From Deseret News archives:
Hatch, Matheson war chests brimming
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Flexible account
Why is Hatch raising money again so soon six years away from a re-election when, at age 73, he hasn't said if he will run again?
"The senator wants not only to support other (U.S.) senators in their re-elections next year, he wants to support both the local and national Republican parties, as well," said Hansen, a longtime GOP activist who served for a time as former GOP Gov. Norm Bangerter's deputy lieutenant governor.
Hatch indeed is doing that, according to disclosure forms for both his main campaign account (in which he has $2.3 million cash) and in a "leadership" political action committee, ORRINPAC, which is designed specifically to give money to others (in which he has $104,000 in cash).
Those accounts have given $81,400 so far this year to other politicians and local arms of the GOP. That includes donating to eight incumbent U.S. senators and presidential candidate Mitt Romney.
Hansen notes, "He also wants to support good causes, like local (nonprofit) organizations."
Hatch's $2.4 million in cash provides flexibility in a number of ways, said Hansen.
"It has a chilling effect on potential opponents. They're saying: 'He's already got a mountain and I'm starting down on the plain,"' Hansen said. "If you can have it there, why not have it there?"
Fred Wertheimer, founder of Democracy 21 and a longtime critic of the present fund-raising system, said while it is common for politicians to use special-interest money to build up big war chests to deter opponents, "It makes it much harder for opponents to run against them," he said.
"We would be much better off with a system that is not so dependent on private contributions, which would provide a fairer way for challengers to run against incumbents," he said.
"That's a surprising use of campaign money. It is supposed to be for political purposes," Wertheimer said.
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