Sunday, December 17, 2006

Running For President Is All About The Benjamins

Rudy Giuliani is hosting a fundraiser in New York this week to raise money for a "possible" run for President. Attendees to the event at Manhattan's Marriot Marquis will pay $2,100 per person and Rudy G will likely be able to raise between one and two million dollars in one night. That money is only enough "to cover the expenses involved in helping Rudy decide whether he is going to take the next step," according to his spokesperson.

It costs a million dollars to make a decision?

This is a part of the political process I just don't get. This is par for the course. Half the reason Giuliani's doing this fundraiser is just to try and catch up with probable Republican opponents John McCain and Mitt Romney.

I guess collecting $2,100 from individuals is good practice for collecting money from groups he'd be indebted to once in office.

But, Giuliani and his fellow GOP'ers will get no heat for these fundraisers, even while the dollar amounts skyrocket over the next 20 months. Hillary Clinton can raise all she wants too, as can possible Democratic challenger Barack Obama. Though, Obama's fundraising may come under more scrutiny, as he's spoken publicly about taking the high road and not accepting gifts like rides on private jets from corporations. He's already gotten a little heat from something as minor as buying some land from a neighbor! But he will have to raise money if he runs for President. He'll need to raise the $50 million to $60 million somehow... Maybe Oprah can chip in?

Here's some interesting information about running for President and the fundraising rules related to actually being an official candidate or just "testing the waters."

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