Paul Barton has an interesting report on how Sen. Lincoln is mining Texas for campaign cash. Democrats there are throwing money into a losing cause by backing Democrats there, apparently, so they've looked elsewhere.
Barton's report also reports Lincoln's first report of "bundled" PAC contributions -- Wal-Mart and hedge funds have packaged chunks of cash for her.
By Paul Barton
March 1, 2010
Lincoln’s Texas Connection
By Paul Barton
A weekend story by the
“Eight of the top 10 non-Texas recipients of
It added: “Experts say the
One of the political analysts cited said giving generously to candidates in other states is a way for donors “to get more bang for their buck” in terms of influence over national policy.
Of those Democrats, the top two recipients of
Through the end of 2009,
In all, the money Texas Democrats have given to Lincoln and fellow Senate moderates, Ben Nelson of
Former Texas Gov. Mark White, a Democrat, is quoted as saying he gave $2,300 to
“Blanche Lincoln is one of the most outstanding members of our Senate,” he said. “
In other news related to
A campaign finance law that Congress passed in 2007 called for candidates to begin disclosing in 2009 the names of lobbyists or PACs who bundle together at least $16,000. But they only have to report when they have a combination of at least two lobbyists or PACs crossing that threshold.
- Investment Company Institute PAC: $31,400.
- Melissa Maxfield of Comcast: $17,300.
- Ray Bracy of Wal-Mart Stores Inc.: $27,400.
- Managed Funds Association: $24,000.
The Managed Funds Association is one of the main lobbying groups for the hedge fund industry.
One of the ideas behind the law, passed after the Jack Abramoff scandal, was to shed additional light on the influence of lobbyists who help raise campaign money. But critics say the disclosure rules allow a lot of lobbyist-related fundraising to go unreported.
For instance, records kept by the Sunlight Foundation, a watchdog group, show numerous lobbyist-organized fundraisers for Democrat Mike Ross. But apparently none of the lobbyists or PACs helping him crossed the disclosure threshold. There are no bundling reports filed by Ross or his leadership PAC for 2009.