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Hillary Clinton's $5 Million Campaign Loan - And Does Obama Have the Delegate Lead?
By
Jen Chung
Published Feb 6, 2008
Modified Mar 7, 2008
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By
Jen Chung
Published Feb 6, 2008
Modified Mar 7, 2008
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Photograph of Hillary Clinton giving a speech last by Angela Radulescu on Flickr
After successful (if not decisive enough overall for the nomination) Super Tuesday primary results, Hillary Clinton is thinking about the immediate future of her campaign, by considering loaning $5 million to the effort. And this comes as her campaign spokesman Howard Wolgson revealed she already loaned the campaign $5 million last month! From the Post, here's Wolfson's quote:
Late last month Sen. 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 stoday and our Super Tuesday victories will only help in bringing more support for her candidacy.
The Times' Caucus blog offers up some speculation: Donors are maxed out and potential ones might not be impressed with the good but not resounding wins, but "news that she’s willing to lend her campaign money may wring some money out of supporters who’ve been watching from the sidelines."
The Post, which endorsed Barack Obama (the Times endorsed Clinton), who raised $32 million last month with 170,000 new donors, went the more dire route, writing the "loan signaled potential problems for Clinton in terms of resources -- and will likely make life harder for her fundraisers as they try to secure money from donors in the coming days."
And The Politicker's Azi Paybarah reports that during a conference call with "Hillary Clinton surrogates", Congressman Jerry Nadler said, “I think last night really stopped what was building up to be a very strong Obama momentum. It seems to me at least that a lot of what he said is awfully vacuous. There isn’t much there.”
Well, there was something there - because now projections say that Obama's Super Tuesday wins may give him the delegate lead! After some number crunching, his campaign manager said, “By winning a majority of delegates and a majority of the states, Barack Obama won an important Super Tuesday victory over Sen. Clinton in the closest thing we have to a national primary.”
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Azi Paybarah
barack obama
campaign funds
clinton
election 2008
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hillary clinton
obama
Super Tuesday
The Politicker
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Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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