Wednesday will see Warren Buffett appearing in a public event with Hillary Clinton in his hometown of Omaha, Nebraska.
You can’t run a campaign without money
Warren Buffett shies from supporting a candidate with his wallet, but this election term he has been unabashed in his support of Democratic front-runner and presumed party nominee Hillary Clinton.
Money wins elections and Hillary Clinton knows this as well as the large field seeking the other party’s nomination. Bernie Sanders has refused any and all super PAC money made possible by the 2010 Supreme Court ruling in the case of Citizens United which deemed corporations to be “people.”
Donald Trump has repeatedly cemented his “outsider” status by insisting that he would, like Sanders, also refuse this money.
[drizzle]However, Hillary Clinton enjoys the backing of Warren Buffet just not his money, and will appear on Wednesday with him in an event set to follow a fundraising lunch.
Buffett is on the record in his dislike of power controlling elections
“I support her,” he said on CNN in April 2015. “I would not write a huge check. I would go out and raise money for her. I’d be delighted to do that. I would hope to do it. I did some of that in 2008. I just don’t believe that the election should be decided by the super rich.”
With Donald Trump tweeting that he would consider Carl Icahn for Secretary of the Treasury, later met with Icahn’s tweeting that he “would accept the post,” it’s nice to see that Hillary is looking to Buffett. Presumably, a large portion of the electorate knows neither by name but their support matters to some.
While fundraising for Clinton on Wall Street last week Wednesday, Buffett was in attendance for a fundraiser at the home of Blackstone Group LP President and COO Hamilton “Tony” James. The event raised around $400,000 for the Hillary Victory Fund. The proceeds, by charter, means the money was split equally between the Clinton campaign and the Democratic National Committee.
Omaha isn’t in Iowa
Nebraska, like Iowa, doesn’t hold primaries, but each caucus. While Nebraska’s caucus won’t come until March, Iowa starts the election season proper with its caucus on February 1st. Roughly the southern third of Iowa’s residents receive network feeds out of Tulsa and Clinton and her campaign are certainly looking for network coverage.
Nebraska Senator Bob Kerrey, a Democrat who once ran for the Democratic nomination against HIllary’s husband and former two-term president Bill Clinton perhaps said it best, “If Warren were living in Sioux Falls, South Dakota, I don’t think we’d be having this conversation.”