Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Wesley Clark -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (971)	12/31/2003 4:09:47 AM
From: stockman_scott	Respond to of 1414

Clark Is to Get Matching Funds Of $3.7 Million _____________________________ By JEANNE CUMMINGS Staff Reporter of THE WALL STREET JOURNAL Updated December 31, 2003 online.wsj.com WASHINGTON -- Retired Gen. Wesley Clark will receive $3.7 million in taxpayer matching funds for his presidential primary campaign, a sum that surpasses veteran campaigners and increases the chances that the latecomer may still emerge as an alternative to the front-running Howard Dean. The Federal Election Commission approved $15.4 million in grants for the six Democratic primary candidates who demonstrated national support and agreed to abide by campaign-spending limits. The size of each grant is based on the amount the candidates received from individual contributors. Mr. Clark's large matching grant is significant because it demonstrates that the Arkansas native, in three short months, has generated a broad base of financial support. The campaign is expected to report raising about $10 million in the year's fourth quarter -- a notoriously difficult time of year for soliciting cash and a sum likely only to be exceeded by Mr. Dean, a former Vermont governor. In addition to Mr. Clark, the commission approved a $3.6 million grant for Connecticut Sen. Joe Lieberman, $3.4 million for North Carolina Sen. John Edwards, and $3.1 million for Missouri Rep. Richard Gephardt. Ohio Rep. Dennis Kucinich will receive about $700,000 and Lyndon LaRouche was certified for more than $800,000. Mr. Dean and Massachusetts Sen. John Kerry opted out of the federal financing system, which means they can spend freely, but must forgo the millions of dollars in matching money for which both men undoubtedly would have been eligible. While financial strength is important, Bill Carrick, a consultant with Mr. Gephardt, cautions that Mr. Clark still must demonstrate that he can convert that support into votes in the compressed primary schedule. Mr. Clark is skipping the Iowa caucuses, but he is campaigning hard in New Hampshire and is banking on wins in the Feb. 3 southern and western primary states to put him in the hunt for the nomination.