Everyone Calm Down. Much is being said because a someone suggested that Obama paying off Hillary’s debt would be one way to negotiate a way out of the primary race. Don’t believe this that this is an open wallet. Don’t let this stop you from donating to Obama.
here is the quote in question over at the Huffington Post
She has ruled it out, but a prompt withdrawal from the contest for the Democratic nomination offers Sen. Hillary Clinton the prospect of major rewards.
One of the most inviting is the near certainty that the Obama campaign would agree to pay back the $11.4 million she has loaned her own bid, along with an estimated $10 million to $15 million in unpaid campaign expenses
Please continue the read below.
First of all I wish there was video or a link I could provide, but I don’t have it. I had MSNBC running all day at work and when this first got brought up, a reporter who had been talking to the Obama camp said that his campaign is not keen of the idea of paying her debt and are no way ready to make that offer.
So what will happen? Simple, in the long run he’ll probably hold fundraisers on her behalf and some of these may not be till much later. There is no way he will say "here is a check for $XX million dollars you used to drag me through the mud, oh and here is your $11.4 million dollars back that you loaned yourself."
Here is how it will go down, basically. I'm no expert, by any means, but this has been done many many times in politics. He will hold private big dollar fundraisers on her behalf on the side to pay off her debt, if he chooses to go that route. The money will not come out of the funds raised or future funds raised for his campaign. If I am correct, another LLC or Corp. will be formed that will absorb the debt and it will be rectified separately from his campaign. The loan may be rectified through this entity as well since the money she loaned to her campaign "business" is a true loan with interest.
DO NOT LET THIS STOP YOU FROM DONATING, PAST DONORS AND FUTURE DONORS TO HIS CAMPAIGN WILL NOT PAY FOR CLINTON’S DEBT. We know that the RNC is revving up and preparing for a hard campaign. Obama will be financed by US, the people. This is our party, our candidate, our country. Lets get to work and start preparing for the Fall.
Over 1.5 million unique donors have already supported our nominee, lets make that number grow! Click Here To Donate To Obama and our future.
UPDATE: When you hear Obama Paying off Clinton Debt or Absorbing Clinton debt, it means it will become his responsibility, but it WILL NOT come out of the funds for his campaign. The media is basically transfering responsibilty without explaining, they are being lazy. WE WILL NOT PAY FOR HER DEBT. More than likely high dollor donors will as I explained above.
In the past campaigns even held events for their opponent where the funds went directly to their opponents accounts. Why would you drop over 20 million from the funds that you need in Nov? Why would you piss off your base that funds you? Too much is being made about this.
UPDATE 2: I emailed the Obama camp for some clarification on this. I'll let you know if I get anything back.