Cash-strapped Clinton fails to pay bills

The Politico: Cash-strapped Clinton fails to pay bills
By KENNETH P. VOGEL | 3/30/08

Hillary Rodham Clinton’s cash-strapped presidential campaign has been putting off paying hundreds of bills for months — freeing up cash for critical media buys but also earning the campaign a reputation as something of a deadbeat in some small-business circles.

A pair of Ohio companies owed more than $25,000 by Clinton for staging events for her campaign are warning others in the tight-knit event production community — and anyone else who will listen — to get their cash upfront when doing business with her. Her campaign, say representatives of the two companies, has stopped returning phone calls and e-mails seeking payment of outstanding invoices. One even got no response from a certified letter.

Their cautionary tales, combined with published reports about similar difficulties faced by a New Hampshire landlord, an Iowa office cleaner and a New York caterer, highlight a less-obvious impact of Clinton’s inability to keep up with the staggering fundraising pace set by her opponent for the Democratic presidential nomination, Illinois Sen. Barack Obama....

Just like with other businesses, it’s common for campaigns to carry unpaid bills from month to month, but in Clinton’s case, it also could serve a strategic purpose. The New York senator’s presidential campaign ended February with $38 million in the bank, according to a report filed last week with the Federal Election Commission, but only $16 million of that can be spent on her battle with Obama.

The rest can be spent only in the general election, if she makes it that far, and must be returned if she doesn’t. If she had paid off the $8.7 million in unpaid bills she reported as debt and had not loaned her campaign $5 million, the cash she would have had available at the end of last month to spend on television ads and other upfront expenses would have been less than $2 million.

By contrast, if you subtract Obama’s $625,000 in debts and his general-election-only money from his total cash on hand at the end of last month, he’d still be left with $31 million....

http://dyn.politico.com/printstory.cfm?uuid=FC3AF1A8-3048-5C12-0058F674800E709F

is offering cash upfront for work, a small business is taking a high risk doing business with them.

here. Given the difficult economic times, we need someone in the White House who knows how to manage their money. A multi-millionaire deadbeat is not what we need.

about "possibly" garnishing my wages to may for my health insurance?
I'm sorry but I don't want her NEAR my paycheck!

They would have been better off doing events for people that will actually pay them instead of wasting their time on a deadbeat.

publicity.

:nopity: Sorry No Pity!!!!!! Her BIG donors can't help her out of this one because they are maxed out!

As Big Donors Max Out, Small Online Donors Vital to Presidential Campaigns

September 23rd, 2007

As part of an article on Democratic presidential fundraising and Barak Obama’s difficulty in turning money into poll numbers, Perry Bacon Jr. and Matthew Mosk note in today’s Post that Hillary Clinton in particular has a problem: 70% of her campaign’s donors have already given her the maximum $2300 they can contribute during the primary season. By comparison, fewer than half of Obama’s donors have maxed out, in part reflecting his campaign’s success at building a broad base of online supporters who are giving less individually but more in the aggregate.

http://www.epolitics.com/2007/09/23/as-big-donors-max-out-small-online-donors-vital-to-presidential-campaigns/

isn't that what's being described here?

Yet another way that Senator Clinton reminds me of a Republican.

if you go to the FEC website you will see that she has plenty of money. In fact money from March isn't even on there yet. I know because I contributed and it's not on there yet.

So you can stop your boo, hooing and spreading of rumors.

Here's the link <http://www.fec.gov/DisclosureSearch/mapApp.do>

I am a neutral poster of articles here, posting articles both positive and negative about both candidates, because I think it's valuable for both supporters and detractors of both candidates to know what's out there in the press. I almost always post articles without comment.

And, if you'll look down the list of posts in this forum, you'll see my posts, falling into those categories. If articles aren't equally divided between the two candidates any given day, that's a reflection of what I find in the press on that day.

That said, I am an Obama supporter, but admire and respect Clinton, and would happily vote for her if she's the nominee.

These stories of Clinton's money problems were beginning to circulate in local news media in Iowa over 2 months ago. Few people were paying attention or willing to admit the seriousness of the problem or making the connection of the unpaid bills to the management of the Clinton Campaign. The canary in the mine died in Iowa. It took America 2 months to look at the bottom of the cage.

read link to original posts:

http://journals.democraticunderground.com/mikekohr

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mike kohr