Hillary Funds Own Campaign, With $5 Million Loan
Barack Obama raised $32 million in January, besting by far the $13.5 million that Hillary Clinton took in. The money isn't flowing into the coffers of the Clinton campaign fast enough to keep the enormous operation afloat, as apparently no one in Camp Hillary expected to need this much dough since Obama was supposed to be toast by now.
He's not only still in the race, but he's raising money at an astonishing clip. [What's really astonishing is how much money is needed to run a campaign of this scope. It's obscene.]
Anyway, today it was announced that Senator Clinton loaned her campaign $5 million of personal funds last month. (MSNBC):
Said communications director Howard Wolfson in an email to NBC News: "Late last month Senator Clinton loaned her campaign $5 million. The loan illustrates Sen. Clinton's commitment to this effort and to ensuring that our campaign has the resources it needs to compete and win across this nation. We have had one of our best fundraising efforts ever on the Web today and our Super Tuesday victories will only help in bringing more support for her candidacy."One of the major problems that has been raised by the MSM early on is that Clinton tapped large $ donors first; all have now maxed out on the allowable contribution and she cannot go back to that list. Obama has raised a boatload from small donors who can be tapped over and over to keep his operation competitive - and now he's ahead of the game. His latest victories almost certainly opened new, previously untapped wallets.
In any case, Clinton, in a news conference today, did some clumsy spinning about her loan to the campaign.