KING: Why I'm Leaving the Democratic Party
'On April 18, the Sanders campaign wrote an open letter declaring
that Clinton's campaign was violating campaign finance laws through an
unethical joint arrangement with the DNC. The Clinton campaign's
response was that she was actually raising money for down-ticket
Democrats. Two weeks later, though, Politico released an amazing
investigative report which found that out of the $61 million the Clinton
campaign was raising for state parties, the parties were only allowed
to keep 1% of it. You read that
correctly. I'll spell it out so that you know a digit wasn't missing.
They got to keep one percent of the funds she claimed she raised for
them.
It appears to be a
money laundering scheme. Do you remember when George Clooney said that
Bernie Sanders and his supporters were right to be disgusted by the fact
that some seats at the fundraiser cost $353,400 per couple, but that he
could live with it because the money was mainly going to help smaller
candidates win local elections?
He was wrong.
According to
Politico, "The victory fund has transferred $3.8 million to the state
parties, but almost all of that cash ($3.3 million, or 88%) was quickly
transferred (back) to the DNC, usually within a day or two, by the
Clinton staffer who controls the committee, POLITICO's analysis of the
FEC records found."
Who really got the money? The Clinton
campaign pocketed almost all of it and state parties were left with one
penny on the dollar.'
