"Clinton was spending $1.10 for every $1 raised", "Back to donors, cap in hand, after every victory"

[rainbow4321]

http://www.thestar.com/News/World/article/418672

Obama is far ahead of Clinton in advertising in Indiana and North Carolina, the two states that vote May 6. If that spending can win him a victory in the Hoosier state and improve his margin in North Carolina, the race would be all but over. He's already running ads in Oregon, which votes May 20. "You can't buy TV time on credit," Corrado says.

<snip>


Obama, from the outset, has been more adept at tapping small donors, with Clinton following the more traditional route of going for the bigger fish.

She also got more donors to give to their limit early as part of a failed strategy of clinching victory by Super Tuesday, Feb. 5. Since then, she has had to go back to donors, cap in hand, after every victory.

She is also carrying substantial debt. At the end of March, Obama was spending 75 cents of every dollar raised, while Clinton was spending $1.10 for every dollar raised.

[anonymous171]

1. His donor base will come in handy in the GE

[SoCalDem]

4. and he has proven that he will help down-ticket races financially

He was primarily responsible for helping us take Hastert's congressional seat..

[Kber]

32. Very helpful, I'll buy, but if you hadn't had a great candidate

it wouldn't have mattered.

[RazBerryBeret]

2. Good Idea...

to have her overseeing our country's economy...
jeesh.

[rainbow4321]

8. $5 mil debt to herself, $15.3 mil debt to creditors

per the article.

And that doesn't even include what damage was done in April, leading up to the PA primary.

There is a reason she is begging for more debates..she cannot afford airwave time in the upcoming states. Meanwhile, Obama is already running ads in Oregon...3 steps (or states, in this case) ahead of her.

Is it any wonder her people were begging for $5 donations this past Tuesday evening??

[Liberal Gramma]

13. The other reason they were asking for $5 donations is to make her

stats look better: with a higher number of small donors, she can look more like a populist and less like a corporatist.

[SoCalDem]

3. "...she owes $15.3 million to creditors..."

speaks volumes

[Andy823]

7. What I want to know is

When is she going to pay those people who she has owed money to for months now, and who gets paid first, Penn and his rich buddies, or the average guy trying to make ends meet? She has shown poor management skills when it comes to money if you ask me!

[SoCalDem]

10. Apparently...the 21st of

NEVER..

Bill C still "owes" money to people from campaigns.
someone posted a link the other day..

[rainbow4321]

12. Well, let's take a peek...

at her FEC list

http://query.nictusa.com/pres/2008/M4/C00431569/D_DEBTS_C00431569.html

Still owes a YMCA:

Hoerner YMCA 750.00

And more school districts/universities (i.e local/state taxpayers)

Belpre City School District Attn: Eva K. Yeager 1,164.60
Bergen County Tech. Schools 2,591.48
Biloxi Public Schools Office of Support Services 1,100.00
Bowie State University 1,969.48
Cleveland State University Attn: Carolee Pichler 8,499.00
Kannapolis City Schools 660.00
Lima City School Attn: Office of Treasurer 1,290.00
Stephen F. Austin State Univ. 870.33
Toledo Board of Education Treasurer's Office 4,800.82
University of Maine Attn: Accounts Receivable 3,370.91
University of Pennsylvania Perelman Quadrangle/VPUL Fac. 11,502.00
University of Texas @ Brownsville 1,380.66
University of Toledo 1,553.01
West Lafayette Community School Cooperation 985.90


But all is well in Hillaryland because Mark Penn's group got paid:

http://query.nictusa.com/pres/2008/M4/C00431569/B_PAYEE_C00431569.html

Penn, Schoen & Berland Assoc. LLC 2,963,802.00

[tishaLA]

14. Of that purported $10 mil she raised,

we have no idea how much of it can be used in the primaries, either. There is a good chance that a substantial portion of it is for the GE and it's there padding her numbers, but is ultimately unusable.

[SoCalDem]

15. Do we even KNOW it was $10M?? (snipers)

she lied before..

[TahitiNut]

16. $9.1 million .... "rounded" to $10 million

:evilgrin:

[SoCalDem]

17. or $01 million (viewed in a mirror)

or 1.0 m ...without the decimal (math was never her strong suit )

[rainbow4321]

19. Minus $4 million+ owed to Penn and associates = $6 million

And minus the $5 million she owes herself = $1 million.

Minus the $500,000 monthly bill for her health insurance premiums (Aetna and Blue Cross/Shield) = $500,000.


She has no war chest. It is more like a war jewelry box.

[SwampG8r]

25. nut you missed the lesson of hillymath

its probably about 5.2 million but we need to round that up to the nearest double digit
viola
10 million
later on it wont matter because she will send her shills out to say 10 million
just like she did with the 10% in penn
and if you call her on it get ready to dance on the head of a pin

[Cha]

24. Putting ("snipers") in parenthesis is

a natural reaction after every hilary statement or anything coming from clinton Camp Dissemble.

[cliffordu]

26. That's a FINE idea every time we have to type Hillary(snipers)

:rofl:

[Andy823]

5. Lets see now,

A $1.10 for every dollar taken in sounds a lot like the guy running things in D.C. right now. Seems to me that Obama is showing a much more responsible way of running things by only spending 75 cents on every dollar he takes in.

[Kber]

33. If Obama has money specifically raised for the primaries "left over"

can he spend it for GE purposes? Does it need to be "used up" before the August convention?

[WeDidIt]

6. This is one of my biggest problems with her campaign

The way her campaign has handled it's finances is abominable.

I guarantee this is an issue with the super delegates.

[backscatter712]

11. How can she be expected to wisely manage the government's finances...

if she can't manage her election campaign's finances?

[graycem]

9. Probably part of the reason

that she is fighting so hard. Get another win or two to raise some more money to pay off those debts and get her $5mil back.

[rainbow4321]

20. Because she knows there is no one who will make a deal with her...

The kind we've heard of in the past "pay my debt and I will drop out".

No one is going to give her shit...she will be on her own.

[billyoc]

18. She brings nothing but debt to the national party. That's death to downticket races.

Every single congressional Democrat is praying like hell that she'll be gone soon, they can't afford to prop up her financially inept staff, it will be a disaster for the entire slate of candidates in all 50 states.

[JBoy]

21. Could Obama cut a deal: "drop out now and I'll pay off your debts"?

[unblock]

22. ROFL!!!

not sure that's actually legal, but it would make for one hell of a "oh, snap!"

[JBoy]

29. It would actually save everyone a lot of money.

[rodeodance]

23. Hillary was frugal is PA--which BHO Threw your $$ down the toilet --He LOST. Your $$ was WASTED.

[SwampG8r]

27. she started 20 points up and

was last seen acting like she pulled off a comeback by blowing all but 9% of that lead
sounds like money well spent

[BlueIdaho]

31. Silly Rabbit

He forced her to spend more money she does not have in a state she should have won in a cake walk. This is a "war of attrition" and HRC is rapidly running out of bullets and foot soldiers. It does not help that major fund raisers are leaving her campaign and that major donors have turned away from her and are now writing checks to Obama. I'm sure her campaign would trade bank accounts and fund raising machines with Obama's in a heart beat if they could.

Its ok - its almost over.

[bhikkhu]

28. All pointing to a dropout before May 20, date of FEC filing

Nothing is penciling out well, and short of astounding election results nothing is likely to pencil out well. This is how campaigns end - the money runs out.

At the moment Hillary has two choices:

* Go all out for big wins, which she may just barely have the money and credit to go for. A big gamble, realistically, with hell to pay if it doesn't lead to the nomination.

* Wind things up. Take the recent good fortune and funds raised to end things on a good note, leaving no crippling debts or burned bridges.

I think any reasonable career politician chooses the second option. We will see soon whether her campaign is pulling out all the stops for Indiana and North Carolina, but I would bet the answer is no.

[GoesTo11]

30. But she can raise $10 million in 24 hours = $300 million / month