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Elizabeth Warren Builds Small Donor Army, Pulls In Big Liberal Donors

Elizabeth Warren

First Posted: 10/18/11 06:12 PM ET Updated: 12/18/11 05:12 AM ET

WASHINGTON -- The month-old Senate campaign of consumer advocate Elizabeth Warren has attracted contributions from big liberal donors, her colleagues at Harvard, and, most notably, a huge base of small-dollar donors, according to her campaign's first filing with the Federal Election Commission.

Of the $3.15 million that Warren raised for her challenge to freshman Sen. Scott Brown (R-Mass.), 56 percent ($1.7 million) came from donors giving less than $250. Considering Warren’s star status across liberal blogs, it is not surprising that she would be able to raise money in small chunks.

But the money her campaign is also raising in big chunks is coming from some notable names. The billionaire hedge fund manager and well-known liberal donor George Soros donated $2,500 -- the maximum donation allowed per individual, per election. The Soros family has also ponied up with Soros’ daughter Andrea, her husband Erik Colombel, Soros' son Alexander and Jennifer Soros, the wife of Soros' other son Jonathan, each chipping in $2,500 to the Warren campaign.

Well-known Democratic donors giving to Warren include singer Barbra Streisand, filmmaker Steve Bing, television producer Marcy Carsey, businessman Leo Hindery and DreamWorks CEO Jeffrey Katzenberg. They have each given $2,500 to the campaign.

Warren’s campaign, which still has to go through a Democratic primary, is already getting support from Democratic lawmakers in Washington, D.C. Sen. Harry Reid (D-Nev.) and Sen. Dick Durbin (D-Ill.), the top two members of the Democratic Senate leadership, each gave $5,000 through their leadership PACs. Sens. Tom Harkin (D-Iowa), Kay Hagan (D-N.C.), Kirsten Gillibrand (D-N.Y.) and Debbie Stabenow (D-Mich.) gave a combined $7,000 through their leadership PACs. Sen. Jeff Merkley (D-Ore.) personally gave $250 to the Warren campaign and Bay State Rep. John Olver (D-Mass.) donated $2,500.

Colleagues of Warren’s at Harvard University are also very supportive of her bid, contributing at least $32,250 collectively.

The Warren campaign has spent very little of the money that it raised, only $110,388. The Huffington Post reported on Tuesday that Warren paid $8,275 to the Hillary Clinton for President campaign committee for access to the campaign’s list. The Warren campaign also paid $2,500 to the Democratic Party to rent their list.

Introduces Financial Product Safety Commission
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Elizabeth Warren announced a bill creating a Financial Product Safety Commission with House and Senate Democrats in March 2009. The body was designed to have oversight over mortgages and other financial instruments to protect consumers against predatory practices. She said if the agency had existed before the subprime collapse then "there would have been millions of families who got tangled in predatory mortgages who never would have gotten them." HuffPost's Ryan Grim reported:

Without all these toxic assets on banks' balance sheets, the institutions wouldn't be on the brink of collapse and the recession would be more manageable. "Consumer financial products were the front end of the destabilization of the American economic system."

Sen. Charles Schumer's cosponsorship of the bill is notable because of his proximity to Wall Street. The bill's merit, the New York Democrat said, is that it regulates the actual financial product rather than the company producing it.
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WASHINGTON -- The month-old Senate campaign of consumer advocate Elizabeth Warren has attracted contributions from big liberal donors, her colleagues at Harvard, and, most notably, a huge base of smal...
WASHINGTON -- The month-old Senate campaign of consumer advocate Elizabeth Warren has attracted contributions from big liberal donors, her colleagues at Harvard, and, most notably, a huge base of smal...
 
 
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COMMUNITY PUNDITS
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CabinAgue 10:23 PM on 10/18/2011
For ciscoguy, who seems to not have quite all the facts about Texas:

http://factcheck.org/2011/08/texas-size-recovery/

I particularly liked this part:
In fact, if we look at the June 2009 starting point that Perry refers to, unemployment got worse in Texas – going from 7.7 percent in  Read More...
and:
Since Perry took office, private sector employment has gone up by 10 percent and government sector employment has climbed 18.3 percent
and this:
Perry also has used state money to encourage job growth outside government, giving grants to businesses to create jobs as part of the Texas Enterprise Fund.
Gosh, I don't know, but isn't there a GOP slogan something like "government can't create jobs"?  And yet, Perry (and ciscoguy!) sure love to tout employment numbers directly resulting from government jobs or government stimulus.  Funny, no?
Charles W Noble
rain drops make rivers flowing in the ocean
11:48 AM on 10/26/2011
She has a nice face....looks so humble...almost a Mother Theresa. But this woman has always gone for the gold ring for herself. Professor at Harvard to train the new Goldman Sachs of the world and now a senator. She seems to be gaining a lot from poor people. Why should anyone believe that she's for real???? We don't even understand her driving passion.
04:24 PM on 10/25/2011
She totally fits the bill for http://beyourgovernment.org, as a candidate who won't be bought by corporations. She ... and maybe even you! It's totally possible with the Internet. Check it out.
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HUFFPOST SUPER USER
jerdan25
08:11 PM on 10/21/2011
we love you elizabeth, you are one of the most honest people I know, in and out of politics
HUFFPOST SUPER USER
marklincoln8
05:01 PM on 10/21/2011
Elizabeth has the GOP running scared and that's good enough for me.
05:58 PM on 10/20/2011
Well I am glad to see someone come out and say the liberals are the ones with all the money.
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HUFFPOST SUPER USER
slocomgp
04:02 PM on 10/21/2011
With ALL the $$$$$$$? Are you serious?
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HUFFPOST SUPER USER
pakaal
Pigs, in cages, on antibiotics
10:07 PM on 10/21/2011
Didn't you know? Apparently we actually comprise the top 1%! Come now, like me, you too are surely living in a palatial mansion, drinking champagne and cajoling the servants for not serving it at precisely 47 degrees fahrenheit, even as you type your comments in on your personal Cray computer? Let us not deny these new-found riches, let us instead enjoy them!
HUFFPOST SUPER USER
jmac44
File it under GOP just dont give a.....
01:14 PM on 10/22/2011
No, just had to get in his trite comment... Its seems the more stupid the comment the more they get paid or something...
HUFFPOST SUPER USER
marklincoln8
04:43 PM on 10/21/2011
We are the ones with thousands of small donations but big oil can slip in millions through under the tables matching our small donations eith pocket change.
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HUFFPOST SUPER USER
M Grey
07 Saluting our armed forces
02:19 PM on 10/20/2011
Can someone explain why a woman worth $3.5 Billion needs any donors at all.
HUFFPOST SUPER USER
jmac44
File it under GOP just dont give a.....
01:17 PM on 10/22/2011
Brown... ? Romney...? Do ya think they wrote out personal checks.... these two crooks could buy and sell Warren and her measley 3.5... if she is really worth that... I wouldnt believe anything coming out of a Fox Comedy News Show....
HUFFPOST SUPER USER
RLaitres
No wise person will claim to be wise.
04:01 PM on 10/25/2011
Interesting, where did this $3.5 Billiion figure come from. Source please! There are billionaires in this country but she is not one of them, at least not to our knowledge.
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HUFFPOST SUPER USER
M Grey
07 Saluting our armed forces
04:34 PM on 10/25/2011
Came from Forbes magazine - and it was a misleading article. I already discussed this in other comments.
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HUFFPOST SUPER USER
rgilley
12:46 PM on 10/20/2011
These grass roots donors are just the begining. WHEN Ms. Warren runs for President in 2016 she will break all the records for small donors. I for one will be glad to give the maximum amout allowed by law.
American middle class workers Need an "elite hick" on thier side!
09:25 AM on 10/26/2011
I totally agree! and very glad to hear it being stated. Her explanation of the collapse and her vision for the future are both so crystal clear.
12:45 PM on 10/20/2011
I love it when unions and big liberal donors spend a wad and lose anyway.
06:15 PM on 10/20/2011
you will eat those words
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HUFFPOST SUPER USER
slocomgp
04:05 PM on 10/21/2011
Do your parents know you on the computer?
09:01 AM on 10/20/2011
I have NEVER given to a political cause or individual's campaign. I'll be changing my *tune* to be a part of those helping Ellizabeth Warren make it into the Senate.
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HUFFPOST SUPER USER
rgilley
12:47 PM on 10/20/2011
Fanned for common sense!
HUFFPOST SUPER USER
edgySF
If God had enemies, they would be the fear mongers
02:29 PM on 10/19/2011
She could be our first female president! :)
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HUFFPOST SUPER USER
rgilley
12:48 PM on 10/20/2011
Wrong!!
She WILL be our first female President in 2016!!

;) fanned
HUFFPOST SUPER USER
marklincoln8
04:49 PM on 10/21/2011
I still believe Hillary will be.
12:27 PM on 10/19/2011
The Occupy Wall Street people need to get organized in Massachusetts to get the voters out for Warren. Energize the high school and college kids to knock on doors in their finest preppy attires. Put on a "Occupy Wall Street for Elizabeth Warren" button.
MHT73
words matter
01:37 PM on 10/21/2011
First, they should all plan to VOTE!!
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HUFFPOST SUPER USER
slocomgp
04:06 PM on 10/21/2011
Actually energizing would come first.
HUFFPOST SUPER USER
ALoayza
I've been duped by the Rockefellers.
09:59 AM on 10/19/2011
The President of the 99%.
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jenkait
Elizabeth Warren for President!
02:23 AM on 10/20/2011
You are fanned...
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HUFFPOST SUPER USER
rgilley
12:48 PM on 10/20/2011
You are fanned again!
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HUFFPOST SUPER USER
M Grey
07 Saluting our armed forces
02:17 PM on 10/20/2011
Wolf in sheep's clothing. She's worth $3.5 BILLION. She doesn't need the small donor's army. She doesn't need any donors. She wants it for show and so she doesn't need to spend out of pocket expenses. Share the wealth folks!
HUFFPOST SUPER USER
ALoayza
I've been duped by the Rockefellers.
10:28 PM on 10/20/2011
You need to provide proof. She did not inherit any wealth from her middle-class parents. She never worked on any cases in her years as a lawyer that would have gotten her anything close to Billions. She's taught most of her life. She married another professor of law. They are both Authors. Do the math for $3.5 Billion or at least provide a link. Otherwise you sound like a plant for Wall Street and Scott Brown who is THE highest Wall Street lobbied Senator in the Senate. Proof. Proof. Proof.
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jenkait
Elizabeth Warren for President!
12:02 AM on 10/21/2011
You've said this twice now, that Elizabeth Warren is worth "3.5 billion". I've been following her career the last couple years and I've never heard anything like that. Please provide a link.
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Luanne Taylor
be an OTHER
09:48 AM on 10/19/2011
had to reread this, so pleased to be a part of the Small Donor Army....ha
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HUFFPOST SUPER USER
new beginning
Practice random acts of kindness-change the world
07:57 AM on 10/19/2011
Hmmmm. Warren taking big campaign donations.... Guess she ISN'T above pay to play after all!
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HUFFPOST SUPER USER
rgilley
12:51 PM on 10/20/2011
Pay to play is Gov Perry's specialty. And of course the Koch brothers and Rove will be giving at least 100 million to him if he's nominated. Their right wing SCOTUS changed the rules just for them.
Fascism Always approaches from the right! Always!
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HUFFPOST SUPER USER
new beginning
Practice random acts of kindness-change the world
01:21 PM on 10/20/2011
Hmmmm. Obama is charging $35K a pop to pay to play with HIM.
07:56 AM on 10/19/2011
This liberal harridan is a clueless hypocrite.
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HUFFPOST COMMUNITY MODERATOR
CabinAgue
We are ALL in this together.
09:17 AM on 10/19/2011
Have you ever heard of the "Dunning-Kruger Effect"?
10:18 AM on 10/19/2011
that for posting this. had never heard of it and now the world is clearer. :)
10:48 AM on 10/19/2011
Are you kidding? This Republiclown hasn't even heard of the "Doughnut-Cruller Effect."
10:40 AM on 10/19/2011
"Harridan?" How hilariously perfect! A Klanservative wants to hurl a sexist insult and instinctively reaches back to the 18th century to do it. Gee, why stop there? Go Medieval. Call her a wench! A sorceress!

There is nothing funnier than unintentional self-parody, and the Tea Klux Klan will give us many hours of entertainment before they go the way of their political predecessors like the Dixiecrats, the Copperheads, the Know Nothings and all the other gaggles of fools who thought they could base entire movements on the flimsy foundations of bigotry.
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HUFFPOST SUPER USER
pakaal
Pigs, in cages, on antibiotics
10:17 PM on 10/21/2011
I'm liking the "harridan" thing. I think it's time we brought back more exclamations like "zounds!" and "odds bodkins!" into the daily vernacular.