Tuesday, July 24, 2012

Head of the Donor Class | Washington Free Beacon

Head of the Donor Class | Washington Free Beacon: One of Barack Obama’s largest campaign bundlers is also the leader of a secretive Democratic money machine.

Kelly Craighead, who has pledged to raise at least $500,000 to Obama’s reelection campaign, serves as president and managing director of the Democracy Alliance, a group of wealthy Democratic donors founded in 2005 with seed money from left-wing billionaire George Soros.

The Alliance serves as a clearinghouse that connects donors to endorsed organizations—such as the Center for American Progress and the pro-Obama Super PAC Priorities USA—without threat of disclosure. The Alliance is not listed in any phonebook, and does not disclose its donors or endorsed organizations.

“This helps the donors dodge disclosure laws, and grants them anonymity,” said campaign finance expert John Samples. “By giving to a group like Democracy Alliance, it reduces your risk in an election year if your company may have business with the government and doesn’t want to lose that under a potential Romney administration.”

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