Has someone recently explained the millionaires’ rule to Greg Fischer and the young people at the KDP? Did they just figure out that Fischer would be a waste?
Forgot to mention this last week, but, the Millionaires’ Rule (Millionaires’ Amendment) is kind of a big deal in this Senate race. And the only person it really affects is Greg Fischer. (Bruce Lunsford is so wealthy it doesn’t even come into play. He could write a $20 million check and never think twice about it.)
Here’s the dilly, kids: Once Greg Fischer loans about $600,000 to his campaign, Mitch McConnell can at that point allow all of his contributors to double their contribution amount. Meaning Mitch could easily have $20 million on-hand in no time.
If Fischer gave his campaign about $1.4 million, McConnell would then be able to triple the contribution amounts from all of his money men. So… how does $30 million sound?
Yeah. Exactly. That’s why Fischer can’t contribute a wad of cash because he just doesn’t have enough to keep up. He’s afraid of losing money and doesn’t want to win badly enough.
At a Christmas party Greg Fischer told numerous people he would drop $5 million into his campaign. A week later, after getting a bit of an FEC education, Fischer is saying he can only drop in $200,000. He and the Party now realize dropping any more into the race would sink his faux progressive ship faster than Fat Albert in a pool with floaties.
More after the jump…