Follow by Email

Monday, April 21, 2008

Money, Money, Money...Hillary Doesn't Have Any

Latest News: Clinton Debts Hit The Press

Probably the most damning article I have seen so far. Even the title pulls no punches.



CNN Political Ticker

Clinton's primary campaign begins April in debt

(CNN) – Hillary Clinton began one of the most crucial stretches of her presidential campaign in debt, newly disclosed financial reports show.

According to campaign reports filed with the Federal Election Commission over the weekend, the New York senator began the month of April with close to $32 million cash-on hand. But, according to the Associated Press, only $9 million of that total are funds that are able to be spent in the primary races. The report also showed Clinton owes more than $10 million, meaning the Democratic presidential candidate was in the red even before she heavily stepped up television advertising in Pennsylvania.

The newly released reports offer the clearest picture to date of just how much of an advantage Barack Obama holds over Clinton heading into the final stretch of the prolonged Democratic race for the White House.

The 'Bold' was my emphasis, not theirs.

Wall St Journal

Clinton Campaign in Red As Pennsylvania Contest Looms
By Amy Chozick

On the eve of Tuesday's big contest in Pennsylvania, the Clinton campaign finds itself losing the money race.

Financial reports released to the Federal Election Commission around midnight Monday morning show that Hillary Clinton raised around $20 million in March and had roughly $8 million available at the beginning of April for use during the primary. But the campaign also reported debts of $10.3 million, which makes it in the red leading into contests in Indiana and North Carolina. Nearly half of her debt is owed to Penn, Schoen ...

International Herald Tribune

Obama flush with cash on hand while Clinton struggles with debts
WASHINGTON: Barack Obama began the month of April with a 5-1 cash advantage over a debt-saddled Hillary Rodham Clinton, setting the stage for his lopsided spending in the crucial primary state of Pennsylvania.

Financial reports filed Sunday by the Democratic presidential candidates with the Federal Election Commission show Clinton had $10.3 million (€6.53 million) in debts at the start of the month and only about $9 million (€5.7 million) cash on hand for the primaries. Obama reported having $42 million (€26.62 million) for the primary.

Associated Press

Obama reports $51M to start April; McCain raised $15M
By JIM KUHNHENN – 7 hours ago

WASHINGTON (AP) — Barack Obama raised $41 million in March and had $42 million available to spend against debt-ridden Democratic rival Hillary Rodham Clinton in April, campaign finance reports filed Sunday show.

Clinton reported raising $20 million in March and had $9 million for the primary available at the beginning of April. But she also reported debts of $10.3 million, putting her in the red.

Bloomberg

Obama Heads to Pennsylvania Primary With Cash Edge (Update1)

April 21 (Bloomberg) -- Democratic presidential candidate Barack Obama began the three-week sprint toward tomorrow's Pennsylvania primary with about five times more cash than rival Hillary Clinton, whose debts outweighed her money in the bank.

Obama, an Illinois senator, had $42.5 million available for spending on primary elections and caucuses, his campaign said yesterday. Clinton, a New York senator, had about $8 million in cash and $10.3 million in debt, according to her spokesman, Jay Carson, and a filing with the U.S. Federal Election Commission.

UPDATE 1:

MSNBC First Read

*** The woman in red?

The official March fundraising numbers are out. They are basically meaningless numbers -- since much of the money has already been spent -- but going into April, Obama had more than $40 million in cash to spend in the primary, after raising approx. $41 million. As for Clinton, her March fundraising report has just gone online, but we don't yet know the primary/general split of the $20 million she raised or the primary/general split of the $31 million in cash on hand. Yet at least $22 million of that $31 million is designated for the general, leaving Clinton less than $10 million to spend at the end of March. By the way, when you factor in Clinton's $10 million+ debt, she was technically operating in the red at the end of March.

UPDATE 2:
CBS News

Starting Gate: Obama Leaps In
Posted by Vaughn Ververs -

The Juggernaut Rolls On:

Obama continues to post astronomically high fundraising figures. For the month of March, the Democratic candidate pulled in nearly $43 million and maintains over $42 million in the bank to spend on the primary campaign. Clinton raised over $20 million for the month (no small feat in ordinary campaign years) but reported a debt of over $10 million and had just $8 million available for the primary, according to figures gathered by CBS News.

UPDATE 3:

USNews

Obama Trounced Clinton In Cash Battle Last Month

McCain Brings In $15 Million The AP reports this morning that Sen. Barack Obama reported raising $41 million in March and finishing the month with $42 million in the bank that he could use in the primary and about $660k in debt. In contrast, "debt-ridden" Sen. Hillary Clinton brought in $20 million during last month, finished with $9 million in the bank, but had $10.3 million in debts.

BBC

Taunts fly ahead of key US vote

As the two criss-crossed the state in a final battle for votes, campaign finance figures were released showing that Mr Obama had raised $41m in March, compared to Mrs Clinton's $20m, and Mr McCain's $15m - his best monthly total so far.

...

Mrs Clinton also reported a debt of $10.3m - although her campaign pointed to victories in three of the last four primaries despite Mr Obama's superior spending power.

San Francisco Chronicle

Dems' Pennsylvania fight races to finale
Campaign finance reports filed Sunday with the Federal Election Commission show Barack Obama maintaining his prolific fundraising pace. He received $41 million in donations in March - far exceeding the $20 million raised by Hillary Rodham Clinton, according to her aides, and the $15 million taken in by John McCain's campaign.

UPDATE 4: Last one for now, from Reuters

They mention Obama's debt of $66K (I think that was higher, but a normal factor of billing cycles out of step with filings). However, no mention of Hillary's debt. In fact I was a bit surprised that they seem HRC biased despite being a raw news source and the title of the article.

Reuters

Obama hauls in $42.8 million in March

The Obama campaign spent $30.5 million in March and reported debts of only $66,000.

The $42.8 million Obama raised in March was less than the $55 million his campaign brought in during February.

...

Clinton raised approximately $20 million in March with $15 million coming in from online donors, campaign spokesman Jay Carson said. The Clinton campaign closed out the month with $8 million cash-on-hand for the primary.

No comments: