Howard County Maryland Blog

Local Politics and Current Events

Unseemly Fundraising

Posted by bsflag2007 on Tuesday, November 28, 2006

Loan aided O’Malley campaign

D.C. lawyer answered plea for $500,000 for TV ads

State law allows campaigns to borrow an unlimited amount if the loan is from a bank or if repayment is personally guaranteed by the candidate. Loans must carry interest, or the campaign must record the lack of interest as an in-kind contribution. The cash infusion kept O’Malley competitive despite dwindling reserves, but carried significant risk.

If O’Malley had lost to Gov. Robert L. Ehrlich Jr., his political future would have been in question, and he might have had a hard time raising money from donors for repayment. But after his victory last month, collecting donations as an incumbent chief executive will be much easier.

In an indication of just how much a governor can raise, O’Malley’s campaign account has taken in about $136,000 since Election Day, said spokesman Abbruzzese.

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the preceding was lifted from the Baltimore Sun — edited by cv

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I have issues with fundraising reform efforts that involve stifling the freedom of speech and association of individuals. I’m very conflicted about it.

 

But I am not particularly conflicted about the idea of an elected official conducting fundraising while in office.

 

While I truly believe it is possible to accept support from like minded folks without any quid pro quo…. this “after the fact” fundraising is just, well, unseemly.

 

cindy v.

 

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2 Responses to “Unseemly Fundraising”

  1. bsflag2007 said

    I realize governor-elect O’Malley is not technically in office yet — but when it comes to ethincs, I don’t believe “technicalities” alter right and wrong very often.

    cindy v.

  2. bsflag2007 said

    UPDATE:
    Firms Tied to Horse Track Owners Help O’Malley Retire Debt

    By John Wagner
    Washington Post Staff Writer
    Wednesday, January 24, 2007; Page B06

    Companies with ties to two Maryland racetrack owners gave at least $80,000 to Gov. Martin O’Malley’s campaign two months after his election, a measure of how much the horse racing industry is betting on the new governor to deliver slot machine gambling.

    [….]

    O’Malley finished the campaign with a debt of $500,000, which he easily erased in the two months after the election. In that time, he and Brown raised close to $1.7 million in the three accounts.

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    I’m not interested in which special interest group is hoping to curry favor with the winner of the election—- it is more a question of timing.

    imho, contributions to campaigns for candidates running for an election are the individual citizen’s right to support candidates who share their “values” …. contributions after the fact to the winners are hopes to purchase favor.

    How much money have those who lost their races raised since the election?

    cindy v.

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