Sunday, November 25, 2007

GOP, Short on Funds - Recruit Rich to Run

Confronting an enormous fund-raising gap with Democrats, Republican Party officials are aggressively recruiting wealthy candidates who can spend large sums of their own money to finance their Congressional races, party officials say.

At this point, strategists for the National Republican Congressional Committee have enlisted wealthy candidates to run in at least a dozen competitive Congressional districts nationwide, particularly those where Democrats are finishing their first term and are thus considered most vulnerable. They say more are on the way.
These wealthy Republicans have each already invested $100,000 to $1 million of their own money to finance their campaigns, according to campaign finance disclosure reports and interviews with party strategists. Experts say that is a large amount for this early in the cycle.
In New York’s 20th Congressional District, in the Albany area, Alexander Treadwell, an independently wealthy former State Republican Party chairman, has invested more than $320,000 of his money in a race that Republicans predict will cost each candidate at least $3 million. More
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