Clinton loans more money to her defunct campaign
NY Times:
For a couple who lived in public housing most of their adult life they made great strides during the Bush administration going from the crushing burden of millions of dollars in legal bills to a net worth over around $100 million before her campaign started.
It looks like she will still not have spent as much as Mitt Romney in a losing effort, but I suspect she better be prepared to write off the money she loaned her campaign.
I was really looking forward to hearing someone who went from being essentially insolvent to a net worth in the nighborhood of $100 million complain about the Bush economy in this year's election. Now I have to make do with a candidate who went from having his credit card declined in 2000 at the party convention to being worth only $4 million. I guess Obama was just another victim of the Bush economy.
Senator Hillary Rodham Clinton lent her campaign an additional $1 million at the end of June, underscoring the difficulty she is having staying ahead of creditors and retiring a mountain of campaign debt, filings with the Federal Election Commission show.It is a good thing for her that the Bush economy was so good that she and Bill became multi millionaires after leaving office.Even though the fight for the Democratic nomination came to a close in early June, with Senator Barack Obama emerging as the presumed nominee, Mrs. Clinton’s debts to vendors increased to $12 million at the end of the month from $10.4 million at the end of May. In addition, after her latest loan on June 30, Mrs. Clinton has now lent her campaign a total of $13.2 million.
Mo Elleithee, a Clinton spokesman, said the additional loan was made to “pay immediately outstanding debts.”
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For a couple who lived in public housing most of their adult life they made great strides during the Bush administration going from the crushing burden of millions of dollars in legal bills to a net worth over around $100 million before her campaign started.
It looks like she will still not have spent as much as Mitt Romney in a losing effort, but I suspect she better be prepared to write off the money she loaned her campaign.
I was really looking forward to hearing someone who went from being essentially insolvent to a net worth in the nighborhood of $100 million complain about the Bush economy in this year's election. Now I have to make do with a candidate who went from having his credit card declined in 2000 at the party convention to being worth only $4 million. I guess Obama was just another victim of the Bush economy.
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