Friday, May 9, 2008

Everybody Say It All Together Now: Follow The Money

From the IHT.

The once-formidable fund-raising machine of Bill and Hillary Rodham Clinton has begun to sputter at the worst possible moment for Hillary Clinton's presidential campaign, Clinton advisers and donors said Thursday, with spending curtailed on political events and advertising as Clinton seeks to compete in the last six nominating contests.

Clinton's diminished political momentum, following Tuesday's loss in the North Carolina primary and her narrow victory in Indiana, appears to have had a dampening effect on her fund-raising, aides said, increasing the likelihood that Clinton will lend her campaign more of her own money beyond the $11 million she has already provided.

Clinton advisers said Clinton was committed to spending more of her own cash on the campaign if necessary, although they spoke optimistically about a rise in fund-raising if she prevails in Tuesday's primary in West Virginia.

The campaign is clearly running low on cash, although advisers would not say how much money — or how little — Clinton currently has. The campaign had started April with over $10 million in unpaid debts, and Clinton was vastly outspent by Senator Barack Obama in North Carolina and Indiana.

Some advisers to Clinton said that the debt had grown significantly, especially because of the high cost of competing and advertising in the Pennsylvania primary last month, but they could not give a precise figure...

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