2006-10-09

Dion Must Stay in the Race to Pay off Debt

Very interesting article in La Presse yesterday about leadership campaign financing. No wonder Belinda isn't running.

-You can't use your own money;
-Maximum donation is $5400;
-Only humans can give (no corporations, food banks, unions or formally alive Liberals);
-All donations must be maid public;
-Candidates may borrow, but the debt has to be payed off from donations within 18 months.

Dion admitted in late September that he was still in the red. I assume it is much easier to raise funds when you are still in the race. Then again, when you drop out, at least you aren't spending money.

Details of the loans must be released in early November. Only Rae has released them early. He got a $275,000 loan from his brother, John Rae, Executive Vice-President of Power Corporation.

Is Belinda an only child?

1 comment:

Anonymous said...

uhh ... all of the campaigns (except volpe) are in debt right now.

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