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Palin raises $1.2 million for PAC during quarter
WaPo via AP ^ | October 12, 2010 | Becky Bohrer

Posted on 10/12/2010 8:59:45 AM PDT by Al B.

JUNEAU, Alaska -- Former Alaska Gov. Sarah Palin raised more than $1.2 million for her political action committee during the last quarter.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: palin; sarahpac; sarahpalin
Ends quarter with $1.3 million cash on hand. Gave to 15 candidates.
1 posted on 10/12/2010 8:59:52 AM PDT by Al B.
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To: Al B.

That’s right Sarah, dont hand it to RINOS (or the GOP).


2 posted on 10/12/2010 9:04:31 AM PDT by max americana (Hoax and Chains, Dopeychangey)
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To: Al B.
A general question related to PACs and campaign bank accounts. What can they and/or do they do to maintain the principle... can they collect bank interest? Can they place money in a money market fund?

OR, if inflation were to jump a bit, does that whittle away their buying power?

Just wondering if their is further political incentives for those currently in power to weaken the dollar, besides their underlying agenda.

3 posted on 10/12/2010 9:08:37 AM PDT by C210N (0bama, Making the world safe for Marxism)
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To: budwiesest; Old Sarge; MountainDad; Ricebug; Envisioning; mstar; TheOldLady; ...

((((((((Ping))))))))


4 posted on 10/12/2010 9:16:29 AM PDT by Clyde5445 (Gov. Sarah Palin: :"You have to sacrifice to win. That's my philosophy in 6 words.")
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To: Clyde5445
Her $1.24 million raised this quarter compares to $866K last quarter.

She spent well over $200K on direct mail and internet fundraising. She's ramping up.

5 posted on 10/12/2010 9:23:19 AM PDT by Al B.
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To: Clyde5445

Bump


6 posted on 10/12/2010 9:25:58 AM PDT by TheOldLady (Pablo is very wily.)
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To: Al B.

I hear that some of those funds come from foreign sources, funneled through the Chamber of Commerce! /s


7 posted on 10/12/2010 9:36:08 AM PDT by JaguarXKE (RINOs be gone!)
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To: Al B.

$240,000 for consultants, and roughly $100K for candidates. That’s Precious.


8 posted on 10/12/2010 10:17:30 AM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: C210N

The laws may have changed, but campaign accounts could (back in early 90’s) earn simple interest or put money in any not-at-risk investment. You couldn’t buy stock, nor could you invest in a mutual fund, but CD’s and savings accounts were OK because the principal was not at risk.

Campaign accounts are subject to the same threats as anybody’s savings...if the dollar weakens, the money is worth less; if they print more money, the money is worth less; etc.


9 posted on 10/12/2010 10:29:18 AM PDT by TexasGunRunner (Spay or neuter your pet coons; especially the bearded marxist variety!)
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To: pissant

Whoa there buddy...the PAC is limited to direct donations of $5K per election. This is only for one quarter, so that is 20 candidates and she gave money in the previous quarters too.

As to the consultants, $240K is not that much. She has people running the PAC, probably in the neighborhood of 20+ people.

She has several major websites and is providing in-kind support to other candidates. So, the professional consultants - for example a media consultant (that is a professional director, and/or film crew) might be providing assistance to candidates like Christine O’Donnell, Joe Miller, etc.

You can’t judge the value of the work until you know what they’re doing. I doubt they called you to keep you up to date.


10 posted on 10/12/2010 10:40:50 AM PDT by TexasGunRunner (Spay or neuter your pet coons; especially the bearded marxist variety!)
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To: TexasGunRunner

Now don’t go throwing facts at pissant. He needs to hate Palin and it makes him feel a part of the group to post negative stuff like he’s contributing.


11 posted on 10/12/2010 2:07:30 PM PDT by CynicalBear
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