The income of the three major presidential candidates is astonishing: a household income of $4.2 million dollars for the Obama family; a jointed $109 million dollar income for the Clinton family; a $406 thousand dollars for John McCain, not including his wife, who files her income separately because of an inherited brewery (worth over $1 million!). New York Times wrote an article about this which I found appealing to my opinions.
What if you didn’t have any of your own money to campaign to our country? Yes, selling books apparently works, my democratic friends. But still, how do you even put your foot in the door with no money? There could be some answers tomorrow, Tuesday April 22, 2008, during a “legal challenge” to the Supreme Court. When a member of the House spends more than $305, 000 of their own money on campaigning, they are entitled to Section 319 of the McCain-Feingold law of 1971:
What if you didn’t have any of your own money to campaign to our country? Yes, selling books apparently works, my democratic friends. But still, how do you even put your foot in the door with no money? There could be some answers tomorrow, Tuesday April 22, 2008, during a “legal challenge” to the Supreme Court. When a member of the House spends more than $305, 000 of their own money on campaigning, they are entitled to Section 319 of the McCain-Feingold law of 1971:
U.S.C. 441e) is amended—
(1) By striking the heading and inserting the following:
`CONTRIBUTIONS AND DONATIONS BY FOREIGN NATIONALS'; and
(2) By striking subsection (a) and inserting the following:
` (a) PROHIBITION- It shall be unlawful for--
` (1) a foreign national, directly or indirectly, to make--
` (A) a donation of money or other thing of value, or to
Promise expressly or impliedly to make a donation, in
Connection with a Federal, State, or local election to a
Political committee or a candidate for Federal office; or
` (ii) a contribution or donation to a committee of a
Political party; or
` (B) For a person to solicit, accept, or receive such
Contribution or donation from a foreign national.’
A prior candidate for Congress, Jack Davis, from New York in 2006, is appealing this amendment claiming his opponent had three times the amount of contributions that he had, just because he didn’t have enough money himself. He felt that this would push the wealthy away from running and is a violation of the 1st Amendment. Even though people like Davis thought this, more candidates actually spent more than $1 million of their own money on campaigns. He also feels uncomfortable having to report the expected amount of money that will be spent on a campaign; isn’t it is all a zero-sum game Mr. Davis?
In concurrence with the article I read, “[wealthy candidates] certainly don’t need any extra help.” Stop whining!
` (a) PROHIBITION- It shall be unlawful for--
` (1) a foreign national, directly or indirectly, to make--
` (A) a donation of money or other thing of value, or to
Promise expressly or impliedly to make a donation, in
Connection with a Federal, State, or local election to a
Political committee or a candidate for Federal office; or
` (ii) a contribution or donation to a committee of a
Political party; or
` (B) For a person to solicit, accept, or receive such
Contribution or donation from a foreign national.’
A prior candidate for Congress, Jack Davis, from New York in 2006, is appealing this amendment claiming his opponent had three times the amount of contributions that he had, just because he didn’t have enough money himself. He felt that this would push the wealthy away from running and is a violation of the 1st Amendment. Even though people like Davis thought this, more candidates actually spent more than $1 million of their own money on campaigns. He also feels uncomfortable having to report the expected amount of money that will be spent on a campaign; isn’t it is all a zero-sum game Mr. Davis?
In concurrence with the article I read, “[wealthy candidates] certainly don’t need any extra help.” Stop whining!
1 comment:
I completely agree with you. I thought that in our country anybody can run for president. But apparently not, you have to have tons of money in order to run. Looking at the household incomes of the 3 major presidential candidates it’s shocking. My question is why they are earning that much money in the first place, our government should be spending less money, paying these people huge salaries, and maybe start paying off the national debt we have. Also why do these candidates have so much money?? If it were me running for president I would start donating to charities, and giving back as soon as I can, so the American people don’t feel like I am greedy and keeping the money for myself and family. I understand that many candidates spend great amounts of money on their campaign, but come on seriously who needs that much money?
In addition, it really upset me when I read that McCain’s wife files separately because she has inherited a brewery that is worth over one million dollars. Why do that, to me that is cheating the system. People should not be able to get away with that, especially people that are in our government. Like I said earlier, start giving some of that back to the people, no one needs that amount of money. I would be more likely to vote for a candidate that was giving back. These people do have a major roll in our country, and sometimes do a great job at it, but seriously do they need that much money?
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