McClatchy looks at the dearth of conservative 527s and comes up with a few reasons why there’s no big money pouring into the “Republican attack machine.”
Democrats and the media have used the term so much that it’s almost an article of faith. But the so-called “Republican attack machine” waiting with piles of unregulated cash to chew up Democratic presidential candidate Barack Obama is anything but.
Obama cited the threat of unregulated attack groups — called “527s” because they’re authorized to raise unlimited cash under that section of the Internal Revenue Service code — to justify dropping his pledge to take public financing — along with its spending limits — for the general election campaign.
Yet there’s no 2008 equivalent to the 2004 Swift Boat Veterans for Truth, which spent $22 million attacking Democrat John Kerry. Prominent groups and donors that played key roles in independent conservative 527 groups four years ago say they’re sitting out this election. And while they’ve raised more than they did at this point four years ago, the independent pro-Republican groups still lag more than $50 million behind pro-Democratic groups.
This sums up the top reason:
“Why stick your neck out for him?” said one Republican operative, who spoke on the condition of anonymity to freely criticize his party’s presumptive nominee.
No need for anonymity. It’s the truth.
R.S. McCain offers his explanation.