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Hillary reported a $22.5 million debt at the end of May, more than half of which came from personal loans to her presidential campaign. The former first lady lent her campaign nearly $2.2 million during the month, bringing her total personal investment in the campaign to $12.175 million. She had $3.4 million cash on hand left for primary spending. She also had more than $23 million for the general election, money her campaign cannot use to pay off her debts.

Why is it Obama's responsibility to help Hillary pay off her debt?  Hillary raised a total of $217 million dollars and ended up in debt, Hillary's bad management skills should not be Obama's problem.

(Obama reported spending $26.6 million in May. His heaviest spending was on advertising - he spent more than $4 million buying time for television commercials. Clinton reported total disbursements of $19.2 million for the month.)

http://latimesblogs.latimes.com/...

Originally posted to groundbar09 on Sat Jun 21, 2008 at 03:55 AM PDT.

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Comment Preferences

  •  It's not his responsibility per se (2+ / 0-)
    Recommended by:
    ScientistSteve, angelesmartian

    to pay off her debt. But he's likely to help her reduce it, by appealing to some of his big pocket donors to write checks or to hold joint fundraisers.

    You don't have to help her if you don't want to -- none of your campaign contribution money will make its way into her pocket unless you explicitly put it there.

    I personally liked her concession speech, when it finally came. It wasn't easy for her. And she is now sharing her top donors with Obama, for whatever that is worth to you.

    The sleep of reason brings forth monsters.

    by beijingbetty on Sat Jun 21, 2008 at 04:02:09 AM PDT

  •  She will likely not ask her own loans to be paid (3+ / 0-)
    Recommended by:
    duha, SteamPunkX, angelesmartian

    back. But her bills are due to many small ventors. The fundraising  probably is to pay them off.

  •  They say that Hillary owes 30 million (3+ / 0-)
    Recommended by:
    samddobermann, duha, angelesmartian

    and if Obama pays that off she has big doners that could help him up to 180 million.  They could, but would they?  How many strings would be attached?

  •  Mark Penn $4.8mil (1+ / 0-)
    Recommended by:
    BlogDog

    Penn, Schoen & Berland Assoc. LLC     4,825,911.61

    Here we are now Entertain us I feel stupid and contagious

    by Scarce on Sat Jun 21, 2008 at 05:11:11 AM PDT

  •  She recently told her own fundraisers that (2+ / 0-)
    Recommended by:
    khyber900, Snickers77

    she will not be paying herself back, but is only seeking funds to pay back the vendors.

    The highest law is the will of the people. -- Fortune Cookie

    by SteamPunkX on Sat Jun 21, 2008 at 05:23:50 AM PDT

  •  Obama (0+ / 0-)

    Obama only raised about 22 Mil which seem like the clinton donors hasnt gotten fully on board.

    Obama should not help her 'till her donors gets on board for him.

  •  If you can't afford to lose (1+ / 0-)
    Recommended by:
    eXtina

    you shouldn't bet.

      •  Sorry. She didn't have the money or support to (0+ / 0-)

        keep on campaigning but didn't stop.  Even though her supporters clearly felt tapped out and didn't wish to prolong her candidacy (in the only way that matters - in donations), she felt the need to prolong it in a quest to make history, prove that she had more votes, more of the popular vote, etc., and put herself in debt. Now if she had amassed those votes without going into hock to do it, IOW if it were supported by voters, that might have been a little different. But she had something to prove and no way to pay for it, and now others have to sweep up after her.

  •  Hillary doesn't need Obama's money (0+ / 0-)

    She could send out an email to supporters and they would pay it off in a couple of months.  However, she'd rather be raising money for Obama, so some plan where Obama pays off some of her debt and she helps him raise money for the general election campaign would be of benefit to all.

    Clinton's donors do not want to contribute to Obama unless they get something worked out on this.  In a sense, a plan could be worked out where for every $10 that a Clinton donor gives to Obama, $1-$2 goes to pay off Clinton's debt and Obama keeps the rest.

    Alternative rock with something to say: http://www.myspace.com/globalshakedown

    by khyber900 on Sat Jun 21, 2008 at 07:28:42 AM PDT

    •  It doesn't work that way. (0+ / 0-)

      Obama cannot just cut Clinton a check.

      His campaign is limited the same way you and I are limited -- he's capped at a few thousand dollars per campaign.

      The Clinton donors who are already maxed cannot give more money to Hillary for this race, although she can carry the debt over to her next campaign, and theoretically they could donate then towards paying this down... But if they are maxed, they are maxed.

      What can be done is for unmaxed donors to give to her. Like Obama donors, who are maxed for Obama. It is feasible (I think I read this here on DailyKos sometime ago) for a maxed Clinton donor to write Obama a check based on a maxed Obama donor writing Clinton a check.

      But it sounds like so far, the donations from the web are just from ordinary people willing to put money in the till to pay down her vendor debt.

      Seriously, I would not worry about this. Write her a check if you want to.

      The sleep of reason brings forth monsters.

      by beijingbetty on Sat Jun 21, 2008 at 10:33:58 AM PDT

      [ Parent ]

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