May 14th, 2008
03:30 PM ET
6 years ago

Obama, Clinton agree to DNC fundraising agreement

Howard Dean is the chairman of the Democratic National Committee.
Howard Dean is the chairman of the Democratic National Committee.

WASHINGTON (CNN) - The Democratic Party has reached an unusual joint fundraising agreement with both its remaining presidential candidates, Barack Obama and Hillary Clinton.

The agreement, announced Wednesday, creates a new entity, the "Democratic White House Victory Fund" - a move which will allow both candidates to fundraise for the cash-strapped Democratic National Committee, and to help shoulder some of their primary and general election expenses. John McCain has already created his own Victory Fund with the Republican National Committee – but those funds are usually created after a nominee has been decided.

Obama and the DNC had come to an agreement several weeks ago.

“In signing this agreement, Senator Clinton and Senator Obama are demonstrating their commitment to unifying our party and ensuring that we have the resources needed to win the White House, no matter who the nominee is,” said DNC Chairman Howard Dean in a statement. The message is clear. Democrats are unified to put a Democrat back in the White House so we can get our economy back on track, bring our troops home and finally do something about our ailing health care system."

soundoff (219 Responses)
  1. Heidi in Houston

    Notice the line "Obama and the DNC had come to an agreement several weeks ago."

    Yes, Obama who has the fundraising capability to do so, has come to the agreement with them while Hillary stayed silent.

    Hillary's only agreeing to it now in hopesthat she can borrow from it. After all, her fundraising efforts have been less than fruitful.

    May 14, 2008 04:59 pm at 4:59 pm |
  2. A cash Grab!

    So they are starting - $20 million - in debt from Clinton??

    Thanks Senator!

    How can you run a country, when you can't run a campaign?

    May 14, 2008 04:59 pm at 4:59 pm |
  3. indy dem

    See? the coming together has already begun.

    Now supproters on both sides can take it down a notch.

    Lets have a hug and a cry....

    And turn our attentions to defeating the republicans in November

    May 14, 2008 05:00 pm at 5:00 pm |
  4. Karin

    LOL...man this women is good......but thats the Clintons for you...make thngs look like its all good when it really is not. Then once the world knows the truth..... then we the people have to clean it up.....like with the NAFA and voting yes on the war......We are still paying for this and at the same time trying to correct these problem and then here she comes with another big bill $20million that is...to pay of..... another Clinton bill.......and CNN has the balls to say the Dem's O's the Clinton something for all they did....and if you ask me looks like the Clinton O's not only the Dem's but America alot in return........

    May 14, 2008 05:00 pm at 5:00 pm |
  5. Lorna, NY

    What you are really saying is that the Obama campaign and the DNC have reached a fundraising agreement. How is Hillary going to help? Isn't her campaign bankrupt?? I am confused!

    May 14, 2008 05:00 pm at 5:00 pm |
  6. Allen, Lubbock, TX

    thats what i am talking abotu UNITY!!!

    May 14, 2008 05:02 pm at 5:02 pm |
  7. A.M. Saqib

    How can 'Hillary Clinton' be a help to 'Victory Fund' while she is in 20 million dollars in debt at this moment. She is looking at 'Obama' helping her from primaries fund to bail her out of the deficit.

    Her participation to make a success for 'Obama' to white house will be greatly appreciated if she compaigns for general election with 'Obama'.

    A.M. Saqib
    Houston, Texas

    May 14, 2008 05:02 pm at 5:02 pm |
  8. Capt. Smash, Salt Lake City, Utah

    MORE NEW NEWS FROM: HUFFINGTON POST:

    The Obama campaign has announced a "major national endorsement" for a rally tonight at 7pm in Michigan, and the rumor mill is swirling that it is none other than Sen. John Edwards. Time's Mark Halperin is teasing as much at his Web site, with a photo of Edwards and the text, "Ready to choose? Ready to hope?"

    Edwards has certainly dropped some hints in recent days. He's chided Hillary Clinton over her comments about race, said he can't figure out how Clinton could ever win the nomination, and even said he planned to endorse the person he voted for in North Carolina's primary, using (it seems) the word "him."

    May 14, 2008 05:02 pm at 5:02 pm |
  9. Concerned Canadian

    This is a charade to save face for Howard Dean and the Democratic Party before the general election. Money what ?

    Barack has this endless pipeline of money coming from some source and it smells. Barack needs money from the DNC like the Americans need another four more years of Bush as President.

    May 14, 2008 05:03 pm at 5:03 pm |
  10. Andy

    Smart move, Howard.

    May 14, 2008 05:04 pm at 5:04 pm |
  11. Jason

    I guess this is the price to be paid for Hillary's exit? A joint account to help retire her debts? Not my dime!

    May 14, 2008 05:04 pm at 5:04 pm |
  12. John Young

    Sounds to me that the small ($10) monthly contribution that I was sending to the Obama campaign is now going to be shared with Hillary, the person I dislike and distrust. I am affraid this plan might cause some Obama donors to think twice before contributing to his efforts.

    May 14, 2008 05:05 pm at 5:05 pm |
  13. CHERYL FOR HILLARY

    HILLARY, WE LOVE YOU. KEEP GOING HILLARY
    USE WHATEVER IT TAKES TO WIN THE WHITEHOUSE – LIES, RACISM, CHANGE THE RULES, GENDER, WHATEVER.

    OBAMA IS UNELECTABLE. HE CAN'T WIN.
    SAVE THE DEMOCRATIC PARTY

    HILLARY READY ON DAY 1 TO LIE AND CHEAT.

    HILLARY'S COUSIN IS MUGABE- ZIMBABWE – THE ELECTION IS NOT FAIR UNLESS SHE WIN.

    HILLARY ALL THE WAY

    May 14, 2008 05:05 pm at 5:05 pm |
  14. Kathy

    In general, for many reasons, Howard Dean needs to go. He is a disaster!

    May 14, 2008 05:06 pm at 5:06 pm |
  15. jonny

    what a scam! this was just created to cover the Clintons HUGE DEBT with Obama's huge surplus. Well you know what? People who give their money to Obama are giving to OBAMA, not to Hillary.

    May 14, 2008 05:06 pm at 5:06 pm |
  16. Dave

    This is good for the democratic party unity to take back the white house in Nov.

    May 14, 2008 05:07 pm at 5:07 pm |
  17. Faye of Ohio

    I'm not a Hillary Clinton supporter in any way, shape or form; but I suspect that her "choking up" this time might have been a reality surprise even to her. Chelsea cannot hide her adoration for her mother when she is in the audience or onstage. It literally shines from her face. So if Hillary doesn't win the nomination, which I hope she doesn't and it appears she won't, she will always have something some parents only dream of or get only from the family pet – unconditional love.

    May 14, 2008 05:08 pm at 5:08 pm |
  18. Shawn

    Obama shows he's committed to the party's overall good by agreeing to a joint fundraiser, which will help Hillary pay back some of her campaign debt.

    Of course, Hillary supporters will only see this as a 'condescending' act by the arrogant Obama.

    May 14, 2008 05:08 pm at 5:08 pm |
  19. Steve

    "...and to help shoulder some of their primary and general election expenses..."

    So this is how the 20MM debt gets paid?

    One more step in the closure process........

    May 14, 2008 05:09 pm at 5:09 pm |
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