One suspects that most critics of “big money” in election campaigns will be distressed to read a report in the latest Bloomberg Businessweek that details potential Republican presidential candidates’ efforts to line-up “high-powered fundraising teams.”
Let’s hope they read the final paragraph:
Obama raised almost $26 million in the first three months of 2007, instantly transforming him into a front-runner. Obama wound up raising a record $745 million and was the first major party nominee to shun public funds for the general election. In 2012, says Sheila Krumholz, executive director of the Center for Responsive Politics, the President could raise a record-shattering $1 billion, creating quite a challenge for any Republican foe.
As this commentator has mentioned before, there’s only one certain method for draining “big money” from politics: Make government less important.
