Hillary Campaign "In The Red"

The latest FEC reports appear to suggest that the Hillary campaign may be in the red:

Despite a strong month of fund-raising in February in which she brought in $35 million, Senator Hillary Rodham Clinton finished the month essentially in the red, once her campaign’s outstanding debts are factored in, as well as her personal loan, according to filings submitted late last night to the Federal Election Commission.

After spending about $31 million in her efforts to keep up with Senator Barack Obama, Mrs. Clinton finished February with more than $33 million in cash on hand, but $21.5 million of that is earmarked exclusively for the general election, leaving her with $11.7 million for the primary.

Mrs. Clinton, however, loaned her campaign $5 million earlier this year and she listed $8.7 million in debts to various vendors, making clear why she has not yet paid herself back from her loan.

It should be noted, however, that Hillary isn't obliged to repay the $5 million debt to herself. Nonetheless, even factoring in that, once you subtract the other debts her cash on hand number would be in the neighborhood of $3 million.

By contrast, Obama has over $30 million on hand for the primary.

Here's where this really hurts: With the super-delegates. The Clintons' fundraising prowess has been one of the factors convincing the super-dels that this race isn't over and that they should wait out the contest. Revelations like this one could make it a good deal tougher to make this case.


Comments (150)

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The noose is closing. It's about time the media start catching up with the facts that have been out there for weeks now. Hillary has become Huckabee, and the only question left is why the media still considers her a viable entity in this race.

Hey, that's an insult to Huckabee. He was more decent and funny to boot.

Hillary has become Huckabee

Actually, I have developed rather more respect for Huckabee than I initially had for him while he was running.

First, he knew he couldn't win. He stayed in to get some name recognition, I think. His self-immolation on SNL I think is evidence enough of this. While we can debate the relative merits of him staying in the race even if he couldn't win, there was also no way he could really damage McCain by doing so, as Hillary is doing to Obama.

Not to mention that Huckabee seemed to have repeatedly chosen NOT to try to harm McCain.

Finally, his "wider-context" defense of Wright, and Obama's relationship with Wright, really made me glad to see. This wasn't some random pundit trying to point out the bigger picture, this is someone who is supposed to be a sworn enemy of the Democrats actually defending one.

I still don't think I'd want Huckabee as a President, but I have respect for the man himself.

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I agree Furion,

I may not agree with Huckabee's politics, but he has shown himself to be a person worthy of respect.

Likability counts for something.

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I have to disagree with you in part, Furion: Huckabee certainly COULD have seriously damaged McCain, by spitefully raising and reinforcing doubts about his conservative bona fides.

That Huckabee chose not to do so is a testament to Republicans' superior party discipline, as well as Huckabee's personal respect for his primary opponent.

That Huckabee chose not to do so is a testament to Republicans' superior party discipline, as well as Huckabee's personal respect for his primary opponent.

Umm.. Republicans routinely tear each other to shreds - remember when McCain himself was destroyed in 2000 in order to put Bush in the captain's seat?

Huckabee chose not to attack McCain because Huckabee is, I think, an honorable man; not because he's Republican.

With respect to the damage Sen. Clinton's campaign is still trying to inflict on Obama's, I have a question:

How much damage is she doing to herself in the long term?

I mean, once this is over and Sen. Obama becomes the nominee (barring some catastrophic event that effects a sea-change in the race) and she goes back to the Senate, will the Party establishment begin a process of freezing her out for the race baiting, the recidivist praise for Sen. McCain, etc. Or will the Party continue to accord her the esteem and stature with which she came into this race?

But why would the media want to give up the fiction that it's a horse race? They'd lose millions and millions in advertising revenue.

The MSM is lazy and the story sells to the GOP and the Clinton supporters that she is electable as the candidate this fall. It reminds me of Ron Paul supporters. With the Dinosaur Media DeathWatch™ each day of cutbacks by serious reporting allows the Faux news to just opine each morning and call it news. blah-blah-blah-blah. Meanwhile C-span runs real news, without commercials, requiring an attention span greater than that of a gnat, and concludes that Hillary is done.

Yawnnnn....

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Reality bites.

More reality here and here.

Precisely the executive skills needed to resolve our nation's fiscal problems.

When money is gone, campaigns end.

Not necessarily. Not when you're Hillary and you are skilled at browbeating the press into spreading your spin on viability far and wide.

Don't look at the man behind the curtain. Oh, okay, then.

True. But Mark Penn doesn't work for free. And even he can't spin money out of thin air.


Losing Penn might actually help the Clinton campaign to lose respectably... How did he ever get where he is today?

So the fundraising fury of February mostly resulting in general election funds = maxed out donors. I wonder what March is looking like. I will be surprised if there is not another loan.

She'll gladly dispense with the $5M if that's what it takes for her to get "my precious."

Has to be said...

THIS IS EXCELLENT NEWS!!! FOR HILLARY!!!!!!

HILLMENTUM™!!!

Does someone need to check on idiotic? I'm getting worried...

idiotic can't be everywhere all the time. Like Obama, idiotic relies on loyal foot soldiers.

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"idiotic relies on loyal foot soldiers."

True. And they're all FOR HILLARY!!!!!!

I was thinking it, but you said it.

I know Idiotic. Idiotic was a friend of mine, and you are know Idiotic.

/snark

I do remember someone reporting that the Clinton campaign was raising a million dollars a day in early March, but it didn't say anything about the burn rate. I would imagine with the constant campaigning and the loose purse strings reported earlier in the process she may be in real financial straights. Of course, they could have tightened their fiscal discipline but we won't really know for sure until the next report comes out.

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Time to get a paper route...

ides of march is excellent news for hillary

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Time to hit Bill up for a loan.

The latest FEC reports appear to suggest that the Hillary campaign may be in the red:

Where is all this uncertainty coming from? Are FEC reports really that vague?

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Actually this is just Hillary's way of ASKING FOR MORE from her voters.

remember how after LEAKING she donated money to her own campaign -- she ended up getting millions?

Hillaryous!

And Sink she shall.

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Relax Thetans. This is going to the convention.

And this:
"The noose is closing."

Wowee. Imagine if that had been said about the black candidate.

Why don't you come out and say IT, you racist pig. Hiding behind your hood as usual, you coward.

But it wasn't said about the black candidate, so the meaning isn't the same as if it were.

I only point out this simple fact because so many of the current accusations of "reverse racism" invoke this ridiculous logic.

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Thank you.

Ready on day one, eh Hillary?
Bye bye, the end is nigh.

Genghis -- what's your prob, dude? I happen to know Idiotic, Idiotic is a friend of mine, and you, sir, are no Idiotic! So chill!

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That sucks for Hillary. I'd love to see what she would do to the federal budget..

Oh, and her Bosnia claims have been debunked some more, definitely worth checking out, and I think TPM should probably run the story, since it is very relevant to her campaign arguments of experience:

http://www.thepersonalispolitical.com/2008/03/mythbusting-hillary-experience-bosnia.html

Hey, what happened to Sinbad?

I was wondering the same thing. I guess he just didn't get The Love he demanded from TPM.

(y'ask me, Sinbad was giving Idiotic a real run for his money)

Okay - I am going to ante up again for President .....errr....ummm....I mean, Senator Obama !! Sorry, again - getting A LITTLE ahead of myself there! :)

Any body match my $50 ?? Lets create NEW ground swell of donations !!

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I'll go give Obama $50 with you. Good idea.

I gave $50 too! (before I read your comment)

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Just sent $107.00 to Obama and #53.00 more to the DNC. It really really feels good to support those with integrity and 50 state strategies!

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i think she can't afford to withdraw. ;o)

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i am predicting HRC pulls out next week.

Seriously, though. You Hillbots should really consider moving on to the next stage of your morning process. Let's go through this one by one:
1. Denial: since Super Tuesday, it's pretty much constant - check
2. Anger: "Shame on you Barack Obama," kitchen sink, etc... - check
3. Bargaining: "I'll take Barack as my VP" - check
4. Depression: ?
5. Acceptance: ?????

So it seems we're at that difficult moment between bargaining and depression.

Ouch. What goes around, comes around.

http://tpmcafe.talkingpointsmemo.com/talk/2008/03/the-five-stages-of-grief.php

OT: Greg you need to fix your bad close link HTML in the piece you just posted of the video Richardson's speech. It is screwing up the entire piece and preventing the comments and permalink links from working.

I can't blame her for wanting to hang on after all the effort, time and money sunk in this thing, but it's pretty undeniable that the best thing for the Party would be for her to get out well before the Penn primary, rather than afterwards.

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First rule of political economy...never make a decision based on sunk costs.

Ah, yes. What a bunch of "amateurs" they are, over there at the Obama campaign, with all their "money," and "delegates," and "popular vote lead." Oh, and "states won."

Yes, Hillary is really showing us how the "professionals" do it. But doesn't "professional" connote one who gets paid?

All of which is to say - who's the *real* amateur, here? Just saying.

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Sorry for inadvertently parroting your "amateur" remarks with my downthread post. It was already a pretty long thread by the time I showed up and commented, which I did without first reading yours. My bad.

We know she has been telling her donors that the path to victory is through Florida and Michigan.

With that revotes effectively off the table and the DNC rejecting any possibility of seating those delegates as is, how does she convince the donors to keep opening their wallets?

She is in trouble. She can self-finance, but even the Clinton's are not "Romney rich". Obama could bankrupt them in a month.

It's good friday.

You said it! I feel a resurrection of Obamamentum a'comin'.

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and weren't Jesus's last words "It is finished."?

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Pace Richard Nixon at the Great Wall of China: It is, indeed, a good Friday.

This is where the difference between the donor bases of Barack and Hillary really show. She has all that money stuck in her GE campaign account because it's from donors who are maxed-out on primary donations.

I fully expect her to act up like a guest on Jerry Springer in the next week or two. Sge is the most indecent thing on TV when she is pissed.

The claws will come out again.

This is why Hillary has pushed for a revote in Michigan, even though the results from a new, contested primary would not significantly help her in the pledged-delegate count or the popular vote.

A revote would help her fundraising: in the run-up (Donate now and help Hillary win Michigan again!) and in the aftermath (Hillary's 4-point win shows she's still alive! Donate now!). It's merely an attempt to keep the lights on.

This may be a sea change. If so, we all have to get less contentious and get all dems unified again.

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Explains why she stayed home today.

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Seriously, she stayed home today? That would be news....

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And how much of her expense goes to consultants???

It's good friday.

Yes it is.
And it is very good news.

Such good news in fact...
that if I wasn't so old,
I'd put something spicy in my pipe to celebrate.

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I don't agree with Huckabee's stand on many issues, but he is a decent guy.

Hillary... not so much.

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I was hoping your name was _Harold_.

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wow...44 comments in one hour?

I could mention a particular pro-Hillary(fairness) blog that gets 300 posts in 2.

Whoopsie!

Why don't you stay there and have all the fun? Just a suggestion.

Sounds fascinating... yaaaaawn.

Yes because when you're trying to compare trendlines you want to use two different sample populations. Obviously it makes sense to compare MyDD, to DKos, to TPM when trying to see what's going on. Wouldn't want to compare each site's population to itself, cause that would be amateur hour.

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Quantity does not necessarily correlate with quality.

Money doesn't matter.

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Clearly.

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The noose is closing. It's about time the media start catching up with the facts that have been out there for weeks now. Hillary has become Huckabee, and the only question left is why the media still considers her a viable entity in this race.

Posted by SDinIA


Um, she won the last 3 states, despite race-baiting from Hillary (ask Rep John Lewis, one of Obama's own delegates), and is neck and neck, with less money, and the media biting her at every turn...

And the noose is tightening?

Laughable.

So many people are in for a rude awakening in November..

thanks for f*cking up the Dem chances.

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Which last 3 is that? Mississippi? Wyoming?

Say what you like and support who you want, but you can't pretend that things that have happened, didn't.

Um.

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Just popped over to Hillaryis44.org and wow. That place is . . . just . . . wow.

Ick. I think I need to disinfect the keyboard after that.

Why is that acceptable to Hillary supporters?

I did find the pathetic posting of the Texas polls pretty amusing, though.

You made me curious, so I looked at it too . . . DANG. I wonder if making a donation on that site nets you a bonus gift of a white hood.

Nope. Actually, they all wear their own white hoods. If you read the story, apparently, they don't many donations at the end all the B.S.

Cheap Bastards!!!

UMMM? Is that supposed to resemble a black man hanging in that screengrab of the YouTube cartoon there? I'm not sayin' but, ya know... Well? Of all the screngrabs they could have picked in that video. That seems pretty darn intentional.

WTF are those people thinking? Is that a real "official" Clinton campaign site?

Jaysus.

They're not exactly hiding it, are they?

I generally stay away from pro-Clinton sites because there's not a less appetizing brew on this planet than the combination of delusion, self-righteousness, fanaticism, bitterness and sledgehammer wit one normally finds spilled across their pages. Sometimes it's amusing in a perverse kind of way, but . . . this site is just . . . yeesh.

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Its pretty clear voters are way ahead of the so called pundits ! if it was so certain, then the poll wouldn't hv shown obama still trailing clinton... specially after wright controversy it is just plain stupid for democratic leaders to even argue that this race should end NOW.. it is plain crazy as the new polls are starting to show in PA, MA, MO, OH, all the states he is starting to lose support pretty badly. there is a reason why super delegates are there.. what if this race thing starts to hurt him so bad that he is losing support across the board.. unless there is 2-3 more primary there is no way to know whats the impact going to be like...

Hope she can afford 2 -3 more primaries.

"what if this race thing starts to hurt him..."

You mean his skin color?

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hmmm... you cannot be that dumb, right? u know i meant the controversy surrounding wright and him saying "typical white person"!

Here's a newsflash you might not like: Chris Wallace of Fox News went on the air to criticize the incessant coverage of that comment, and even defended Obama.

Chris Wallace.

Just to spell that out CT's point more clearly: Chris Wallace is exhibiting more class than you. If that isn't rock-bottom then...

Okay, you convinced me to go donate to Obama again. Thanks for the heads up!

It is a good friday. Obama gets Richardson's endorsement, and that story dominated the talking hairdos today on MSNBC/Fox (a little less so) and CNN. Second, McCain's passport got breached, thereby turning this into a story that even Fox started covering. Third, my brackets are doing well. (Not that anyone else cares). Fourth, Tiger Woods is looking to be on track to win yet another tournament. And fifth: the Rev. Wright was barely mentioned.

Although the "typical white person" comment was.

But you know what? I know exactly what he was talking about. Guess that means I'm a typical white person, too.

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Just one or two days ago the Obamites saw their boy trnding down. Now turncoat Richardson opportunistically jumps on the Thetans spaceship and wooosh...the snarky gloating begins. Endorsements by marginal candidates counts for nothing (except their hope that they get a VP nod).

1.This...is...going...to...the...convention.
2. They will arrive in a statistical dead head and deadlock (less than 3% separating their delgate count).
3. The rules committee will draft rules on how to proceed in a way that will result in a winner.
4. Obama The Deceiver will be severely wounded by the immediately precedeing primaries and the inevitable new scandal.

Like a typical basketball game that is decided in the last two minutes..

This isn't even close to being over.

So gloat for today Thetans. The next primary is about a month away and all you dervish twirling will have you exhausted by then.

Slow and steady wins the race. This isn't even close to being over.

"The next primary is about a month away..."

How is she going to hang in for a month? Obama is already buying tv airtime. That's the point of this post on her (lack of) fund raising.


"a statistical dead head"

Is that based on the number of concerts one made it to before Jerry left us?

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I don't think the tortoise was hemorrhaging money and delegates.

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And the hare sure as hell ain't taking a nap this time around. However, although I thought her campaign was doing better financially now, I still think this thing goes to the convention too.

'Statistical ties' only count in surveys - they use statistics and give you margins of error because they are only sampling part of the voting population and so they don't know if they happened to catch a sample that wasn't representative.

HOWEVER-THE VOTING POPULATION IS THE VOTING POPULATION. IT IS THE ANSWER TO WHAT SURVEYS ARE TRYING TO GUESS AT. THERE ARE NO 'STATISTICAL TIES' IN VOTING. A one vote win is a win. That is how elections work.
If Obama is ahead by one delegate - he wins. Period.

Right now he is ahead by 168. There are only 566 delegates left which means that she must get 65% of the votes in Every. Single. State. and she will still be a couple of delegates behind.

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(Sorry about all the typos. I definitely need better keyboarding skillz.)

Liberal Historian.

I'll take care of that for you old timer.

;)

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Huckabee is trying to lay the groundwork for the future prospects of his ideological movement. Despite disagreeing with almost every component of his ideology, I can't object to what he's doing.

Hillary, as best as I can tell, isn't promoting anything except Hillary. Sure, she believes she'd be the best President, but it's still not the same thing at all.

even this is too generous of a treatment for Clinton. she's DONE! she's broke, she's lost. can you just say that? she's lost the damn race!

I am putting fogu2's 4 point argument post in a not-too-distant time capsule, and then I am going to pull it out and present it without further comment.

Delicious.

Well, I see the Clinton supporters and GOP trolls aren't ready to chuck in the towel just yet. So I'll go donate some more to Obama to speed this thing up.

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Count me in for another 50 bucks. This will be my fifth contribution since mid-February -- and I'm a poor pensioner. Well, I can do without milk, eggs, butter, and a few other things for a while, so long as it helps. Don't stop giving, folks! We have miles to go yet.

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Um, she won the last 3 states ~ destardi

The last two states were Mississippi (March 11) and Wyoming (March 8), both won by Obama.

Before that was Ohio,Texas, Vermont, RI, all on March 4. Obama won in Texas and Vermont, so I'm not sure how you figure that Hillary won the last three.

Are you using the Karl Rove math?

Either way, Vegas should put a line out as to when she quits. I say it's before April 15th, so she won't have to release the tax records. If another prominent Dem endorses Obama between now and then, you can turn out the lights on Hillary.

No, no, no! How many times is Mark Penn going to have to explain that Mississippi and Wyoming don't count.

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Ding Dong..the witch is DEAD!!

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not sure how much attention this will get, but here goes...
This post/ story is based off of an NYT blog post/ column which is linked to the FEC report. But follow the link from the NYT and we get the Clinton campaign's most recent posted FEC filing which, toward the top of the page reads "Filed 02/20/2008"

Look more through the details and we see the date of expenditure to cover January 08 and December 07.

Navigate back and we see that the Obama and Clinton March filings (which presumably have February's expenditures) are not yet posted (still processing by FEC). Ok, so I don't know if the campaigns gave their filings to the NYT or something else... but where's the evidence NYT is writing off of current info as opposed to stale info (it's an easy confusion... the FEC calls it the 'February Report').

Is there actual news here or a conflation of new income with old outflow? Dunno, just wondering.

Although all the comments here on TPM, all the comments on NYT and no one raises a question so maybe I'm missing something.

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Hillary's campagin can clear this up. Oops, but that would require being honest.

You're right about the dates of the expenditures, but I'm not sure I agree with what you're saying about "stale" information, since this is the most current info available for both campaigns. It appears that the info might always be over a month behind.

But I think you're right that this makes it hard to know what's going on right now. What appears to be solid info is that during the same period Obama finished 20 million up from Clinton.

The other thing that makes this tricky is I don't have a sense of when the reporting period is suppsoed to start and end (your point about the disbursements going all the way back to the middle of Dec '07). Maybe someone with a little experience reading these things will chime in.