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June 10, 2008
Posted: 01:55 PM ET
FROM CNN's Jack Cafferty: Hillary Clinton is out of the race for president, but she's not out of the red. Far from it. In fact, it's believed Clinton has the largest presidential campaign debt in history. Recent filings show Senator Clinton loaned her campaign $11.4 million of her own money, and she also owes vendors about $9.5 million. That's at least $20 million. Other wealthier candidates, like Mitt Romney, have loaned themselves more money... but they don't always plan on getting it back. Clinton also has to deal with both the personal loan and the unpaid bills. One campaign finance lawyer tells the New York Times that Clinton's debt is "unprecedented." Other candidates who have lost have owed less than half the amount she owes to businesses. So what exactly are Clinton's options? The good news for her is her campaign says it's raised about $1 million since the final primaries last week. That suggests some supporters may be committed enough to help out with her bills. The other possibility floated around is for Barack Obama to pitch in. Although campaign finance laws prohibit him from transferring money from his campaign to hers... his campaign could ask supporters to chip in or he could hold fund-raisers on her behalf. But not everyone is sure this is the way to go. Some Obama fund-raisers say it will be tough to help out Clinton because they're already raising money for Obama and for the DNC. Others say the tensions from the primary race could make it more difficult. But if Obama does help Clinton, it could go a long way toward getting her – and her supporters – on board his run for president. Here’s my question to you: Would it be a good idea for Barack Obama to help Hillary Clinton repay her campaign debt? Interested to know which ones made it on air?
Shane from Montreal writes: Ray writes: Betty from Alabama writes: Buster from Poughkeepsie, New York writes: Jonathan from Hartford, Connecticut writes: Nancy from Cunningham, Tennessee writes: Filed under: Barack Obama Hillary Clinton |
Jack Cafferty sounds off hourly on the Situation Room on the stories crossing his radar. Now, you can check in with Jack online to see what he's thinking and weigh in with your own comments online and on TV. Send your comments on the "Cafferty File". Jack's Book
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