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.

β€œIn 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. toni vierra


    May 14, 2008 04:52 pm at 4:52 pm |
  2. Lee

    That's right. Democrats UNITE!! A vote for McCain is an uninformed vote. He is not doing anything except making empty promises and distorting the facts. Don't fall for the propaganda!! Unless you're one of the 20% who think this country is moving in the right direction, your vote should be for a Dem. or at the very least, a 3rd party candidate in the fall. John McCain has made it clear that he is willing to pander to Republican Conservatives, and the Republican agenda is NOT in the best interest of this country or the majority (read 90%) of her people.

    May 14, 2008 04:52 pm at 4:52 pm |
  3. tidho

    Hillary can't fund her own campaign, this agreement seems ridiculous. I wonder if Obama's funds will start drying up until its official. It doesn't seem like his supporters are interested in funding a Clinton campaign.

    May 14, 2008 04:53 pm at 4:53 pm |
  4. bigzou

    How Hillary can raise money for the DNC? She is already in a big hole with 20 $millions debt.... Come on

    May 14, 2008 04:53 pm at 4:53 pm |
  5. Rich

    Democrats unite!!!!!

    May 14, 2008 04:55 pm at 4:55 pm |
  6. Cathy

    Thank you...thank you...thank let's go after McCain and defeat him in November so we can get this country back on track!!!!

    May 14, 2008 04:55 pm at 4:55 pm |
  7. jim in Phoenix

    Howard Dean What a dimwit Thank god he never n\made president

    May 14, 2008 04:55 pm at 4:55 pm |
  8. Butch Dillon

    Agreements do not seem to mean much to Clinton. In the end she will probably try to steal most of the money.

    May 14, 2008 04:55 pm at 4:55 pm |
  9. Rich

    Democrats Unite!!!!

    May 14, 2008 04:55 pm at 4:55 pm |
  10. Rude Awakening

    Candidates do not need the party anymore to raise their cash. In the heated Dem race, contributors have donated directly to the candidate rather than the party. This is the preview of the death of the political party system. In the future, candidates will all run as independents, having no need for a party to support them financially, as they market themselves via the internet. They also get their funds via internet. The DNC needs Obama and Clinton's support, not the other way around.

    May 14, 2008 04:56 pm at 4:56 pm |
  11. MK

    Sounds like the DNC might be getting funds to possibly persuade their upcoming decision on the Florida/Michigan primary dilemmas. Howard Dean should be given the boot.

    May 14, 2008 04:56 pm at 4:56 pm |
  12. Anonymous

    Yeah, you go democrats – bring all the troops home. Pander, pander, pander. Who on earth do you people think you are? You will not have the single-handed power to bring anyone home. NObamaites, just wait and see if he get in what you all will lose as he is the biggest loser of all!! PANDERER? You got it.

    May 14, 2008 04:56 pm at 4:56 pm |
  13. Old Women from Minnesota for Barack

    Howard Dean : A true leader. Dont give in to Clinton pressure on Florida-Michigan. Stick to your guns.

    48 other states are with you Chairman Dean.

    May 14, 2008 04:56 pm at 4:56 pm |
  14. JK of Maryland

    This is a good sign. We need a few more of these.

    May 14, 2008 04:56 pm at 4:56 pm |
  15. Inter-racial Mom in Arizona

    We are ready to unite the party. Wonderful news.

    May 14, 2008 04:57 pm at 4:57 pm |
  16. Mike

    I'm guessing that this is the politically correct way to say that the funds donated will be used to pay-off Hillary's 20 million dollar debt?

    If so, then it serves as an excellent example in understanding the phrase that the "rich just keep getting richer".

    I am totally amazed at the level of power that the Clinton's still have controlling the democratic party.

    Some people will say that 20 million is a small price to pay to unite the party, but look at who intentially divided it up over the past 5 months.

    May 14, 2008 04:57 pm at 4:57 pm |
  17. Dina Phila., Pa

    You can count on my contribution! I can't wait to make my first donation. Go Democrats 08!!!!!

    May 14, 2008 04:57 pm at 4:57 pm |
  18. paul oregon

    how is clinton going to raise funds kor the dnc when her campain is 20 million in debt ? some thing smells awful fishy. think ill wait awhile before i cut a check to obama and the dnc.

    May 14, 2008 04:57 pm at 4:57 pm |
  19. Frank

    Two points;
    1. Mrs. Clinton can't even pay for her own campaign, what makes anyone think she'll contribute to this fund.
    2. Just because she signed an agreement, that doesn't mean anything either because her signature is worthless; ie, she put her signature on a Pledge that the MI and FL votes would not count.
    3. Need I say more?

    May 14, 2008 04:57 pm at 4:57 pm |
  20. Sandra

    If you do not believe that race is playing a part in the democrate race give your head a shake.
    Just a Canadian viewer.

    May 14, 2008 04:57 pm at 4:57 pm |
  21. Ridgeway

    No matter who the nominee. Exactly, as long as they're a Democrat. It could be Osama or Obama as long as it's a Democrat. To have the title and the world stage is all that matters to any of the crap mongering liberals. God help us if either of these socialists wins. Neither has done a stinking thing for anyone but themselves. And for those of you living under a rock, Howard Dean is mental.

    May 14, 2008 04:59 pm at 4:59 pm |
  22. Ben

    Now that's what I'm talking about. Hillary and Obama watching each others back! No more free ride McCain.

    May 14, 2008 04:59 pm at 4:59 pm |
  23. w

    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 |

    it will work out

    May 14, 2008 04:59 pm at 4:59 pm |
  25. Debbie

    Let's face it – it's a "sweetner" to get her out of the race!
    I don't why any money should be redirected away from Obama to help out the Clinton's – who have over spent considerably, and who are multi, multi millionaires – it's an insult to the hard working people who donated their hard earned cash to Obama – I wouldn't want one cent of my money to help Clinton!
    If the Clinton's backers/supporters want to help out – then let them – let's see just how many blue collar, white hard working American's pay for that!

    May 14, 2008 04:59 pm at 4:59 pm |
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