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May 11, 2007
When calculators and politics collide

Earlier, we reported allegations that the federal Green Party is "facing increasing accounts payable and cannot sustain its current level of spending." This, according to a petition being circulated amongst cardholders. But, in an interview with Public Eye, party leader Elizabeth May says that claim is "based on a lot of misinformation as, unfortunately, can be the case with email petitions. We're doing just fine in managing the growth within the party. We, obviously, had some expenses at the beginning of the year because we were preparing for a spring election. But that just means that's money we don't have to spend again to prepare for the next election - so that was all a quite reasonable thing to do. So the petition misrepresents debt levels. It's much less than where we were in the fall...So there's kind of some misrepresentation that was captured by people who just aren't that close to our finances."

The prominent environmentalist went onto to confirm her party has accumulated $420,000 in new debt since October. But she added, "we've paid off $487,000 in loans during the same period. So it becomes a little bit of a nonsense. We have loans coming in, loans being repaid. Needing to maintain the preparations for an election, we've been reducing the cost of our monthly spending substantially. And we're increasing our fundraising capacity. So, as a snapshot, individuals figures pulled out of a financial statement can be correct. But the overall picture is one that's misrepresented.

Posted by Sean Holman at 12:40 PM
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"So it becomes a little bit of a nonsense"

From the figures May has selected, it appears that the debt is simply being rolled over, with a small amount of actual paydown. The key issue really is the same for the Greens as it is for the Liberals and the NDP. How are they adjusting to the new world of individual donors only, with a limit of $1,100 per year per donor, $2,200 if you count local as well as national contributions. My guess is that the Greens, like the Liberals, tended to rely on a smaller number of larger donors than have the NDP or the Tories, and that their style has been severely crimped by the Accountability Act which reduced the ceiling down to just $1,000, a move Liberal Senators opposed as hard as they could.

Posted by Budd Campbell on May 11, 2007 01:14 PM

You have to pay off loans completely within 3 years, so you have to have the revolving loan going on.

While we have relied on a few loans in the past, we're not as hurting as the Liberals, because more Greens are thrifty and don't believe in large budget campaigns.

If Harper wants to make a real difference, he should cut in half the amount that parties can spend.

Posted by Dan on May 11, 2007 02:03 PM

Dan, I don't think that the amounts that are allowable at the electoral district level are out of line with reality. However, national campaigns could well be cheaper.

I still suspect that a statistical analysis of Green donors would show higher average amounts coming from better off individuals.

Posted by Budd Campbell on May 11, 2007 04:19 PM

"If Harper wants to make a real difference, he should cut in half the amount that parties can spend."

Not a very good idea.

It would affect how many Cokes and Pizzas we could
buy for the campaign workers in the office. If
we didn't have the usual amount of pizzas and cokes, the volunteers would walk out in an instant, and the politicians would have a difficult time getting elected.


Posted by Blue Boy on May 11, 2007 05:05 PM




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