Over the last couple of months, $83 million dollars have been “Transferred” between different PACs. As we have mentioned before, once your donation is in the system it can pretty much end up anywhere. The Trump Victory PAC gave the Republican National Committee (RNC) $10.5 million. The RNC turned around and gave $375 thousand to the Massachusetts Republican Party, $281 thousand to the Republican Party of Florida and $194 thousand to the Michigan Republican Party.
We looked at equal to or greater than $5,000 donations and found that between both Republican and Democratic Parties people have donated almost $1.6 billion. The Republicans have received $725 million and the Democrats have received $681 million. The rest of the 1.6 billion went to currently unmapped PACs. While the Republicans have raised more money, they had 3,000 fewer donations. The Democrats received 28,400 donations equal to or greater than $5,000.
One of my favorite quotes from the book Hitchhiker’s Guide to the Galaxy reads, “It is a well-known fact that those people who most want to rule people are, ipso facto, those least suited to do it. To summarize the summary: anyone who is capable of getting themselves made President should on no account be allowed to do the job.” There are few statements more true that this one. We looked at candidates who are investing a lot of their own money into their campaigns.
Over the last month, Team Ryan has taken in $700 thousand in donations. In fact, Team Ryan ranked 10th for the most money raised (reported) over the last month. One donor out of Texas gave him $100 thousand. You would think that she would give the money to Ted Cruz who really needs it. She could have just as easily given the money to the National Republican Congressional Committee (NRCC). Ryan has transferred almost $10 million to the NRCC this year.
We went through the FEC database to see if the Cherokee Nation has ever given money to Elizabeth Warren. They have not and it does not make sense. If a high profile politician like Elizabeth Warren was truly Cherokee then the Cherokee Nation would most likely support her. The fact that the Cherokee Nation recently blasted her DNA claims as “inappropriate and wrong”, may be why they are not running to the bank to give her money.
Democrats and Republicans are neck and neck in spending. Over the last month and change, Republicans have spent 28.7 million and Democrats have spent $28.8 million. Out of the more than 500 candidates/PAC we looked at, 256 Republican PACs spent $29 million and 250 Democratic PACs also spent approx. $29 million.
What do you get when you combined a white guy born in 1957 and $1.6 billion dollars? A super-rich entitled white old man. Somebody should tell Tom Steyer to look in the mirror because he is that guy. However despite being that guy, he recently complained that “very rich entitled white men wanted to tell the rest of the Country we are going to have our way.
The law firm Perkins Coie is back in the news acting dodgy. Fox News and others reported that Michael Sussmann (Perkins Coie lawyer) provided documents as well as computer storage devices on Russian hacking to the FBI. The DNC and the Clinton campaign also used Perkins Coie to hire Fusion GPS.
Beto O’Rourke is the clear ActBlue winner. ActBlue takes in donations and then distributes the money to the different candidates, making it very difficult to know who is actually donating the money. ActBlue gave Beto O’Rourke of Texas $5.3 million. Beto actually received more money through ActBlue than the Democratic Congressional ($4.4 million) and Senatorial ($1.5 million) Campaign Committees and the Democratic National Committee ($1.6 million). That is saying a lot.