Clinton Campaign Having Money Trouble?
Looks like they’re toying with taking the Romney tactic and dipping into their own piggy bank.
As first floated by The Page, I can confirm that, according to advisers to the campaign, Sen. Hillary Clinton is weighing a self-loan in order to finance a competitive race against Barack Obama over the next few weeks.
Clinton raised less than $20M in January and has spent most of its store of money on ads leading up to Tuesday’s multi-state primary.
Campaign advisers would not say how much money she has left. Officials did not respond to e-mails seek comment.
Actually, they raised far less than $20M in January. Try $13.5M. Why Ambinder rounded it up to “less than $20M” is puzzling…
In any event, here’s the potential fallout…
If Clinton decides to loan herself money, I envision that it would produce at least two countervailing forces. There would be a spate of stories on the End of the Clinton Machine — that her donor base is tapped out and hasn’t been able to expand like Obama’s. This force is likely to be very strong, and it is not unfair or inaccurate.
Also, she knows that Obama is very likely to win a lot of these upcoming small races, and that will build momentum against her. Still, it’s all about delegates and if she can stop the bleeding and not be blown out of the water in these states, she can still maintain some level of credible parity with Barack. That’s why having enough money to compete is important and so we’re seeing this loan idea.
One thing’s for sure. This isn’t the story Hill wanted to talk about right after Super Tuesday, but it’s shaping up to be just that.