(Townhall.com) Ann Coulter writes why a Ronald Reagan could never make it with today’s campaign finance laws……
When the great California businessman Holmes Tuttle and two other principled conservatives approached Reagan about running for office, Reagan said no. But Tuttle kept after Reagan, asking him not to reject the idea out of hand. He formed "Friends of Reagan" to raise money in case Reagan changed his mind.
He asked Reagan to give his famous "Rendezvous With History" speech at a $1,000-a-plate Republican fundraiser in Los Angeles and then bought airtime for the speech to be broadcast on TV days before the 1964 presidential election.
The epochal broadcast didn't change the election results, but it changed history. That single broadcast brought in nearly $1 million to the Republican Party -- not to mention millions of votes for Goldwater.
After the astonishing response to Reagan's speech and Tuttle's continued entreaties, Reagan finally relented and ran for governor. In 1966, with the help, financial and otherwise, of a handful of self-made conservative businessmen, Reagan walloped incumbent Edmund G. (Pat) Brown, winning 57 percent of the vote in a state with two Democrats for every Republican.
None of that could happen today.
If Tuttle found Ronald Reagan today, he couldn't form "Friends of Reagan" to raise money for a possible run -- at least not without hiring a battery of campaign-finance lawyers and guaranteeing himself a lawsuit by government bureaucrats. He'd also have to abandon his friendship with Reagan to avoid the perception of "coordination."
Tuttle couldn't hold a $1,000-a-plate fundraiser for Reagan -- at least in today's dollars. That would be a $6,496.94-a-plate dinner (using the consumer price index) or a $19,883.51-a-plate dinner (using the relative share of GDP). The limit on individual contributions to a candidate is $2,300.
Reagan's "Rendezvous With History" speech would never have been broadcast on TV -- unless Tuttle owned the TV station. Independent groups are prohibited from broadcasting electioneering ads 60 days before an election.
A handful of conservative businessmen would not be allowed to make large contributions to Reagan's campaign -- they would be restricted to donating only $2,300 per person.
Under today's laws, Tuttle would have had to go to Reagan and say: "We would like you to run for governor. You are limited to raising money $300 at a time (roughly the current limits in 1965 dollars), so you will have to do nothing but hold fundraisers every day of your life for the next five years….." Read more…
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