May 14th, 2008
03:30 PM ET
7 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. No Clinton in 2008

    Excuse me but Hillary is broke and owing $20m. If she can't raise money for her own campaign how the heck is she going to raise any for the DNC? Be careful DNC, Hillary's creditors may come after you to make good what she owes them.

    If Howard Dean wants money from Obama he needs to come out with it and stop making it look like Hillary has any fund raising value. Maybe she can call on the appalachia mountaineers, the bitter church going Pennsylvania and Ohio gun lovers and the retired old women who are egging her on to punny up the cash or stop dividing the party.
    No way I am donating to anything with Hillary's name on it.

    May 14, 2008 04:41 pm at 4:41 pm |
  2. Tom

    Why does CNN censor Hillary supporter comments?

    May 14, 2008 04:41 pm at 4:41 pm |
  3. david

    Unified...........Really ? As well as on a revote for Florida and Michigan

    May 14, 2008 04:42 pm at 4:42 pm |
  4. spyturtle

    H. Clinton signed this just like she signed the agreement for Michigan and Florida????? Get her out and tell her to get with the D. Party. Give me a break from the wimpy Democratic leaders.

    May 14, 2008 04:42 pm at 4:42 pm |
  5. Tony Z- MD

    Good move. This paves the way for them to unify and win the White House.

    May 14, 2008 04:42 pm at 4:42 pm |
  6. Miami for Obama

    If only the Obama and Hillary supporters can come to an agreement as well . . .

    OBAMA 08

    May 14, 2008 04:43 pm at 4:43 pm |
  7. Chic

    Billary don't have any money nor the ability to raise money.

    The headlines should read Obama agrees to a joint DNC fund raising

    May 14, 2008 04:43 pm at 4:43 pm |
  8. Karl Rove

    well its obvious Clinton's campaign is broke and in debt so thats why this fund was created

    May 14, 2008 04:44 pm at 4:44 pm |
  9. TIME IS NOW FOR UNITY. Unite the clans.

    unite the clans! Defeat McBush!

    May 14, 2008 04:44 pm at 4:44 pm |
  10. Paul

    Hillary just wants her $20 mil back.

    May 14, 2008 04:44 pm at 4:44 pm |
  11. Billy Gibbons in Houston

    This is as brilliant an idea as the one about creating "Super Delegates".
    This is another step to insulate the party from the people.
    Now giving money to a candidate does not even go to the candidate.

    Eventually they will need to change their name from Democrat since "the people" are secondary to the "party".

    May 14, 2008 04:46 pm at 4:46 pm |
  12. leon

    No way we Hillary's supporters will vote for OBAMA. What a silly thought from H. Dean, Nancy Pelosi. Kennedy and other leaders of the DNC to think that after misstreating Senator Clinton during the whole process, showing clear favoritsm, not aasking the media to be fair to both candidates, pressing Clinton to kind of cover Obama's lack of experience and not being vetted, allowing sexism and not steping up against racial issues from Obama's campaing that now we should support Obama.

    Obama has not been vetted. Obama is not the different kind of politician he says he is. He has shown that he is an average and vulgar politician, very ambitious that will betrayed his own pastor and friends. WE do not trust him, we do not identify with him.

    Senator McCain seems to be a more experienced, honest, with a real record of going bipartisan in so many issues in Congress and will be a much better president for regular and average Americans

    May 14, 2008 04:46 pm at 4:46 pm |
  13. Right wing conspiracy

    This is simply the DNC’s way of exploiting Obama to bail out the heavily indebted Clinton in the wake of her horribly mismanaged campaign.

    May 14, 2008 04:47 pm at 4:47 pm |
  14. yns

    They will get no more of my money unless Hillary is at the top of the ticket!

    May 14, 2008 04:47 pm at 4:47 pm |
  15. New York

    Is this a move to refund Hillary her "loans" to her campaign?

    May 14, 2008 04:48 pm at 4:48 pm |
  16. Lisa

    Hillary is to blame. The longer she drags it out, the shorter the Democrats' pocket gets. She's put the entire party on hold while we politely wait for her to bow out.

    May 14, 2008 04:48 pm at 4:48 pm |
  17. Suziku

    Who's brilliant idea is this?! Howard Dean's? Personally I wouldn't contribute a dime, not as long as hillary is involved.

    May 14, 2008 04:48 pm at 4:48 pm |
  18. Pol

    Democratic BS. She doesn't have money and nobody will support her
    anymore (except sick very blue color, only sick). She destroyed herself and continue destroying her daughter (morally) and her husband (physically), they are working too hard for her... for what? She started as a great woman and now she is a witch.

    May 14, 2008 04:48 pm at 4:48 pm |
  19. anglopole

    not the point, tell hilary to stop her stupid race card and go home

    May 14, 2008 04:48 pm at 4:48 pm |
  20. Beca

    Go away DNC for not counting the votes in Michigan and Florida.

    May 14, 2008 04:49 pm at 4:49 pm |
  21. Mike

    Nobama. I will be voting against my local elected officials their next terms that endorsed him.

    May 14, 2008 04:49 pm at 4:49 pm |
  22. Independent in Houston

    I have been waiting all year to hear news like this. It is so refreshing to see the two candidates working together to help either one get to the White House. Although I support Barack Obama, I can finally give Hillary Clinton her due respect for taking that step.

    Who knows maybe an Obama/Clinton ticket?

    May 14, 2008 04:49 pm at 4:49 pm |
  23. Independent

    That is a great idea. The Republivan and their swift bost ads that are coming, be it Obama or Clinton will need to be hammered hard by the Democrats to win back the White House

    May 14, 2008 04:50 pm at 4:50 pm |
  24. Joyce memphis, tn

    Good!!! Let the healing begin.

    A Hillary Supporter/ Dem Voter

    May 14, 2008 04:50 pm at 4:50 pm |
  25. John from Chicago

    Oh great. Now Billary millionaires get to tap into free money to get a refund on their $10 million they stuck into her failing campaign. That's really choice.

    May 14, 2008 04:52 pm at 4:52 pm |
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