Send a Tweet
Most Popular Choices
Share on Facebook 9 Share on Twitter 1 Printer Friendly Page More Sharing
General News    H3'ed 4/17/16

Hillary Victory Fund: $2 million for downballot Dems, $22 million for Hillary

By       (Page 1 of 1 pages)     (# of views)   No comments
Author 87504
Message Daily Kos

Reprinted from www.dailykos.com by By themgt

Hillary Clinton
Hillary Clinton
(Image by Gage Skidmore)
  Details   DMCA

Politico has an interesting report, especially in light of the constant refrain that Hillary has raised 10s of millions for downballot Dems while Bernie is all about himself.

First of all, this "Victory Fund" is usefully structured as a cozy "joint fundraising committee", letting it skirt like a ballerina around otherwise onerous campaign finance laws:

The report shows that the joint account, called the Hillary Victory Fund, spent heavily trying to develop a small donor base for Clinton's presidential campaign, but also took advantage of its unique structure to raise nearly $5 million from just 14 mega-rich donors, including entertainment titans Barry Diller, James Cameron and Haim Saban.

Very pragmatic!

In the first quarter of the year, the fund raised $33 million dollars and spent nearly as much. Let's see how that money breaks down:

The idea is that the committee will help the state parties raise money for their general election efforts " [y]et, during the first three months of the year, the $2 million transferred by the Hillary Victory Fund to various state party committees paled in comparison to the $9.5 million it transferred to Clinton's campaign committee or the $3.5 million it transferred to the DNC.

And the Hillary Victory Fund also spent $6.7 million on online ads that mostly looked like Clinton campaign ads, as well as $5.5 million on direct marketing. Both expenses seem intended at least in part to help Clinton build a small donor base, an area in which Sanders has far outpaced her.

Yep. So that's $9.5 million to Hillary's campaign, $12.2 million for what is effectively Hillary marketing and campaign expenses, $3.5 million to DWS's absolutely, definitely neutral DNC, and " drumroll please " two. million. dollars for downballot candidates.

Divided evenly between the 32 state party committees who are part of the fund, that's a gate-storming $62,500 for each state party committee from the Hillary Victory Fund.

Versus a paltry $22 million given to or effectively spent on Hillary's campaign.

Click Here to Read Whole Article

 

Must Read 1   Well Said 1   Valuable 1  
Rate It | View Ratings

Daily Kos Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in


Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Fox News Turns Against Donald Trump for the Worst Imaginable Reason

Roger Stone Breaks Gag Order, Tells Vice News Cohen Testimony "Entirely Untrue" UPDATE2

Impeachment is NOT the best punishment for Trump. This is.

A Major Surge in Atmospheric Warming Is Probably Coming in the Next Five Years

The Awesome Response to Indiana's Religious Freedom Restoration Act

Fox News Suffers Worst Ratings In Thirteen Years -- And That's Not Their Big Problem