But if cable news ubiquity really equaled electoral viability we might now be living through President James Carville’s second term. Plus – and this is something we think has been overlooked – Sarah Palin is sitting on more than a million dollars in political money. That alone could ensure she continues as a national player.
Yes, while you haven’t been watching SarahPAC has continued to pull in cash. That’s Palin’s leadership political action committee, a type of fundraising organization that allows politicians to collect funds for donation to other candidates or political committees, and to lay the groundwork for future candidacies of their own.
SarahPAC’s latest filing with the Federal Election Commission shows that it had $1,196,956.73 cash on hand at the end of 2012. Furthermore, its debts are zero. So that’s a stash of money free and clear that Palin can bestow on her favored candidates. A million bucks can buy you many friends in politics, particularly when you’ve already got a core of committed supporters.