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Question for the Political Scientists

Farmer Ted Jan 11 2008 11:58 AM

Hypothetically, Mike Schnerdjunk, runs for President OTUS. He falls short in the primaries and doesn't get the party nod. However, Mike raised $100 million for his campaign but only spent $95 million. What happens to the excess $5 million? In addtion, is he eligible for federal matching funds and, if so, what happens to any of those funds that he doesn't spend? I'd like to know.

Valadius Jan 11 2008 12:22 PM

He keeps it for another potential run.

Farmer Ted Jan 11 2008 12:25 PM

And if he doesn't run again, say he's old like McCain? Does the bugger get to keep the money?

Valadius Jan 11 2008 12:27 PM

He can't ever get to it himself. He might eventually choose to donate it to charity or some-such, or give small amounts to campaigns he might support.

metsguyinmichigan Jan 11 2008 12:36 PM

Valadius wrote: He can't ever get to it himself. He might eventually choose to donate it to charity or some-such, or give small amounts to campaigns he might support. Bingo. They usually spread it around to other candidates in their party. Happens a lot with congressional races. Guys who are in safe seats still raise a lof a money, and it just gets shifted around to the closer contests.