May 7th, 2008
10:20 AM ET
4 years ago

Clinton loans herself $6.4 million

, ,
 Clinton has loaned her campaign a total of $11.4 million.
Clinton has loaned her campaign a total of $11.4 million.

WASHINGTON (CNN) - Democrat Hillary Clinton has loaned her presidential race $6.4 million over the last month, bringing the total amount of money she has lent herself to $11.4 million.

And she is willing to lend herself more money, top adviser Howard Wolfson told reporters Wednesday, a day after Clinton eked out a narrow victory over Sen. Barack Obama in Indiana's Democratic primary but lost to him by a landslide in North Carolina.

The $11.4 million she has lent her campaign this year is about the same as the amount she earned from book sales and her Senate salary, Wolfson said.

On a conference call with reporters, Wolfson said the loan proves Clinton is committed to staying in the presidential race.

"The loans are a sign of her commitment to continuing the race, her commitment to continuing the process and her commitment to staying competitive with Senator Obama on television and other areas," he said.

"The campaign continues to raise a lot of money, but Senator Obama, to his credit, is also raising a lot of money."

Clinton loaned herself $5 million on April 11, $1 million on May 1 and $425,000 since then, the campaign said Wednesday. The senator from New York loaned her campaign $5 million in February.

Clinton began the month of April with close to $32 million in cash on hand, but only $9 million of that total could be spent during the primary season, according to the most recent campaign reports filed with the Federal Election Commission.

The report also showed that Clinton owed more than $10 million, meaning she was in the red even before she heavily stepped up television advertising ahead of the Pennsylvania primary in late April.

The day after her convincing Pennsylvania win on April 22, the Clinton campaign said it raised $10 million on the Internet. The campaign has not said how much it has raised since her close win in Indiana and her North Carolina loss Tuesday.

(Updates with campaign comments)


Filed under: Hillary Clinton
soundoff (697 Responses)
  1. Bill from MA

    I wonder why the die hard Hillary supporters don't it: She has no idea how to manage a campaign. So how do these folks think she'd be able to manage a country? By lying perhaps! But I find it a the terrible thing that these folks also say that rather McCain than Obama. They don't see that they hurt the democratic party, the country and thus themselves! And not just a little bit!

    May 7, 2008 11:13 am at 11:13 am |
  2. Blayze Kohime

    Wasteful. Thanks to her the democratic party could go down in flames, and she is too foolish to realize it. She would have to win 65% of all primaries and super delegates to win right now, so its virtually impossible. Yet she continues to waste funds, even money she doesn't have, that would be better spent on uniting the party and beating McCain.
    So thanks Hilary for handing the election to McCain on a silver platter.

    May 7, 2008 11:13 am at 11:13 am |
  3. Tom

    How come Sen. Clinton is not being accused of trying to buy the nomination like others before her were accused when they used their own money? I guess she's also still the blue collar champion since most blue collar voters have $11M just hanging around in case they need to buy themselves a job. Not too elitist I guess.

    May 7, 2008 11:14 am at 11:14 am |
  4. Sean

    "On a conference call with reporters, Wolfson said the loan proves Clinton is committed to staying in the presidential race." I love the spin they put on things. The simple fact of the matter is, any well-run campaign should not have to loan their campaign money. For the people, by the people.

    May 7, 2008 11:14 am at 11:14 am |
  5. Luke Brown, Charleston SC

    Earth to Senator Clinton: You've lost.

    PS .. We have had enough of a President who can't accept reality.

    May 7, 2008 11:14 am at 11:14 am |
  6. Frank, Missouri

    Put HER in charge of the economy ... But she said she would not listen to 'those' economists. Worked for George Bush after all for seven years.

    May 7, 2008 11:15 am at 11:15 am |
  7. Steve

    It's over Hillary. Time to move on. There is an art to being able to bow out of something gracefully. Obviously, you have not figured that out either. Just like your inability to be sincere and honest.

    May 7, 2008 11:17 am at 11:17 am |
  8. Mike

    The loans are not a sign of her commitment, they are a sign she should be committed.

    May 7, 2008 11:17 am at 11:17 am |
  9. cant we all just get along

    Clinton supporters unite behind Obama and help us defeat the Republicans! Your own candidate will support Obama and you should as well!!

    Obama 08

    May 7, 2008 11:18 am at 11:18 am |
  10. Jeanne

    A fool and her money are soon parted. Maybe she should talk to Mitt Romney about how well it worked for him.

    May 7, 2008 11:19 am at 11:19 am |
  11. Darth Vadik, CA

    If she has no sense to get out right now, I don't want her as VP either, and to you Kyles who will not vote for Obama because you're upset Hillary lost, just take your ball and go home.

    May 7, 2008 11:19 am at 11:19 am |
  12. NBC

    John McCain is the only one on the Republican ticket....he recieved 70% of the vote. He can't carry his own party. Why would a Democrat jump party lines to vote against their own interests, given that fact?

    May 7, 2008 11:19 am at 11:19 am |
  13. Mike, Toronto

    The loans are a sign of her financial inabilities and, given that she mistrusts economists in general, one could wonder how a Clinton presidency would look like...

    May 7, 2008 11:20 am at 11:20 am |
  14. Bart in SC

    To All Obama supporters:
    Wow, if the numbers were reversed and BO was behind would you want him to drop out? I like Obama also but his supporters need to STOP HATING.

    May 7, 2008 11:20 am at 11:20 am |
  15. kathleen,retired Professional w/woman for obama

    No more "wimps" in the White House!!!!! Wimps that sell our jobs for personal profit.

    May 7, 2008 11:22 am at 11:22 am |
  16. tammy

    It has been reported that Hillary did not report 24 million dollars of their money.

    May 7, 2008 11:22 am at 11:22 am |
  17. ike ojeh

    i think it is time for hillary to stop and try pick up the V P position. for obama to raise more money means that she is over exprience to be the president. a woman president will be a problem anyway because when they make mistakes they blame men for it.

    May 7, 2008 11:22 am at 11:22 am |
  18. Tim from Ohio

    I am deeply honored that president and Mrs. Clinton care enough about this country that they would loan this amount of money to her campaign. It shows her committment to the cause of making America a better place for everyone and for future generations.

    God bless you Pres. and Mrs. Clinton and thank you for all of the great things you have done for America.

    May 7, 2008 11:22 am at 11:22 am |
  19. Canadian observer

    Whoever is posting under my name, just quit it please ! Go get your own name !

    May 7, 2008 11:23 am at 11:23 am |
  20. Chris

    Save your millions....there is no way you can catch up unless you destroy the democratic party......

    May 7, 2008 11:23 am at 11:23 am |
  21. David

    How can someone be so selfish. She lost, now all she can do is waste more money and more time. I don't support Hillary or Obama, but she sure is dvividing that party like it or not.

    May 7, 2008 11:23 am at 11:23 am |
  22. dan

    whenever u are loaning yourself money...its never a good sign
    just drop out already

    May 7, 2008 11:23 am at 11:23 am |
  23. Sally

    Hillary –

    Don't give up! We all know you are a tough fighter. Stay in the race. You deserve it!!! You are the one who can solve the problems for americans!

    Hillary 08

    May 7, 2008 11:24 am at 11:24 am |
  24. Gav Cali

    This shows her comitment to keep getting donations so she can pay the bills she built up. If you can loan yourself 11.4 million, Im guessing you got more in the bank... a lot more.

    May 7, 2008 11:24 am at 11:24 am |
  25. Ben

    Hillary ,Please can I borrow $40,000 from you,I need it to pay my student loan,and you seem to have excess $.

    May 7, 2008 11:27 am at 11:27 am |
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