Clinton Needs Cash to Settle Campaign Debt
By Pamela Gentry, Senior Political Producer
(June 26, 2008) –Obama’s donors may need to pick up where Clinton’s donors don’t. Money problems remain for Clinton. Sen. Hillary Clinton may have suspended her campaign, but she hasn’t been able to suspend the debts her campaign racked up with consultant and vendors during the primary fight for the nomination. In coming weeks, she will learn whether her primary supporters are willing to put their money where their mouths are and write checks to help the New York senator get out of debt.
Since suspending her presidential her campaign June 7, Clinton has been working feverishly to retire millions in campaign debts. On Wednesday she made an appeal via the Internet to supporters, asking them to make donations.
In her appeal, Clinton wrote, “I made a promise to you, and I intend to keep it. I told you that if you stood up for me, I would always stand up for you. You did more for me than I could have ever imagined, and I’m going to keep my end of the bargain and keep fighting for what we believe in – in the Senate and on the campaign trail, helping to elect a new Democratic president and a bigger Democratic majority in Congress.”
It looks like she’s already getting some needed assistance from former rival Sen. Barack Obama. Obama has asked members of his National Finance Committee to contribute to Clinton’s campaign if they could.
During a news conference Wednesday in Chicago, Obama told reporters, “What I said was to my large donors who are in a position to write large checks, to help Sen. Clinton retire her debt, or at least a portion of it. And I think they’re going to be those who are willing to do so.”
Now that the primary season has ended, individual donors can contribute $2,300, but with Clinton’s debt in excess of $10 million, she will need thousands of donors to climb out of about $30 million in the red.
The tone of Clinton’s appeal to supporters was one of urgency. “As you know, I had to loan money to my campaign at critical moments. I’m not asking for anyone’s help to pay that back. That was my investment and my commitment because I believe so deeply in our cause,” she wrote.
A joint Democratic Party fundraiser is scheduled this month with appearances by Clinton and Obama. But any money raised there can only be used for the general election and not for lingering primary debt.
If Clinton’s supporters don’t come to her rescue and she has to rely on Obama’s contributors to bail her out, she may also be required to work a lot harder to help get those reluctant Clinton supporters come on board.
Clinton needs money to pay her debt? Running for the democratic nominee was Clinton choice. Clinton and her supporters planned her ads, commercials, rallies and everything else. She knows that she is responsible for her own debt.
I do beleive that the majority of Clinton supporters are already on board.
Senator Obama once again is proving that he is a decent, honorable Christian man. The kind of man that I would want handling foreign policy. He’s not a bully and he’s definitely not a punk. His opposers keep slinging dirt on him and he keeps rising above the muck.
WOW….I just read this on a hot forum on rider dating site ____Riderlove.com____ which is a hot dating site for all cow girls and boys.
I have said once and will echo it again. 18 million voters at one dollar a piece will bring your debt down. You should have quit, bringing down the moral of the DNC. She would have made a great running mate, if she had the sense to stop listening to Bill
Gwenola
You are correct.What good is party unity when purchased via EXTORTION ?
Tell Hillary, to sell one of her houses.
She got 3 houses,now 1 of them is $20,000.00
In steed of begging for help. Sell a house to
pay your own debt.
Obama don’t do it. let her sleep in the bed she made. this is america - survival of the fittest.
I would not give her one red cent.
Obama wants to get Hillary out of debt to help him win the presidency to get the US into more debt with 850 billion dollars of new spending.
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