Of the 12 members of the failed supercommittee that were tasked with cutting $1.2 trillion from the federal deficit, five... View ArticleContinue reading
Earlier today the Obama campaign released a list of 244 fundraisers who have bundled thousands of dollars in donations to the president's victory fund.Continue reading
Three makes a trend, right? Today, there are three news stories on presidential bundlers – campaign contributors who solicit money... View ArticleContinue reading
Competition among bundlers is getting so competitive that fundraisers are getting their children to chip in. These aren’t grown children by the way; these are toddlers, babies, and prepubescent children without incomes - unless of course they’re working as cockney bootblacks (“Straight shine’s a nickel; super buff’s a dime!”). The Washington Post reported yesterday on this effort by bundling donors using their children and nieces and nephews as ways of funneling ever more money into the coffers of their favored candidate.
Such campaign donations from young children would almost certainly run afoul of campaign finance regulations, several campaign lawyers said. But as bundlers seek to raise higher and higher sums for presidential contenders this year, the number who are turning to checks from underage givers appears to be on the rise.
"It's not difficult for a banker or a trial lawyer or a hedge fund manager to come up with $2,300, and they're often left wanting to do more," said Massie Ritsch, a spokesman for the Center for Responsive Politics. "That's when they look across the dinner table at their children and see an opportunity."
Running names identified by the media as being part of Norman Hsu's network of donors through federal, state and even municipal campaign finance records, Suitably Flip offers the most comprehensive road map to following the money. Sadly, there's no way to be certain which of these contributions were truly bundled by Hsu, and which might have been independently. While the recently enacted Honest Leadership and Open Government Act of 2007 requires campaigns to identify bundled contributions totaling more than $15,000 from registered lobbyists, there's no provision requiring the same sort of disclosure about bundles from convicted felons, or anyone else for that matter.Continue reading