Wednesday, May 02, 2007

We're In The Money

Political scientists and historians will look back on the previous Liberal government's decision to ban corporate donations as a death wish, for it turned one of their greatest strengths into a fatal weakness.

Not that Tories should be complaining:

Stephen Harper's Conservatives raised almost 10 times more money from 10 times more donors than the Liberals in the first three months of 2007.

Even the NDP — historically the poorest of the three main national parties — managed to raise twice as much money as the once-mighty Grits.

According to quarterly fundraising results, posted Tuesday by Elections Canada, the Liberals managed to raise only $531,141 from 4,365 donors.

By contrast, the Tories vacuumed up almost $5.2 million from more than 45,000 contributors. The NDP scooped up $1.2 million from almost 15,000 donors.

Bearing in mind that the Grits might have been tapped out following their leadership race, this is still a pathetic result for Canada's self-proclaimed natural governing party.

It's going to show on the campaign trail too: the public can tell an expensive campaign from a cheap one. And it will make the Liberals look even less ready to govern.

Unless they resort to loans from generous benefactors that get mysteriously written off. That would be the Liberal way.

Source: Globe and Mail

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