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

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opednews.com Headlined to H3 4/17/16

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Reprinted from www.dailykos.com by By themgt

Hillary Clinton
Hillary Clinton
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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.

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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!

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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.

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