As Sen. Kelly Loeffler (R-GA) proclaims her exoneration from allegations of insider trading, she’s simultaneously building a campaign fundraising system that imagines her campaign as a Wall Street-style investment opportunity.
The Georgia Republican is offering donors and fundraisers benefit packages to support her re-election bid. Those packages come in three tiers: investor, shareholder, and board member.
That’s according to a fundraising brochure obtained by The Daily Beast, which also details each of the benefits that donors can expect from membership in what Loeffler’s campaign refers to as a “co-investor program” and has dubbed its “executive council.”
It’s common for campaigns to award such honorifics to their top donors and fundraisers. But the terms that the Loeffler campaign has chosen for its tiered donor honorees now carry some additional political baggage. Though the Justice Department chose to drop its investigation into Loeffler over her and her husband’s stock trades before the coronavirus pandemic caused the market to crash this year, the timing and size of her trades has been an albatross around the neck of her re-election effort
According to the brochure laying out the various levels of “executive council” membership, an individual must donate $1,500 and a political action committee $5,000 if they are to qualify for the “investors” title. Alternatively they can raise $15,000 for the campaign. To achieve “shareholders” status, an individual must give $2,800 and a PAC $7,500, or raise $30,000 for the campaign. The top tier, “board member” is reserved for max-out donors—$5,600 for individuals and $10,000 for PACs—or those who raise $50,000 for the campaign.
Yep, absolutely tone deaf. Meanwhile, Rev. Raphael Warnock’s (D. GA) campaign continues to keep gaining momentum:
Friday morning, the Raphael Warnock for U.S. Senate campaign announced a new round of endorsements from state officials, including members of the Metro Atlanta delegation inside the State Capitol. Included in the endorsements are House Minority Whip William Boddie and Minority Caucus Secretary Pat Gardner. Thursday, five Atlanta City Council Presidents, including current President Felicia A. Moore, along with Cathy Woolard and Lisa Borders also endorsed the Pastor of Ebenezer Baptist Church.
“I am humbled by the support of such strong leaders in this movement,” said Reverend Warnock. “Since I began my service at Ebenezer Baptist Church, I have watched and admired their leadership and work in our state for years. I look forward to working with them to fight for Georgians, and putting the interests of working people first in Washington.”
Warnock’s name was not on ballots in Tuesday’s primary election because his contest between U.S. Senator Kelly Loeffler and U.S. Rep. Doug Collins is a special election to be held on November 3rd. The two candidates with the most votes would then face each other in December, sending the winner to Washington to serve the final two years of former U.S. Senator Johnny Isakson.
Georgia is a huge state for us to win both the White House and the Senate. Let’s go all in to flip Georgia blue. Click below to donate and get involved with Warnock, Jon Ossoff (D. GA) and Joe Biden’s campaigns: