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Report: Clinton To Seek Obama's Help Retiring Campaign Debts
Money is expected to have a key place in the peace-making process between Barack Obama and Hillary Clinton, with Clinton advisers telling the Associated Press that Hillary will likely seek Obama's help in retiring her campaign's $30 million in debt.
For the sake of clarity, it's worth pointing out that the Obama campaign cannot directly give money from its own treasury to the Clinton camp. Instead, Obama would ask his top fundraisers to help bring in the money, and likely send out e-mails to his much-praised list of small donors asking them to give Hillary a hand.
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Comments (79)
What happened to her and Bill's $109 million?
June 6, 2008 9:29 AM | Reply | Permalink
Seriously. The Clintons are rich as shit - pay off your own fucking debts.
Or, why can't Hillary's own big-time donors pay it off?
June 6, 2008 9:31 AM | Reply | Permalink
Hillary's own big-time donors can't pay it off because they've already maxed out - individuals are limited to $2300 for the primary (per candidate). No wiggle room there.
June 6, 2008 10:03 AM | Reply | Permalink
Hmmmm, interesting.
I know they're maxed out to donate to Obama's primary campaign, but does that carry over to a debt-retirement campaign of Hillary?
And presumably, Obama's big-time donors are maxed out too.
Exactly who would they be targeting? Us small donors? Good luck with that.
June 6, 2008 10:06 AM | Reply | Permalink
An individual can donate $2300 to each of any number of different candidates for the primary election.
So, Obama could appeal to his own maxed-out donors to help Clinton out. Hopefully the maxed-out Clinton donors would reciprocate by donating to Obama's campaign.
The idea that money raised this way doesn't hurt Obama is wrong though. Donors who have reached the limits for his primary and general campaigns and still have money in their pockets could put that money to good use in any number of state and local races, the DNC, the DCCC, etc. To the extent that that money is diverted from activities that actually are furthering the interests of the Democratic Party and its candidates, retiring her debt is a bad deal. Any money that could be raised from anyone who is not maxed-out (for Obama's campaign, primary and general funds, both) really should go to Obama.
The way it is supposed to work though, is that Hillary goes out and does a bunch of fundraisers for Obama and raises buckets of money that he wouldn't otherwise be getting, and in return, he does a few fundraisers to retire her debt. I'm skeptical that she can bring that kind of money in - I mean donations that Obama wouldn't otherwise get - and remember, after all, that her fundraising couldn't sustain her own campaign. There is a case for making more-or-less token donations to Hillary as a goodwill gesture, in the interest of party unity, but that case depends on Hillary doing something real to help the Obama campaign. Simply suspending her campaign, and her attacks on him, isn't by itself enough.
Of course, the situation is further complicated by Hillary's having used her personal wealth to keep the campaign afloat, expecting to be paid back, and by the fact that that money was spent for the purpose of weakening Obama as a candidate. I suspect the amount of debt she is asking to have Obama retire for her is unprecedented. Personally, I think she should be out every dime she loaned her campaign, period, and I'd prefer her to pay Mark Penn's outrageous salary out of her own pocket too - a candidate can spend unlimited amounts of their own money on their own campaign.
June 6, 2008 11:51 AM | Reply | Permalink
Seriously. The Clintons are rich as shit - pay off your own fucking debts.
Or, why can't Hillary's own big-time donors pay it off?
June 6, 2008 9:32 AM | Reply | Permalink
Agreed and it was worth two posts. If the clintons dropped out when they should have dropped out, they wouldn't be in debt and they wouldn't have driven a huge wedge in the democratic party. Screw em.
June 6, 2008 9:38 AM | Reply | Permalink
And we could have started our hard earned money to the General Election...
June 6, 2008 10:13 AM | Reply | Permalink
Damn skippy, MichaelA!!
Why the hell didn't they drop out in April? More importantly, why the HELL should anyone donate to her when she had a track record of reckless spending campaign money.
Recall she spent 30M on that NY Senate re-elect against an opponent that no one believe came close to beating her.
Plus that campaign had some 10M left over that she used to boost her Feb reporting on the totals she had in Feb to make it look like she was keeping pace with Obama raising money.
Patti Solis also ran through this campaigns money reckless as has been reported.
I do not think that Obama nor the party has any obligation to help retire these debts given her totally UNGRACIOUS behavior and unwillingness to work for party unity.
If that olive branch is held out to her, it should come with the caveat that AFTER she campaigns her heart out for Obama and works ceaselessly to unite and repair the party THEN their will be an appeal made to retire her debts.
Not before as her word means diddly.
LIke those other two posts said. They have $106 Million of there own that they can retire their own debts. Hell Hillary pledged to pay off Vilsacks debts...so do her debts now include his?
Obama needs to have a surrogate do this. Cause there is NO LOVE for Hillary right now OTHER than among her supporters.
She should not get one damn dime until NOV 8th after she has demonstrated a complete reversal and proven she is a steadfast supporter of the democratic party and Obama.
I can't STAND this women!! She ran through all that money calling him naive, irresponsible, bitter, saying he has nothing but a speech to be commander in chief, that awful 'as far as I know' about him being Muslim and polarizing the races and NOW she wants to come to HIM with HAT in hand?
Hell NAW!!
June 6, 2008 10:59 AM | Reply | Permalink
Damn skippy, MichaelA!!
Why the hell didn't they drop out in April? More importantly, why the HELL should anyone donate to her when she had a track record of reckless spending campaign money.
Recall she spent 30M on that NY Senate re-elect against an opponent that no one believe came close to beating her.
Plus that campaign had some 10M left over that she used to boost her Feb reporting on the totals she had in Feb to make it look like she was keeping pace with Obama raising money.
Patti Solis also ran through this campaigns money reckless as has been reported.
I do not think that Obama nor the party has any obligation to help retire these debts given her totally UNGRACIOUS behavior and unwillingness to work for party unity.
If that olive branch is held out to her, it should come with the caveat that AFTER she campaigns her heart out for Obama and works ceaselessly to unite and repair the party THEN their will be an appeal made to retire her debts.
Not before as her word means diddly.
LIke those other two posts said. They have $106 Million of there own that they can retire their own debts. Hell Hillary pledged to pay off Vilsacks debts...so do her debts now include his?
Obama needs to have a surrogate do this. Cause there is NO LOVE for Hillary right now OTHER than among her supporters.
She should not get one damn dime until NOV 8th after she has demonstrated a complete reversal and proven she is a steadfast supporter of the democratic party and Obama.
I can't STAND this women!! She ran through all that money calling him naive, irresponsible, bitter, saying he has nothing but a speech to be commander in chief, that awful 'as far as I know' about him being Muslim and polarizing the races and NOW she wants to come to HIM with HAT in hand?
Hell NAW!!
June 6, 2008 10:59 AM | Reply | Permalink
Yeah, the same thugs who were threatening the DNC. And now they want us to retire the debt? It's pretty nervy.
June 6, 2008 9:46 AM | Reply | Permalink
I guess it was Pelosi that they were threatening. It's all just a nightmarish blur, now.
June 6, 2008 9:46 AM | Reply | Permalink
I believe they were threatening Dean and the DNC as well, if I remember correctly the DNC actually had to refund money to a few Hillary donors..
June 6, 2008 9:53 AM | Reply | Permalink
Here's how we can best proceed.
How about we bail Hillary the amount of debts she ran when she had a reasonable shot at the nomination. Any debts added foolishly after it was clear she would not win - she can pay off herself
How about that folks? Fair, right?
June 6, 2008 12:23 PM | Reply | Permalink
Well at least he can't just take money people have given him and give it to her.
I know this is traditional, but it really is kind of stinky and so is making him take on her staff and supporters. I don't get it but I know it's done.
June 6, 2008 9:30 AM | Reply | Permalink
He's not hiring her staff, really?
No. Please, no.
At least give them jobs where they can do no harm.
June 6, 2008 10:04 AM | Reply | Permalink
She does have some good field people -- like whoever did New Hampshire. I think the lower down you go, the better they are.
June 6, 2008 11:07 AM | Reply | Permalink
You have to get down to the level of intern before any of the Clinton staff are worth a shit.
June 6, 2008 12:08 PM | Reply | Permalink
That what Bill says....
June 6, 2008 4:03 PM | Reply | Permalink
It'll be interesting to see how much he can raise on her behalf. If his supporters are as rabid as some of her supporters describe, then unity may be farther off than one fears.
BTW, would someone please explain the concept of "unity" as it applies to independents?
June 6, 2008 9:31 AM | Reply | Permalink
Where is Norman Hsu when you need him.
Snark aside, it will depend on how she conducts herself going forward. The more aggressive she is in campaign for and walking back the awful talking points she's given the Republicans, the more likely it is that the funds get paid off.
And can I say: $30MM in debt is just ridiculous. She should have folded up shop when her money ran out instead of stiffing her vendors and staff.
June 6, 2008 9:31 AM | Reply | Permalink
What happens to the $20MM+ from her general election fund? Can she donate that money to the DNC? That would be some SERIOUS goodwill....
June 6, 2008 9:33 AM | Reply | Permalink
Apparently, according to some articles that I have read, she can get the donors to donate that money to her senate campaign and then flip it and use that to pay off the vendor's debt. She cannot use that money to pay off the clintons' loans to the campaign. They need to raise that money to pay it off prior to the convention. If they don't it's considered a campaign donation and she can't raise money to pay it off above 250,000. Too bad, I guess they'll have to go to some other third world tyrants for some handouts.
June 6, 2008 9:41 AM | Reply | Permalink
Hell, let Bill give speeches, to retire the debt.
June 6, 2008 11:03 AM | Reply | Permalink
Does anyone have change for a button?
June 6, 2008 9:36 AM | Reply | Permalink
I was thinking about buying a "Hillary For President" tee shirt from her online store thinking that it might have value as a collector's item in about 20 years or so. That's about as far as I'd go.
June 6, 2008 9:39 AM | Reply | Permalink
Not a bad idea. It'll be totally ironic cool in 20 years.
June 6, 2008 9:48 AM | Reply | Permalink
Let him hold a couple of big, expensive, celebrity-laden "UNITY" fundraisers. The money pays off her campaign debts and the people attending listen to him and start seeing how incredible he is.
He can use this as a way of bringing people together. Much as I detest her it's important to move on together.
June 6, 2008 9:42 AM | Reply | Permalink
This isnt fair. After super tuesday mathematically it was basically over, after the IN and NC the door was shut, but yet SHE STILL CAMPAIGNED racking up more debt and now she wants him to bail her out? This is bull.
She claims that her base of 17 million voters are so loyal, then let each of them give her campaign $5 each to go towards her debt, problem solved.
June 6, 2008 9:48 AM | Reply | Permalink
I agree completely - but it isn't about fairness. It's politics. If he can, with a relatively small amount of effort, help her out and gain further support as a result, it's worth it.
Look, I detest her after this campaign - and I DO NOT want her as VP under any circumstances - but Obama has made clear he wants to try to heal the party and this seems minor. Even if her people are unreasonable (a polite word for what they've been), even if they're the ones who created the problem, there's nothing good to come from continuing this battle.
Just as her more militant supporters need to recognize that allowing McCain to become president would result in no heathcare solution, ongoing war in Iraq and the one SCOTUS vote needed to end of Roe v. Wade (Justice Stevens is close to 90), so too we Obama supporters have to see that getting her people to vote for him in November is more important than endlessly venting our disgust at her and her campaign.
They say best revenge is winning. Well we won the nomination. You want more revenge? Let's beat McCain. All the people who said or implied Obama can't win - and you know who they are - will have to eat their words in November.
June 6, 2008 10:12 AM | Reply | Permalink
Paying someones DEBTS is never minor!! We are talking money here not some other type of favor.
Let Hillary prostitute Bill for the money. Send his ass around the globe and let him make speeches, to retire those debts.
That would do more for party unity than to pledge to help retire her campaign debts after she and Bill completely polarized the electorate.
Hillary never once led in delegates..we now are suppose to turn around and retire her debts after she was such a complete spoilsport and had no ethical standards.
piss on that
minor my butt
Let Bill TALK for the money.
June 6, 2008 11:06 AM | Reply | Permalink
Yeah, think of it as Community Service - pay back for all of the bull shit he's talked during this Primary.
June 6, 2008 1:34 PM | Reply | Permalink
This will be a tough sell by Obama:
"Please donate money to Hillary's failed campaign instead of my active campaign, because Hillary racked up huge amount of debt in her attempt to drag the nomination process out as long as possible and to create a huge division in the party by convincing her supporters that my winning the nomination was somehow illegitimate."
June 6, 2008 9:43 AM | Reply | Permalink
Yeah.
I sure as hell don't want to donate to pay off Clinton's fucking debt - she ran it up herself and I am not interested in helping some filthy rich person pay off their debts.
Jesus.
I intend to max out my donation to Obama, end of story.
June 6, 2008 9:45 AM | Reply | Permalink
Well if he can sell that package, then he's missed his calling.
June 6, 2008 9:46 AM | Reply | Permalink
LOL. Yeah my money is going to Obama and the DNC (3:1) over the next five months.
June 6, 2008 9:48 AM | Reply | Permalink
Actually I think that obama would have to do this under the radar screen. It would piss alot of his supporters off big time. Also, the dems need the cash for the general not to pay off all the debt accrued to boost the egos of the clintons.
June 6, 2008 9:49 AM | Reply | Permalink
Hard to argue with that.
June 6, 2008 9:59 AM | Reply | Permalink
I would contribute to a targeted fund aimed at paying off small vendors and local staffers. Penn, her long time inside staff, and everyone else was basically gambling on Clinton's stock to increase in value. They thought they'd get a huge return on their investment by way of a job in the Clinton's white house "cottage" political industry.
C'est la vie...Shogunai...whatever language one chooses...that's life.
June 6, 2008 9:44 AM | Reply | Permalink
I'm happy to send Hillary a box of envelopes and some postage stamps.
June 6, 2008 9:47 AM | Reply | Permalink
She claims that her base of 17 million voters are so loyal, then let each of them give her campaign $5 each to go towards her debt, problem solved.
June 6, 2008 9:49 AM | Reply | Permalink
Not a bad idea...She could put contribution boxes at gas stations and convenience stores and hair shops and in coffee break rooms where her voter base work...US$5 is a small price to pay to help her go away.
As an expat I'd better give mine now, before the dollar devalues further.
June 6, 2008 9:55 AM | Reply | Permalink
I have a slightly different take on this after listening to Tom Hartmann the other day. It would seem to be a good idea for the Democratic Party in the long run if Obama helps her retire her debts (again, not through our contributions but through targeted fundraisers). It's a win-win situation for everybody because her debt would be retired (which she incurred running for nominee of the Democratic Party, after all), he would look extraordinarily magnanimous and generous, it would push along the "Unity" theme and perhaps soften up those hardcore Clinton supporters who see him in a very negative light, and the heavy hitter donors would get a chance to see him up close. I don't see a downside if it's done correctly, which it will be if Obama and his team are setting the ground rules. I was against the idea initially (mostly out of anger toward her), but I think it's a good idea as long as it's controlled by the Obama people.
June 6, 2008 9:50 AM | Reply | Permalink
But it's not fair!
[stomps off to bedroom]
June 6, 2008 9:52 AM | Reply | Permalink
ROFLMAO - that was awesome, Hyper!!!! ;)
June 6, 2008 9:59 AM | Reply | Permalink
I agree Carol and he has managed to be extraordinarily generous all the way through.
Whatever they can work out. But personally I have no interest in seeing my donations go toward Hillary's debt. She incurred it - I didn't.
June 6, 2008 9:54 AM | Reply | Permalink
No, I totally agree, but I believe he can't do that anyway. I suppose what he will do is send out an e-mail to all of us and if we donate it will go into a separate fund (I'm not inclined to donate, but I'm sure there are some who will). And of course he and she can send out a joint e-mail to her e-mail list as well - and he'll probably throw a few fundraisers for her. He has been absolutely brilliant this entire campaign and I think he'll figure out a way to do it that won't piss off his supporters and will get him some great PR.
June 6, 2008 10:03 AM | Reply | Permalink
That said, I agree with you. But I'm pouting as I share the candy.
June 6, 2008 10:46 AM | Reply | Permalink
They can pay off her vendors if they want (although all of that was needlessly wasted attacking our nominee to the benefit of McCain), but they shouldn't get bailed out on the $11 million or however much they have donated so far from their personal bank accounts. At that point it is just people donating to rich selfish people who don't need it and don't deserve it.
June 6, 2008 9:52 AM | Reply | Permalink
I agree. Pay the folks who were just trying to make a living by setting up events and providing support. Bill can go back to the well for more millions, as can Penn and the rest of the professional staff.
June 6, 2008 9:58 AM | Reply | Permalink
Breaking News:
The deal struck between Obama and Hillary is that at the end of every speech Obama gives between now and November, he has to work in a plug for her website.
"This is our time! This is our moment! God bless America! Oh yeah, please go to hillaryclinton.com and donate."
June 6, 2008 9:56 AM | Reply | Permalink
Well, now Hillary knows why losing campaigns don't always stick it out for all fifty states.
June 6, 2008 9:58 AM | Reply | Permalink
I think they should organize a paid YouTube event where she burns that hideous Yellow Jacket w/ Black Trim... That would be worth some coin to see.
June 6, 2008 10:02 AM | Reply | Permalink
LOLOLOLOLOL!!!!!
June 6, 2008 10:03 AM | Reply | Permalink
I know women are not all fashion-obsessed and can be serious-minded. But that yellow pantsuit with the blue trim made my wife HATE Clinton. She'd just start spewing obscenities whenever she saw it.
June 6, 2008 10:07 AM | Reply | Permalink
Look, there are a lot of things that we can forgive, but REPEATED fashion assaults...no, just no.
June 6, 2008 10:23 AM | Reply | Permalink
While I personally prefer that someone retire Clinton and leave her debt alone as an unending mark of her endering folly . . . The quicker HRC's monetary shortfall can be paid the quicker she can go back to being New York's third best current Senator.
June 6, 2008 10:05 AM | Reply | Permalink
The quickest way would be for the Clinton's to cut their vendors a check.
June 6, 2008 10:07 AM | Reply | Permalink
I can't wait to get my first Clinton Bail-out email from Plouffe.
June 6, 2008 10:08 AM | Reply | Permalink
I see a new motto: Change for the Clintons. Many meanings.
June 6, 2008 10:10 AM | Reply | Permalink
This can also be called blackmail.
We've all known since late February that this race was over. In spite of that, HRC spent $50m more (in addition to going $30m in debt), forced BHO to spend $100m, and now she has the gall to ask him to help her out of the debt she created?
Couldn't Bill do half a dozen speeches and make the debt go away?
June 6, 2008 10:21 AM | Reply | Permalink
Of course he can. But, this is about making Obama PAY for what he did to Hillary. It's vindication, ya know. ;)
June 6, 2008 10:25 AM | Reply | Permalink
Agree that it's infuriating. But perhaps it should be looked at coldly, as an investment in votes. That's horrible, but it's what she's seeking here.
For taking back "Shame on you, Barack Obama," the debt to University of Indiana will be paid off. For acknowledging that popular vote claim is bogus, the Iowa laundry will be made whole, etc.
June 6, 2008 11:03 AM | Reply | Permalink
but paying Mark Penn is galling
June 6, 2008 11:00 AM | Reply | Permalink
But Mark Penn is only owed $10 million of the debt. Don't be so negative.
June 6, 2008 11:18 AM | Reply | Permalink
LOL! I can just see the outpouring of love and financial support.
June 6, 2008 11:18 AM | Reply | Permalink
there are plenty of ways for her to retire this debt. she could sell her soul....
oh wait.
June 6, 2008 11:21 AM | Reply | Permalink
i say, let 100 Mill Hill pay off her own debt. She certainly can afford it.
Obama can and should ask us to help her. But if we don't deliver, can you really blame us?
June 6, 2008 11:26 AM | Reply | Permalink
So Hillary shows $30M of fiscal irresponsibility.
Just one of the reasons why her healthcare plan shouldn't be passed -- I can't trust it's fiscally solvent.
Just one of the reasons why I can't believe she was for the "working class" -- she stiffed these people.
A very active blog on this very topic, replete with the fallout ironies, came only a week ago:
http://tpmcafe.talkingpointsmemo.com/talk/2008/06/take-personal-responsibility.php
June 6, 2008 11:36 AM | Reply | Permalink
I would love to see that 11 year old boy who allegedly sold his bike and video games get a NEW bike and video games.
I would contribute to that and only that.
That she bragged about that is so pathetic and so very revealing of her "deranged narcissism". (TM - Jeff Toobin)
June 6, 2008 11:58 AM | Reply | Permalink
How about this for a compromise? Obama retires her debt not including the personal loans she gave her campaign. That was the Clinton's personal money and personal choice. If the campaign couldn't continue without it, maybe it should have stopped then. You don't see John McCain paying back Mitt Romney all of his personal loans, and you didn't see Cindy McCain letting her husband have at her personal fortune when he was nearly bankrupt.
June 6, 2008 11:58 AM | Reply | Permalink
I look forward to receiving that email.
One look and . . . DELETE! . . . into the ether it goes.
June 6, 2008 1:02 PM | Reply | Permalink
I seriously doubt this. It'd be an insult to folks who by definition have limited resources to ask them to bail out the poor multimillionaire.
He could conceivably send out a smaller, targeted email to his maxed-out folks, or perhaps those who have given, say, $1000 donations. The appeals I've received seem to "know" the exact increments I've given in the past, so I'm sure they could do that kind of database-sort pretty easily.
June 6, 2008 1:33 PM | Reply | Permalink
I don't have any interest in retiring their personal debt, and frankly I hate the idea of paying Penn's $5m, but he can't legally retire that debt. But in the interest of party unity I would contribute to the rest...especially if she gives her email list to Obama, that would make it far and away the biggest political database ever.
June 6, 2008 4:08 PM | Reply | Permalink
Besides all that has been said about Obama not being able to transfere funds, I think that I also read something about loans by the candidate to their own campaign are different than the other debts. I wish I could be clearer. I'll go search around.
I agree with Carol that the man is on the ball. I thought well of him a month ago but since then he has impressed me more and more. I know this sounds gushy but I am so glad I get to see this once in a life time candidate in action.
June 6, 2008 5:18 PM | Reply | Permalink
I found it on Slate. I don't know how to do the link thing but here it the bit about her own money.
Election law "limits to $250,000 the amount a campaign committee can repay the candidate AFTER the election has ended"
The Democratic Party election ends in August in Denver. She has to get a move on if she wants her money back. She can take forever to pay back the vendors.
This was from www.slate.com/id/21908801/
The Explainer May 7, 2008.
Once again sorry I can't do the link thing.
June 6, 2008 5:29 PM | Reply | Permalink
I've been saying this all along: When it was obvious to anyone with a functioning neuron or two that there was no way Hillary could win, she kept this silly little grin on her face--knowing that her "fans" could be milked for more money while in the back of her mind she knew she could do a "gentlemen's blackmail" on the Obama campaign. This is Bill's way of thinking too. So here we are, call it what you like, she's gotten her way. Your money, my money--is now her money. and HillBill's.
June 6, 2008 5:40 PM | Reply | Permalink
I can't understand why Obama and we as his supporters have to bail out a presidential campaign that was mismanaged financially, never mind in so many other ways.
I agree. The Clintons, whom I have supported passionately over the years, have plenty of dough by now. The loan should be her loss, "tuition" at the school of hard knocks.
Nobody forced her to hire the kind of expensive help she had for a while. And nobody put a gun to her head to "throw the kitchen sink" at Obama. She's always been a big girl, and as a big girl she should take care of her own messes.
June 7, 2008 12:07 AM | Reply | Permalink
There's no way I would donate to retire the Clinton's debt. They will just pass it along to Mark Penn and other DLC types.
She continued to rack up debt even though it was mathematically impossible to win. She was forced to concede, did untold damage to Obama and the Democratic party.
I have consistently donated to Obama's campaign but will suspend my donations until there is an indication that the Clinton debt is paid.
It would be repugnant to me to think my hard earned money helped the Clintons or Penn in anyway!
June 7, 2008 1:22 PM | Reply | Permalink