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Clove
05-07-2008, 12:56 PM
http://ap.google.com/article/ALeqM5i23h4XqvR0Ph96aWYyZ4PgI54YCwD90GR0U00

Clinton lends herself $6.4M as Obama's lead grows


WASHINGTON (AP) — A campaign aide says Hillary Rodham Clinton loaned herself $6.4 million in the past month.

Politically wounded and financially strapped, Clinton plunged back into the presidential campaign Wednesday even as Barack Obama declared that Tuesday's primary results left him with a "clear path to victory."

Obama beat Clinton soundly in North Carolina and fell just short in an Indiana cliffhanger, a rebound for the Illinois senator that presented Clinton with fast-dwindling chances to deny him the Democratic presidential nomination.

The loan more than doubles Clinton's personal investment in her bid for the Democratic nomination. She gave her campaign $5 million earlier this year.

Clinton has been struggling financially behind the record fundraising of her Democratic rival, Barack Obama.

Obama has routinely outspent her in primary after primary. Clinton's campaign reported raising $10 million online after her victory April 22 in Pennsylvania. But Obama has shown little difficulty tapping his vast network of donors. He spent more than $7 million on advertising head of Tuesday's primaries in North Carolina and Indiana to her nearly $4 million.

But even as Obama planned to take the day off from the campaign trail Wednesday, Clinton showed no public signs of easing her pace. The campaign added a noon Wednesday appearance in Shepherdstown, W. Va., to her schedule. On Thursday, she planned to campaign in West Virginia, South Dakota and Oregon.

Clinton backers appeared on early morning television programs to stress that she was still in the race and to urge party leaders and elected officials known as superdelegates not to flee to Obama.

"This candidacy and this campaign continues on," Clinton communications director Howard Wolfson said Wednesday on CNN.

Obama was 184.5 delegates shy of the 2,025 needed to secure the Democratic nomination, his campaign finally steadying after missteps fiercely exploited by the never-say-die Clinton.

His campaign dropped broad hints it was time for the 270 remaining unaligned superdelegates to get off the fence and settle the nomination.

In a counter to Wolfson, Obama communications director Robert Gibbs said: "The delegate math gets exceptionally harder for Senator Clinton every day"

In a memorandum to superdelegates, Obama campaign manager David Plouffe reminded them of the delegate math necessary to secure the nomination. He said Clinton would need to win 68 percent of the remaining delegates to win — an extremely unlikely scenario, made harder by her poor performance Tuesday.

"With the Clinton path to the nomination getting even narrower, we expect new and wildly creative scenarios to emerge in the coming days," Plouffe wrote. "While those scenarios may be entertaining, they are not legitimate and will not be considered legitimate by this campaign or millions of supporters, volunteers and donors."

It was in the superdelegate arena — even more than in the scattered primaries left — that the Democratic hyperdrama was bound to play out.

Clinton vowed to compete tenaciously for West Virginia next week and Kentucky and Oregon after that, and to press "full speed on to the White House."

But she risked running on fumes without an infusion of cash, and made a direct fundraising pitch from the stage in Indianapolis. "I need your help to continue our journey," she said.

And she pledged anew that she would support the Democratic nominee "no matter what happens," a vow also made by her competitor.

But her campaign schedule belied any immediate reconciliation. West Virginia holds its primary on Tuesday. Kentucky and Oregon hold their contests a week a later. Puerto Rico is scheduled for June 1 followed promptly by Montana and South Dakota on June 3.

Her campaign is making the case that those contests are crucial to her and will press Democratic party officials to resolve disputed contests in Michigan and Florida, which she won but whose results the party voided because the primaries were held ahead of the schedule set by Democratic Party rules.

Obama, addressing supporters in North Carolina Tuesday night, pivoted away from his contest with Clinton and made a general election appeal that singled out his biography and his call for a new brand of politics. Still, his message also had a partisan pitch.

"This primary season may not be over, but when it is, we will have to remember who we are as Democrats ... because we all agree that at this defining moment in history — a moment when we're facing two wars, an economy in turmoil, a planet in peril — we can't afford to give John McCain the chance to serve out George Bush's third term," he said.

McCain, the certain Republican nominee, has been running a general election campaign for weeks. He has reached out to independent voters and sought to secure his conservative base, as he did Tuesday with a speech on his vision of the judiciary. He was scheduled to deliver a speech Wednesday on curbing the international exploitation of children.

The Obama-Clinton contest has been polarizing, protracted and often bitter, hardening divisions in the party, according to exit polls from the two states.

A solid majority of each candidate's supporters said they would not be satisfied if the other candidate wins the nomination.

Fully one-third of Clinton's supporters in Indiana and North Carolina went beyond mere dissatisfaction to say they would vote for McCain instead of Obama if that's the choice in the fall.

Obama scored a convincing victory of about 14 points in North Carolina, where he'd been favored. Clinton squeezed out a narrow margin in Indiana after a long night of counting.

Racial divisions were stark.

In both states, Clinton won six in 10 white votes while Obama got nine in 10 black votes, exit polls indicated.

It was a slightly better performance than usual by Clinton among whites, while Obama's backing from blacks was one of his highest winning percentages yet with that group.

Clinton fell short of the Indiana blowout and the North Carolina upset that might have jarred superdelegates into her camp in a big way.

They have continued trickling toward Obama despite the fallout over his former pastor's racially divisive remarks and Clinton's win in Pennsylvania two weeks ago.

The impact of a long-running controversy over the Illinois senator's former pastor, the Rev. Jeremiah Wright, was difficult to measure.

In North Carolina, six in 10 voters who said Wright's remarks affected their votes sided with Clinton. A somewhat larger percentage of voters who said the pastor's remarks did not matter supported Obama.

Obama and Clinton both planned to campaign in the next primary states starting Thursday, after a day in Washington. Obama headed to Chicago after his Raleigh speech before coming to the capital.

Associated Press writers Tom Raum in Raleigh, N.C., and Liz Sidoti in Indianapolis contributed to this report.
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If she can't raise and manage enough campaign funds to win the candidacy, how does that speak to her ability to manage the US economy?

Parkbandit
05-07-2008, 03:37 PM
Talk about a waste of money... why do I think she will get out of the race if the DNC or Obama repays this loan?

Keller
05-07-2008, 03:47 PM
I agree w/ PB. I don't know what her exit strategy is, but she's smart enough not to put up 6.4M without one.

Clove
05-07-2008, 03:48 PM
Hillary... get bought out?!!?!?!?111!

Gan
05-07-2008, 04:03 PM
Talk about a waste of money... why do I think she will get out of the race if the DNC or Obama repays this loan?

Here's the thing though. If we're to assume that she got assurances from Dean that she would get repaid... why in the hell would Dean protract the race any longer by giving her assurance of repayment. Why not just let her campaign starve and die right now and fulfill his wish of having a winner chosen by June/July right now? That goes for Obama assurances as well. Why risk having to pay that back when you can just watch it starve/die now and secure the nomination by default?

I really cant figure out her strategy other than buying more time to reach a brokered convention or a possible forced seat as VP.

Parkbandit
05-07-2008, 04:06 PM
Here's the thing though. If we're to assume that she got assurances from Dean that she would get repaid... why in the hell would Dean protract the race any longer by giving her assurance of repayment. Why not just let her campaign starve and die right now and fulfill his wish of having a winner chosen by June/July right now? That goes for Obama assurances as well. Why risk having to pay that back when you can just watch it starve/die now and secure the nomination by default?

I really cant figure out her strategy other than buying more time to reach a brokered convention or a possible forced seat as VP.

Before last night, she had a legitimate reason for staying. She had already loaned herself the 6 million last month.

I'm saying that her current exit strategy will likely include repayment of the loan. It will also include some assurances by the DNC that if Obama doesn't win in '08, that he can't try again in '12.. that it's her year.

Keller
05-07-2008, 04:08 PM
Here's the thing though. If we're to assume that she got assurances from Dean that she would get repaid... why in the hell would Dean protract the race any longer by giving her assurance of repayment. Why not just let her campaign starve and die right now and fulfill his wish of having a winner chosen by June/July right now? That goes for Obama assurances as well. Why risk having to pay that back when you can just watch it starve/die now and secure the nomination by default?

I really cant figure out her strategy other than buying more time to reach a brokered convention or a possible forced seat as VP.

But can't she be positioning herself for a buyout without any assurance? She's obviously got an ego the size of Jupiter -- so she's not going to quit. She's also not stupid enough to put up another 6.4M of her personal assets to continue a campaign she knows is unlikely to result in her nomination.

Tea & Strumpets
05-07-2008, 04:11 PM
Jon Stewart has a great joke when he interviewed Obama on the Daily Show. I tried to find a clip or quote but couldn't find one...but it was something like..

Stewart (to Obama): Does your campaign have any concerns that if you should win the Democratic nomination, and go on to win the Presidency, that when you are sworn in November Hillary will still be campaigning?

Gan
05-07-2008, 04:16 PM
Before last night, she had a legitimate reason for staying. She had already loaned herself the 6 million last month.

I'm saying that her current exit strategy will likely include repayment of the loan. It will also include some assurances by the DNC that if Obama doesn't win in '08, that he can't try again in '12.. that it's her year.
I can see her using the repayment of both loans as blackmail to Dean when he gets close to the July deadline and wants one to back down. Thats the only out I see where an assurance can be given. Why invest in a dying horse, unless you fear that the horse is not as close to death as you would think or like...


But can't she be positioning herself for a buyout without any assurance? She's obviously got an ego the size of Jupiter -- so she's not going to quit. She's also not stupid enough to put up another 6.4M of her personal assets to continue a campaign she knows is unlikely to result in her nomination.
No doubt she's not dumb when it comes to money. I just cant see others being dumb enough to give assurances to a losing candidate for repayment of funds if she loses. But if she's manuevering for a possible force out or step down relating to a Dean demand... well - I can definately see that being part of the negotiations for withdrawal.

I need to set up a Game Theory matrix to see if I can see any other possibilities.

Keller
05-07-2008, 04:20 PM
No doubt she's not dumb when it comes to money. I just cant see others being dumb enough to give assurances to a losing candidate for repayment of funds if she loses. But if she's manuevering for a possible force out or step down relating to a Dean demand... well - I can definately see that being part of the negotiations for withdrawal.


I agree regarding assurances, but you're the one who brought them up. I just think she knows that she CAN continue indefinately (esp if she backs a federal suit to seat FL and MI), so she has de facto "assurances" that the loan note will be repaid by someone other than her campaign (assuming she doesn't win the nomination). It's the safe play for her. She wins goodwill with FL and MI democrats, she continues her extraordinarily slim chances of being nominated, and she has very little actual risk.

Gan
05-07-2008, 04:34 PM
Actully PB brought up the assurances. And I agree that she would not just haphazardly throw out another 6m for a total of 12m or so in cash for this...

Agamemnon
05-07-2008, 04:44 PM
isnt it mathmatically impossible for her to win, barring obama imploding into a neutron star.

g++
05-07-2008, 04:50 PM
isnt it mathmatically impossible for her to win, barring obama imploding into a neutron star.

Its looking improbable because Obama has a slight lead in the popular vote and most super delegates are scurrying over to him to end the primary and shore up to fight the republicans. If it werent for the momentum Obama has right now Clinton would have a shot at taking it.

radamanthys
05-07-2008, 04:51 PM
People would still vote for him. Obama/Neutron Star '08!

Clove
05-07-2008, 06:13 PM
No doubt she's not dumb when it comes to money. I just cant see others being dumb enough to give assurances to a losing candidate for repayment of funds if she loses. But if she's manuevering for a possible force out or step down relating to a Dean demand... well - I can definately see that being part of the negotiations for withdrawal.

I need to set up a Game Theory matrix to see if I can see any other possibilities.It's a thug play. Even though she's unlikely to win Dean accomplishes nothing by "sitting back and letting her campaign die" because she has just enough life to drag her campaign all the way to the Convention and ruin any shot of a Democrat win in the General. So she'll put her cooperation up for sale.

AestheticDeath
05-07-2008, 06:27 PM
I am so confused by politics. What are they spending so much money on? Just the stupid billboards, commercials, and paying the guys who are supporting them?

And why would anyone repay Clinton the money she spent on her own campaign?

Keller
05-07-2008, 07:24 PM
Actully PB brought up the assurances. And I agree that she would not just haphazardly throw out another 6m for a total of 12m or so in cash for this...

I see. I thought you were referring to assurances of the loan repayment. I wasn't aware you were comingling the loan and the DNC promising her the nomination in '12 if Obama loses the general.

Keller
05-07-2008, 07:26 PM
I am so confused by politics. What are they spending so much money on? Just the stupid billboards, commercials, and paying the guys who are supporting them?

And why would anyone repay Clinton the money she spent on her own campaign?

Campaigns are businesses that sell the candidates and receive no gross receipts. They have to pay for phone packages to call voters, pay for the production of ads, the ad time itself, the campaigns travels, lodging, food, etc. It's expensive shit.

Parkbandit
05-07-2008, 07:29 PM
I am so confused by politics. What are they spending so much money on? Just the stupid billboards, commercials, and paying the guys who are supporting them?

And why would anyone repay Clinton the money she spent on her own campaign?

She has a staff she has to pay, plus all the travel, meals, hotels, etc.. she has to have while she and her staff is on the road. In addition to what you have mentioned.. she also has to pay for mailers, phone calls to urge people to vote, internet, etc...

6.4 million won't last her long.