The Auction Blog
Left To Fend for Themselves
BY Caitlin Ginley | June 25, 2008
Now that Barack Obama has encouraged his donors to help Hillary Clinton pay off her debt, Congressional Quarterly points out that other former Democratic candidates could use the assistance as well. Joe Biden is $1.2 million in debt, Chris Dodd has $387,000, Bill Richardson still owes $285,000, and John Edwards has yet to pay back $21,000.
The Return of the FEC. Really.
BY Caitlin Ginley | June 24, 2008
The Senate confirms five nominees — three Republicans and two Democrats — to the Federal Election Commission, ending the stalemate that prevented the FEC from holding a quorum so far this election year, The Hill reports. A third Democrat, Ellen Weintraub, will remain on the Commission, bringing its total to six.
May’s Photo Finish
BY Caitlin Ginley | June 21, 2008
John McCain and Barack Obama tied for the first time this campaign on the money front according to last month’s fundraising figures, The Politico reports. Both candidates raised about $22 million in May — a surprisingly slow month for Obama, who typically brings in at least $30 million every month.
Stewart R. Mott’s Big Money Legacy
BY Sarah Laskow | June 19, 2008
Stewart R. Mott, the single largest donor to the 1972 George McGovern campaign, died last Saturday. Mott, the heir to a General Motors fortune, was known for supporting challengers to incumbent presidents, according to his obituary in The New York Times. In 1968, he publicly pledged to donate $50,000 to Nelson Rockfeller if the New York governor ran. But Rockfeller stayed out of the race, and Mott contributed heavily to Senator Eugene McCarthy’s campaign against then-President Lyndon B. Johnson.
More >Back to the Drawing Board
BY Taylor Rausch | June 14, 2008
The 4th U.S. Circuit Court of Appeals rules that the Federal Election Commission must buckle down on campaign finance practices and enforce the McCain-Feingold law, The Washington Post reports. The court asserted that special interest groups and corporations still had too much leverage on the campaign circuit, especially in advertising. New rules for the law will not go into effect until after the November 2008 general election.



