Michigan Design Center
semi-annual floor
ample
Sale
The Money Trail
Saturday, January 25
Fund-raising, not issues, will be the major concern
for presidential candidates for now.
more than one Democratic candidate.
MATTHEW E. BERGER
"It's clearly not necessary, early in
Jewish Telegraphic Agency
the cycle, to come out strongly for one
candidate," said Jack Bendheim, an
Stamford, Conn.
active donor in Democratic politics in
f Jewish money accounts for an
the Bronx. "You can write multiple
estimated half of big-time
$2,000 checks."
Democratic donations during
Bendheim would not say who he is
the presidential primary season,
supporting, but Lieberman has some
then Sen. Joseph Lieberman, D-
big Jewish names by his side. Marvin
Conn., would seem to be at a distinct
Lender, the bagels magnate and Jewish
advantage.
communal leader, is serving on the
But that may not be the case.
board of directors of the Lieberman
Analysts say Lieberman may have a
campaign.
slight advantage in the money game
Lender, who lives in Connecticut,
because he is an observant Jew with
said he believes the "lion's share of
strong ties to the organized Jewish
large gifts" to the Lieberman cam-
community. But Lieberman's base of
paign will come from Jewish donors.
support is the same group that the
"This becomes a grass-roots campaign
other Democratic hopefuls will be
throughout
the Jewish community,"
soliciting fervently. And others already
said
Lender.
have some key Jewish players behind
There is no empirical data on the
them.
amount of Jewish money in
In addition, new campaign finance
Democratic politics because the
laws that go into effect for the first
Federal Elections Committee does not
time will change the way Jewish
ask for a contributor's religion. But by
money is doled out for 2004.
all accounts, Jewish donors have
"Lieberman will get a substantial
played a significant role in bankrolling
majority of Jewish contributions," but
the Democratic operations.
the new campaign laws will expand
"The Democratic Party, as it's been
the number- of dollars people can con-
tribute in the election cycle, said Larry structured in the last generation or
two, can't be competitive at its current
Sabato, director of the University of
level
without Jewish fund-raising,"
Virginia's Center for Politics.
said Ira Forman, executive director of
the National Jewish Democratic
Council.
Campaign Finance
Analysts estimate that candidates
The new law, known as McCain-
making a serious bid for the
Feingold for the lawmakers that spon-
Democratic nomination will need to
sored it, doubled the amount of con-
raise
$35-$40 million. And in the
tributions a person could give to a pri-
general
presidential election, parties
mary campaign to $2,000. It also
raised the amount of money a contrib- have raised nearly double that.
utor could give to all candidates and
committees in each election cycle
Calling In Chips
from $25,000 to $95,000.
Lieberman
is likely to get a large share
And because soft-money donations
of
that
money
this time around. The
— unlimited funds given to the
historic
nature
of his campaign will
national political parties to use on
entice even supporters of other candi-
behalf of candidates — have been
dates to give some money to his cam-
banned, there are fewer avenues for
the money to be distributed and fewer paign, and could bring in funds from
Jewish contributors who have not
large-scale donations for candidates.
given in the past.
That makes individual contribu-
He also endeared himself to many
tions, theoretically, more important,
Jews
during his run with then-Vice
although loopholes are expected to be
President Al Gore as the Democratic
found around the new laws.
nominee for vice president in 2000.
Analysts say the new laws will lead
But that does not mean he will get
to an increase in contributors who are
"double dipping" — giving funds to
MONEY TRAIL on page 26
9am to 5pm
Sunday, January 26
noon to 5pm
Don't miss your chance to buy the very
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• All items sold AS IS; FINAL SALE
• Payments by cash or check
(some showrooms accepting major credit cards)
• All items are take-with, or delivery arrangements
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days.
Some showrooms will be closed but
will be lighted for window viewing
DESIGN SEMINARS
$6.00 Admission
Attend our Design Seminars at 1. 2. 3
Present this ad and save
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a portion of the proceeds to benefit COTS - the
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NO STROLLERS PLEASE!
off Maple, between Crooks and Coolidge, in Troy. 248.649.4772
For directions or more info, visit mlchlgandeslgn.com
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Offer good through Jan. 26
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1/17
2003
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