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Clinton debt between $20 and $30 million & rising
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hillarynews
Joined: 24 Jan 2007
Posts: 2255
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 Posted: Sat May 10, 2008 12:00 pm Post subject: Clinton debt between $20 and $30 million & rising |
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 Clinton debt between $20 and $30 million & rising
By: Edward Luce & Stephanie Kirchgaessner Financial Times - It took 20 years for John Glenn, the former astronaut and Democratic senator, to repay the debts that he ran up in his failed bid for the presidential nomination in 1984.Nobody is predicting that Hillary Clinton, whose campaign debts are estimated at between $20m and $30m - and rising - would take that long to meet her obligations. But the financial strain is getting more difficult with each day.
Category: Spotlight
By: Edward Luce & Stephanie Kirchgaessner Financial Times - It took 20 years for John Glenn, the former astronaut and Democratic senator, to repay the debts that he ran up in his failed bid for the presidential nomination in 1984.Nobody is predicting that Hillary Clinton, whose campaign debts are estimated at between $20m and $30m - and rising - would take that long to meet her obligations. But the financial strain is getting more difficult with each day.Having raised little more than $1m (€650,000, £510,000) since her defeat in North Carolina and narrow victory in Indiana last Tuesday, compared to $10m in the days following her Pennsylvania win last month, Mrs Clinton’s decision to fight on is almost certainly adding to her mountain of debts.“I don’t recall the last time any candidate faced withdrawal from the race with debts of this magnitude,” says Michael Toner, the former head of the Federal Election Commission. “She began the race with the most formidable money machine in modern history and she looks likely to end it in record debt.”The financial story of Mrs Clinton’s bid offers a glimpse of her campaign’s broader failures. The principal mistake was to assume that she would comfortably “outraise” her rivals. Although she has garnered what would have been a record $190m since January 2007, Barack Obama has raised almost $240m. This was in spite of Mrs Clinton beginning the race with $9m carried over from her Senate re-election campaign a few months earlier.
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Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
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