Hillary Loaned $6.4 Million To Her Campaign
By Justin Gardner | Related entries in 2008 Election, Barack, Democrats, Hillary, Money, Romney
The money game is starting to get hairy for her. Earlier this year she loaned her campaign $5 million, and now this latest brings her close to $12 million total. That’s not anywhere close to Romney’s $35 million bust, but we’re not talking about chicken feed here.
From TPM comes this from Hillary spokesperson Howard Wolfson:
“Senator Clinton gave the campaign a $5 million loan on April 11th, a $1 million lona on May 1st, and a $425,000 loan on May 5th,” Wolfson said, adding that she’d lent the campaign the money to keep pace with Obama’s spending on TV in Pennsylvania, Indiana and North Carolina.“The loans are a sign of Senator Clinton’s commitment to the race, to continuing the process, and to continuing to be competitive with Senator Obama on television and in other areas,” Wolfson said.
In addition, Wolfson said that she’s ready to loan herself more money.
My opinion? That’s unlikely. She’ll rack up these two wins in West Virginia and Kentucky with minimal expenditures, cut a deal with Obama to take care of her debt and then bow out after Obama takes Oregon handily.
This entry was posted on Wednesday, May 7th, 2008 and is filed under 2008 Election, Barack, Democrats, Hillary, Money, Romney. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
May 7th, 2008 at 11:44 am
I can see Obama covering her debts to others, as part of the effort to bring the party together. But pay off the millions that she loaned to her own campaign? That really would be a bit much.
May 7th, 2008 at 11:46 am
Or she’ll carry it to the convention hoping to torpedo Obama’s chances in the GE, basically pick at him for the summer, so she can run again in four years
May 7th, 2008 at 12:30 pm
“She’ll rack up these two wins in West Virginia and Kentucky with minimal expenditures, cut a deal with Obama to take care of her debt and then bow out after Obama takes Oregon handily” - JG
Agreed. He’ll save more money by paying her debts than continuing an expensive campaign against her. They’re probably cutting deals right now on what they’ll both do and not do on the campaign. I expect she’ll also cut a deal to take Harry Reid’s job.
Neither the Clinton or Obama campaign will do anything to prevent the party unifying now. About the only thing that could continue to drive the Clinton supporters away, are hate-filled, paranoid and arrogant Obama supporters. Since there are a lot of those, there is still some risk, but I expect they will settle down in time to avoid permanent damage.
May 8th, 2008 at 10:18 am
[...] if she’s only loaned her campaign roughly $12 million, what to make of the following Huff Post numbers that report anywhere from $10 to $15 million in [...]
May 10th, 2008 at 7:35 am
I’ve seen speculation that Hill will run as a 3rd party candidate in order to ensure a McCain victory. Then run again in 4 years. Is she really that evil? Guess we’ll find out.