WaPost: Clinton Camp Confirms $20M Debt; Repayment Rumors DOA
Sun May 11, 2008 at 10:23:13 PM PDT
If you were enjoying your Mother's Day today and didn't spoil it by watching the double whammy of Fox News & Howard Wolfson, this may be news to you.
Clinton aides continued to insist that she will remain in the race even while confirming that she is $20 million in debt. "The voters are going to decide this," senior adviser Howard Wolfson said on "Fox News Sunday," acknowledging the $20 million figure. "There is no reason for her not to continue this process." Wolfson said he has seen "no evidence of her interest" in pursuing the second-place spot on the Democratic ticket, contrary to rumors that she is staying in the race to leverage a bid for the vice presidential nomination.
I did happen to catch the segment on my DVR and Howard didn't explicity say it's $20M, but when asked, he confirmed they was $10M as of the last filing (can't wait to see the next) and confirmed Hillary's total outstanding Loans @ $11.6M. Considering the fact that the campaign has a burn rate of $1M per day in staff, logistics and maybe now back interest, I'd expect the figure to approach closer to $30M in reality...
Some related news, it's now confirmed that the idea of Obama retiring Hillary's debt is a No-Go.
An Obama insider says the idea of helping Hillary with her debt went down very, very badly among supporters, donors, fundraisers, etc. This person says the most generous offer he could foresee would be Obama headlining a fundraiser for Hillary, but cautions that this is just speculation and might even be a stretch.
Among donors in my household, my Girlfriend was strictly dead-set against the idea and would actually never donate to Obama again if he'd use any of her donations thus far (about $100) for any debt retirement plan. This was before front page elaborations nixed this worst possible situation... but it goes to show you the conviction with which the suggestion of actual debt retirement received.
As of now, the best case scenario would be probably an Email. I may participate in the Email... However, let it be hereby publically known, I do intend to help Hillary retire her debt. I'll be happy to donate $1.37... $1.00 because that's doing my part, as one of 1.5M potential Donors, if we all gave $1.00, that'd equal $1.5M, not a small amount, and likely enough to retire the debts of the actual vendors due, subracting debts for Negative Commercials, Consultants (Mark Penn), Attack Mailers, Pollsters and Hillary's own debt. I'm interested genuinly in helping the VFW halls, soda vendors, and caterers among others in recouping unpaid bills, and you should be too. They're just trying to get by just like you and I, and having an unpaid debt really hits the bottom line. The $0.37 is trown in for style, and probably covers the processing fees, because it's Obama's Bowling Score, and every donation I give, whether to Ben Chandler or Scott Kleeb these days carries a $0.37.
I'm looking forward to making that donation this month!
And a final question.... Why isn't the Media asking John McCain to help retire Mitt Romney's much more staggering $44.3M Debt? Mitt's since done TV for McCain and openly endorsed him... yet the debt situation is unreported and unnoticed, while Hillary's Debt is the subject of open discussions from known Media Hacks.