John Nichols: The Clinton Campaign is Broke

[marmar]

from The Nation:



The Clinton Campaign is Broke
posted by John Nichols on 05/07/2008 @ 9:16pm

May 7, 2008




Don't misread the reports that Hillary Clinton has fronted her presidential campaign another $6.4 million.

This is not onward-to-victory money.

This is keep-the-lights-on money. And it has already been spent.

While Barack Obama's campaign remains flush with cash, Clinton's campaign is, like a lot of America, living from paycheck to paycheck.

And the paychecks are being signed by the candidate.

As with the $5 million Clinton contributed to her effort earlier this year, the latest checks from the candidate's personal account -- $1 million last week, another $425,000 on Monday -- were immediately cashed by the vendors who have always seen this particular campaign as a political gravy train.

Despite the fact that Clinton's camp reported raising a remarkable $10 million online after her muscular Pennsylvania primary win on April 22, her campaign never banked enough money to get ahead of its creditors going into Tuesday's Indiana and North Carolina primaries.

Only Clinton's cash kept her campaign on the air with television ads, and in the air jetting from airport tarmacs in Indiana to airport tarmacs in North Carolina.

She needed -- really, really needed -- wins in both states to raise the money to go on to critical contests in West Virginia, Kentucky, Oregon, South Dakota, Montana and Puerto Rico.

Instead, she took a beating in North Carolina and barely escaped Indiana with a tie.

Now, Clinton's further behind than before in the delegate race.

She's fallen back in the popular-vote competition.

And, perhaps worst of all in this era on money-driven politics, her campaign is broke. .....(more)

The complete piece is at; http://www.thenation.com/blogs/campaignmatters/318969/the_clinton_campaign_is_broke

[OhioChick]

1. This is one of those "no shit" headlines. n/t

[MattNC]

2. We landed on the Moon! n/t

[Occam Bandage]

3. Oh, that's been the case for months. She's past broke.

[gorekerrydreamticket]

4. Where's Marc Rich and John Hsu when you need them? n/m

[TexasObserver]

5. a complete lack of fiscal responsibility from start to finish

She's a walking, talking financial disaster, truly too aloof and too elite to comprehend simple personal bookkeeping.

[SurfingAtWork]

6. We need to send this link to Hillary is 44, Taylor Marsh, and Hillary Clinton Forum ASAP

I love the thought of idiots suckers mathematically challenged people flushing their $ down the toilet.

[hisownpetard]

7. I knew it was a headline-stealing lie when they said they took in $10 million in one day.

Yeah, right.
How many millions of that were from the candidate herself, the "contribution" given as a loan and charging interest by the second?

And why is Mark Penn not in the unemployment line by now, after all the lousy advice he gave for his $100,000/day lunch money?