Word: bayhes
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...last week). Similarly, by not removing the $1,000 limit on individual campaign contributions, the court eliminated the possibility that a candidate could rely solely on a handful of fat cats-as Harris and John Lindsay did in 1972. One candidate who could use some fat cats is Birch Bayh, who is having financial problems...
...case of Democratic Senator Birch Bayh illustrates how a candidate's chances for success in 1976 can be shaped by the new rules on fund raising. "The thing we were watching the court for," says Bayh's finance director, Myer Feldman, "the thing that would have changed the entire nature of the campaign, was a ruling that would have lifted the limit on contributions. It's that $1,000 limit that has caused the problems...
Indeed it has. For all practical purposes, Bayh is close to insolvency. For that he can blame the finance law-and himself. He badly miscalculated the impact of the legislation, particularly the $1,000 limit, though he had supported the reform. Not until December did he hold his first formal fund raiser, long after the other candidates had started collecting money...
...Bayh figured that he was the leading liberal in the race because of his strong Senate record, his labor backing, his folksy, flamboyant campaign style. All he would have to do was declare his candidacy, and the money would have started pouring in from well-heeled liberal well-wishers. Four years ago, that might have worked. But now the fat cats have been cut off-unless they want to break the law. The lean cats are growing scarcer and leaner all the time. Says Feldman: "It used to be fairly easy to find five people who would give...
...average contribution to the Bayh campaign is less than $100, and many donations are in the $20 to $25 range. Because of personal connections, Feldman had little trouble collecting the first $100,000, even though he had to raise at least $5,000 in small donations in 20 states to qualify for matching funds. Feldman did most of the soliciting by phone. But after that the going got rougher. Other Democratic candidates-Morris Udall, Fred Harris and to some extent Jimmy Carter-had already approached the same contributors and sopped up much of the available funds. To date, Bayh...