Less than 1% of Clinton’s “shared” Funds go to State, Local Races


Hillary Clinton’s 2016 presidential campaign has been a curious case study for political scientists.  Never has there been so presumptive of a (non-incumbant) nominee with such little voter enthusiasm behind them.

Clinton’s support has been so astoundingly tepid, that the candidate’s Super PAC recently paid over $1 million for a troll army to create fake social media enthusiasm for her.  Apparently the Clinton campaign and their Super PACs have plenty of money to spend — albeit at the expense of state and local campaigns.

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.

The venture, the Hillary Victory Fund, is a so-called joint fundraising committee comprised of Clinton’s presidential campaign, the Democratic National Committee and 32 state party committees. The setup allows Clinton to solicit checks of $350,000 or more from her super-rich supporters at extravagant fundraisers including a dinner at George Clooney’s house and a concert at Radio City Music Hall featuring Katy Perry and Elton John.

The victory fund has transferred $3.8 million to the state parties, but almost all of that cash ($3.3 million, or 88 percent) was quickly transferred to the DNC, usually within a day or two, by the Clinton staffer who controls the committee, POLITICO’s analysis of the FEC records found.

By contrast, the victory fund has transferred $15.4 million to Clinton’s campaign and $5.7 million to the DNC, which will work closely with Clinton’s campaign if and when she becomes the party’s nominee. And most of the $23.3 million spent directly by the victory fund has gone toward expenses that appear to have directly benefited Clinton’s campaign, including $2.8 million for “salary and overhead” and $8.6 million for web advertising that mostly looks indistinguishable from Clinton campaign ads and that has helped Clinton build a network of small donors who will be critical in a general election expected to cost each side well in excess of $1 billion.

The arrangement has sparked concerns among campaign finance watchdogs and allies of Clinton’s Democratic rival Bernie Sanders. They see it as a circumvention of campaign contribution limits by a national party apparatus intent on doing whatever it takes to help Clinton defeat Sanders during the party’s primary, and then win the White House.

Bernie Sanders is not the only person concerned about the disparate amounts of money filling the Clinton campaign’s coffers.  Democrats running for the House, Senate, governor seats, and local elections could really feel the effects of Clinton’s ravenous appetite for funding come election day.

Source: Politico



Share

7 Comments

Leave a Reply

Pin It on Pinterest