General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIf Hillary doesnt run,what happens to all the money she is soliciting ?
from my point of view Hillary is the same as Charlie Crist and I cant trust or vote for either of them.
but I have to wonder what happens to all the money she is raising in her "book tour" campaign stops.
before anyone says "oh jeepers....its a book tour not a campaign run" this is what she is touring in
so what happens to the money if (oh please merciful god/ess make it so ) she doesn't run?
ETA: for clarity
I am referring to the monies raised by political orgs and pacs I am in no way referring to her book sales the bus illustrates the coordination of these PACs with the book tour to raise monies for the PACs
I repeat this is not about book revenues
dsc
(52,155 posts)as to the money the outside groups are raising, I haven't a clue.
SwampG8r
(10,287 posts)I always wonder where the money went
dsc
(52,155 posts)and frankly may have very little accountability for how that money is spent. I honestly don't know.
Evergreen Emerald
(13,069 posts)She is not touring on that bus. Were she to be campaigning, there would be all sorts of laws governing the intake of funds.
She has not announced a campaign, and is therefore not earning money for her campaign. That bus belongs to a movement--a superpak, of which she is not involved.
Liberal_Stalwart71
(20,450 posts)to Hillary's foundation? To pay off her debts? Mark Penn? Where does it go?
Evergreen Emerald
(13,069 posts)"Few rules control super PAC donations after a candidate withdraws from a race"
hrmjustin
(71,265 posts)HooptieWagon
(17,064 posts)... and then withdraws, she can use the money donated to her campaign for another campaign. If she doesn't enter another campaign, she can keep it.
PAC money can be used for any other campaign on behalf any candidate or issue, but Hillary can't keep it.
SwampG8r
(10,287 posts)everywhere she signs books the bus is
to claim independent action of a superpac dedicated to her election or uncoordinated coincidence insults us both
Romulox
(25,960 posts)FBaggins
(26,727 posts)Surplus campaign funds can be donated to charity... or given to the party... or to individual candidates (with the standard limits).
This assumes that she's soliciting campaign funds (something I'm not aware of).
If the funds you're talking about are actually the sales from her book... then you deciding that it's really a campaign doesn't make it so... that's her money.
SwampG8r
(10,287 posts)FBaggins
(26,727 posts)A PAC's existence (and expenditures) are not related to whether a candidate is in or out of a race. If she decides not to run, the PAC can spend the funds on the same things that they would otherwise spend them on. Usually, the documents that created the PAC specify that.
And no... she's no "touring in" that bus. It's following her around - which a PAC soliciting her candidacy is certainly allowed to do.
William769
(55,144 posts)But it does say a lot about your motive.
I guess desperation is in the air.
bigtree
(85,984 posts)from RFH:
A grass-roots super PAC may seem an oxymoron: such groups can raise and spend unlimited amounts of money on political races as long as they do not coordinate with a candidate. But rather than invest in expensive television ads, Ready for Hillary puts all of its donations into building its email list of supporters.
For every $25,0000 the group raises, it cuts a payment to Rising Tide Interactive, a firm that helps build online lists of supporters. A social media tool on the website will allow supporters to work together to organize to plan rallies and small-dollar fund-raising events. With no candidate and over a year before a potential campaign, Ready for Hillary has roughly a million names on its email list, about half the size of the Hillary for President campaign list at the time Mrs. Clinton suspended her campaign in 2008.
Its not our job to be a campaign and its not our job to make decisions to tie any potential candidates hands, said Craig T. Smith, an aide in the administration of President Bill Clinton and senior adviser to Ready for Hillary. The goal is to build a list.
from WaPo:
Ready for Hillary has spent at least $4.86 million since it formed in April 2013, according to data collected by the Center for Responsive Politics. And yes, the 2016 presidential election is still two years away.
The super PAC (or hybrid PAC -- as Politico reported, Ready for Hillary can now make donations to political candidates as well as collect unlimited contributions) spent more than $1.5 million between January 1, 2014, and March 31, 2014, according to their April 15 Federal Election Commission report. They raised about $1.7 million. Ready for Hillary spent more than $700,000 on salary and wages since starting, and has 26 staffers at this point.
None of the money they have spent went toward the independent expenditures that are usually a super PAC's bread and butter. Ready for Hillary is doing something a little different. They aren't trying to attack Clinton opponents. No one has declared their candidacy in either the Democratic or Republican primaries, so helping Clinton in the polls is simply a hypothetical exercise at this point. Because Ready for Hillary is a new invention as far as post-Citizens United election law goes, it's hard to assess how successful it is. There's nothing to compare it to.
Ready for Hillary has rented out the Hillary email list from her 2008 campaign to use for fundraising appeals to great success.
Since Clinton is not a candidate, that's legal according to current Federal Election Commission rules -- although Stop Hillary PAC filed a FEC complaint against the move. If Hillary decides to run however, Ready for Hillary wouldn't be able to give her or any exploratory committee she formed the list as a gift for announcing. Even though Ready for Hillary is a hybrid PAC, the value of the list would far exceed the limit they can donate $5,000.
"However, the 2016 campaign could rent or purchase the list from RFH, so long as the campaign pays fair market value which can be difficult to determine (leaving campaigns with significant leeway)," writes Daniel Weiner, counsel at the Brennan Center for Justice in an email.
11 Bravo
(23,926 posts)for your staunch support of Democratic candidates running for office.
Beacool
(30,247 posts)SwampG8r
(10,287 posts)what other dem candidates have I spoken of?
and in what reverse reality is crist a dem?
William769
(55,144 posts)Living under the Scott Tyranny has been unbearable! Christ is a man if integrity and I actually had no problem with him when he was our Governor as a Republican considering what he replaced.
I believe he will make a excellent Governor as a Democrat for the State of Florida & bring back sanity to us.
SwampG8r
(10,287 posts)when he is our best choice.
given the way Meek was treated here I expect GOP Charlie to get a rousing reception
at least the state party has realized a fake republican wont get elected and have opted to run a real one
Beacool
(30,247 posts)She is not a candidate. You must be referring to several PACs that are raising funds.
BTW, if you going to expand on how much you dislike Hillary, at least try to get your facts straight. Hillary is not riding on that bus. She travels in SS approved SUVs.
Ahhh, the nonsense never ends........
Demsrule86
(68,539 posts)I for one will vote for whoever is the Democratic nominee because it is unthinkable to allow any of the GOP clowns to win. I like Hillary and would happily vote for her...she is more liberal than her husband ...but not as liberal as me...I love Bernie and Elizabeth Warren , but Bernie can't win and Elizabeth won't run this time. If the only reason is the courts or to stop the GOP from getting rid of Obamacare that is reason enough...you want a liberal president ...get out and vote in the mid-terms and give a Dem president the gift of a Democratic congress.
dembotoz
(16,796 posts)mylye2222
(2,992 posts)After 2004? John Kerry has kept his extra money, and founded his own PAC, "Keep America's Promise". All of this was all regiven to various Dem campaigns accross the nation, in the 2006 midterms elections.