Politics for a billion

National Review
by William F. Buckley, Jr.

01/24/07

The round number is now $500 million. Five hundred million dollars is what each major party’s presidential nominee is expected to spend between now and Nov. 4, 2008. Today’s story focuses on Hillary Clinton’s decision not to accept public campaign financing. The analyst quickly explains everything about Hillary’s decision except what one would be most interested in hearing. Her camp explains the competitive situation: If she lay back and accepted the federal spending plan, her spending in the primaries would be capped at $150 million. But what of the competitors? Suppose Barack Obama sailed past that figure and just kept on spending, leaving Hillary stranded with the impecuniosity she had wished on herself? … But here, surely, is the unexplored question: What’s in it for the donors?

//tinyurl.com/278up8


Informant: Thomas L. Knapp



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