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Home Front: Politix
Hillary facing a funding gap; will have to rely on PACs
2015-08-20
mostly sympathetic article but did have some nuggets like
Numerous donors said in interviews that to avoid the potential reputational taint of a much bigger gift to a group like Priorities USA Action, they preferred the longstanding practice of bundling, or gathering wealthy friends to make traditional contributions to Mrs. Clinton's campaign. The 2016 limit is $5,400 for the primary and general elections.

"There are people who don't like giving to super PACs," said Thomas R. Nides, a friend and former aide to Mrs. Clinton at the State Department who is vice chairman at Morgan Stanley. "But be clear ‐ if we have any shot in real campaign finance reform, we need to get her elected."

(One option if Clinton donors continue to refrain from giving to Priorities USA Action would be to establish an affiliated nonprofit group to which contributions could remain anonymous. Doing so, though, would exploit a loophole that is "obviously much worse" than a super PAC, said Lawrence Lessig, a Harvard professor who is exploring a Democratic run for president on a single issue: campaign finance reform. Priorities USA Action already was criticized for accepting $1 million from another liberal group which in turn gets its money from two nonprofits whose sources of funding were not disclosed.)...

To bridge the divide between her campaign message and the need to raise enormous sums, Mrs. Clinton tells donors that the only way to overturn the Citizens United ruling and do away with super PACs is to elect a Democrat. "We can't unilaterally disarm," she often says, sounding a refrain long heard from politicians promising to overhaul the campaign finance system, including Mr. Obama in 2012.
Posted by:lord garth

#7  She's so hip, she can say osteonecrosis in three slurs or less.
Posted by: swksvolFF   2015-08-20 17:27  

#6  "But be clear ‐ if we have any shot in real campaign finance reform, we need to get her elected."

Huh? From the woman who approved putting 20% of our Uranium production under the control of the Russians in exchange for a pittance of a donation to her foundation?
Posted by: gorb   2015-08-20 11:46  

#5  Another thought: as I recall, last time her campaign owed significant debts, and so the brand new Secretary of State had to do some serious fundraising to cover the shortfall. Given her demonstrated money management skills, what odds she will find herself in a similar situation this time?
Posted by: trailing wife   2015-08-20 10:54  

#4  But when she stops campaigning, does she get to keep the money in the PACs the way she gets to keep the money in her campaign fund? I suspect not.
Posted by: trailing wife   2015-08-20 10:51  

#3  Well, considering 99% of her current funding comes from PACs and Soros I don't think this will be much of a loss for her.
Posted by: DarthVader   2015-08-20 10:06  

#2  This was suppose to be a money making tour. I guess her paying audience became 'more selective'.
Posted by: Procopius2k   2015-08-20 09:35  

#1  She hasn't accepted PAC money because of deep personal priciples. And she you don't like those principles, she has others she can use.
Posted by: ed in texas   2015-08-20 09:30  

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