Sunday, August 07, 2005

Rich Liberals Vow to Fund Think Tanks

At least 80 wealthy liberals have pledged to contribute $1 million or more apiece to fund a network of think tanks and advocacy groups to compete with the potent conservative infrastructure built up over the past three decades.
The money will be channeled through a new partnership called the Democracy Alliance, which was founded last spring -- the latest in a series of liberal initiatives as the Democratic Party and its allies continue to struggle with the loss of the House and the Senate in 1994 and the presidency in 2000. Many influential Democratic contributors were left angry and despairing over the party's poor showing in last year's elections, and are looking for what they hope will be more effective ways to invest their support.

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