The Democratic Party has recently been caught in a financial lie, and there seems little hope of finding their way out of it.
While the Democrats have been committed to ending “our broken campaign-finance system,” the DNC finance lawyers have managed to bend the system’s rules in order to rack in serious campaign cash from maxed-out party donors.
This July, the DNC boasted that it raised a whopping $32 million, but a new Bloomberg report indicates that some of this money has been fed to it through systemic loopholes in connection with Hillary Clinton's campaign.
Hypocritically, the DNC boldly credited last month’s fundraising success to the “energy and excitement” that the party had aroused in supporters, but the Bloomberg investigation discovered that about $7.3 million originated from contributors who had already donated the maximum limit.
As is, the campaign-finance system has set limits as to how much an individual donor can give to the Clinton campaign, to the DNC, and to the state parties.
But the existence of the Hillary Victory Fund, a joint fundraising committee tying together the DNC and Clinton’s campaign, makes it easier for money to be transferred between the Democratic organizations.
The Hillary Victory Fund has been transferring money from donors who have reached the maximum limit into state party accounts. In turn, state parties transferred the gifted funds to the DNC, thereby giving the appearance that it raised much more money than it actually did.
Although seemingly hinting at major corruption within the party, what the DNC and the Clinton campaign did was completely legal. Of course their actions should be frowned upon, but their bending of the law pales in comparison to some of the private legal troubles that Clinton’s rival Donald Trump has brought to the Republican Party.
Banner and thumbnail credit: Reuters, Rick Wilking