Politics 4 the Civil Minded -  Is it 2020 yet? (34745 views) Notify me whenever anyone posts in this discussion.Subscribe
From: ElDotardo DelphiPlus Member Icon1/4/19 5:33 PM 
To: DofNY  (1004 of 2877) 
 18843.1004 in reply to 18843.1003 


Elizabeth Warren’s Money Game

She collects cash, then demands her opponents disavow the methods she used.

Sen. Elizabeth Warren speaks to reporters at the Massachusetts Statehouse on Jan. 2.

Sen. Elizabeth Warren built a political career on her reputation as a financial expert. Her prospective presidential opponents are learning how savvy she is, at least when it comes to campaign cash.

Political observers spent this week wondering why the Massachusetts senator rushed to become the first major Democrat to announce for 2020. She made her strategy clear in a Wednesday-night interview with MSNBC’s Rachel Maddow. “This is going to be the fish-or-cut-bait year for the Democrats,” said Ms. Warren, in what was clearly a well-rehearsed declaration. “This is a moment for all of the Democratic nominees . . . to say: In a Democratic primary, we are going to link arms, and we’re going to say ‘grass-roots funding.’ No to the billionaires. No to the billionaires—whether they are self-funding, or whether they are funding PACs. We are the Democratic Party, and that’s the party of the people.”

This may sound laudable, and in keeping with Ms. Warren’s antipathy for plutocrats. It’s also in line with the progressive animus toward “big money,” intensified in 2016 by the Bernie Sanders campaign. All of which masks how useful this approach is to Ms. Warren as she tries to ward off or financially destroy her competition. Not for the first time, she is positioning herself as a campaign-finance purist, even as she attempts to fix the money rules to her advantage.

The immediate goal of planting this new campaign-finance yardstick is to put her competitors in a bind and potentially even dissuade some from running. Her jab at “self-funding” was a clear shot at billionaires Tom Steyer and Michael Bloomberg, both of whom are visiting primary states. Ms. Warren wants them to know that she will mobilize her progressive base to oppose them on principle.


But it was equally a warning to any well-connected contenders that she will hold them to a no-super-PAC standard. Such political-action committees—technically separate from campaigns, yet run by trusted advisers—are free to raise unlimited sums and are beloved even by Democrats who claim to hate “big money.” Barack Obama embraced them. Hillary Clinton’s 2016 super PAC raised tens of millions.

And there is no question that the likes of Sens. Cory Booker, Kamala Harris and Kirsten Gillibrand are planning to use their networks of Wall Street bankers and Silicon Valley entrepreneurs to help float their primary runs. Ms. Warren intends to make any seven-figure check a political liability. She’s practically daring “Middle Class Joe” Biden to raise a few Delaware banking dollars—and face the backlash.

Such money strictures would suit Ms. Warren, since she already has a bankroll—thanks to a different kind of fundraising operation she set up in 2017, at the beginning of her Senate re-election race. As a candidate, Ms. Warren is limited in the amount anyone can donate to her. But the Elizabeth Warren Action Fund is a joint fundraising vehicle with the Massachusetts Democratic State Committee and her own PAC. That allows wealthy admirers to write six-figure checks. Plenty did, including bankers and tort lawyers. According to campaign-finance records, Ms. Warren’s fund raised $4.9 million during the 2018 cycle and transferred the vast majority of it to her official Senate campaign.

Ms. Warren overall hauled in $25 million for that Senate race, despite facing little competition. This left her $12.5 million, which the law conveniently allows her to transfer to her presidential primary campaign. And this week her office quietly (and conveniently) announced it was dismantling that joint fundraising
...[Message truncated]

 Reply   Options 

From: RRBud1/4/19 5:55 PM 
To: ElDotardo DelphiPlus Member Icon  (1005 of 2877) 
 18843.1005 in reply to 18843.1004 
Yeah, this crop of Democraps appears to be a real scream.

From: DofNY1/4/19 6:25 PM 
To: ElDotardo DelphiPlus Member Icon  (1006 of 2877) 
 18843.1006 in reply to 18843.1001 

Saw that and she's thanking the hubby for being there because he obviously didn't want to do the promo.  He definitely does NOT want to be First Man. lol


From: DofNY1/4/19 6:27 PM 
To: ElDotardo DelphiPlus Member Icon  (1007 of 2877) 
 18843.1007 in reply to 18843.1003 

Translation:  WoC are great and all but I'm gonna totally through you under the bus for the white man.  No jumping over the step of getting a white woman before letting WoC be considered.  Dems are racist af.


From: DofNY1/4/19 6:46 PM 
To: RRBud  (1008 of 2877) 
 18843.1008 in reply to 18843.1005 

Keep that popcorn handy!  It's already entertaining.




From: RRBud1/5/19 1:54 PM 
To: DofNY  (1009 of 2877) 
 18843.1009 in reply to 18843.1007 
You understate their racism.

From: DofNY1/5/19 3:41 PM 
To: RRBud  (1010 of 2877) 
 18843.1010 in reply to 18843.1009 

I do indeed!

And through?  How did throw become through?  I must have been some kind of tired yesterday.


From: ElDotardo DelphiPlus Member Icon1/5/19 4:36 PM 
To: DofNY  (1011 of 2877) 
 18843.1011 in reply to 18843.1010 


From: ElDotardo DelphiPlus Member Icon1/5/19 4:37 PM 
To: All  (1012 of 2877) 
 18843.1012 in reply to 18843.1011 

Maybe I've had enough wine, but this just cracked me up . . .



From: ElDotardo DelphiPlus Member Icon1/5/19 4:40 PM 
To: All  (1013 of 2877) 
 18843.1013 in reply to 18843.1012 

Navigate this discussion: 1-3 4-13 14-23 ... 984-993 994-1003 1004-1013 1014-1023 1024-1033 ... 2854-2863 2864-2873 2874-2877
Adjust text size:

Welcome, guest! Get more out of Delphi Forums by logging in.

New to Delphi Forums? You can log in with your Facebook, Twitter, or Google account or use the New Member Login option and log in with any email address.

Home | Help | Forums | Chat | Blogs | Privacy Policy | Terms of Service
© Delphi Forums LLC All rights reserved.