2016 Postmortem
Related: About this forumPolitico Confirms: Hillary Clinton Has Kept 99% Of Funds Raised For State Parties
According to a new Politico report, the Hillary Victory Fund has kept 99 percent of approximately $60 million it was supposedly raising for state Democratic Parties. Under the agreement signed by Democratic Party leaders in 33 states, the Hillary Victory Fund would solicit donations from super-wealthy donors for as much as $353,400.
The deal agreed to by state parties and the Clinton campaign allows for the first $2,700 raised by the Victory Fund to go to Hillary Clintons campaign. The next $33,400 is earmarked for the DNC, and the remaining funds are meant for state Democratic parties. Under this agreement, it was assumed that the DNC would spend that money helping each respective state party win down-ballot elections.
However, after the original distribution, the Clinton campaign is the sole decider of what happens to the rest of the cash.
Something's fishy here
Politico's original story
I guess it's time for HRC people to throw Politico under the bus now too.
Demsrule86
(68,454 posts)You can do better...I posted a chart and showed it was not true. Politifact also checked it out.
Actor and activist George Clooney also appeared on Meet the Press to talk about a dinner he hosted for Hillary Clinton at his California home. Clooney said he didnt disagree with Bernie Sanders supporters who threw dollar bills at Clintons motorcade in protest of the big-money political event.
"It is an obscene amount of money. The Sanders campaign when they talk about it is absolutely right," Clooney said. "It's ridiculous that we should have this kind of money in politics. I agree completely."
But Clooney said the money he helped raise for Clinton in California has to be put in perspective.
"The overwhelming amount of money that we're raising, and it is a lot, but the overwhelming amount of the money that we're raising, is not going to Hillary to run for president, it's going to the down-ticket," he said. "It's going to the congressmen and senators to try to take back Congress."
Clooneys claim is largely correct. It rates Mostly True.
The Clinton fundraisers Clooney was talking about were on behalf of the her Hillary Victory Fund, which distributes the donations to several entities her campaign committee (Hillary for America), the Democratic National Committee, and the state parties.
Because federal law says individuals can't give more than $2,700 to a presidential candidate's primary campaign (another $2,700 can be collected for the general election), Clinton's Victory Fund has set up its rules so that the first $2,700 donated goes to her.
The next $33,400 goes to the Democratic National Committee (the maximum allowed for an individual under federal limits) and the remainder is split among 32 state parties to finance federal candidates. The federal limit for each state is $10,000.
So if a large donor gives $356,000 to the Victory Fund, Clinton would directly get less than 1 percent.
If a small donor were to give $3,000, the Clinton campaign would directly get 90 percent.
http://www.politifact.com/truth-o-meter/article/2016/apr/17/fact-checking-april-17-edition-meet-press/
Thinkingabout
(30,058 posts)Is Sanders, her fund raising donated $10,000 to Sanders when he ran for the senate. The Clintons have raised money for down ticket candidates for years, trying to get Democrats elected in order to get progressive ideas passed. I doubt they will stop now. If she has taken $2700 from each person and putting the rest into down ticket candidates then she is following the FEC laws.
CorporatistNation
(2,546 posts)Thinkingabout
(30,058 posts)tandem5
(2,072 posts)roguevalley
(40,656 posts)Demsrule86
(68,454 posts)Politico should have retracted that story though...and you guys never check sources.
TexasBushwhacker
(20,124 posts)Because she stiffed the state campaigns, the Dems don't regain control of the Senate and we don't gain any seats in the House.. That's four more years of gridlock and possible impeachment over violating FEC regulations (and those damn e-mails). This is not smart.
Robbins
(5,066 posts)she will work with republicans when they aren't investigating and trying to impeach her to past corporate friendly bills.and she
will get dems killed In 2018.
Thinkingabout
(30,058 posts)If there has been any stiffing it is by Sanders who was supposed to raise money for down ticket candidates, so far that has been $1,000.
HerbChestnut
(3,649 posts)He sends out fundraising emails for progressive candidates, and they usually get a ton of money as a result. Tim Canova, DWS's primary opponent, is probably the best example. He's raised close to $1 million, much of that coming because of Bernie's emails. There's a bunch of other candidates as well.
Thinkingabout
(30,058 posts)had not raised money for down ticket candidates but Hillary had. Interesting.
HerbChestnut
(3,649 posts)And their platforms became clearer.
Thinkingabout
(30,058 posts)pdsimdars
(6,007 posts)their agaenda anyway.
AzDar
(14,023 posts)polly7
(20,582 posts)tandem5
(2,072 posts)They power the sewing machines! She must be stopped!
EndElectoral
(4,213 posts)I love how HRC supporters will deflect or continually go to "well someone else did the same thing", or "Bernie didn't do it either" rather than address the actual accusation of is this allegation true?
B Calm
(28,762 posts)but came back and defended him during the impeachment. They'll be like me and will wish the Clintons would just fade away to the north-woods of upstate NY.
tandem5
(2,072 posts)they took it down before I could get a screenshot!
pnwmom
(108,951 posts)And it says:
And Josh Schwerin, a spokesman for Clintons campaign, suggested that a handful of key state parties last month received another $700,000 in transfers from the victory fund, and enjoyed other benefits from it that will be detailed in subsequent FEC reports. (The latest reports cover only through the end of March.)
About $4.5 million has already been transferred to state parties and there is an additional $9 million on hand that will be distributed over the coming months as state parties ramp up for the general election, he said in an email. He added that in April, money raised through the HVF has started to be used to fund Democratic coordinated campaigns across the country, which will help strengthen the party and elect Democrats up and down the ballot.
Read more: http://www.politico.com/story/2016/04/clinton-fundraising-leaves-little-for-state-parties-222670#ixzz4AActnb4N
Jitter65
(3,089 posts)pdsimdars
(6,007 posts)Here's a very telling video clips from one of their debates.
Just a reminder of who she is and who Bernie is.
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