Reading earlier this week that Hillary Clinton made another multi-million dollar loan to her campaign, $6.4 million earlier this month (on top of $5 million earlier this year), I wondered where has all her money gone.
The media has focused on the vast sums her rival, Democratic frontrunner Barack Obama, has raised.Â But, thanks in large part to her husband’s operation and appearances, she also raised a considerable chunk of change. Just over a year ago, the Washington Post reported that she had shattered the record for fundraising at that point in a presidential election (first quarter of the year before the vote).
As of March 31, she had raised nearly $190 million. And while not devoting significant resources to the caucus states (as did her Senator) and while he “vastly outspent” her in recent contests, her “campaign had started April with more than $10 million in unpaid debts.”
She doesn’t seem to have spent her money very effectively. Maybe that’s why she’s so enamoured with government programs. Like them, her campaign takes in lots of money, but to little positive effect.