Archive for April 20th, 2008
Retiring pol + unused campaign cash = power, access, influence
On Jan. 1, Federal Election Commission records show, Rep. Thomas M. Reynolds (R-N.Y.) had $862,809.75 in his campaign operation, Reynolds For Congress.
From Jan. 1 to March 31, FEC records show, he raised $271,851.79. Allowing for spending by his campaign ($123,825.39), Rep. Reynolds finished the first quarter with $1,010,835.55. That’s a nice piece of change for a Republican incumbent to take on any challengers, eh?
But on March 20, Rep. Reynolds became the 29th Republican in the 110th Congress to announce his or her intended departure (or actually leave) the House, saying:
While there is always more to do, elected officials are only temporary stewards of the people’s trust. That’s why today I am announcing that I will not seek and be a candidate for reelection.
Now that Rep. Reynolds won’t be a steward of the public’s trust, what kind of a steward will he be of the million bucks of other people’s money tucked away in his campaign fund?
Read the rest of this entry »