Underlying the continuing financial advantage of the Republican party over the Democratic party are changes in the sources of cash for each party that have significant consequences for both policy and candidates. For the Democratic party, the pressure to raise money from the restricted sources available to it are functioning to push the party to the right. For the GOP, the changing pattern of fund-raising is more ambivalent, although key sources of money for both the party’s right wing and for the conservative movement as a whole are drying up.
The Democrats, after making some fund-raising gains in recent years, are now falling further behind the GOP. More important, however, money is to a considerable extent a reflection of the internal balance of power within each party. In this respect, the patterns of contributions to both parties signal significant changes in direction....
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