Loebsack Leading Congress…In Money From PACs

Dave Loebsack, Iowa’s newly elected Congressman from the 2nd District has been raising money from Political Action Committees at an incredible rate since Election Day. Between Election Day and the end of the year, Loebsack raised $71,000, most of which came from PACs. In contrast, over the last five weeks of the election, Loebsack raised less than $40,000 from PACs. All the money that Loebsack received from PACs made him the leading fundraiser among all House freshmen. In fact, despite Loebsack’s lefty credentials, his contributors include a Houston law firm run by a Bush Pioneer and the American Bankers Association. As the Des Moines Register notes, Loebsack’s cash windfall stands in sharp contrast to his predecessor, Jim Leach, who didn’t accept money from PACs. In 2006, Loebsack and Leach combined raised less than one million dollars, which was the lowest combined total, by far, of any competitive race in the country. It certainly looks like things are going to be a lot more expensive in 2008.

1 comment February 5th, 2007