Liberal 'Money Hub' Aims to Mobilize Democratic Base

Image: Liberal 'Money Hub' Aims to Mobilize Democratic Base George Soros

Monday, 05 May 2014 07:25 AM

By Elliot Jager

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Fearing that Democrats will be trounced in the 2014 mid-year elections, a group of deep-pocked liberal donors is developing a major new funding strategy to bankroll unions, Latinos, African Americans, women's and youth groups, The Washington Post reported.

The goal is to bolster and expand the pool of those who will support Democratic candidates and causes — including at the state level — in the coming election cycle and beyond.

Major liberal donors and key operatives met at an invitation-only Chicago conclave last week under the auspices of the Democracy Alliance. Many of the attendees are also backers of the Center for American Progress, Media Matters for America, America Votes, and Catalist.

"There's a lot of anxiety about the midterms," said San Francisco venture capitalist and alliance Chairman Robert McKay, according to the Post.

Those present included billionaire George Soros, White House adviser Valerie Jarrett and political director David Simas, AFL-CIO President Richard Trumka, New York Mayor Bill de Blasio, Planned Parenthood President Cecile Richards, hedge fund manager Tom Steyer, and trial lawyers Steve and Amber Mostyn, the Post said.

Gara LaMarche, the new senior staffer at the Democratic Alliance, said it was time to take a "fresh look" at strategy. "The question we're asking ourselves is, what are the capacities that need our resources now?"

The alliance itself does not give money away but serves as the central money hub on the left, according to the Post. Those who want to join the alliance must donate a minimum of $200,000 annually to a roster of groups recommended by the alliance. At the Chicago gathering, the alliance agreed to funnel $30 million in 2014 to 20 select groups.

Altogether, some $500 million has been pumped into organizations in the last nine years through the alliance's efforts. In comparison, major conservative donors raised $400 million for the 2012 election cycle alone, the Post reported.

The board of the Democratic Alliance is led by McKay who is also a contributor to the Web magazine Salon and  to Mother Jones. LaMarche, the group's top staffer, previously worked for other Soros-supported projects.

Related Stories:

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Kerry: US Open to Talks With Iran on ISIS

Monday, 15 Sep 2014 20:45 PM

As more than two dozen nations pledged in Paris Monday to help Iraq fight the Islamic State militants, the United States . . .

Calpers to Exit Hedge Funds, Citing Expenses, Complexity

Monday, 15 Sep 2014 18:35 PM

The California Public Employees' Retirement System plans to divest the entire $4 billion that it has with hedge funds, s . . .

Safety Chief Blasts GM's 'Incredibly Poor Decisions'

Monday, 15 Sep 2014 18:48 PM

The top U.S. auto safety regulator harshly criticized General Motors Co for not promptly reporting and recalling cars no . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved