Pro-Clinton group launches ad campaign

Marketplace Staff Feb 21, 2008

Pro-Clinton group launches ad campaign

Marketplace Staff Feb 21, 2008


KAI RYSSDAL: John McCain’s turning today’s article in The New York Times to his advantage. He’s trying to raise a couple of bucks off it in a fundraising e-mail that went out to supporters this afternoon. Hillary Clinton’s a little short on cash herself. Barack Obama outspent her four to one in Tuesday’s Wisconsin primary. We learned last month she was forced to lend her campaign $5 million out of her own bank account. But Marketplace’s Steve Henn reports some wealthy Clinton backers think they can help.

AD: If speeches could create jobs, we wouldn’t be facing a recession. But it takes more. As senator, Hillary Clinton passed legislation to bring investment and jobs to struggling communities.

STEVE HENN: Check out this ad that just started airing in Ohio.

FRED WERTHEIMER: Sounds like a campaign ad. It looks like a campaign ad….

Fred Wertheimer heads Democracy 21, a campaign finance reform group.

WERTHEIMER: Reasonable people are going to conclude it’s a campaign ad.

But the Clinton campaign didn’t pay for it.

AD: Paid for by American Leadership Project.

That’s an independent political group, or 527. These groups can air issue ads, but not campaign ads. But the American Leadership Project is airing this ad and more in Texas and Ohio. For Clinton’s struggling campaign, that’s a boon.

SHEILA KRUMHOLTZ: Fully one-third of Clinton’s money last year came from people who can’t give her another dime for this campaign.

Shelia Krumholtz runs the Center for Responsive Politics.

KRUMHOLTZ: Reliance on those giving the maximum, or even near the maximum, is a big problem ultimately for a campaign.

But those same maxed-out donors can give as much as they want to this new pro-Clinton group — and Fred Wertheimer says that’s just plain wrong.

WERTHEIMER: We have been dealing, in large part, with massive violations of the campaign finance laws by individuals and groups who do not care about and are not worried about the consequences.

Wertheimer says by the time federal regulators can act, this election will be over.

In Washington I’m Steve Henn for Marketplace.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.