Hillary Clinton loans her campaign money

CNN reports that Hillary Clinton loaned her campaign $5 million dollars. This is but another sign of the continuing weakening of the Clinton campaign and a sign of the growing momentum of the Obama campaign. The plot thickens, as reported by the Chicago Tribune that several senior staff members, including her campaign manager, are working without pay. The pressure mounts from the Obama fund buildup as the Obama campaign is raising approximately one million dollars a day through their website, www.barackobama.com. The Chicago Tribune went on to say:

During January, Obama outraised Clinton by more than 2-to-1, bringing in a staggering $32 million in contributions to $13.5 million for Clinton and expanding his donor base to more than 650,000 contributors, according to aides to both candidates. Unlike the Clinton campaign, which depends heavily on wealthy contributors who have already reached the $2,300 legal maximum they can give to a candidate, Obama relies more on small-dollar donors who can keep giving.

“We now have a campaign in which Obama has a commanding financial advantage and she has become the financial underdog,” said Anthony Corrado, a political science professor at Colby College in Maine who studies political fundraising.

At a news conference in Arlington, Va., Clinton pledged that her campaign would have the resources to mount a serious bid as the race shifts to a series of state-by-state contests across the country that both candidates now expect to last through March, even April and possibly beyond.

As I have predicting on my blog since April of 2007, Hillary Clinton will unravel. One of the problems is that they “never saw it coming.” They took this Obama person very much for granted and underestimated his talent and ability. The Clintons also ran as incumbents, when in fact they are not the incumbents. This sense of entitlement permeated the entire campaign and its staff. Now, Hillary Clinton is loaning her campaign $5 million dollars and that is only what we know about. The White House must be one helluva place for someone to risk a part of their life savings. The risk is that she may never see loan repaid. In fact, it is likely. The Clinton resources are nearly dried up. Obama, with his base of 650,000 donors and growing, can go back to a large percentage of those donors because they have not maxed out.

Or as Seinfeld might say about the Hillary Clinton campaign, “That can’t be good.” Reading on Walden Bookstore.

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