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House Victory Project injects $2.2 million into Democratic campaigns 


Hillary Clinton won Lance’s district during the 2016 presidential election.

All three districts are considered toss ups.

Representatives for the campaigns of Craig, Wild, and Malinowski did not return requests for comment.

The House Victory Project was created to support 24 Democratic House candidates in this year’s midterm elections and it’s financed primarily through Wall Street executives.

Beyond Hartley, Effron and Altman, the group raked in donations from other executives such as James Atwood, the managing director of private equity firm the Carlyle Group. He gave up $54,000 to the House Victory Project, records show.

Michael Granoff, CEO of private equity firm Pomona Group, also contributed $54,000, as did Alan Patricof, the founder and managing director of venture capital firm Greycroft LLC.

In a previous interview with CNBC, Patricof said he joined the Democratic financial organization because of his strong antipathy for President Donald Trump.

“I will do anything I possibly can to get a Democratic Congress, to offset the factors that the president has put in place,” Patricof said in an interview with CNBC in June.

He went on to list just a few of his grievances, including Trump and the Republican-led Congress overturning parts of the Dodd-Frank Act, the president’s efforts to dismantle former President Barack Obama’s legacy and even the way in which the commander in chief publicly shames his enemies.

Patricof was unavailable to comment for this story.

Political strategists believe that committees like the one run by some of the top New York moneymakers could be a benefit to Democratic campaigns.

“There’s no question that a huge influx of cash could help Democrats regain House seats as long as the committees know how to use the money,” political strategist Hank Sheinkopf said. “The independent committee money sometimes can be thrown out the window and used in the wrong way. Targeted campaigns with social media, TV and online ads could have a significant impact for any Democrat looking to make a difference in 2018,” he added.

Democrats would need to flip 24 seats in November to regain a majority within the House of Representatives.



source : CNBC

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