2016 Postmortem
Related: About this forumWP: Sanders is biggest spender of 2016 so far — generating millions for consultants
The small-dollar fundraising juggernaut that has kept Bernie Sanderss insurgent White House bid afloat far longer than anticipated has generated another unexpected impact: a financial windfall for his team of Washington consultants.
By the end of March, the self-described democratic socialist senator from Vermont had spent nearly $166 million on his campaign more than any other 2016 presidential contender, including rival Hillary Clinton. More than $91 million went to a small group of ad makers and media buyers who produced a swarm of commercials and placed them on television, radio and online, according to a Washington Post analysis of Federal Election Commission reports.
While the vast majority of that money was passed along to television stations and websites to pay for the advertising, millions in fees were kept by the companies, The Post calculated. While it is impossible to determine precisely how much the top consultants have earned, FEC filings indicate the top three media firms have reaped payments of seven figures.
Sanderss money blitz, fueled by a $27 average donation that he repeatedly touts, has improbably made the anti-billionaire populist the biggest spender so far in the election cycle. The campaigns wealth has been a surprising boon for vendors across the county who signed on to his long-shot bid.
https://www.washingtonpost.com/politics/sanders-is-biggest-spender-of-2016-so-far--generating-millions-for-consultants/2016/04/28/600170ce-0cf2-11e6-a6b6-2e6de3695b0e_story.html
Buzz Clik
(38,437 posts)workinclasszero
(28,270 posts)WTG Bernie?
He does have a lot of 1%er fans though...
alcibiades_mystery
(36,437 posts)Armstead
(47,803 posts)You get what you pay for, and me and millions of others wanted value for our money.
alcibiades_mystery
(36,437 posts)virtualobserver
(8,760 posts)Money well spent.
CorkySt.Clair
(1,507 posts)NurseJackie
(42,862 posts)... bookkeepers and lawyers that can get his FEC paperwork filled accurately and in a timely manner.
savalez
(3,517 posts)think
(11,641 posts)stopbush
(24,396 posts)Unlike Sanders, Hillary IS raising significant money for the down-ticket races.
On the other hand, that Nurses PAC has been spending money supporting Sanders.
Armstead
(47,803 posts)nc4bo
(17,651 posts)think
(11,641 posts)So far the money isn't reaching the candidates. It's promoting the Victory Fund by spending millions with Hillary's logo attached to promote the fund and then taking in less in donations than was spent on the promotion.
When Bernie helps a candidate raise money it goes stright to the candidate no strings attached:
http://mynews4.com/news/local/lucy-flores-reports-windfall-after-help-from-bernie-sanders
Hillary on the other hand is utilizing her Victory Fund to her advantage and the candidates will have to wait to see what's left.
By Matea Gold and Tom Hamburger February 20 2016
~Snip~
A record 32 state parties signed on to the fund, allowing the committee to solicit donations 130 times greater than what a supporter can give to Clintons campaign for the primary.
But the states have yet to see a financial windfall. Meanwhile, Clintons campaign has been a major beneficiary, getting an infusion of low-dollar contributions through the committee at a time when rival Bernie Sanderss army of small donors is helping him close in on her financially. The fund is run by Clinton campaign staff, and its treasurer is Clintons chief operating officer.
~Snip~
The early, expansive use of a jumbo-size joint fundraising committee shows how the Clinton campaign has worked to maximize donations from wealthy supporters, seizing on rules loosened by the Supreme Court.
Many states were wary of joining the effort, worried that such a partnership would be perceived as an endorsement of Clinton and might interfere with their efforts to raise money from home state donors. But campaign officials including Marlon Marshall, Clintons director of state campaigns emphasized that this was a way to strengthen the party at its roots, a message Clinton echoed in the speech she delivered at the Minneapolis meeting to DNC members.
~Snip~
So far, the state parties have served only as a pass-through for their share of the funds. Campaign finance records show that nearly $2 million in donations to the fund initially routed last year to individual state party accounts was immediately transferred to the DNC, which is laboring to pay off millions of dollars in debt.
~Snip~
Ive never seen anything like this, said Lawrence Noble, a former general counsel of the Federal Election Commission (FEC) who is now with the nonpartisan Campaign Legal Center. Joint victory funds are not intended to be separate operating committees that just support a single candidate. But they appear to be turning the traditional notion of a joint committee into a Hillary fundraising committee....
https://www.washingtonpost.com/politics/democratic-party-fundraising-effort-helps-clinton-find-new-donors-too/2016/02/19/b8535cea-d68f-11e5-b195-2e29a4e13425_story.html
robbedvoter
(28,290 posts)So. Much. Purity.
seabeyond
(110,159 posts)Kinda like pretend about getting money out of politics, getting funds from corps, banks, wall street and fracking and oil. You know.... All the lies he has campaigned on. Oh Oh.... here is one.
Agnosticsherbet
(11,619 posts)NurseJackie
(42,862 posts)Downwinder
(12,869 posts)Downwinder
(12,869 posts)savalez
(3,517 posts)Corporate666
(587 posts)...they are no longer useful to him.
But spends a lot of time on the campaign trail spewing venomous hatred for companies who do the same things.
Hypocrisy, thy name is Bernie.
stopbush
(24,396 posts)in essence trying to buy the nomination.
He doesn't establish a ground game. He doesn't build any relationships with the D party or with voters. He holds mega-rallies that are a one-way street when it comes to communicating with voters (a speech is never a conversation), and he floods the airwaves with a volume of TV ads that would make a super pac blush.
And what does he have to show for it? 300+ fewer delegates than Hillary, 3-million fewer votes than Hillary and a war room full of well-paid political consultants living off the hard-to-come-by cash flowing from a bunch of college kids.
Some fucking revolution, no?
Armstead
(47,803 posts)after starting with nothing. And running against an entrenched, well-oiled, well financed Corporate Political Machine.
Nothing to sneeze at.
workinclasszero
(28,270 posts)No...indeed.
JCanete
(5,272 posts)Sanders has no super pacs. The people are trying to buy our government back by donating what we can, since that's the system we live in. Without money there's no visibility, unless the rich institutions provide the lift, and Bernie isn't accepting support with strings attached. There is no other path, and don't pretend that what Sanders has been railing against is candidates using money donated for the express purpose of promoting their campaigns, because you know damn well what he's objecting to is who they are taking the money from and what that means about who's interests they have at heart.
You are pretending that Washington is different than it is. You can't just "have a conversation" with people who are bought, whether they are only a little bought or are wholly owned subsidiaries. They are working within the system and have a vested interest in maintaining that system. They aren't going to help expose it because either they like it or would be incriminated by it, or would lose the insider status and coalitions that they've worked so hard to establish for the sake of "incremental change."
Yes, if Sanders wants to continue to make changes to things at the edges, this is the way to do it, which is what he's been doing for decades as "the amendment king." He does and has worked with both parties, but the big stuff never changes for the better, and in fact, it's all gotten a whole lot worse.
Given that both parties have buried the issues most important to me, and never talk about money in politics, there is nothing better Bernie could be using the money we've given him for than to make his case, and to do it highly visibly. His is a new way for politicians to talk, and would you look at that, you can actually give an establishment candidate a run for her money while you acknowledge the real illnesses in our society.
You're right, a non-establishment candidate who the media has tried to make illegitimate at every turn has come within 3 million votes of a Clinton, on small $27 dollar contributions at that. But you just keep doing your part to make sure the revolution doesn't happen and that the status quo isn't disrupted, and then laugh at how Bernie isn't the one to usher it in, as if you and those like you ever wanted there to be one.
JaneyVee
(19,877 posts)JCanete
(5,272 posts)Surya Gayatri
(15,445 posts)NurseJackie
(42,862 posts)mikehiggins
(5,614 posts)"according to a Washington Post analysis"
"The Post calculated"
"impossible to determine precisely"
"FEC filings indicate"
"surprising boon for vendors"
"long-shot bid."
Sort of a collection of weasel words. Why do they care? Or do they, really?
Things like this, across the board, are a large part of the reason this is "a long-shot bid"
Let's try another slant...Sanders supporters put up and don't intend to shut up.
It's our money, dude, and if we send what we can afford to Sanders its our business.
Your concern is duly noted.
stopbush
(24,396 posts)but when they come to write their story, they don't assert things as facts if they can't nail them down. A bit of info that has been corroborated by only one source may end up being presented through what you call weasel words, especially if that bit of info aligns with the basic narrative of the story being reported.
BTW - the "concern" isn't mine. I didn't write the article, so don't make it about me. I have no problem with you collectively paying Tad Devine $800,000 a month. I'd rather see that money going to him than being spent on a few more ads or GOTV efforts that might have changed some of those close Sanders defeats into wins for him.
KPN
(15,645 posts)Can you believe that? Hillarians criticizing Bernie for spending Berners' money to win an election ... oh, and enrich the already wealthy too by the way.
These people (Hillarians) just can't help themselves. Their authoritarian bent just won't let them be gracious in the face of any challenge whatsoever. To criticize Bernie for spending our money to get elected is the height of hypocrisy -- they all would rather let the wealthy fund elections and keep their hard earned money in their own pockets, much like they've done with Hillary, apparently. Oh, some of them have contributed to her campaign no doubt, but they have absolutely no problem with her SuperPacs and reliance on/buddying up with big money and Wall Street donors. Too much!!!! Lol!!!
I dunno, for a bunch of people who call themselves Democrats, they sure don't seem like it to me.
B Calm
(28,762 posts)Response to B Calm (Reply #18)
stopbush This message was self-deleted by its author.
B Calm
(28,762 posts)nc4bo
(17,651 posts)KPN
(15,645 posts)stopbush
(24,396 posts)I'd explain it to you, but if it isn't already apparent, no amount of 'splainin' will help.
KPN
(15,645 posts)the reams of them following the same thread you posted in the Hillary group.
Nice try, but you don't wiggle away that easy. You folks are exactly what you are, you can't escape that.
texstad79
(115 posts)kennetha
(3,666 posts)while taking him down to defeat.
The large profits stem in part from the fact that no one in Sanderss campaign imagined he would generate such enormous financial support. So unlike Clinton, he did not cap how much his consultants could earn in commissions from what was expected to be a bare-bones operation, according to campaign officials.
That has meant big payouts for the firm of senior strategist Tad Devine, which has produced the bulk of the campaigns ads; Old Towne Media, a small media placement operation run by two of Devines longtime buyers; and Revolution Messaging, a digital firm led by veterans of President Obamas 2008 campaign.
nc4bo
(17,651 posts)Jitter65
(3,089 posts)kennetha
(3,666 posts)Seems like he got taken to the cleaners, actually:
The large profits stem in part from the fact that no one in Sanderss campaign imagined he would generate such enormous financial support. So unlike Clinton, he did not cap how much his consultants could earn in commissions from what was expected to be a bare-bones operation, according to campaign officials.
That has meant big payouts for the firm of senior strategist Tad Devine, which has produced the bulk of the campaigns ads; Old Towne Media, a small media placement operation run by two of Devines longtime buyers; and Revolution Messaging, a digital firm led by veterans of President Obamas 2008 campaign.
Take away: Never let a socialist negotiate with a capitalist running dog!
nichomachus
(12,754 posts)She never saw a $250,000 check she didn't like.
If she gets into office, they'll have to set up checkout lanes in the East Room. Everything will be for sale.
oasis
(49,387 posts)seabeyond
(110,159 posts)That says it all, no surprise, and consistent with Sanders. Do not do what you preach and lecture.
nichomachus
(12,754 posts)Like Mrs. Clinton does. He has to pay for coverage when he can even get it. Mrs. Clinton have every corporate presstitute banging the drum for her.
frylock
(34,825 posts)Less than a year ago they were convinced that Bernie couldn't raise enough to remain competitive. Now they criticize him for spending it.
kennetha
(3,666 posts)who don't know how to husband and grow their sudden wealth and spend it on lavish campaign consultants who take them for a ride. Case study in that in the Sanders campaign.
frylock
(34,825 posts)How much is Mook pulling?
dionysus
(26,467 posts)Hillary they say the darnedest things...