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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (174202)	8/24/2001 6:15:24 PM
From: ColtonGang	Respond to of 769670

Shelby tops state millionaires' club in Congress All seven Republicans who represent Alabama are in the upper bracket -------------------------------------------------------------------------------- By Jeffrey McMurray Associated Press Writer -------------------------------------------------------------------------------- WASHINGTON -- Alabama may be one of the poorest states, but it has one of the country's richest congressional delegations. Financial records released Thursday show that all seven Republicans who represent the state have upper asset ranges that could put them in the millionaires' club. Sen. Richard Shelby leads the pack with assets as high as $35 million. and Henry Hyde...a millionaire.

To: jlallen who wrote (174202)	8/24/2001 6:17:42 PM
From: ColtonGang	Read Replies (2) \| Respond to of 769670

USNEWS:"average winning House campaign now costing $500,000 and a Senate victory at least $4 million, the rising cost of politics tends to favor millionaires who can finance their own campaigns and career politicians who can raise millions. "The number of self-financed or millionaire candidates will most likely continue to grow because it's the only way for a challenger to get enough money to be competitive," says Josh Goldstein of the Center for Responsive Politics. "More and more people are being represented by the super-rich." In 1988, 44 House candidates and 19 Senate candidates gave or lent their campaigns at least $100,000. In 1994, those numbers doubled to 93 House candidates and 38 Senate candidates, according to the Center for Responsive Politics. This year, the center estimates that 34 House candidates and 33 Senate hopefuls already have invested similar amounts in their campaigns. There are no legal limits on what congressional candidates can spend on their own races."