Federal Election Commission

Campaign committees raised, spent, almost $500 million

Campaign committees raised, spent, almost $500 million

The major campaign committees collected almost a half-billion dollars in 2013 — a year when just two states chose governors, two had special Senate elections and six House districts had unplanned races — and spent most of it. That eye-popping sum doesn’t capture the millions raised and spent by the candidates themselves or the outside […]

Once again, the key in elections is ‘follow the money’

Once again, the key in elections is ‘follow the money’

As usual in politics, the focus is money and the ability to raise as much of it as one can. With today’s deadline for filing end of the year financial reports for committees, candidates and others, a snapshot will begin to emerge showing how much is bring raised, who is raising it and who will […]

Obama campaign spent far more than it is raised for three straight months

Obama campaign spent far more than it is raised for three straight months

From most accounting perspectives, the re-election campaign of President Barack Obama is in serious financial trouble, having spent far more money than it raised for the past three months. Although the campaign raised $49.1 million in July — a slight increase over the previous month — and is matching the President’s record-setting pace from 2008, […]

Political candidates preach financial responsibility while stiffing creditors

Political candidates preach financial responsibility while stiffing creditors

GOP Presidential wannabes like Michele Bachmann, Rick Santorum, Jon Huntsman and Newt Gingrich may preach financial responsibility on the campaign trail but they are deadbeats when it comes to paying their campaign bills. Gingrich, a former Speaker of the House, owes $4.85 million in unpaid campaign debts.  Santorum, a former Senator, has stilled creditors for […]

Newt’s failed campaign racked up $4.78 million in debts

Newt’s failed campaign racked up $4.78 million in debts

Newt Gingrich‘s failed campaign for President was mired in $4.78 million in debt when the former Speaker of the House threw in the towel, reports filed with the Federal Election Commission show. Gingrich owes more than a million to a private jet company — bills he and his trophy wife ran up while jetting around […]

Why is Ron Paul still in the GOP race? Follow the money

Why is Ron Paul still in the GOP race?  Follow the money

Three time Presidential loser Ron Paul is – technically – the last “anybody but Romney” contender left in the once crowded list of wannabes for the  GOP nomination of President. Technically because Paul is not a contender. He never was. He’s lost twice before. He’s already lost this year.  That makes him a three-time loser. […]

Ensign off the hook on payoffs to mistress

Ensign off the hook on payoffs to mistress

The Federal Election Commission has dismissed a complaint against Sen. John Ensign over a $96,000 payment his parents made to his former mistress and her family. Citizens for Responsibility and Ethics in Washington, a campaign finance watchdog group, announced Friday that the commission had dismissed its complaint against Ensign, his parents, his campaign and his […]

No recession in the business of politics

No recession in the business of politics

Turns out politics, for all its focus on the gloomy economy, is a recession-proof industry. This year’s volatile election is bursting with money, setting fundraising and spending records in a high-stakes struggle for control of Congress amid looser but still fuzzy campaign finance rules. Based on the latest financial reports, House and Senate candidates in […]

Wall Street pulling plug on donations to Democrats

Wall Street pulling plug on donations to Democrats

A revolt among big donors on Wall Street is hurting fundraising for the Democrats’ two congressional campaign committees, with contributions from the world’s financial capital down 65 percent from two years ago. The drop in support comes from many of the same bankers, hedge fund executives and financial services chief executives who are most upset […]

American politics: The art of the con

American politics: The art of the con

Politics has long been the last refuge of con artists, scoundrels and crooks but the rise of scam professionals like Sarah Palin, Ron Paul and Barack Obama has completely infiltrated our system of government and the political circus that controls it. The con is in place and the marks are the fools who follow these […]