Sunday 19/05/2019 - 09:34 pm

Clinton"s 2016 bid draws more Wall Street fundraisers than Obama in 2012

2016.10.26 09:55

WASHINGTON — Democrat Hillary Clinton’s bid for the presidency has drawn more support from Wall Street fundraisers than President Obama received from the industry four years ago, a new analysis shows.

Clinton’s ranks of elite fundraisers include 201 people who work in the securities and investment sector and dozens more who work in other areas of finance and commercial banking, according to a tally by the Center for Responsive Politics and USA TODAY.

Together, the broader finance sector has helped collect at least $20 million for her presidential campaign and the Democratic Party.

In all, Clinton’s 1,370 fundraisers — dubbed “Hillblazers” by the campaign — have bundled together at least $137 million from their friends, family members and business associates to build a money machine that surpasses the fundraising operation that twice helped elect Obama.

Obama relied on just 769 bundlers in his 2012 re-election, 92 of whom came from the securities and investment industry, the center’s data show.

Clinton’s Hillblazers range from longtime allies of Clinton and her husband, former president Bill Clinton, to wealthy Republicans disenchanted with GOP nominee Donald Trump, such as Hewlett Packard Enterprise chief executive Meg Whitman.

The former secretary of State could choose to draw from the ranks of these loyalists as she looks to fill key administration posts and appoint ambassadors.

One Hillblazer, former Interior secretary Ken Salazar, leads the team working on her White House transition.

Clinton’s fundraisers have done more than round up checks on her behalf at Hollywood receptions and parties in the Hamptons as she and her allies have amassed roughly $1 billion for her election through traditional fundraising and seven- and eight-figure donations to super PACs.

Dozens of Clinton bundlers have helped bankroll the leading super PAC working on Clinton’s behalf, Federal Election Commission records show. Billionaire hedge-fund manager S. Donald Sussman, has donated $19 million to the PAC, Priorities USA Action — including $6 million last month alone — and has emerged as one of Clinton’s largest financial benefactors.

On Tuesday, Priorities officials announced they had raised $175 million through Oct. 19, cementing the super PACs position as the best-funded outside group of the 2016 election.

Write a Comment:
* Name  
* Comment
* Enter the word on the picture