Monday, April 25, 2005


New York Post Online Edition:Dick Morris

So now I finally understand the deviousness behind the Hillary Clinton fundraiser. It was a bit fuzzy prior to reading Dick Morris' explanation. How much ya bet she doesn't get even touched by this!

Under the arcane rules of the Federal Election Commission at the time, campaigns could use soft money to pay for fund-raising events — provided the gathering's costs came to 40 percent or less of the total of hard money raised. (Soft money was far easier to raise: Donors could give up to $25,000 of soft money, but only $1,000 of hard money).
Here's why he would have done it: If the real cost of the event were $1.2 million instead of $400,000, the campaign would have had to use hard money to make up the difference. The Hillary Clinton campaign would have had $800,000 less of hard money to spend running TV ads and funding get-out-the-vote operations.

So if Rosen had owned up to the full cost of the fundraiser, the campaign would have had to cough up $800,000 of hard money at exactly the time that it needed the funds the most.

Did Hillary know? Paul and Tonken say she did, and it seems obvious that she must have: Hillary followed every dime in her campaign, personally calling donors for most of it. How could she possibly not have known of a decision that saved her $800,000?

Link from Lucianne.

WWW MyView