February 6th, 2008
10:30 PM ET
7 years ago

Clinton loans herself $5 million

NEW YORK (CNN) — Democrat Hillary Clinton loaned her presidential campaign $5 million in January, the New York senator said Wednesday.

"I loaned the campaign $5 million dollars from my money," she said at a press conference at her Arlington, Virginia headquarters. "I loaned it because I believe in this campaign and I think the results last night proved the wisdom of my investment."

Earlier Wednesday, Clinton spokesman Howard Wolfson confirmed reports Clinton had lent her campaign money in January, and said "The loan illustrates Sen. Clinton's commitment to this effort and to ensuring that our campaign has the resources it needs to compete and win across this nation."

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Filed under: Hillary Clinton
soundoff (474 Responses)
  1. Ca Native

    "The loan illustrates Sen. Clinton's commitment to this effort and to ensuring that our campaign has the resources it needs to compete and win across this nation," Wolfson said in a statement. "

    If that's the case – Mitt Romney should be cannonized for his "commitment" to his campaign since he's shelled out $35 million. Fact is... the USS Hillary is running out of steam. Obama raised $32 Million and Hillary is taking personal loans.

    I love how this "news" comes out AFTER the Super Tuesday Primary.... typical Clinton.

    February 6, 2008 04:33 pm at 4:33 pm |
  2. joe

    wow!!! when this all started some poeple thought that clinton would have no problems raising money hand over fist.

    February 6, 2008 04:34 pm at 4:34 pm |
  3. Jorge from California

    Lets Be careful with The Clinton's and money.... Remember they Cheat!!! she is going to court on Feb. 21 in California for Electoral Fraud!!! Remember the Peter Paul lawsuit??
    She doesn't have the money to go on... she is going to ask for more to the Special Interests....
    I am going to vote more Money to Barack Obama Right NOW

    February 6, 2008 04:34 pm at 4:34 pm |
  4. indepependat voter

    Full transparency would have dictated she told all her voters this sometime before YESTEDAY. shame on you Hillary

    February 6, 2008 04:35 pm at 4:35 pm |
  5. michael, ny

    Uh ho ho. The campaign is running out of Money.

    Are you an obama suporter? Whenever Hillary loans x millions to her campain, I suggest each Obama supporter donate x amount.

    For instance, she loans $5 million to her campain, each obama supporter donate 5 dollars.

    Yes, we can.!

    February 6, 2008 04:36 pm at 4:36 pm |
  6. Real Talk

    The same people who voted for Bush in 2000 and 2004 are the same people who voter for Billary in CA. and N.Y. Just plain ignorant! Ignorant people should have the right to vote taken away from them. They cause more harm than good. See you in the soup line behind Juan, Lupe, Chang, and Phuong.

    February 6, 2008 04:36 pm at 4:36 pm |
  7. Lourdes

    This clearly explains her challenging Obama to weekly debates. Free air time is hard to come by otherwise.

    Obama folks, don't gloat... think of it as a reason to work harder, make more calls, canvas more fervently.

    February 6, 2008 04:36 pm at 4:36 pm |
  8. Eric

    Does anyone want to talk about the fact that in 2007 alone Obama spent 83.5 million compared to Hillary's 77 million (according to opensecrets.org). He also probably has out spent her by a simliar amount in January.

    February 6, 2008 04:36 pm at 4:36 pm |
  9. Tom Wittmann

    I thing to sink further money in the Clintons campaign is useless.

    Obama is increasing daily his percentage of attraction, he has equalled already
    Hillary both in votes and elected delegates. To rely on the superdelegates is
    an illusion, as if Hillary is nominated against the will of the voters, half of the
    democrats will not support her in November.
    And of course, to imagine that the votes if Florida and Michigan will be validated
    is to believe in ghosts.

    And additionally:

    – now that Obama has shown that he is real will convince many still skeptic
    promary voters to support him
    – and as Richardson and Edwards will be happy to join the winner, one or both
    will endorse him


    February 6, 2008 04:37 pm at 4:37 pm |
  10. An Agnostic Democrat

    Money can't cure what the creator didn't give ya, Hilly. That would be integrity, authenticity, character, truthfulness, equanimity and dignity. Need I go on? What you do behind closed doors does matter and your corrupt and well documented history speaks for itself. You can't buy honor and respect. Ever notice how none of the words above have EVER been used in the same sentence as ANY Clinton. Try googling that! End of story.

    February 6, 2008 04:37 pm at 4:37 pm |
  11. Captain

    I guess Obama has given her a run for her money. What does it say about the electability of a candidate that has let a new junior senator rise up and break even with her in the primaries? There is a gigantic revolution against Clinton and her coniving and old style politics. This revolution is costing her tremeously while Obama sails along.

    Please Hillary. Give up now, while you can still save some face, just like you did with Healthcare in the 90's. Give up now, and it won't look that bad. Maybe Obama will pick you as VP and we can stand as one united party long before the GOP. You will still have a chanc to make history, not to mention you won't spend yourself broke.

    The choice is yours Senator Clinton. OBAMA 08!!!!!!

    February 6, 2008 04:37 pm at 4:37 pm |
  12. Asians for Hillary in Chicago

    White people don't want to be seen as racists so they have to tell pollsters they voted for Obama. This explains why we should do away with Caucuses. It doesn't give people privacy to vote.
    Whites don't want to be seen as racists so they have to vote for Obama. While black people can't be touch in this country, thus blacks vote for black and black only. Look at all the lily-white state caucuses, all win by Obama. If whites could vote with privacy, I believe Hillary would win hands down.
    It's sad that race has come into play in this election. what a double standard! People should consider issues and experiences than race or coolness. I'm sicken by this media/people bias that they have to be cool and progressive by voting black.

    February 6, 2008 04:38 pm at 4:38 pm |
  13. cj

    It is interesting Terry McAuliffe, former DNC chair and Clintonista, said yesterday that she would not want for resources, ever. He never mentioned that she did this- that she lent her campaign $- I think he set up the DNC- the superdelegates put in place etc-in order to set up this race for her specifically to win, it is getting really disturbing.

    February 6, 2008 04:38 pm at 4:38 pm |
  14. Liz Marquez

    I would like to know where Obama got the $32,000,000 to keep running his campaign. Most people in this economy do not have extra money to send to anyone, and I find it interesting that he was able to raise that amount of money in such a short period of time. Who are some of his contributors? I understand that his campaign is spending one million ($1,000,000) dollars per day, isn't that what Romney is spending. But, we all know where Romeny is getting his money.

    Just curious.

    February 6, 2008 04:38 pm at 4:38 pm |
  15. spinstopper

    What person, supposedly fighting for the poor for 35 years, has 5 million to "loan" themselves? I wonder what interest rate she is "giving" herself??

    February 6, 2008 04:38 pm at 4:38 pm |
  16. Curious Voter

    It is apparent now who the real monetary beneficiaries of yesterday's electoral contests were, considering that now Clinton and Romney have to loan their campaigns substantial sums of money...

    February 6, 2008 04:38 pm at 4:38 pm |
  17. Can't trust the Clintons

    Why did Clinton submit bills for the policies she's proposing while in the senate???

    February 6, 2008 04:39 pm at 4:39 pm |
  18. Robert in Albuquerque

    What I find interesting is she had more money in the on Jan 1, 08 ( about 15M more than Obama) so when you add up his Jan run of 32M and her 14M he really didn't have a huge cash surplus on her. What we need to know is how much they both spent in the past month. Hillary is also doing an online money run and so far today she has raised 1.5 million in about 24 hours per the email sent out just recently. Money isn't a problem for either side at this point.

    February 6, 2008 04:39 pm at 4:39 pm |
  19. Bryan Anderson

    Wow, Obama's raised a lot of money from individuals. More than 250,000 people gave to him in January alone! So now the Clintons are going to use their own funds to propel them to the White House? Ok...

    At some point, then, Bill Clinton may regret saying this in Iowa:

    "They say you couldn’t stop me from spending all the money I’ve saved over the last five years on Hillary’s campaign if I wanted to, even though it would clearly violate the spirit of campaign finance reform."

    February 6, 2008 04:39 pm at 4:39 pm |
  20. Ben

    It demonstrates that she is loosing support.

    February 6, 2008 04:40 pm at 4:40 pm |
  21. Gavin

    Clinton on her website has a campaign for 3 million in 3 days – and is less than one day, she's 1/2 way there!

    I'm making a donation on her website right now....She will be a historic change in leadership and the ONE who can take on all the mudslinging that McCain will bring us....and don't you dare think he'll somehow 'go easy' if it's not Clinton.

    ALL THE WAY HILLARY !!!!!!!!!

    February 6, 2008 04:40 pm at 4:40 pm |
  22. S Williams

    It pays to be wealthy.

    Her and Romney spending MILLIONS of their money to get a $400,000 a year job.


    February 6, 2008 04:41 pm at 4:41 pm |
  23. V from St. Louis

    Gotta do what you gotta do when your are chasing a contender...

    Obama 08!!

    February 6, 2008 04:41 pm at 4:41 pm |
  24. Sue

    Why does this matter? Hillary can't even sneeze without you trying to make a story of it. Guess there is nothing about Obama. We have got to start reporting on issues!!!!! I mean issues that matter to our country.

    February 6, 2008 04:41 pm at 4:41 pm |
  25. Gene in Texas

    Wow! What a shame? Where 're the Washington D C lobbyists...

    February 6, 2008 04:43 pm at 4:43 pm |
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