Broken Promises: 99% of Hillary Victory Funds Never Benefited State Parties

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By Gaius Publius | Before Its News

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According to Politico, of the $60 million raised by and for the Hillary Victory Fund, a PAC jointly controlled by the Hillary Clinton campaign and the DNC, less than 1% of the money raised ended up benefiting state Democratic parties.

Why does this matter? Because Clinton has been touting from day one, it seems, that she's been raising money for the party as well as for herself, and the media, even after stories like this, by actor and activist Margot Kidder, started coming out, has been taking her at her word, allowing the assertion to go unchallenged, even when the facts were at hand.

I've been calling the Hillary Victory fund a “kickback scheme.” Others have called it money-laundering. Full explanation of how the transfers work is here.

Now Politico tells the tale, and includes some numbers to give you a sense of the scale of the operation and just how badly the state parties are getting screwed (my emphasis):

Clinton fundraising leaves little for state partiesThe Democratic front-runner says she's raising big checks to help state committees, but they've gotten to keep only 1 percent of the $60 million raised.

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 set-up 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 at 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 towards 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.

First, note the numbers. The scheme allowed each Clinton donor to circumvent limits on contributions to Clinton herself by donating also the Hillary Victory Fund (HVF), twice in fact, once in 2015 and again in 2016. Kidder explains that

a single donor, by giving 10,000 dollars a year to each signatory state could legally give an extra $330,000 a year for two years to the Hillary Victory Fund. For each donor, this raised their individual legal cap on the Presidential campaign to $660,000 if given in both 2015 and 2016. And to one million, three hundred and 20 thousand dollars if an equal amount were also donated in their spouse’s name.From these large amounts of money being transferred from state coffers to the Hillary Victory Fund in Washington, the Clinton campaign got the first $2,700, the DNC was to get the next $33,400, and the remainder was to be split among the 33 signatory states. With this scheme, the Hillary Victory Fund raised over $26 million for the Clinton Campaign by the end of 2015.

But it never ended up working that way, and to all appearances, by design. As Politico explains above, the states almost immediately transferred nearly 100% — 88%, to be exact — of their portion back to the DNC.

[Read more here]

Originally entitled: “Politico: Less than 1% of the Hillary Victory Fund Benefited State Parties”

 

Robert O'Leary 150x150Robert O’Leary, JD BARA, has had an abiding interest in alternative health products & modalities since the early 1970’s & he has seen how they have made people go from lacking health to vibrant health. He became an attorney, singer-songwriter, martial artist & father along the way and brings that experience to his practice as a BioAcoustic Soundhealth Practitioner, under the tutelage of the award-winning founder of BioAcoustic Biology, Sharry Edwards, whose Institute of BioAcoustic Biology has now been serving clients for 30 years with a non-invasive & safe integrative modality that supports the body’s ability to self-heal using the power of the human voice. Robert brings this modality to serve clients in Greater Springfield (MA), New England & “virtually” the world, with his website, www.romayasoundhealthandbeauty.com. He can also be reached at romayasoundhealthandbeauty@gmail.com


 

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10 Reader Comments

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  1. 10204934941365137@facebook.com' Otis N. Pete Wilton says:

    B-b-but look at all she’s done for blah, blah, blah… Umm… HERSELF?!

  2. 908161092640061@facebook.com' George Perez says:

    That’s what I mean folks.

  3. 10209047465407728@facebook.com' Ellyn Parker-Neal says:

    And?? She’s Hillary, folks! Check the records…they (Clintons) leave dead people in their wake! Fool me once…SMH

  4. 10209640348305229@facebook.com' Gabbee Munroe says:

    Q

  5. 10153625341316984@facebook.com' David Clark says:

    Good luck America. You’re going to need it…

  6. 845165115606697@facebook.com' April Goss says:

    So is anyone surprised? This country is doomed if we have to choose between Clinton and Trump, doomed.

  7. 591058074403734@facebook.com' Von Bettenbrock says:

    Well, this is just wrong, Crooked Killary wouldn’t be involved with something so deceiving, says the women who will vote for her, Why? Cause she is a woman

  8. 1722222364727322@facebook.com' Anna Lisa Teetee Davis says:

    Don’t give a rat ass

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