Obama's Hopefund PAC Gives $50,000 To Dem Committees

By Greg Giroux | August 1, 2009 2:40 PM | Permalink | Comments (0)

It's not as active as it once was, but the leadership PAC Barack Obama formed in 2005 donated $50,000 to Democratic committees in the first six months of this year.

Hopefund Inc., which a March document said was still sponsored by the president, gave $15,000 apiece to the Democratic Congressional Campaign Committee and the Democratic Senatorial Campaign Committee.

Those are the campaign organizations that are working in the 2010 election to protect the party majorities that Obama needs to enact his legislative programs.

The $15,000 figure represents the maximum amount of money that a multicandidate PAC can give to a national party committee.

Obama's PAC also gave $5,000 apiece to the Democratic state party organizations in Virginia and New Jersey, which are holding nationally significant contests for governor this November.

Hopefund Inc. also gave $5,000 apiece to the Democratic organizations in Minnesota and New York. It has $29,000 left in its campaign account.

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