Friday, October 27, 2006

A Fund Falls Short in Last-Ditch Bid to Help Democrats

The New York Sun reports:
A new political group set up to help Democrats win control of Congress with a last-minute advertising blitz brought in $3 million as of last week, leaving the effort far short of its reported fund-raising goals.

The September Fund was created last month by a top Democratic operative, Harold Ickes, to combat an anticipated pre-election onslaught of advertising by Republican groups. The fund reportedly hoped to raise between $10 million and $25 million, but its filing yesterday with the Internal Revenue Service indicated the total received through October 18 was only $3 million.

By contrast, a single Republican donor, Robert Perry of Texas, has given at least $8 million this year to conservative "527" organizations working to help the GOP hang on to the House and Senate.
The groups, which get the label from a section of the tax code, take multimillion-dollar gifts that traditional political action committees cannot accept.

Democratic donors who gave tens of millions to 527s in 2004, such as George Soros, are being less generous this time. Mr. Soros has not donated to the September Fund, but he did pledge $3 million to a Democratic get-out-the-vote effort, America Votes.
Here's a major signal that there might not be the Democratic wave the MSM wants you to believe in.