August 19th, 2008
05:53 AM ET
10 years ago

Still mired in debt, Clinton seeks cash

Clinton is still mired in campaign debt.

Clinton is still mired in campaign debt.

(CNN) - It might be Barack Obama's convention, but Hillary Clinton is taking the opportunity to raise money off of it.

Days after the New York senator announced she would award one contributor a trip to the convention with her, husband Bill Clinton is out with another fundraising appeal Monday encouraging supporters to join the contest.

Cafferty: Should Obama help Clinton with debt?

In an e-mail to potential donors Monday, the former president promised one contributor would have a memorable week with his wife, though he took care to reiterate Obama is the Democrat who the party will nominate for president.

The e-mail is a stark reminder the New York senator remains mired in campaign debt more than two months after she ended her historic bid for the White House, much to the aggravation of many of her supporters.

"You'll get to see Hillary speak on Tuesday, and Barack Obama - the next president of the United States - on Thursday," he wrote. "And I hear Hillary and you will have a chat - I'll make sure to stop by."

The fundraising appeal also comes shortly after it was announced Clinton's name would be placed in nomination along with Obama's and the same day one of the New York senator's most prominent backers, billionaire Lynn Forrester, expressed anger with Obama for not doing more to help the New York senator retire her campaign debt.

“He has provided her with a pittance compared to what the Clintons have given Obama,” she said. “Her debt could have been cleared within 10 days. It’s ungracious.”

Related: Clinton donors hesitant to show love for Obama

When it comes to her campaign debt, the conclusion of the party's convention serves as an important deadline. According to McCain/Feingold campaign finance reform, candidates only have 20 days after that date to fundraise for their personal loans.

As of the end of June, Clinton was more than $25 million in debt, $13 million of which is owed to herself. (Though New Jersey Senator Frank Lautenberg is currently appealing the FEC with regards to that provision.)

The Clintons, likely averse to any more hits on their public image, are reportedly not seeking to get their own money back.

Filed under: Candidate Barack Obama • DNC • Hillary Clinton
soundoff (266 Responses)
  1. KC

    She had no business spending all that money for attack ads on her primary opponent when 1) everyone said, do the math; you lost, honey; and 2) she wasn't getting contributions at the time

    She won't miss the money. How rich do you have to be?

    Just write your book about how you screwed up the election.

    August 18, 2008 07:16 pm at 7:16 pm |
  2. End the Insanity

    How many people do YOU know that can plunk down 13 million??!?!?

    I just hope that the government gets a share of that transaction like it gets a share of everything that we get. Too bad, just a Boo Hoo for You Billary.

    August 18, 2008 07:18 pm at 7:18 pm |
  3. Mr Wonderful

    Hillary you are such a silly girl. Why don't you just go away. This is Barrack Obama's moment.

    Obama/Wonderful 08

    August 18, 2008 07:19 pm at 7:19 pm |
  4. Steve

    She's not hurting for money. This is the same woman who charged the Secret Service rent to stay in their property......and they protect her family.

    August 18, 2008 07:20 pm at 7:20 pm |
  5. Brian

    The PUMA's should stop spending money to ensure America suffers for 4 years and help Hillary.

    August 18, 2008 07:21 pm at 7:21 pm |
  6. deroy

    is mitt romney asking for help?

    tell her to stuff it.
    is she paying back to gov't for the year and one-half she took off from her day job?

    August 18, 2008 07:21 pm at 7:21 pm |
  7. Hillary's destiny

    This is the reason why I couldn't vote for her. How can she fix our economy if she cannot balance the debt in her own campaign? Her campaign's budget is peanuts compared to the US economy.

    On a separate note, does anyone know if McCain believes in God or not? I wasn't clear on his response to that.

    August 18, 2008 07:22 pm at 7:22 pm |
  8. the truth hurts

    When guys loose its over when women loose it is simply a misunderstanding in need of further clarification.

    August 18, 2008 07:23 pm at 7:23 pm |
  9. yay of PA

    “He has provided her with a pittance compared to what the Clintons have given Obama,” she said. “Her debt could have been cleared within 10 days. It’s ungracious.”

    Hmm? It's support from this type of deflecting, presumptuous, and irresponsible mindset that mired Hillary's campaign in the first place.

    Not gung-ho about Obama, but he's under no formal obligation to do crap about Hill's debt. Shifting the blame to the winner isn't going to help matters.

    Alas, it's up to every responsible Dem to help Hill, not any single vat of supporters.

    August 18, 2008 07:23 pm at 7:23 pm |
  10. Allen M from Western Kentucky

    Talk about fiscal irresponsibility, This woman spent millions from a well financed machine advancing her cause, and then spent more money that she didn't have when every major news service said that she was fighting a losing battle. Now even after she lost the nomination she wants a roll call vote at the convention and she and her supportors don't want to pay off the large debt that she owes, but expects Her opponent to pay it. Her supporters need to grow up, face reality for once, back the party nominee, and pay their own debts.

    August 18, 2008 07:23 pm at 7:23 pm |
  11. Bob

    Hilliary is in debt over her campaign but how about all the people who going to vote for Obama. If they make 50,000/year it is going to cost them additional 2,000 per year in taxes not to mention if gas goes up to $8.00/per gallon.

    August 18, 2008 07:23 pm at 7:23 pm |
  12. Truth Be Told

    Let the "18 million" put their money where their mouths are...and pay off the debt. That is not Barack Obama's responsibility. He has a campaign to run, that he has run very well. She ran a poor campaign...and did not wisely manage her finances. If she can't effectively manage the finances of her campaign, how could she possibly run the country. That is her responsibility. She should have these conversations quietly with the DNC, not Barack Obama. This is not a good look for her or for women. She should be more resourceful, and quietly take care of this. The more noise she makes, the more she makes herself look really bad and incompetent. Come on, how many other former candidates have constantly badgered and begged the nominee to pay of their poorly managed campaign debts?

    August 18, 2008 07:23 pm at 7:23 pm |
  13. Georgia, USA

    PUMA's r a repub organization w a few high profile mad and angry hillary supporters at the top. thats why they dont pay up. Obama would have helped her if hillary's supporters helped him. They didnt so he didn't. he's the one in control and the clintons refuse to accept that.

    August 18, 2008 07:23 pm at 7:23 pm |
  14. Not This Time

    You Hillary supporters need to stop talking and get to paying up. My goodness what happened to all that love? This should've been a done deal since the primaries were over months ago. Please pay up so she can shut up. Thank you.

    August 18, 2008 07:23 pm at 7:23 pm |
  15. Robin

    I agree with Lesley, if Hillary has such strong supporters that need to be heard at the convention, let them help her with her debt.

    August 18, 2008 07:23 pm at 7:23 pm |
  16. WHO CARES???

    The Clintons have enough millions – retire your own debt, Hillary!!!!!!!

    August 18, 2008 07:24 pm at 7:24 pm |
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