400-plus member Democratic National Committee, which meets early next year to pick a new party chairman. One high-ranking member of the DNC, speaking on condition of anonymity, said word of Kerry's nest egg has stirred anger on the committee and could hurt his chances of putting an ally in the chairmanship.
Congressional Democrats and labor leaders also privately questioned Kerry's motives. One said he would personally ask the Massachusetts senator to donate some of the money to the Democratic House and Senate campaign committees.
Democrats lost seats in both the House and Senate on November 2, setbacks compounded by the multimillion-dollar debts they incurred in the process.
The Democratic Congressional Campaign Committee borrowed $10 million in the final days of a campaign in which it spent heavily in Texas, where four veteran lawmakers wound up losing their seats. The Democratic Senatorial Campaign Committee borrowed a smaller amount, more than $3 million according to officials. Even so, Democrats lost four Senate seats, and will have 44 seats when the new Congress convenes, fewer than at any time since 1930.
Three former Kerry campaign aides, also demanding anonymity out of concerns about alienating their former boss, said they were surprised and disappointed to learn that he left so much money in the bank.
Kerry had roughly $45 million left in his primary campaign fund as of mid-October, according to his Federal Election Commission report, and could use that as seed money for another presidential bid. (Kerry won't rule out 2008 bid)
His final report is not due until next month, but officials close to Kerry said he has $15 million to $17 million in that account, with no outstanding debts, after giving the DNC about $23 million and state parties about $9 million since the mid-October report.
In addition, the report showed that Kerry had about $7 million on hand in a legal and accounting compliance fund that he could use for legal expenses in a 2008 campaign. Officials said he raised several million more for that account since the filing.
Last summer, Kerry donated $3 million each to the House and Senate campaign committees and $2 million to the Democratic Governors Association.
While Kerry has likely given more money to state committees than any other nominee, no other Democrat has raised as much as he did. And second-guessing Democrats said Wednesday they couldn't recall a candidate leaving so much money on the table after a campaign.
"He's going to have to give some of it up for 2005 and beyond," Brazile said. "The party will demand it."
Kerry and 15 million dollars.
- Akaran_D
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Kerry and 15 million dollars.
This is an odd article and I'll be the first one to say that I'm a bit surprised by it. If this turns out to be true, then I think that the dems have a really good reason to be angry about this.
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I know I'm good at what I do, but I know I'm not the best.
But I guess that on the other hand, I could be like the rest.
Yes because when you are married to Teresa Heinz - money becomes such a huge issue...Fash wrote:Yeah I remember hearing within a few days of the election that Kerry had 7+ million and bush 11+ million in post-election recount budgets.
I'm just wondering how much was laundered back into Kerry's pocket so he could still smile about the whole situation.
The Dems whined for 5 years now that Bush was a dumbass and both their candidates failed. Of course they are made, if one of my friends lost anything to a dumbass I would be pissed also.
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noFash wrote:You have a point.... it shouldn't be an issue... but most rich people are still so greedy they'll F you in the A for a dollar.
why the hell does america all of a sudden despise all wealthy people, they act just like everyone else, some are assholes, some are truly good people, yet i dont know if jelousy is getting into play or another factor, but i just dont understand where all the hate is comming from
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Did you just accuse a billionaire of laundering a few million dollars? That's roughly equivalent to me taking a nickel from the UNICEF jar at 7/11. Even without Teresa, he's worth well over $500 million.Fash wrote: I'm just wondering how much was laundered back into Kerry's pocket so he could still smile about the whole situation.
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How do you think he got all that money!!! ZING!!!!Karae wrote:Did you just accuse a billionaire of laundering a few million dollars? That's roughly equivalent to me taking a nickel from the UNICEF jar at 7/11. Even without Teresa, he's worth well over $500 million.Fash wrote: I'm just wondering how much was laundered back into Kerry's pocket so he could still smile about the whole situation.