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Home Front: Politix
Democrats question Kerry's campaign nest egg
2004-11-18
Democratic Party leaders said Wednesday they want to know why Sen. John Kerry ended his presidential campaign with more than $15 million in the bank, money that could have helped Democratic candidates across the country. Some said he will be pressured to give the money to Democratic campaign committees rather than save it for a potential White House bid in 2008. "Democrats are questioning why he sat on so much money that could have helped him defeat George Bush or helped down-ballot races, many of which could have gone our way with a few more million dollars," said Donna Brazile, campaign manager for Al Gore's 2000 presidential race.

Brazile is a member of the 400-plus member Democratic National Committee, which meets early next year to pick a new party chairman. One high-ranking member of the DNC, speaking on condition of anonymity, said word of Kerry's nest egg has stirred anger on the committee and could hurt his chances of putting an ally in the chairmanship. Congressional Democrats and labor leaders also privately questioned Kerry's motives. One said he would personally ask the Massachusetts senator to donate some of the money to the Democratic House and Senate campaign committees.
And so, the infighting begins.
Posted by:Steve

#9  VAMark -- thanks for the catch. I've also seen reports that the "leftover" amount was actually $45M.

Maybe he just couldn't decide how to spend it.
Posted by: Matt   2004-11-18 6:35:54 PM  

#8  Raj, Kerry and financial sense go together like Maria Teraza and self-restraint. This is why Kerry chases millionairesses.
Posted by: lex   2004-11-18 6:00:00 PM  

#7  Matt - Actually, there was another $7M in a litigation account for after the election. The $15M should have all been spent pre-election. I'm SO sorry he's not doing the planning for the USG now ...
Posted by: VAMark   2004-11-18 5:56:47 PM  

#6  He might use part of that to repay that Wells Fargo bridge loan / mortgage he took against Teresa's his Beacon Hill mansion for $6 million. I haven't seen anything saying that Kerry's paid this off yet, so I'm assuming he didn't. He's a dumb mofo if he hasn't as the spread between money market rates and his (at least) 4.5% on the loan rate doesn't make any financial sense.
Posted by: Raj   2004-11-18 4:13:13 PM  

#5  It's MY MONEY!

MIIIIIINNNNEEE-Lurchy

Posted by: BigEd   2004-11-18 3:28:56 PM  

#4  Agree with you, Matt...
"10,000 lawyers in the wings" would have burned through that by lunchtime...strike that, morning coffee break.
Posted by: Capsu78   2004-11-18 1:08:16 PM  

#3  Hey, back off, it's the first real money the shitbag has ever "earned". No rich women, just a bunch of gullible lefties.
Posted by: gb506   2004-11-18 11:17:45 AM  

#2  And so, the infighting begins.

Where's the popcorn?
Posted by: Steve from Relto   2004-11-18 10:58:01 AM  

#1  Why did Kerry keep $15mm in the bank? To pay for litigation over the result of the election. The election just turned out not to be close enough to litigate. I think the money should be given to Tereza to compensate her for having to shake hands with all of those little people. It must have been ghastly for her.
Posted by: Matt   2004-11-18 10:50:54 AM  

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