Dizzying array of dollar signs: Cutting through the hype on 2020 presidential fundraising

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Dizzying array of dollar signs: Cutting through the hype on 2020 presidential fundraising
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The numbers are confusing, and the story the numbers tell is always more nuanced than the story the candidates try to build.

written for fancy fundraisers. It comes from Wall Street brokers and from retired schoolteachers on meager pensions. But what does it all mean for the presidential candidates raising it?

By midnight Monday, all the declared presidential candidates must publicly provide their first look at who is giving to them, in what amounts, and how much it all adds up to, as well as what they’ve spent. The snapshot is helpful in interpreting who might have the resources to go the distance, who has strong grassroots enthusiasm behind them, and who has figured out how to expand their reach in theIt is also a great opportunity for candidates to mislead you.

Don’t get duped by the dollar signs. Here are answers to some of the key questions about all that cash.No. All the Democratic candidates have vowed not accept money from corporate PACs, and most are also refusing federal lobbyist donations. The optics of the pledge are great. But in reality, there are many other ways candidates can collect from big corporate interests without tapping PACs. A CEO or group of lobbyists can hold a fundraiser for candidates in their living room.

Some candidates, notably Sens. Bernie Sanders and Elizabeth Warren, are eschewing the loopholes and strictly avoiding corporate cash and fundraisers. But many others remain stars in the corporate fundraising circuit.Be careful. The candidates slice and dice their numbers to leave the impression their operations are entirely grassroots driven. Not all are.

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