campaign finance reform has already become an issue for debate in this election year’s primaries. This matter does not hold a large amount of interest for the average American, it is not an issue that is going to sway a large amount of voters. The book examines all facets of campaign finance including sources of contributions and finance reform. The book then takes a close, hard look at the 1980 presidential election and the 1982 congressional races. The author approaches the subject matter in a very thorough and systematic method. He makes very insightful comments on the state of campaign finance in the early 1980’s which are still relevant in this election year because this issue has been an important facet of the primary debates. The book discusses the history of campaign reform from its beginnings in the early 20th century. The book touches on the theoretical aspects of election campaign finance, but is more a study of hard data and facts, the history of campaign spending in a few different periods and the actual evolution and cash explosion that now creates a truly national spectacle. Alexander begins the book describing why such large amounts of political campaign money is needed. “Since the Republic’s founding, printing has been the most basic campaign expense.” (Alexander, 5).
The Essay on Negative Campaigning During Political Elections
Negative Campaigning During Political Elections Like most good ideas Television coverage of elections started out innocent and innovative. But in the years since its creation television has slowly eroded the foundation of our unique election process. It has turned a sacred tradition and reduced it to a pathetic sideshow. Inspiring election speeches have been whittled away to sound bites. The dream ...
Alexander explains that printed reading materials including pamphlets, flyers, mailings and placards represent a huge chunk of the cost of running for office. The evolution of campaigning has drastically changed the landscape. Extensive and intense media coverage has increased the need for a politician to be always prepared for a direct examination by a journalist. Alexander notes that the largest increase in campaign spending began in the 1950’s, with the introduction of television and the advent of the commercial. Between the 1948 and the 1952 elections, enough Americans had bought television sets that the candidates in the 1952 election began to invest in TV air time. Radio had become important in the 1924 election, but this medium did not require the same large amounts of cash that television did (Alexander, 10).
Campaign finance reform has been an issue that has been mumbled about and tossed around for almost a century, however the movement did not have any significant backers until the 1960’s. The first mention for reform was made by Theodore Roosevelt. His idea was to simply disclose where and how candidates got there cash to run an election, and in 1907, corporations were banned from contributing, and full disclosure of funds was enacted. Between his administration, all the way until 1961, and John F. Kennedy, presidents had only gone on record advocating reform, while little else changed. In that year, Kennedy established the bi-partisan Commission on Campaign Costs. No reform came from this group, but in 1971 Congress passed the Federal Election Campaign Act (FECA), this act would later be important in the Watergate affair. The bill set limits on individual contributions and required fuller disclosure of campaign finances. After Watergate, new pressures emerged to clean up the practices of candidates running for political offices. In 1974, Amendments to FECA introduced public financing for presidential elections which would give matching funds to whatever total candidates could raise. It gave a flat grant to parties and created further limitations on other expenditures. These amendments also established the Federal Elections Committee (FEC), which was formerly organized the next year.
The Essay on Examine the Significance of the Televised Debates in Presidential Election Campaigns
Televised presidential debates are held between the two major party presidential candidates that occur during September and October of the presidential election year. There is also traditionally one debate between the two vice-presidential candidates. The first debates were held in 1960, but it was another 16 years before televised debates were held again. There have only really been two debates ...
There were many questions surrounding these new laws which were later answered by the Supreme Court which declared some of the measures unconstitutional. The rule which has allowed George Bush Jr. to go above spending limits in his primary campaign stems from this Supreme Court opinion. The Court found that if a candidate accepted the matching public funds they were to be offered, then they must abide by the new rules. The Court came to this controversial conclusion after deciding that the giving of political money was a form of free speech and should be protected under the First Amendment. Further reforms in 1979 changed the content of some of these laws, including limits and disclosure, but the spirit is similar to the original set of statutes. After understanding and detailing the huge need for cash to run an election, and the plethora of rules that go along with a campaign, one is now ready to begin fund raising. There are two major groups of sources which the author deals with; Individuals and groups. Both groups and individuals are limited in what they are allowed to give. This is an issue which has become very important in this year’s election. George Bush Jr.
was able to gather a large amount of monies from individuals, all shelling out their allowed $1000 dollars each. The backbone of Bush’s financial support has come from the thousands and thousands of loyal Republicans who have done so. It is typical for one person in a certain region to solicit friends and neighbors to donate money. Bush’s main supporters will get separate $1000 dollar checks from each member of their family and all of their other relatives and acquaintances. This has allowed him to amass a large enough treasury to not have to accept the matching funds offer, and thus go over set spending limits. The other major source for funds is groups. Alexander breaks these down into Corporations, Labor Unions, Political Action Committees (PAC’s), Other Special Interests and Illegal Contributions. Corporations are technically banned from making contributions, but many have found ways to circumvent such rules. Since corporations are not allowed to donate, other groups become very important in fund raising efforts. This campaign season, George Bush has gotten major contributions from a number of more conservative groups. More liberal groups have played a large role in John McCain’s bid to become Republican nominee for the presidency by donating time and money to his cause.
The Business plan on The Vanguard Group Mutual Fund
The Vanguard Group Four C Analysis Company: The Vanguard Group, headquartered in Valley Forge, PA, is the nation's second-largest mutual fund and a leading provider of company-sponsored retirement plan services. Vanguard serves come 18 million shareholders accounts and manages approximately $850 billion in US mutual fund ass sets, including more than $260 billion in employer-sponsored retirement ...
The hype on campaign finance this election season appears to me to be a bit of a smokescreen to ignore real issues. It is important to control the amounts and types of money that potentially elected officials are receiving and to even the playing field as much as possible. The average American, however, is more interested in issues which will have an impact on his or her daily life. Such abstract notions such as the millions and millions of dollars one is dealing with when discussing this issue have absolutely no meaning to most voters. I would like to see the candidates telling me and everyone else what they will do for us while they are in office, not the changes they would make when it comes time for us to vote for them again. When compared to the amount of money budgeted to the coverage of the election by the major networks and cable news agencies, candidates are being totally outspent.
The basic conclusion that I walk away from this book is this; Politics is big business. I believe that the man who is going to become the president of this country should have to be able to raise millions of dollars, this will prove to me that he will not be a huge and drastic failure on Pennsylvania Avenue within two weeks of taking office. To be successful running the biggest corporation in the world, with the power to end civilization and/or kill a lot of people, my candidate should be able to go on a modern day, 6-8 month campaign and not shed one drop of sweat.
