Money Talks: DCCC Donors Sign Letter Supporting Pelosi Speakership Bid

NEW YORK, NY - MAY 1: House Minority Leader Nancy Pelosi (D-CA) looks on during a bill signing event at John Jay College, May 1, 2018 in New York City. New York Governor Andrew Cuomo signed a bill ensuring domestic abusers are prohibited from possessing handguns and long guns in New York State. The bill also prohibits anyone with an outstanding warrant, felony, or other serious offenses from receiving or renewing a firearm license. (Photo by Drew Angerer/Getty Images)
NEW YORK, NY - MAY 1: House Minority Leader Nancy Pelosi (D-CA) looks on during a bill signing event at John Jay College, May 1, 2018 in New York City. New York Governor Andrew Cuomo signed a bill ensuring domestic a... NEW YORK, NY - MAY 1: House Minority Leader Nancy Pelosi (D-CA) looks on during a bill signing event at John Jay College, May 1, 2018 in New York City. New York Governor Andrew Cuomo signed a bill ensuring domestic abusers are prohibited from possessing handguns and long guns in New York State. The bill also prohibits anyone with an outstanding warrant, felony, or other serious offenses from receiving or renewing a firearm license. (Photo by Drew Angerer/Getty Images) MORE LESS
Start your day with TPM.
Sign up for the Morning Memo newsletter

Several Democratic Congressional Campaign Committee donors signed a letter of support for lame-duck House Minoirity Leader Nancy Pelosi (D-CA) in her bid for speakership when the new Congress is ushered in in January, Politico Playbook was first to report. 

The donors argued there was not a viable replacement for Pelosi who would engender the “same level of confidence at this critical time,” while also making veiled threats about a new speaker who might only be able to “raise half the funding.”

Co-signers of the letter include the following donors: James Atwood, Philippe Brugere-Trelat, Jim Chanos, Mitchell Draizin, Jeff Gural, Judith Hope, Michael Kempner, Marsha Laufer, Dennis Mehiel (the organizer), Karen Mehiel, Keith Mestrich, Dick Ravitch, Ken Sunshine, Maureen White and Leslie Williams.

Read the excerpt flagged in Playbook below:

“We understand and respect the fact that you are all much better informed about your internal deliberations than any of us, that this is your matter to decide. That is as it should be. However, as long time supporters of your caucus, and given the affection, and more importantly the respect, we have for Nancy, we feel compelled to share our view. …

“But we do believe the competence and effectiveness of the Leader is a critical component in motivating us to reach in our pockets. On that basis it is hard to imagine a replacement for Nancy engendering the same level of confidence at this critical time. Your recent success in winning the majority is only a first step in changing our country’s direction. As critical as it was, the coming cycle is even more so.

“Inserting ourselves into internal House Politics is not something we would normally do. But if we lose Nancy, and the new Leader can only raise half the funding, the Republicans will not reduce their funding and we will be back to the structural disadvantage that prevailed for many years.”

Latest News

Notable Replies

  1. I think this wasn’t helpful.

    Democrats generally think there is too much money in politics.

    To essentially try and say that money is at risk if things dont go the donor’s preferred way is problematic, tone deaf, and the opposite direction this discussion should be going.

    We all already knew these things, but to say them out loud hurts more than it helps.

    I support Pelosi for speaker next session, but this is unseemly

  2. Nancy “Pay-Go” Pelosi is the best Speaker that money can buy.

    Follow the money.

    And here is the threat from the 1%ers:

    "Inserting ourselves into internal House Politics is not something we would normally do. But if we lose Nancy, and the new Leader can only raise half the funding, the Republicans will not reduce their funding and we will be back to the structural disadvantage that prevailed for many years.”

    Translation: Nice House you have there. Shame if you’d lose it. So please keep “Nancy.”

    Hard to be more blatant than that.

    No democracy, no justice

  3. Catch 22…

    You don’t want the 1% involved, but you have no power without them…

  4. Shorter Bernie bros:

  5. So people are not allowed to criticize female politicians, is that your rule?

    Are you supporting Sen. Cindy Hyde-Smith (R-Racist) because she is a woman? Joni Ernst? Susan Collins? Lisa Murkowski?

    For the record, I’d like to see Rep. Barbara Lee as House Speaker.

    No democracy, no justice

Continue the discussion at forums.talkingpointsmemo.com

46 more replies

Participants

Avatar for system1 Avatar for alcaray Avatar for bikerdad Avatar for cervantes Avatar for bluinmaine Avatar for sharonsj Avatar for darcy Avatar for upstateny13027 Avatar for reggid Avatar for tena Avatar for jonney_5 Avatar for georgeh Avatar for matthew_tanner Avatar for ljb860 Avatar for kumquat16 Avatar for pck53 Avatar for 10c Avatar for causeforconcern Avatar for handyandy

Continue Discussion
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Deputy Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: