The Democratic Case for Super-Rich Donors

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President Obama and the Democrats have spent the last leg of the election cycle slamming Republicans for pouring millions into outside groups to run campaign ads. The GOP-allied groups are now vastly outstripping Democratic spending in the election, but it’s not only because GOPers have unleashed the floodgates. As Politico‘s Ben Smith reports, the Democrats’ lag in outside spending is also because Obama himself has discouraged deep-pocketed donors from giving to outside groups, beginning with the 2008 campaign.

“The leadership of the Obama campaign warned their donors against giving to outside groups – including many of the key issue groups that motivate progressives. The leadership in the White House has done the same thing,” said Erica Payne, one of the founders of the Democracy Alliance, a group of the largest liberal donors, who now heads the Agenda Project.??

Obama’s approach also stands in stark contrast to Bill Clinton’s:

And Clinton’s former aides are some of those watching incredulously as Obama helplessly denounces outside money instead of encouraging Democratic donors, or even cultivating the kind of mega-donors who might spend in his support…

“When you’re in a fight—and we’re in a real fight—you want as much help as you can get from any quarter,” said the former Clinton aide Harold Ickes, who recruited mega-donors led by George Soros to give some $200 million to Democratic efforts in 2004. “It doesn’t seem to me that there’s been much encouragement from the White House for outside help.”

?As the story explains, Obama discouraged large donations to outside groups partly out of ideological reasons—wanting to change “business as usual” in Washington, relying instead on the unprecedented outpouring of support from small donors. But Smith also argues that disarming outside groups also allowed the Obama campaign to maintain tight, top-down control of their campaign message.

The problem is that such a campaign finance model is also subject to the whims of the public each election cycle. Obama didn’t need as many big donors to back his campaign in 2008 because he had enough from small ones to finance his campaign. But two years later, it’s clear that support from the base has waned and hasn’t translated into the same buckets of cash to compete with the GOP in 2010, even as Obama folded his campaign operation into the Democratic National Committee. It’s true that the DNC and other Democratic committees have outraised their Republican counterparts, but all of them have been blown out of the water by outside Republican groups. (To be sure, it isn’t fair to put all the blame on Obama: Democratic billionaires like George Soros could have decided to plunge in on their own but have decided to sit this one out.)

Herein lies the case for courting super-rich donors: it’s arguably easier to maintain their support by doing the kind of individual outreach that Clinton was well known for and that Obama is loathe to do, and they have greater party loyalty than any large swath of the public. Obama built up his massive war chest partly through the unusual cult of personality that swelled up around him. But it’s clear that the public can retract its outpouring of support as quickly as it gives it, and that popular support can swing wildly from one end of the political spectrum to the other in an increasingly polarized environment. Sure, the small donor model is democratic (small d) and egalitarian in principle. But within the current campaign finance system—where the few remaining restrictions on corporate contributions have been lifted—it’s a less reliable model for sustaining any political party or, really, any major public institution.

WE'LL BE BLUNT

It is astonishingly hard keeping a newsroom afloat these days, and we need to raise $253,000 in online donations quickly, by October 7.

The short of it: Last year, we had to cut $1 million from our budget so we could have any chance of breaking even by the time our fiscal year ended in June. And despite a huge rally from so many of you leading up to the deadline, we still came up a bit short on the whole. We can’t let that happen again. We have no wiggle room to begin with, and now we have a hole to dig out of.

Readers also told us to just give it to you straight when we need to ask for your support, and seeing how matter-of-factly explaining our inner workings, our challenges and finances, can bring more of you in has been a real silver lining. So our online membership lead, Brian, lays it all out for you in his personal, insider account (that literally puts his skin in the game!) of how urgent things are right now.

The upshot: Being able to rally $253,000 in donations over these next few weeks is vitally important simply because it is the number that keeps us right on track, helping make sure we don't end up with a bigger gap than can be filled again, helping us avoid any significant (and knowable) cash-flow crunches for now. We used to be more nonchalant about coming up short this time of year, thinking we can make it by the time June rolls around. Not anymore.

Because the in-depth journalism on underreported beats and unique perspectives on the daily news you turn to Mother Jones for is only possible because readers fund us. Corporations and powerful people with deep pockets will never sustain the type of journalism we exist to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we need readers to show up for us big time—again.

Getting just 10 percent of the people who care enough about our work to be reading this blurb to part with a few bucks would be utterly transformative for us, and that's very much what we need to keep charging hard in this financially uncertain, high-stakes year.

If you can right now, please support the journalism you get from Mother Jones with a donation at whatever amount works for you. And please do it now, before you move on to whatever you're about to do next and think maybe you'll get to it later, because every gift matters and we really need to see a strong response if we're going to raise the $253,000 we need in less than three weeks.

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WE'LL BE BLUNT

It is astonishingly hard keeping a newsroom afloat these days, and we need to raise $253,000 in online donations quickly, by October 7.

The short of it: Last year, we had to cut $1 million from our budget so we could have any chance of breaking even by the time our fiscal year ended in June. And despite a huge rally from so many of you leading up to the deadline, we still came up a bit short on the whole. We can’t let that happen again. We have no wiggle room to begin with, and now we have a hole to dig out of.

Readers also told us to just give it to you straight when we need to ask for your support, and seeing how matter-of-factly explaining our inner workings, our challenges and finances, can bring more of you in has been a real silver lining. So our online membership lead, Brian, lays it all out for you in his personal, insider account (that literally puts his skin in the game!) of how urgent things are right now.

The upshot: Being able to rally $253,000 in donations over these next few weeks is vitally important simply because it is the number that keeps us right on track, helping make sure we don't end up with a bigger gap than can be filled again, helping us avoid any significant (and knowable) cash-flow crunches for now. We used to be more nonchalant about coming up short this time of year, thinking we can make it by the time June rolls around. Not anymore.

Because the in-depth journalism on underreported beats and unique perspectives on the daily news you turn to Mother Jones for is only possible because readers fund us. Corporations and powerful people with deep pockets will never sustain the type of journalism we exist to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we need readers to show up for us big time—again.

Getting just 10 percent of the people who care enough about our work to be reading this blurb to part with a few bucks would be utterly transformative for us, and that's very much what we need to keep charging hard in this financially uncertain, high-stakes year.

If you can right now, please support the journalism you get from Mother Jones with a donation at whatever amount works for you. And please do it now, before you move on to whatever you're about to do next and think maybe you'll get to it later, because every gift matters and we really need to see a strong response if we're going to raise the $253,000 we need in less than three weeks.

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