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Hillary (and Bill?) Loan Her Campaign $6 Million More

May 07, 2008 9:54 AM

The Clinton campaign reports today that in the last month Sen. Hillary Clinton, D-NY, has loaned herself $6.425 million in the last month -- bringing her grand total of "loans" to her campaign $11.425 million, putting on in place to be the second biggest self-funder this election cycle, behind only former Massachusetts Gov. Mitt Romney.

The loans were:

$5 million on April 11; $1 million on May 1; and $425,000 on May 5.

The dates are significant because she still felt the need to loan herself money even after her impressive win in Pennsylvania on April 22 -- meaning the $10 million she raised in the 24 hours after that win was not enough.

One other point of possible significance.

After her $5 million January loan was disclosed, Clinton said "I loaned the campaign $5 million from my money."

MY money, she said.

"The loan is from Senator Clinton's share of their joint resources," a Clinton spokesman told reporters, clarifying the point even further.

Sen. Clinton earned slightly more than $10 million (including an $8 million advance) for her memoir, Living History.

She has now loaned herself more than that -- $11.425 million -- meaning, presumably, she may now be lending her campaign funds former President Bill Clinton earned.

Their joint assets are their joint assets -- but she's the one who split the hairs on "my money" back in February.

More to the point, this news may give the media more of a reason than ever to inquire as to how the former President has made his money -- something he has been reluctant to discuss.

- jpt

May 7, 2008 | Permalink | Share | User Comments (103)

User Comments

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Why would we want Hillary as president to turn around our economy when she can't drum up financial support anymore and her campaign is so in debt?

We all know that she got big money from the democratic power elite and they are tapped out.

Sounds like Barack's supporters are more convinced he will win I guess.

Posted by: citizenvoter | May 8, 2008 10:05:02 PM

She needs help. She should attend Gambler's Anonymous.

Posted by: Debbie | May 8, 2008 2:36:18 PM

No! She raised the money less than 24 hours after Indiana win. Or they're probably beginning to see the need for sincerety and frankness.

Posted by: ambrose | May 8, 2008 12:09:13 PM

I wonder how much money Obama contributed to his campain. He is millon dollars maker too. So much money he collected are from those who are struggling to make living.

Posted by: lee | May 8, 2008 8:20:19 AM

As an i who voted for her I just changed my vote---I keep hearing that she got a clear win in Florida and Michigan-- sure if you opponent isn't on the ballott orrr told not to campaign in those States then you are going to sneak in and get some votes. Are we really that stupid? My friend in Virginia is making little blue Monica
dresses with a cigar belt buckel, just in case she gets the nod!

Posted by: Katy D | May 8, 2008 7:51:47 AM

So... why is it she keeps 'loaning' her campaign money??? IIRC when other candidates have 'self-funded' themselves, it has not been publicized as 'loans'. I'm guessing there is some 'payback' option with a loan... maybe when her campaign files for bankruptcy she can claim the loan as a 'loss' on her taxes??? Maybe the loan can sit until she resurects ANY campaign again and then she can first and foremost pay herself back??? There has to be some reason she has chosen to 'loan' her campaign the money, versus just giving it to the campaign.... Smells if you ask me...

One should question why she is not getting funding from these uneducated white and blue collar workers that are supposedly flocking to her... after all Obama seems to be getting plenty of funding from his college students and first time voters. Why is it that the suposedly uneducated white/blue collar workers aren't willing to put their wallets behind their votes the way the young or educated people are???

Why is is Clinton keeps saying Obama is an elitist and out of touch when she's the one able to loan her campaign more than $10 million???? How many of her supporters could loan anyone $10 million??? She's so out of touch with society and those she supposedly represents. She lives a very different life than most americans... Obama is way closer to the average Joe on the street... probably the closest of all three candidates...

Posted by: Wondering | May 8, 2008 3:38:14 AM

Remember when President Clinton left the White House he was so much in debt he was asking for public donations to help pay his legal fees. Much of their accumulated wealth since then has come from his appeal on the speaking circuit.

This campaign so far may have done great damage to his appeal and his legacy. He may have also done enough damage to his relationship with blacks that he may no longed be welcome at his Harlem office. Now it seems that this campaign is cutting deeply into his bank account.

After his Presidency, they said he owed Hillary a lot. Well he is paying now and he is paying dearly.

Posted by: jrenkx | May 8, 2008 2:01:25 AM

If the Us presidencey was for trade, Mitt Romney would have won the republican nomination. Hill the Bosnian General it is too late and too little. The 109 million will not make it, the 800 000 from Urube in Colombia will not make it, the cheap gas holiday an idea stolen from McCain will not make it and old politics will not make it this time around. God bless America and God bless Obama. OBAMA08.

Posted by: BKMC | May 8, 2008 12:58:58 AM

Notice that when it's her money, it's a "loan" not a donation. She wants you to donate, but she "loans" her money. Sign of confidence ?

Posted by: kneedermyer | May 8, 2008 12:50:22 AM

The small town, "Scranton" girl who
lived on a shoestring for years with
Huck Finn Billy and made political
history sure is doing well these
days. The capitalist system that
lefties decry sure seems to raise
all boats... wish they would sometimes
admit it in public and allow other people to go for the bucks.

Posted by: interferon | May 7, 2008 10:55:17 PM

mpwdc, what do you mean Obama is a spoiler. So he ran against Hillary. He didn't split the party. Hillary supporters did. Most Obama supporters will vote for Hillary because we know McCain will destroy are economy even more. That should be your #1 priority unless of course you're not hurting. But I am. But please don't blame Obama for getting the votes. You are taking this way too personal.

Posted by: lisa | May 7, 2008 10:03:43 PM

How can you call Obama someone who "unites" when he chose to run this election cycle against the best woman candidate that we've ever had? His candidacy has SPLIT the Democrats right down the middle. If ANYONE thinks this Party is coming back together after August..no matter who the nominee is...they are wrong. The Party is cooked and McCain will be elected in November.I will never vote for Obama, the face of inexperience and unanswered questions. He is the "spoiler" of 2008.

Posted by: mpwdc | May 7, 2008 9:52:31 PM

We know that some of Bill's "speaking" engagements netting him big bucks from the Colombians. We know the Chinese have contributed heavily to his "foundation". We do need to now the rest if she stays in this race.

After all, aren't there laws requiring disclosure?

Posted by: Sick of Both Clintons | May 7, 2008 9:49:20 PM

So, she has loaned her campaign a total of $11,425,000! This means that she would have to work in the White House for 28+ years to recoup the $400,000 annual salary of the POTUS!

Talk about Power Trippin'!

OBAMA/WEBB '08 & '12

Posted by: Roxanne | May 7, 2008 8:54:48 PM

steve
I hope obama does not want the clintons to campaign for him this fall.
don't you?
she should just go back to the senate and get on with her work.
and bill should go on with what he was doing.
she should concede, obama should do the show thing, and let her go on-and not have her around in the fall.

Posted by: justsaying | May 7, 2008 8:40:02 PM

To MPWDC
Does Hillary really care enough or is she just so obsessed with power or desperate enough for that power to put up her own money? You can't trust her. Don't forget. Her husband is the one that stared down the barrel of an international tv camera and repeatedly and deliberately bold faced lied to the entire world. Has everyone forgotten he was impeached in disgrace? She talks about Obama's relationship with his pastor. Look at the company she chose to keep!

Posted by: Steve | May 7, 2008 8:36:42 PM

Cliff: It's people like you who really guarantee a McCain win.

Posted by: mpwdc | May 7, 2008 8:16:17 PM

If Obama becomes the democratic nominee I will vote for McCain.

Posted by: Felix | May 7, 2008 8:05:10 PM

Hilry claims vast experience and 35 yrs etc. Bull...she is a total wreck who can't manage her own campaign finance. No way this woman can improve our difficult economic situation.

She just claims too much, and is a chronic wacko liar!!!

Posted by: CLIFF | May 7, 2008 7:59:16 PM

voter viewer,
I hope obama does not let hillary or bill campaign in the fall for him
she should just go back to the senate and do her work.

Posted by: justsaying | May 7, 2008 7:55:50 PM

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