I want to share something with you that is probably going to make you angry, but then I am going to give you an opportunity to do something about it.
For months, you've heard the Clinton campaign endlessly repeat in interviews and on social media that they have raised millions and millions of dollars for state parties through something called the "Hillary Victory Fund." They've even used it as an attack line to insinuate Bernie wasn't willing to help down-ballot Democrats.
Well, yesterday morning, thanks to a Politico investigation, we found out that less than 1 percent of the $61 million raised by the Victory Fund has stayed in state party coffers. And indeed, the majority of the money spent by the Victory Fund has gone to benefit Hillary Clinton's primary campaign against us. The piece said some state party fundraisers believe they are basically acting as "money laundering conduits."
There's more, but first let me get to the part where you can take action. In recent weeks, the Clinton campaign has expressed a lot of interest in what is important to Bernie's supporters. Here's your chance to send a message about our distaste for big-money in politics:
Here's how the scheme works for the Clinton campaign:
Rich people like Alice Walton of Walmart who have already contributed the maximum amount allowable to the Clinton campaign can contribute an additional $350,000-plus to the Victory Fund.
The first $33,400 of her contribution is supposed to go the DNC, and the rest divided up between participating state parties. But that's not what's been happening. The Victory Fund has mostly been doing one of two things with Ms. Walton's money:
1. Taking that money and spending it on advertisements and small-dollar fundraising solicitations. Then they take all the small-dollar contributions and data reaped from Alice Walton's contribution and transfer it directly to the Clinton campaign. This tactic is basically a way for them to benefit from a contribution much larger than the legal limit from Alice Walton.
2. They take Alice Walton's money and transfer it to state parties, who then immediately transfer it to the DNC. Often times they do it without the state party even knowing because the Clinton campaign controls many of the bank accounts involved. So at the end of the day, most of the state parties have received exactly $0 from their Victory Fund arrangement.
So, now that we know the Clinton campaign is taking advantage of state parties to skirt fundraising limits on her presidential campaign, it's time for her to do the right thing and let the state parties keep their fair share of the cash:
It's unfortunate that Hillary Clinton has benefited from tens of millions of dollars in cash transfers and advertising to campaign against us in the primary. But it's not too late for her campaign to do the right thing by the state parties we're going to need to win elections up and down the ticket this November.
I'm sure if you sign our petition, that is something they will notice.
In solidarity
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