January 10, 2008 | As the once-thick presidential field thins with every primary contest, the candidates who fail to capture their party's nomination may be left with lots of money but few options for using it. According to the nonpartisan Center for Responsive Politics, as of the end of September, the candidates had stored up $33.6 million for the general election-money they can't touch unless they make it beyond the primaries. The money the candidates have raised for the general-which will probably turn out to be even higher when year-end reports are filed Jan. 31-is equivalent to the cost of putting 28,000 new Apple computers in schools that need them, buying a McDonald's Big Mac for every resident of Michigan or donating the entire Harry Potter book series to nearly every household in New Hampshire and Maine. The candidates who drop out of the race or end up losing their party's nomination won't get to use their leftover money for anything of the sort, however. Instead, under the Federal Election Commission's rules, candidates can either refund the money to their donors within 60 days after the person is no longer a candidate or get permission from their donors to re-designate it for use by the candidate's campaign for another federal office. To pay off debts from their primary campaigns, candidates can tap general-election funds from contributors who didn't max out in the primary*, with the donor's permission. If, for example, Hillary Clinton doesn't make it to the general election season, she'll have to go back to the donors who've given her at least $16.7 million toward November's election and get their permission to use it to pay off primary debts, transfer it to her Senate committee or use it in a future presidential campaign. As of the end of the 3rd Quarter, Clinton had more saved up for the general election than any other candidate, according to FEC reports, while Rudy Giuliani had the most among Republicans at $5.1 million. By comparison, the also-rans in the 2004 presidential race ended their bids with only $2.5 million among them. When presidential hopefuls abandon their campaigns before their party nominates its candidate, they often do so because they don't have enough money to compete in the primaries, much less the general election. By the time Sam Brownback (R-Kan.) and Tom Tancredo (R-Colo.) dropped out of the race, neither had raised any funds for use beyond the primary season. New Mexico Gov. Bill Richardson, a Democrat, dropped out of the race this week with at least $674,680 in the bank for the general election. Chris Dodd (D-Conn.), who quit after the Iowa caucuses, had collected $1.5 million toward November's contest, while Joe Biden (D-Del.) had brought in $1 million. With Biden now likely to run again for Senate this year, one of the supporters of his aborted presidential campaign said he's not expecting his money back. He trusts the candidate to do what's best with the money, including putting it toward his upcoming re-election. "If you support a candidate and give him money, you're saying you'd support what he'd do with the country and with national security," said Harvey Gurland, a lawyer in Miami who gave $1,000 to Biden. "If you trust someone to protect our citizens, you'd certainly have a good feeling about what they'd do with the contribution you gave to his candidacy." Sometimes, though not often, candidates drop out of the race, or lose, with money designated for the primaries still sitting in their bank accounts. (Those who do make it to the general election can put any remaining primary funds toward that race). Although the presidential candidates raised about $400 million for the primaries in the campaign's first nine months, they're likely to have spent most of it to compete in the early-voting states. For those who finish the race with money remaining in their primary-season account, the FEC's rules for how they can use it aren't as strict. They can: * Give the money to a charity from which they don't earn a salary * Make unlimited transfers to party committees * Make unlimited transfers to the candidate's committee for another federal office, without permission from donors * Transfer money to their state committees if state law allows * Refund the money to donors * Contribute up to $2,000 to another federal candidate's campaign committee * Contribute money to state and local candidates, subject to state and local law Moreover, candidates can leave their campaign accounts open indefinitely. Former president Bill Clinton, for example, has an old committee that still has $13,000 on hand. Republican Gary Bauer, who ran for president in 2000 and dropped out, has $4,810 sitting in his account. The leftover money can't be used, however, for any personal expenses, although the line sometimes blurs between personal expenses and political interests. Six years after his unsuccessful bid for president in 2000, Democrat Al Gore gave $117,500 of his leftover funds to the Climate Project, a nonprofit organization that aims to educate the public about global warming, Gore's pet issue. The group also trained volunteers to present the slide show on which Gore's film, "An Inconvenient Truth," was based. The only limit on giving to a charity is that the candidate and his or her immediate family can't receive compensation from it. In the 2008 race, if she isn't the Democrats' nominee, Hillary Clinton could decide to donate leftover primary funds to her husband's charitable foundation, the William J. Clinton Foundation, which focuses on hunger and poverty in developing countries, AIDS and climate change. Or she could give it to the Clinton Family Foundation, which donates to other nonprofits. The Clintons do not draw salaries from either foundation, according to Hillary Clinton's personal financial disclosures. If John Edwards doesn't get the Democratic nomination, he could give his supporters' contributions to the foundation he and his wife established in memory of their late son, the Wade Edwards Foundation, which has opened computer and learning labs for high school students in North Carolina. Edwards could also transfer his leftover primary cash to his nonprofit, the Center for Promise and Opportunity, which raises awareness about poverty. Questions arose as the center, which is prohibited from engaging in political activity, financed Edwards's travel to New Hampshire and other states before he officially became a candidate. *A clarification added Jan. 31, 2008 CRP Researcher Douglas Weber contributed to this report. Capital Eye thanks Bob Biersack, press officer at the Federal Election Commission, for his assistance with this story.
The money goes to pay campaign debt and to the party. Some candidates run up million dollar debt in a campaign today.
The engine stalls and will not restart.
Along with all other employment benefits, it ceases to exist.
Calling It Quits was created in 2000.
The average IQ of both games go up.
Quits what?? LIving? Dead. Eating? Hungry.
A Winner Never Quits was created in 1986.
See Publication 969. You must be able to receive the maximum amount you have elected to contribute at any time. If you have received more than you contributed the Employer can not recover it from the Employee. They are "at risk" for the full amount you "elected to contribute" at the beginning of the year.
He will be more emotional, sensible, but he can spend his time really better... He can help others in every way :)
If you turn off the electric current in the solenoid, the solenoid quits pulling its armature.
The duration of A Winner Never Quits is 1.6 hours.
It takes a little bit, but the lungs will return to normal like the person had never been smoking
pathologically lie to him/her, until he/she realizes what your doing and quits, when he/she quits then you quit.
The author of A Country Boy Quits School is Lao Hsiang.
The cast of Quits - 1911 includes: Fred Paul as The Crook
he quits if need anymore help,add jacobskelton... i not noob if lv 70 ain't noob stage
You can tell that your vacuum cleaner needs to be replaced when it quits working properly. Signs of that include the belt quits turning or the vacuum quits picking up dirt.
He quits the court and motivates the individuals who are in jail to confessHe quits the court.
When your wife quits her job you should ask her why she quit her job and not blow up in her face.
Quits - 1915 I was released on: USA: 17 August 1915
Quits - 2002 is rated/received certificates of: Germany:12
Quits - 1914 was released on: USA: 11 June 1914
Double and Quits - 1915 is rated/received certificates of: UK:U
Quits - 1915 II was released on: USA: 18 October 1915
what is the theme of this story? a country boy quits school