Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Avalux

(35,015 posts)
Thu Jul 16, 2015, 02:58 PM Jul 2015

Wealthy Donors and Lobbyist Bundlers are Largely Bankrolling Hillary's Campaign

The bulk of Clinton's campaign funds came from an elite, wealthy class of donors—those who can afford to give the maximum donation. In 2014, roughly 0.04 percent of Americans made the maximum donation for a primary campaign of $2,600 (adjusted to $2,700 in this election cycle). Bush's campaign raised more than 80 percent of its cash from this upper-crust of donors, and Clinton raised 64 percent. Clinton may well have had 250,000 donors—but just 11,400 of them accounted for almost two-thirds of her total fundraising.

Clinton also got a big boost from her bundlers—supporters who tap their personal and professional networks to amass donations for the campaign. Candidates are only required to list the names of registered lobbyists who have bundled for them, and Clinton did go above and beyond that by releasing on her website the names of 122 people who had raised $100,000 or more for her campaign. With much less fanfare, she also disclosed to the Federal Election Commission the names of 40 registered lobbyists who bundled just over $2 million for her campaign.

The top lobbyist bundling for Clinton was Jackson Dunn, who represents Mastercard, Dow Chemical, Pepsico, and Noble Energy, a Houston-based oil and gas company. Dunn bundled more than $231,000 for the campaign. He wasn't the only lobbyist with ties to the oil and gas sector who went to work fundraising for Clinton. Lobbyist Ankit Desai, who works for natural gas company Cheniere, raised $82,000. Theresa Fariello, of ExxonMobil, raised $21,200 for the campaign.

http://www.motherjones.com/politics/2015/07/hillary-clinton-fundraising-bundlers-lobbyists

I believe it's been said here that Hillary's obscene amount of campaign cash mostly come from small donors. For once and for all it's not true, so quit promoting a lie.

16 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

onehandle

(51,122 posts)
9. The majority of votes are coming from them to win the primary.
Thu Jul 16, 2015, 06:57 PM
Jul 2015

And then I hope Hillary is flush as Hell for the GE so that she can win us back the Senate as well.

 

London Lover Man

(371 posts)
13. Clinton still won't be able to win.
Thu Jul 16, 2015, 07:13 PM
Jul 2015

'Course I have to get stinking drunk to vote for Clinton in the GE, but Bernie has my vote in the primaries.

 

Snotcicles

(9,089 posts)
4. Notice how they are careful not to say, 90% or their donations come from small individual donations?
Thu Jul 16, 2015, 05:14 PM
Jul 2015

madokie

(51,076 posts)
10. We've been beat about the head and shoulders
Thu Jul 16, 2015, 07:10 PM
Jul 2015

these last past two days with an absurd claim that only 3.4% of her donations are from big moneyed interest.

DanTex

(20,709 posts)
14. You'll be glad (well maybe not you, but most Dems) that we have a candidate capable of fundraising
Thu Jul 16, 2015, 07:26 PM
Jul 2015

when it comes to the GE.

 

L0oniX

(31,493 posts)
15. The 1% loves her with no expectations of any paybacks.
Thu Jul 16, 2015, 07:41 PM
Jul 2015

Maybe she will join Sanders and McCain to help reinstall Glass Steagall ...that will really make her buddies happy too.

Latest Discussions»Retired Forums»2016 Postmortem»Wealthy Donors and Lobbyi...