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

Obama, Clinton agree to DNC fundraising agreement

[cnn-photo-caption image= caption="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. 60 year old white female, Mo

    I don't want Hillary to use my contribution... I don't want her in the White house. DNC this is not fair... Are you triying to help out Hillary...?

    May 14, 2008 04:08 pm at 4:08 pm |
  2. canadamike

    Obama for President and Hillary for V.P.

    It will be an unbeatable team, and they will both change America forever. The first Black President and Female V.P will be the most incredible team in the history of the United States.

    Unite and Fix the United States, All of the world needs this.

    Good Luck

    May 14, 2008 04:08 pm at 4:08 pm |
  3. LT for Obama

    "Obama and the DNC had come to an agreement several weeks ago." So what you are saying is that HC agreed just recently when her campaign, which will benefit, is now 20 million in the red.

    Also, my next question is will any of this money go towards resolving the MI and FL issues?

    May 14, 2008 04:08 pm at 4:08 pm |
  4. oil rules

    Economy back on track? Hire more government employees? I can't wait to see how their economy boosts are going to hurt my wallet with new taxes. Good-bye summer vacation!!!!!

    May 14, 2008 04:08 pm at 4:08 pm |
  5. AJ, IL

    THAT'S IT!

    If Obama wins Oregon by double digits, Hillary will be dropping out! The Obama campaign is not cash strapped! There is no need for Obama enter into such an agreement unless Hillary will be exiting the race soon and wanted to make sure she can pay for primary campaign debts and loans.

    May 14, 2008 04:08 pm at 4:08 pm |
  6. Darth Vadik, CA

    …but wait what about Jeremiah Wright?

    Oh yes, we're over it now, you know except the white people who are scared of the darky

    boo, he's coming to get you, boo

    scared yet?

    your house just got forclosed, you lost your job, cant even declare bankruptcy any more, your kid just got sick (oh yeah you lost your health insurance with your job), but don't worry about it you cant go anywhere becasue the price of gas is 5 dollars a gallon, am I missing anything?


    May 14, 2008 04:09 pm at 4:09 pm |
  7. Charlotte

    I am a Hillary supporter who will never donate to the DNC. They have managed to create a monster. Obama will not get my vote in November. I am a Reagan Democrat, I vote for the person I think can do the better job. I will write in Hillary Clinton and if that helps McCain so be it. McCain is more moderate then most republicans, and he has tried to cross the aisle on numerious occasions, and Kerry did approached him as a running mate, so he can't be all bad.

    May 14, 2008 04:09 pm at 4:09 pm |
  8. OBAMA

    Awesome!! Just wait and see how Obama will win !

    May 14, 2008 04:09 pm at 4:09 pm |
  9. Darth Vadik, CA

    Hillary needs money, I just hope people are not dumb enough to donate to her, you know to pay her own debts.

    May 14, 2008 04:09 pm at 4:09 pm |
  10. Drew, Central FL

    OUTSTANDING ! ! ! !

    DEMS UNITE ! ! !

    May 14, 2008 04:10 pm at 4:10 pm |
  11. Charlotte

    Obama can win all the primaries, he will not win the general. I am sure he will fall like Dukakis,Kerry etc. He is too liberal for us Reagan Democrats, who vote for the person rather than the party. We tend to be blue collar white people, who work hard and did not go to college. I am glad to hear all the blacks went to college and make loads of money. We should have more money in the states with that major improvement. Could Obama be pandering with the flag pin? Nah, he is above that.

    May 14, 2008 04:10 pm at 4:10 pm |
  12. `chidi

    This is good news provided there are no strings attached, such as making it compulsory for them to be on a joint ticket when the nomination is sorted one way or the other.

    May 14, 2008 04:10 pm at 4:10 pm |
  13. Ron, TX

    So this is the loophole of choice to make sure Clinton gets her $12 million loan back after her campaign goes bankrupt? I will NOT donate to the DNC if they are going to use it to pay Hillary's "loan". She chose to use her own money. It's not my fault she can't run a campaign.

    May 14, 2008 04:11 pm at 4:11 pm |
  14. Adam from NY

    Can this fund be used to pay off Clinton's debts?

    May 14, 2008 04:11 pm at 4:11 pm |
  15. P, CA

    Thank you FINALLY for this show of unity. Are you divisive mother(love)rs listening to this?

    If you're candidate didn't win, they didn't win. Get over it. It shows nothing regarding race, gender, Michigan, Florida,or anything else, it was a simple show of hands. You think the election was "stolen"?

    Stop living in the past. It WILL be Obama v. McCain now. Whether you were for Hillary, Edwards, Paul, or whoever else, you now have 2 (4 if you count Barr and Nader) choices. Stop being hurt and just go for the person who supports you on the issues you care about. For me, it's Obama. I would've gone for Hillary.

    If you can't get over it, you look like a child. Age and maturity have practically nothing to do with each other. It's how you handle the experiences you're faced with. You now have a new experience. Choose based on your thoughts, not your feelings.

    The world IS watching. You want the world to think the majority of us are 2-year olds who can't handle it when mommy says "no"?

    May 14, 2008 04:11 pm at 4:11 pm |
  16. Sue

    Why does Howard Dean always look like his undershorts are on too tight?

    May 14, 2008 04:11 pm at 4:11 pm |
  17. CW4Barak

    Dean, you really think Clinton is going to try to raise money for the DNC when she can't even raise money for herself! Clinton knows the race is over....they are now campaigning to pay off their huge debt, and guess who will help them do blue collar white americans! You poor fools!

    May 14, 2008 04:11 pm at 4:11 pm |
  18. proud army and navy mom

    as long as it is legal, i'm with it

    May 14, 2008 04:11 pm at 4:11 pm |
  19. OBAMA

    Im just wondering how the Hillary campaign is going to manage to fundraise money when they are in debt!! HMmm that should be interesting to see

    May 14, 2008 04:11 pm at 4:11 pm |
  20. sacto joe


    A lot of Repubs posing as Democrats are posting hate mail. They're trying to drive a wedge between us!


    May 14, 2008 04:12 pm at 4:12 pm |
  21. jason

    this is the best news I have heard all day!!!! win back the house

    May 14, 2008 04:12 pm at 4:12 pm |
  22. jane in CA

    The party will pay for hillary's debts. That's how she keeps going so someone will pay her debts. No money will donate to Obama if he pays her debts.

    May 14, 2008 04:12 pm at 4:12 pm |
  23. bill

    I will not give anymore money now....Hillary will not get one cent of my money period!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    May 14, 2008 04:12 pm at 4:12 pm |
  24. Venus

    OK. Obama is the winner!

    Almost time to take off our boxing gloves and take a chill and put the gloves back on to wip Mc Cain!

    May 14, 2008 04:12 pm at 4:12 pm |
  25. Ellie

    HA! HA!

    Sen. Clinton caved in to settle her DEBTS, this is what this is all about. She has conceded to Sen. Obama and he's offered to help pay her debts off for her.

    What a revelation, this news break clearly says it all. Sen. Clinton does NOT have the backing nor the support of the Super Delegates to go on and she KNOWS it.

    This agreement just marks the official END of the Clinton era. They are now just going through the "motions" to provide Sen. Clinton with an honorable exit. Bottom line.

    I've worked at the White House for (25 years) and KNOW this is nothing more than an agreed "exit strategy" for Sen. Clinton.

    May 14, 2008 04:13 pm at 4:13 pm |
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