Clinton fundraising leaves little for state parties
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Source: Politcal
Clinton fundraising leaves little for state parties
The Democratic front-runner says she's raising big checks to help state committees, but they've gotten to keep only 1 percent of the $60 million raised.
In the days before Hillary Clinton launched an unprecedented big-money fundraising vehicle with state parties last summer, she vowed “to rebuild our party from the ground up,” proclaiming “when our state parties are strong, we win. That’s what will happen."
But less than 1 percent of the $61 million raised by that effort has stayed in the state parties’ coffers, according to a POLITICO analysis of the latest Federal Election Commission filings.
Read more: http://www.politico.com/story/2016/04/clinton-fundraising-leaves-little-for-state-parties-222670
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LannyDeVaney
(1,033 posts)Seriously.
RATM435
(392 posts)The Clinton Campaign Is Keeping a Lot of That "Joint" Fundraising Money For Itself
Just before launching the rather specifically-named Hillary Victory Fund, ostensibly formed to help “rebuild” the Democratic Party “from the ground up,” Hillary Clinton declared, “When our state parties are strong, we win. That’s what will happen.” According to Politico, however, less than 1 percent of the $61 million raised by the fund has remained with the state parties.
A “joint fundraising committee,” the Hillary Victory Fund, includes the Democratic National Committee and a record 32 state party committees. Thanks to a 2014 Supreme Court ruling, individuals can give donations to the fund 130 times greater than what they could give directly to the Clinton campaign for the primaries—$350,000 or more.
State party committees have received $3.8 million from the victory fund; however, 88 percent of that money ($3.3 million) was transferred shortly thereafter to the DNC. (How funds are allocated is up to the committee’s treasurer, Elizabeth Jones. She is also the COO of the Clinton campaign.) As Politico reports.
A seat at the head table at a Victory Fund party last month, hosted by “Uber for Planes” investor Sherwin Pishevar and George and Amal Clooney, cost $353,400. Days later, Bernie Sanders campaign lawyer sent an open letter to the DNC, arguing that the victory fund “skirts legal limits on federal campaign donations.” (The Sanders campaign has also signed a joint fundraising agreement, but has not leaned so heavily on it as the Clinton campaign.)
Clinton campaign manager Robby Mook called the accusation “shameful.”
http://www.democraticunderground.com/10141434617
LannyDeVaney
(1,033 posts)I'm just pointing out it is continually being posted in LBN when it's already been locked.
Snotcicles
(9,089 posts)LannyDeVaney
(1,033 posts)
RATM435
(392 posts)RiverNoord
(1,150 posts)If it's true, then there's one hell of a scam being pulled off, resulting in lots of money going to state parties who have then almost immediately transferred to the DNC.
If it's true, then the politico article having been posted 3 times on DU is trivial. The activity would represent a meticulously planned scheme to get money to the DNC that it could not have legally accepted from the original donors. Possibly an unprecedented scam in terms of real dollars being transferred to the DNC.
If it's not true, then I'll be glad to see the story trashed hard.
RATM435
(392 posts)Collusion between the Clinton campaign and the DNC allowed Hillary Clinton to buy the loyalty of 33 state Democratic parties last summer. Montana was one of those states. It sold itself for $64,100.
http://www.counterpunch.org/2016/04/01/how-hillary-clinton-bought-the-loyalty-of-33-state-democratic-parties/
Gman
(24,780 posts)State parties get what's left. It's a great idea.
Delver Rootnose
(250 posts)Any evidence in filings that anything has been disbursed??
Gman
(24,780 posts)Why would you?
Progressive dog
(6,904 posts)I'm trying to figure out why you think nothing is better than something.
msongs
(67,405 posts)
beastie boy
(9,345 posts)Clinton, Hillary D C Pres $4,440,000
DNC Services Corp D P $3,763,436
Democratic Party of Wisconsin D P $207,278
Democratic Party of Oklahoma D P $140,000
Democratic Party of New Hampshire D P $74,700
Democratic Party of Pennsylvania D P $70,500
Democratic Party of Texas D P $69,100
Democratic Executive Cmte of Florida D P $66,200
Democratic Party of Nevada D P $66,200
Democratic Party of Colorado D P $66,000
Democratic Party of Ohio D P $66,000
Democratic Cmte of Utah D P $64,100
Democratic Party of Alaska D P $64,100
Democratic Party of Mississippi D P $64,100
Democratic Party of Montana D P $64,100
Democratic Party of Oregon D P $64,100
Democratic Party of South Carolina D P $64,100
Democratic Party of Tennessee D P $64,100
Democratic State Cmte of Massachusetts D P $64,100
Georgia Federal Elections Cmte D P $64,100
Idaho State Democratic Party D P $64,100
Michigan Democratic State Central Cmte D P $64,100
Minnesota Democratic Farmer Labor Party D P $64,100
Missouri Democratic State Cmte D P $64,100
Rhode Island Democratic State Cmte D P $64,100
West Virginia State Democratic Exec Cmte D P $64,100
Wyoming State Democratic Central Cmte D P $64,100
Democratic Party of North Carolina D P $64,000
Democratic State Central Cmte/Louisiana D P $64,000
Indiana Democratic Congressional Victory Cmte D P $64,000
Democratic Party of Arkansas D P $63,000
Maine Democratic State Cmte D P $59,800
Democratic Party of Virginia D P $43,500
Operating Engineers Union Local 139 A $5,000
https://www.opensecrets.org/jfc/summary.php?id=C00586537
BTW, even if state committees got only 1%, that's a hell of a lot more than they got from Bernie's fundraising...
tammywammy
(26,582 posts)You can repost in General Discussion: Primaries
