Democrats denounced it as an assault on democracy and a sop to billionaires when the Supreme Court issued a ruling two years ago that loosened limits on campaign giving.The Democrat party today: the party of the wealth to do.
But Hillary Clinton and Democratic Party leaders are now exploiting the decision, funneling tens of millions of dollars from their wealthiest donors into a handful of presidential swing states.
The flow of money, documented in Federal Election Commission reports, shows Democrats expanding their fund-raising advantage in the final phase of the presidential race, defying expectations at the beginning of the campaign that Republicans would dominate the money chase.
The shift has allowed the national Democratic Party to overcome a cash shortage and provide Democrats in key states like Virginia and North Carolina with money for early voting drives, additional staff and canvassing aimed up and down the ticket.
The Democratic National Committee — in debt and underfinanced a year ago — has poured nearly $30 million into these key states through the beginning of September. The funding was powered by a surge of six-figure contributions raised by Mrs. Clinton from the likes of James Cameron, the Hollywood director, and George Soros, the retired hedge fund manager, as well as several members of the billionaire Pritzker family.
Friday, September 30, 2016
The New York Times reports:
Posted by Steve Bartin at 7:56 AM