Campaign Fund, Campaign Finances, Campaign Fundraising Quotes
Hanna, managing William McKinley’s Presidential Campaign against William Jennings Bryan, outspent is opponents by a factor of ten to one. Few understood that at the time or the profound effect that money could play in national politics. Hanna was a political strategist far ahead of his time.
In 1904, candidate Theodore Roosevelt solicited campaign funds from leading businessmen. After he was elected, he was viewed to have "turned" on them since he attempted to curtail monopolistic excess, instituted regulation, and made other business reforms. This is the original remark, but another, more sanitized version appeared in New York Times and other places as: “We bought him and he did not stay bought.”
William Gibbs McAdoo was a contender for the presidential nomination. As an attorney he was urged not to represent any rich or large corporate clients lest his image be tarnished. He asked if he had to remain poor all his life:
Stimson was one of the first to realize the new economic reality in America. In prior years, wealthy individuals financed most business and industrial efforts. However, the need for capital had become so great that wealthy individuals could no longer provide sufficient capital to underwrite some of the business efforts. The age of the corporation was dawning on America and Stimson was one of the first to recognize it.
This was the first time that an American President was “sold’ to the voters in the same way that consumer goods were marketed to the public. Within 20 year, all presidential campaigns have been used these merchandising techniques.
He was originally a teacher and made a fortune as a politician through corruption which was extreme in Mexico and is still quite bad.
Unfortunately for McCain too many Republicans feared his ideas of reform such as elimination of corporate welfare and campaign finance reform. He lost to George W. Bush.
