Skip to content

Wednesday, November 25th, 2009

While Clinton assesses her debts, Obama brings in the big bucks.

June 10, 2008 by maddy  
Filed under Business

Hillary Clinton Continues Presidential Campaign
Image details: Hillary Clinton Continues Presidential Campaign served by picapp.com

Political pundits continue to weigh in on Hillary Clinton’s campaign debt. As we know, Clinton loaned her campaign over $11 million – thanks to the McCain/Feingold campaign finance rules she has until the Democratic Convention (August) to re-pay herself – after the convention she can recoup only $250,000 (of the remaining loan).

As for her debt to her vendors, currently around $9.5, she has a few more options. She can continue to raise money (she, reportedly, has raised $1M since Obama clinched the nomination) to pay off the debts. She can negotiate with her vendors to reduce the amounts (however, the vendors can not simply forgive the debt, as that would constitute a donation from a corporation); interestingly, about $5 million of her debt is owed to Mark Penn’s consulting firm. Another option she has is to roll-over the debt into her 2012 Senate re-election campaign.

Clinton does have over $20 million in contributions earmarked for the general election – generally, these funds would be returned to the donors, or, with permission from the donors, the amount could be transferred to her Senate race – whether or not she can use these funds (even with donor permission) to re-pay her debts is unclear.

She could, of course, get some help from Senator Obama – while he can’t just “write her a check,” he can ask his supporters to help her.

And he’s been having a pretty good June, so far. Democratic fundraisers are predicting that he will raise over $100 million in June alone.

  • StumbleUpon
  • Digg
  • Facebook
  • Mixx
  • Google
  • TwitThis
  • Reddit
  • Yahoo! Buzz
  • Slashdot
  • E-mail this story to a friend!
  • BallHype
  • YardBarker

Comments

2 Responses to “While Clinton assesses her debts, Obama brings in the big bucks.”
  1. doodlebug says:

    I don’t imagine it will be easy to get money from Obama supporters to pay off her debt or to pay Mark Penn. Obama is raising money for the general and for the DNC, raising cash for Hillary is going to come in third at best.

  2. maddy says:

    I agree – While Obama seems to be quite adept at fundraising – his coffers, and the DNC, are definitely ahead of her.

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!


About Us | Advertise with us | Blog for EveryJoe | Privacy Policy | Terms of Use
Get This Theme | Sitemap


All content is Copyright © 2005-2009 b5media. All rights reserved.