Harris raises $47 million from nearly 600,000 donors in the 24 hours after Trump debate(www.cnbc.com)

posted 2 months ago

usernamesAreTricky@lemmy.ml

politics@lemmy.world

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ShittyBeatlesFCPres@lemmy.world

6 points

2 months ago

Unspent campaign money is a whole thing but it usually gets transferred to a future campaign, other candidates, state/local/national party, or used to create a “Leadership PAC,” which is like a slush fund to donate to peers. A more honest example of a Leadership PAC might be someone with unusual star power (like AOC) raising a shitload of money in a safe seat and so using funds to donate to progressive candidates in tougher races. A shadier example might be the Speaker of the House using their fundraising ability to let people know that if they expect a donation, he or she expects their vote on a bill. And I’m sure you can imagine a thousand undeniably corrupt ways to use a Leadership PAC.

They could also refund donors or donate to a real charity if they’re done with politics or trying to stay in donors’ good graces for the next try. But that’s not what ambitious politicians (basically all of them) typically do.

But unless a candidate drops out or is in a safe seat, they really do try to spend every dollar that comes in almost as it comes in. There’s a very good likelihood a candidate ends up in the red at the end of the campaign and has to solicit donations even after the race is over to pay vendors, staff, etc.

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TachyonTele@lemm.ee

1 point

2 months ago

Interesting. Thank you.

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