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Hillary Clinton starts to rake in the cash
It took a year, but Hillary Clinton finally seems to be building momentum as the Democratic nominee for president. That includes a gusher of money starting to flow her way.
Victories in the final week of state primary elections finally gave Clinton enough delegates to make her the de facto Democratic nominee, facing off against Republican counterpart Donald Trump. And almost immediately, Clinton won one of the most coveted endorsements in politics: Billionaire hedge-fund manager Tom Steyer, the most prolific Democratic donor of recent times.
Steyer donated $73 million to candidates in the 2014 midterms, most of it through his own super PAC, NextGen Climate Action. For the 2016 cycle, he's donated $13 million so far. Steyer is a devout environmentalist who mostly spends his money campaigning against Republicans who dispute the effects of climate change and the need for solutions. Steyer didn’t say how much he’d be willing to spend on Clinton, but his endorsement suggests he may contribute more than if he were merely supporting the Democratic cause generally.
Clinton already has a sizable funding advantage over Trump. Between her campaign and various super PACs supporting her, Clinton had more than $80 million on hand at the end of April. Trump had just a couple million. Trump has self-financed about 75% of his campaign up till now, but even billionaire Trump has nowhere near the liquid assets to fund a battle with a candidate who could easily raise $1 billion, when super PACs and other sources are combined.
Victories in the final week of state primary elections finally gave Clinton enough delegates to make her the de facto Democratic nominee, facing off against Republican counterpart Donald Trump. And almost immediately, Clinton won one of the most coveted endorsements in politics: Billionaire hedge-fund manager Tom Steyer, the most prolific Democratic donor of recent times.
Steyer donated $73 million to candidates in the 2014 midterms, most of it through his own super PAC, NextGen Climate Action. For the 2016 cycle, he's donated $13 million so far. Steyer is a devout environmentalist who mostly spends his money campaigning against Republicans who dispute the effects of climate change and the need for solutions. Steyer didn’t say how much he’d be willing to spend on Clinton, but his endorsement suggests he may contribute more than if he were merely supporting the Democratic cause generally.
Clinton already has a sizable funding advantage over Trump. Between her campaign and various super PACs supporting her, Clinton had more than $80 million on hand at the end of April. Trump had just a couple million. Trump has self-financed about 75% of his campaign up till now, but even billionaire Trump has nowhere near the liquid assets to fund a battle with a candidate who could easily raise $1 billion, when super PACs and other sources are combined.
http://finance.yahoo.com/news/hillary-clinton-donald-trump-fundraising-gap-205542050.html
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Of course the Berners will criticize her for this but any Dem candidate has to have a boatload of money to level the playing field with Trump and the GOP. That's the reality of a Presidential campaign in the year 2016. I am happy to hear the money is coming in. We cant win without it.
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