November 24, 2004
IDEAS MATTER, NOT MONEY:
In Battle of 527 Groups, Conservatives Do More With Less (John Carlisle, November 24, 2004, CNSNews.com)
While Republican campaign committees raised more money than Democrat party groups - $558 million vs. $452 million - the liberal 527 committees more than leveled the fundraising playing field. Of the $464 million raised by 527s, the overwhelming majority went to Democratic-leaning groups.
The top three groups - the Joint Victory Campaign 2004, America Coming Together, and the Media Fund - spent more than $175 million. The Media Fund spent $50 million on radio and TV ads while America Coming Together raised $125 million for voter mobilization efforts. They were joined by other liberal 527s, giving the Democrats a near-monopoly on the 527 market.
By contrast, the conservative Progress for America Voter Fund, the largest of the pro-GOP 527s, raised just $38 million. The Swift Boat Veterans for Truth raised $26 million.
But it was the under-funded Republican-leaning 527s that carried the day. They did so by simply producing ads that made the biggest impact on voters.
All that money and the race never moved a whisker from the President's approval rating plus 1%. Posted by Orrin Judd at November 24, 2004 11:41 PM