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. 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.
The Bunker: Hillary’s Last Days.
Not like it matters, they will make out a deal for her to get her debt paid off. Obama, DNC, and the Democratic Senatorial Chair will all paid together to pay off her debt…probably in exchange for her to campaign for Obama.
Well, we certainly know what she DIDN’T spend the money on:
http://www.politico.com/news/stories/0308/9274.html
I suppose the details are at the FEC website — I didn’t check — but I’m guessing that Hillary had a larger percentage of general election receipts in her fund raising than did Obama.
Donors to presidential campaigns can contribute up to $2,300 for the primary elections and up to $2,300 for the general election. The general election funds must be kept separate and, if the candidate does not win the nomination, returned to the donors. The general election funds CANNOT be used to pay off any primary election debts.