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Caps On Campaign Spending Firmly Entrench Incumbents.(ISSUES & INSIGHTS)(VIEWPOINT)
Byline: JOHN LOTT JR.
Do publicly financed campaigns help challengers against incumbents?
Democrats have claimed so, but the main Democratic presidential candidates are running, not walking, away from public financing. Howard Dean, John Kerry and Wesley Clark look certain to opt out of the system.
Their competitiveness against President Bush depends on it.
Under the current rules, presidential candidates who accept federal funds will be limited to spending $45 million in the 2004 primaries and $70 million in the general-election campaign. Federal matching funds were offered to presidential candidates in exchange for them accepting these spending limits.
Democratic candidates, who must fight each other for their party's nomination, will likely reach their primary spending limit by March. Those taking public financing will then be banned from spending any more money on their campaigns until the August nominating convention.
Bush, who faces no opposition, can then use his "primary campaign" funds against whoever wins the Democrat nomination. Thus, from March to August he can attack an opponent who has little or no money left to pay for a response. Elaine Kamarck, an adviser to both the previous Gore and Clinton campaigns, said that the Democratic nominee would be "insane to stay in the system."
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