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. t-bone

    You know, the race SHOULD come down to experienced candidates - Clinton vs. McCain. But the Democrats seem bent on destroying themselves in yet another election by voting in Barack Obama. Hello???? Polls state 50% of Clinton voters will not vote for Obama if he gets in office. What that means is 50% of Clinton voters WILL VOTE for McCain, should Obama be the nominee. Statistically, there is no way for Obama to win if 50% of Clinton voters swing over to McCain.

    In addition, Clinton pulled in the superdelegates, meaning the big states. No candidate can win without them. Oh well. Fine with me. I was voting McCain anyways.

    May 7, 2008 09:56 am at 9:56 am |
  2. Jacqui Odell

    Blowing it all away especially when she's obviously not wanted as President and when there are so many people floundering in today's economy. I'd grow on iota of respect for her if she would admit defeat and leave on her own.

    May 7, 2008 09:56 am at 9:56 am |
  3. Obama Fan

    Is Hillary overly optimistic, in it just for herself, or just delusional? I listened to her "victory" speech last night. Only she could turn a 14 point defeat in North Carolina and a mere 2 point win in Indiana into a victory run to the White House.

    May 7, 2008 09:56 am at 9:56 am |
  4. Sam

    What I find funny is that now her campaign owes her that money PLUS interest... She is making money off this... So she will need to go to Win KY and WV in order to get the money she needs to pay her debts and herself.

    May 7, 2008 09:56 am at 9:56 am |
  5. sphil

    Hillary and Bush is two of a kind. They don't see thing as they are, but as the want them to be. Everybody with good sense know it is over. GET OUT Hillary!!!

    May 7, 2008 09:56 am at 9:56 am |
  6. Lindsay

    This woman will go to all means to win. Actually, I think that she is psychotic. She cannot handle losing. Bill Richardson said that the Clintons feel that the nomination should be handed to them. Just who do they think they are? Hillary cannot handle the finances of her campaign, let alone a country. She is so desperate that she will drive her family to getting food stamps ibefore it is all over. We do not need a psychotic like this in the White House. Hillary, save face and step down gracefully (if you actually can at this point), and not be dragged by the hair and thrown out. OBAMA is our man. Maybe 2016 will be your year (if you are able to get any votes after at this point).

    May 7, 2008 09:56 am at 9:56 am |
  7. Bryan, Scranton PA

    How is this legal? I thought before a candidate provided more than 100K to their campaign it had to go through a screening process or something.

    Anyway, this has got to stop. I am originally from New York and people in NYC hate her and people in Albany (where I went to Grad school) are not to happy with her either. Hence, she basically has lost NY because of these negative ads. Cut it out Hill! Remember, it's not about YOU and OBAMA...Its about US!!!

    May 7, 2008 09:56 am at 9:56 am |
  8. atypical white person

    Folks, please, let's not spend time tearing down anyone.

    Obama supporters admire and respect Obama for being able to adhere to a higher standard of character. Shouldn't the same philosophy and character be required of his supporters?

    You're creating the same divisiveness you blame HRC for and it's not necessary.

    Please think about the double standard you're creating.

    Peace-
    Obama 08

    May 7, 2008 09:56 am at 9:56 am |
  9. phillykat

    Husband was the former 'good times' president, the kitchen sink, the Bosnia lie, her first loan to the campaign, the awful Philly debate, the out of touch elitist remark, the gas tax stunt, another loan... and to think she could've run and won on name recognition alone! Seems "it's wiser to remain silent and be presumed a fool than to open your mouth and remove all doubt'"
    Barackudaaaaaah!

    May 7, 2008 09:56 am at 9:56 am |
  10. rajah kahn

    How will her campaign pay her back? From the people's contribution??? And then she postulates concern for POOR people...I think her lobbyists freind will send the money for her campaign to pay her???/

    May 7, 2008 09:56 am at 9:56 am |
  11. Keith

    What's with the loaning nonsense. If she believes in herself, she should spend the money herself.

    May 7, 2008 09:56 am at 9:56 am |
  12. Jay-Obama08

    How pathethic! Now we know how she raised $10 mill on the night of her PA win: she loaned herself the money. Can she she stoop any lower. It's really disheartening to see the Clintons like this. However, they brought it on to themselves. I voted for Bill twice in the past. Now it's time to move on. In spite of all the distractions, I would like to Hillary as VP if Bill would stay out of the White House.

    P.S You Obama supporter are great! Let's keep the American dream.

    May 7, 2008 09:56 am at 9:56 am |
  13. usakmac

    I guess money can and will but anything. Maybe if the supposedly Super Delegates were for a Democratic government then maybe they should speak up and end this farce. By the way, what makes their vote better than mine. Why do we (USA) push Democracy down the throats of other countries and we have to sit through this B.S.......

    May 7, 2008 09:56 am at 9:56 am |
  14. Race Ending soon

    Obama: please give her 6.4 millions and let her go home
    This is a risky behavious. Similar to voting for Iraq war or destroying Iran.

    May 7, 2008 09:56 am at 9:56 am |
  15. stew

    This woman has made it harder for the next woman to seek the Highest Office in the land. She is a joke, and the people that supports her are setting themselves up for failure. I knew she would not win my home state of North Carolina because the people there are smarter than those in Indiana and Pennsylvania combine. She is destroying herself and the Democratic Party at the same time. know matter what, John McCain will not beat Obama. The Republicans created this mess they call war in Iraq, they destroyed the U.S. Economy, and they got Americans fighting among themselves so how do Hillary Clinton feel that she is the one to unite the country? Please give me a break. This woman is about money and power and making sure that Chelsea can run for President on day. I think her and Bill Clinton is addicted to power and wealth. He was broke when he left the White house now he is worth $109 million dollars. Maybe, I should start giving speeches.

    May 7, 2008 09:56 am at 9:56 am |
  16. Clinton Campaign stole my money

    I contributed to the Clinton campaign in January a one time donation of $50 and they took unauthorized amounts of $50 out of my banking account for February, March and April, totaling $150. I contacted the campaign by phone multiple times about the unauthorized fund transfer and each time I was blown off and put into a voice mail box that was full and could not take accept any messages. The same thing happened to my bank when customer service tried to contact the campaign. I also sent 5 emails and did not receive a single response. I eventually had to close down my account to prevent the campaign from taking anymore money out. The bank refunded me my $150. I have yet to hear back from the Clinton campaign.

    My question is: How many other people this has happened to?

    May 7, 2008 09:56 am at 9:56 am |
  17. Nando, Florida

    Maybe we need a HILLARY HOLIDAY !!!!!!!!

    OBAMA 08

    May 7, 2008 09:57 am at 9:57 am |
  18. California Voter

    Romney funded his entire campaign . . .so what's the issue here?

    Let this election play out.

    HILLARY continue on . .you've got my money to finish this campaign to the end.

    May 7, 2008 09:57 am at 9:57 am |
  19. Peter Griffin

    Hillary,

    As the Blue Collar Candidate, we are glad to see that you reached into your cookie jar, under the matress and hit up the in-laws for over $11 million. You can obvously understand how the hard working families in America, struggling to fill up their gas tanks, pay utilities and buy grocerys are suffering. I guess you will have to get your lazy husband off the couch and have him get a job, maybe he could do a few half hour speaches and make it possible for you to continue your futile campaign. It seems that you are bewildered that Americans would vote for someone else. It is almost like a spoiled ($100M) child that does not get her way. Or is it like a dictator that asks the poor to finance a new palace, "that they deserve".
    You Carpet-bagged" your way to the NY Senate seat on Bill's name, by supporting his adultery, now you covet thy neighbor's votes.....

    May 7, 2008 09:57 am at 9:57 am |
  20. Jason

    Wow!
    She lacks judgement not to notice she can't win the nomination.

    May 7, 2008 09:57 am at 9:57 am |
  21. Joe St Louis, MO

    Lets all come together now. WE CANT HAVE MCCAIN(BUSH) policies. Hill gave it a good try and now we need to beat up Mccain. Please see the real story here and take this country away from the Corporate greed administration we have. GET WITH IT.

    May 7, 2008 09:57 am at 9:57 am |
  22. Lee

    If she can't manage her campaign's budget properly, how does she expect me to believe that she would be able to manage America's money?

    May 7, 2008 09:58 am at 9:58 am |
  23. Marcus, Dallas TX

    This is a sad day in our Democratic party. Hillary has run a valiant campaign and now it is time to let this go and unite the party to run against McShame and the Repugs. Please Clinton supporters and Obama supports, unite, lets stop the infighting. We need each other to make sure that we don't have another 4 yrs of GWB. If you have comments, let's make them about issues, personal attacks and fear mongering has no place in American politics and Obama is trying to champion that cause. Let's start by being more polite and cordial toward those who have different view and different thoughts, different backgrounds and different upbringings, because we all have the same hope. Hope that one day, we can live out the American dream and that our government will no longer hold us back, but actually help us along the way as we help ourselves. WE have to do this together!! UNITED WE STAND, DIVIDED WE FALL (and allow McShame and the Repugs to win).

    Obama '08

    May 7, 2008 09:58 am at 9:58 am |
  24. End this now

    Hillary please get of the race ,Please have a little common decency to give Obama credit for the kind of campaign he has ran. You loss NC and needed to win it to prove your point, 2 points is such a narrow win in IN that it did not make any statement. Rally around the front-runner please don't be selfish for once!!!

    May 7, 2008 09:58 am at 9:58 am |
  25. Canadian Observer

    From Looking at this Race from the outside its amazing how the American people are easily fooled. Isn't this the same woman that rasied 10 million and was running such a well organized campaign with momentum? Please she is done lets put this race to rest she is runing the democrats chance of a victory in the general election, she is too predictable, go negative and lie about Obama when she faces defeat and lie about how much off an angle and an ordinary person she is when the odds are in her favor. Are American's that predictable, she is done support Obama and allow him to lead the country to its utmost potential

    May 7, 2008 09:58 am at 9:58 am |
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