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Gates & Allen - voting with their wallets

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worker201:
Yes, the McCain-Feingold Bipartisan Campaign Reform Act of 2002.  Prior to that act, the limit was $1000, they raised it to $2000.  The current level of $2300 is adjusted for inflation, to give you some idea of how the economy has done in the last 6 years.  The goal of the act was to curb previously unregulated donations, which they balanced with an increase in regulated donations.  The effects of the act are invisible to the public, as McCain and Obama have raised way more money than Bush and Gore did.

A byproduct of the act was the abolishment of the issues ad, which is an ad by a partisan group endorsing a particular candidate - these cannot be run within 60 days of an election.  Also, the "I'm George Bush and I approve this message" became standard practice because of the act.

Lead Head:
Interesting, also didn't know that 3rd parties could also run ads for the candidates

davidnix71:
Even Bill Gates didn't have enough money to bail out Seattle-based Washington Mutual.

JP Morgan Chase could buy him out with petty cash and write it all off. If WaMu had failed that would have had a bigger effect on the next election than Gates donations.

worker201:

--- Quote from: Lead Head on 27 September 2008, 17:08 ---Interesting, also didn't know that 3rd parties could also run ads for the candidates

--- End quote ---

If you had $200,000 and a video camera, you could make a political ad too.  Except we are now less than 60 days from the election.

Orethrius:

--- Quote from: worker201 on 27 September 2008, 22:49 ---If you had $200,000 and a video camera, you could make a political ad too.  Except we are now less than 60 days from the election.

--- End quote ---

Funny - looks like someone forgot to tell YouTube. :D

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