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Tuesday, July 22, 2008

Even Hillary's Exit Comes with a Price

Hillaryland confirms it climbed even deeper into debt as it exited the primary battlefield, forcing Hillary Clinton to pony up another $1 million loan as an apparent case of donor fatigue sets in for the broke, ex-Democratic presidential candidate.

Clinton has now loaned her campaign a total of nearly $13.2 million to finance her failed bid for the White House, as the New York Times first reported. The loans come on top of the campaign's $12 million in debt to vendors, her total as of the end of June.

Clinton is focusing on paying off the vendors and has indicated she is willing to eat the money she has loaned to her campaign, but it hasn't been easy, since she accrued another $1.6 million in debt in June alone.

Clinton's fat-cat donors don't appear to be giving to Barack Obama, either. A new report on the Huffington Post indicates that Clinton's big-ticket bundlers, known as Hillraisers, gave Obama less than $20,000 last month, barely a trickle when you consider he raised $52 million in June.



By Ken Bazinet, New York Daily News, July 21, 2008

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