Huge holiday hit! Hillary Clinton takes $13.1-million campaign loss
Always good to get your Christmas bills out of the way before the holiday. Sen. Hillary Clinton, in preparation for her upcoming Senate confirmation hearings to become secretary o
f State for President-elect Barack Obama, is clearing up some lingering financial affairs left over from the hard-fought primary campaign against her new boss, and the new vice president-elect, and the new secretary of Commerce-designate.
She's just reported to the Federal Election Commission writing off the $13.1 million in campaign loans she gave herself so she could survive and continue to bash the Obama money machine last spring.
Clinton has said previously she would not recover that money. So the move is not unexpected. (It's also much smaller than the personal $40-million hit Republican Mitt Romney took for his losing primary effort.)
The about-to-be-former New York senator reported whittling down her remaining campaign debt to others another $1.1 million since November, to $6.3 million total left.
Of that, fully $5.3 million is owed to Mark Penn, her fired campaign strategist who came up with the losing strategy and may not get that money in his Christmas stocking.
-- Andrew Malcolm
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Photo credit: Elise Amendola
Andrew Malcolm's immigrant parents repeatedly stressed the importance of active participation in a democracy. Early lessons included learning the alphabetical list of states by watching televised roll calls of national political conventions. That childhood exposure led to a lifelong fascination with politics, including 40-plus years of covering them and a brief stint practicing them as press secretary to Laura Bush in 1999-2000. A veteran foreign and national correspondent, Malcolm served on the Times Editorial Board and was a Pulitzer finalist in 2004. He is the author of 10 nonfiction books and father of four.
Johanna Neuman is a veteran Washington correspondent for both The Los Angeles Times and USA Today, having covered presidents and politics as far back as Ronald Reagan. A former president of the White House Correspondents Assn., she authored a book on media and foreign policy, “Lights, Camera, Wars.” Most recently she was co-author of the 
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you—well, i—have to wonder just exactly how much money billary lost in the crash this year. and how much chelsea's clients lost. and just exactly what bam-o offered them in exchange for hillary putting bamo's choke chain around her own neck. with bill's eager, eager help. lieberman uber alles!
http://politiqs.tommyjonq.com
Posted by: tommy jonq | December 24, 2008 at 10:51 PM