September 9th, 2010
08:30 AM ET
4 years ago

Obama transfers big bucks to party

 President Obama transferred $4.5 million from his 2008 presidential campaign coffers to three Democratic party committees.
President Obama transferred $4.5 million from his 2008 presidential campaign coffers to three Democratic party committees.

Washington (CNN) - President Barack Obama is making another major investment in his own party.'

The president ordered $4.5 million from the old Obama for America campaign account to be transferred to the Democratic Party, a top party official confirmed to CNN. The funds will be evenly divided among the Democratic National Committee, the Democratic Senatorial Campaign Committee, and the Democratic Congressional Campaign Committee.

The money originally was set aside to cover legal expenses involved in shutting down Obama's 2008 presidential campaign.

Earlier this election cycle, $8 million was transferred from Obama for America to the DSCC and the DCCC. And the president is also assisting his party through the DNC's $50 million Vote 2010 campaign plan.

Democrats hope that a large infusion of campaign cash to assist candidates and pump up get-out-the-vote efforts will help soften what could be serious losses in the House and Senate and in the states in November's midterm elections.

Word of the transfer of the $4.5 million was first reported by Politico.

–Follow Paul Steinhauser on Twitter: @psteinhausercnn


Filed under: 2010 • DCCC • DNC • DSCC • President Obama
soundoff (26 Responses)
  1. awaitingliberalizationbyCNN

    It is all just union chump change anyway.

    September 9, 2010 08:39 am at 8:39 am |
  2. Hunter of the lib hunter

    It is time to stop the GOP party that brought us a near depression from gaining any seats in the house or congress. This group of right wingnuts headed by Fox, Palin, Hannity, Beck, Malkin, Ingrahm, Miller, Angle, Rubio, Armey and Koch brothers do not represent the best interests of America. We are all Americans, dammit, not just the privileged few rich people these idiots represent!

    September 9, 2010 08:40 am at 8:40 am |
  3. Clwyd

    That's my President! Let's do everything we can to defeat the sayings of doom and lies from the Party of NO.! I wish I could give millions to defeat these liars and supporters of the rich, Big Oil, Big Business and Big Wall Street! How can any common American find anything to support in the lies that keep coming out o their mouths?

    September 9, 2010 08:43 am at 8:43 am |
  4. Anonymous

    Dems need all the advertisement the can get! For 2 years they have strugled putting this economy back on a firm foundation while the republicans have been buisy campaigning.

    September 9, 2010 08:47 am at 8:47 am |
  5. Angus McDugan

    Why do people always think the democrats are not rich?

    September 9, 2010 08:49 am at 8:49 am |
  6. kenneth fusilier

    President oboma is doing the right thing for his party. End of story!

    September 9, 2010 08:50 am at 8:50 am |
  7. Hunter of the lib hunter

    Hey wingnuts! Does the Rasmussen presidential poll still have McCain/Palin winning in 2008?

    September 9, 2010 08:51 am at 8:51 am |
  8. Patty2012

    Hopefully (this time) Money and false promises won't buy votes for the Demos. Maybe common sense will win out at the polls and save our Country?

    September 9, 2010 09:01 am at 9:01 am |
  9. So

    Yet he whines and cries about business contributing to campaigns.

    September 9, 2010 09:02 am at 9:02 am |
  10. Citizen of Littlesville

    Would this be considered a DNC Stimulus Package ?

    September 9, 2010 09:02 am at 9:02 am |
  11. Anonymous

    Helpfully they'll spend all that money running ads congratulating themselves for passing the Healthcare Bill.

    September 9, 2010 09:03 am at 9:03 am |
  12. ralph

    Let's go Dems, don't believe the hype that the right wing nut jobs are going 2 wipe us out!!!! America has not forgotten the Bush ways and how there policies have led us down this path!!! Now they want to be in power again? For what??? To help the rich get richer?? Hey,, wat ever happened to the weapons of mass destruction???? I'm still waiting for them to be found!!! Let's believe all the polls, if we all go out and Vote we'll stay n power,,and push the nut jobs to the middle of the country and isolate them, their time has come and gone,,time for a new better America!!!

    September 9, 2010 09:03 am at 9:03 am |
  13. Dominican mama 4 Obama

    Wow!!!

    I actually wrote a letter to the DNC informing them that they wouldn't see one more red penny from me if they did not get their act together and UNITE as a Party.

    I therefore must commend the President for helping out the Party that has been of little to no help to him. In all fairness though, I must admit that in spite of some chickenturd Democrats, most Dems in Congress have taken their jobs seriously enough to avert a second Depression for the country. I thank them for that.

    Okay, maybe they'll continue to get my money after all.

    September 9, 2010 09:04 am at 9:04 am |
  14. Steve in CT

    At this rate he won't need the $ for a 2012 run.

    September 9, 2010 09:10 am at 9:10 am |
  15. Mark

    The liberals were ok with Hollywood dumping a trillion dollars into Obamas campaign.

    September 9, 2010 09:19 am at 9:19 am |
  16. WTH

    Since he's put the nation in such deep debt, his "contributions" should go back to the American people! The older I get, the more I see how everything boils down to $, and $ is the root of all evil! This world is a scary place and getting worse as time goes on...

    September 9, 2010 09:25 am at 9:25 am |
  17. Carl Duncan

    Just another great plan coming from the president to support his team people need to ask themselves who works harder more than the commander and chief we are at the breakthrew with the economy large and small business must stand up and do there part and republicans need to be ashamed of themselves America will be greater

    September 9, 2010 09:33 am at 9:33 am |
  18. Bill

    If you can't win it ... then buy it? I thought it was the greedy republicans that had this kind of money and ethic.... Guess we were all wrong....

    September 9, 2010 09:35 am at 9:35 am |
  19. jim

    The dems and Obama have decided to throw as much money as possible at the Nov. election to try to stem a tidal wave against their party for what they've done to this country.They shoved down the throats of the American people a healthcare reform bill that does nothing to prevent skyrocketing costs and forces us to lose the coverage plans that we were happy with.I know because i was forced to change a plan that i liked.And because of financial overhaul the SEC no longer has to comply with request from the public, including the Fredom of Information Act.

    September 9, 2010 09:45 am at 9:45 am |
  20. sharon

    CNN I would like to say that president Obama has done a great job. However I think he has forgotten aboit the disabled, who could use some raises or special breaks. Nontheless I stand firm on his discission, keep praying that he realize what we get is not enough to maintain.

    September 9, 2010 09:45 am at 9:45 am |
  21. robin

    Obama is a fraud and is trying to buy the democRATS into office. I hope the entire congress is taken over by Republicans. SO much buyers remorse.

    September 9, 2010 10:15 am at 10:15 am |
  22. all of America

    Most likely ,taxpayer money that the dems slipped in one of the bills that that they had to hurry and pass.

    September 9, 2010 10:18 am at 10:18 am |
  23. TX_MBell

    They'll need the money to bus in their purchased votes.
    To avoid a problem with not having enough ballots at the polls; vote early. The bussed in votes will deplete the supply and leave too many out of the voting. So vote early. I'd rather have ballot stuffing voters complain about not having enough ballots than those that will cast an honest ballot.

    September 9, 2010 10:23 am at 10:23 am |
  24. William

    Well if you can't win the election on your record you can always try to buy it with your money and influence and using fake voters that is the Democratic party way.

    September 9, 2010 10:36 am at 10:36 am |
  25. Starchman

    It won't make any significant difference this year. We're tired of the same old same old.

    September 9, 2010 10:47 am at 10:47 am |
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