Candidates for president offered the first detailed look at their campaign finances yesterday, the deadline for filing second quarter reports to the Federal Election Commission.
“Hillary Clinton’s first quarter in the race was defined by early, smart investments aimed at building a strong foundation for our campaign”, spokesman Josh Schwerin said in a statement.
Republican Jeb Bush had less success among the bosses, but still convinced at least 500 of them to donate a total of $1.2 million, according to his filing Wednesday.
“It’s pretty clear that the super PACs are playing an unprecedented role”, said Michael Malbin, executive director of the nonpartisan Campaign Finance Institute, which tracks political contributions. But the Super PAC affiliated with his campaign has raised more than $100-million.
Explaining why he favors many, rather than one, he said, “My money gives them the ability to be heard by others”.
Dominating the cash haul are Clinton and Bush. No candidate did as well as Sanders in generating money from a broad array of small donors – his campaign said he had 284,000 individual donors whose average contribution was just $35.
These and other powerful outside groups account for about two-thirds of the roughly $400 million raised so far for the presidential election, according to an Associated Press tally of FEC documents and financial totals provided by the groups that haven’t yet reported. By now, it has been announced by the campaign that it has raised $45 million, however a new campaign finance report has revealed about the campaign’s haul. To the extent that donations are a measure of support, this doesn’t bode well for The Donald, despite the fact that he has outperformed many of his rivals in recent polls. In each case, the fundraising for the outside groups helping them is outpacing the fundraising for their own campaigns. A more complete snapshot will be available when those totals come in two weeks, and we expect to learn that Bush’s Super PAC has raised $103 million. Her campaign aides headlined a number of other fundraisers. Every candidate has many more supporters than donors, and it’s the votes that count in the end. Ted Cruz, and in front of the rest of the GOP pack. In total, Clinton raised more than $46 million from more than 250,000 contributors.
These superPACs aren’t constrained by donation limits (like campaigns are) and can still run ads in support of particular candidates.
Hillary Clinton’s campaign spent $18.7 million since its launch on expenses ranging from payroll to voter files and office furniture, as the Democratic frontrunner sought to build a huge national operation that includes staff in all 50 states, Time reports. More than 76% of the money Sanders received in individual contributions came in small amounts.
Bernie Sanders is positioned extraordinarily well to do just that: 76% of his donations are under $200. There was also $31,518.86 spent with United Airlines, $42,397.98 with Delta Airlines, $ 24,381.30 with US Airways, $22,640.80 with American Airlines, $6,994.54 with JetBlue, $8,699.01 with SouthWest.
“Those numbers prove that Paul has raw grassroots support nationwide, and hardworking people who aren’t part of the permanent political class – the folks who can’t max out in thousands of dollars of donations to various political candidates – are doing whatever they can to help him out”, wrote Matthew Boyle, an investigative reporter at Breitbart.