Mantz is still Clinton's national finance director, a once-illustrious job that now carries the responsibility for a grab bag of thankless chores. He must help retire $25 million in campaign debt, and is piecing together a schedule of fundraising events -- no picnic in the best of times -- for a candidate who has lost but who needs new donors because so many of her earlier contributors gave the legal limit.
And he is in charge of persuading cranky Clinton donors, many of them still bitter about the way she lost, to open their checkbooks for Sen. Barack Obama, while he endures the doubts of Obama supporters suspicious of how much Clinton is doing for herself rather than for the presumptive Democratic nominee.
.......
Top Clinton supporters have formed new alliances to help the Obama campaign: The group Lawyers for Hillary, which raised $2 million for Clinton during the primaries and advised her campaign on legal issues, has recast itself as the Obama Lawyers Unity Fund, with nearly 75 members helping Obama raise money. (The group is working with, but distinct from, the Lawyers for Obama committee, which has been part of the Obama organization from the start).
On Wednesday night, two prominent Clinton supporters in Florida held a fundraiser for Obama featuring his wife, Michelle, that raised between $500,000 and $600,0000, aides said.
All together, Mantz said, Clinton has raised an unspecified but large amount -- "I would think it's several million already, and millions to go," he said -- and his counterpart, Obama finance director Julianna Smoot, agreed.
"She's been great," Smoot said in an interview, listing the joint events in which Clinton has participated.
An analysis by The Washington Post found that more than 2,200 Clinton donors became first-time Obama donors in June, giving him $1.8 million of the $52 million he raised last month. Of those, 355 contributed at least $2,000, for a total of $1 million. That leaves a long way to go for Clinton and her contributors to be considered a prime source of cash, but it represents what Obama advisers believe is the beginning of a real rapprochement.
Though a few election cycles have passed since former rivals had to help each other in this way, there are historical examples of the kind of partnership Clinton and Obama are trying to develop: Former president Jimmy Carter and Sen. Edward M. Kennedy helped each other retire debt after the 1980 presidential race, as did Sens. Gary Hart and Walter F. Mondale after the 1984 contest.
This year, the level of cooperation between the two campaigns' donors has varied, in part based on geography. In such places as New England, Georgia and Florida, top fundraisers for Clinton and Obama had relationships that predated the campaign, and they reported finding it relatively easy to unite after the primary race.
The Florida event with Michelle Obama on Wednesday night was an example of comity: held at the South Beach home of Abigail and F.J. Pollack -- who were once top-dollar bundlers for Clinton, with Abigail Pollack estimated to have raised more than $1 million for Clinton during the primaries -- the party pulled in more than Clinton herself did during her stops in New York earlier in the month.
Showing posts with label clinton debt. Show all posts
Showing posts with label clinton debt. Show all posts
Sunday, July 27, 2008
Hillary in a Pickle
She's helping Obama raise money and at the same time trying to pay off $25 million in debt. Maybe this is why she can't cut her PUMAs loose:
Thursday, May 08, 2008
Obama Should Have Enough Delegates by May 20
keep your eye on that date, coming around the corner.
david axelrod, obama's chief strategist, said that by may 20, they expect to have enough delegates. so i've answered my own question about why hillary is staying in -- cause it's almost over. she may as well go out on a high note and raise more money from her supporters so that she can pay off her debts. the next contests are may 13 west virginia (26 delegates) and may 20 is kentucky (47 delegates) and oregon (48 delegates). obama needs 169 more delegates, and should get roughly 60 from the next few contests, so they must be expecting more superdelegates.
good grief, more insight from politico:
the democratic national committee needs to show some leadership and step up real fast.
No Way, No How Can Hillary Win
It’s Still Over for Hillary
The Clintons’ Fraud Case
No Way, No How Can McCain Win
The Incredible Shrinking Republicans
How Hillary Exploited “White Working Class”
The Real Reason Hillary Stays In
Hillary Compensates for Her Femaleness
david axelrod, obama's chief strategist, said that by may 20, they expect to have enough delegates. so i've answered my own question about why hillary is staying in -- cause it's almost over. she may as well go out on a high note and raise more money from her supporters so that she can pay off her debts. the next contests are may 13 west virginia (26 delegates) and may 20 is kentucky (47 delegates) and oregon (48 delegates). obama needs 169 more delegates, and should get roughly 60 from the next few contests, so they must be expecting more superdelegates.
cnn: Obama's chief strategist, David Axelrod, said his candidate and Clinton will "probably end up roughly splitting the remaining delegates" in those races.upcoming primaries
"There's more superdelegates uncommitted right now than there are remaining pledged delegates," Axelrod said. "We feel by May 20, we will have secured a majority of the delegates. So I think we're in a very strong position here."
good grief, more insight from politico:
It’s a train wreck waiting to happen, with one candidate claiming to be the nominee while the other vigorously denies it, all predicated on an argument over what exactly constitutes the finish line of the primary race.
The Obama campaign agrees with the Democratic National Committee, which pegs a winning majority at 2,025 pledged delegates and superdelegates—a figure that excludes the penalized Florida and Michigan delegations. The Clinton campaign, on the other hand, insists the winner will need 2,209 to cinch the nomination—a tally that includes Florida and Michigan.
“We don’t accept 2,025. It is not the real number because that does not include Florida and Michigan,” said Howard Wolfson, one of Clinton’s two chief strategists. “It’s a phony number.”
Wolfson said they intend to contest the DNC’s 2,025 number “every day,” as well as any declaration of victory made by Obama based upon that number, because it does not include Florida and Michigan.
In January, Clinton won both states by wide margins when Obama did not actively contest them. The two states were stripped of their delegates for holding early primaries not sanctioned by the Democratic National Committee.
Obama will not reach the 2,025 magic number on May 20. Rather, on that date he is all but certain to hit a different threshold—1,627 pledged delegates, which would constitute a winning majority among the 3,253 total pledged delegates if Florida and Michigan are not included.
“On May 20 we’re going to declare victory,” said an Obama senior advisor who asked that his name be withheld to speak candidly, adding that after those contests they will be “the ones with the most pledged delegates and the most popular votes.”
While the nature of that declaration of victory is “still developing,” in the advisor’s words, the Obama campaign contends that the winner of a majority of pledged delegates should be the party nominee.
“Senator Obama, our campaign and our supporters believe pledged delegates is the most legitimate metric for determining how this race has unfolded,” wrote Obama campaign manager David Plouffe Wednesday in a memo to superdelegates. “It is simply the ratification of the DNC rules - your rules - which we built this campaign and our strategy around.”
But the Clinton campaign’s insistence on counting Florida and Michigan would alter not only the overall delegate math, but the pledged delegate math as well. Because if the two states are included in the count, the total number of pledged delegates would rise from 3,253 to 3,566—which means the magic number for a majority rises to 1,784, not 1,627 as the Obama campaign asserts.
the democratic national committee needs to show some leadership and step up real fast.
No Way, No How Can Hillary Win
It’s Still Over for Hillary
The Clintons’ Fraud Case
No Way, No How Can McCain Win
The Incredible Shrinking Republicans
How Hillary Exploited “White Working Class”
The Real Reason Hillary Stays In
Hillary Compensates for Her Femaleness
Monday, April 14, 2008
Clinton Indebted to Former Strategist Penn?
does clinton owe mark penn, her former (or maybe not) strategist, big money:
rcp: Beyond loyalty, Penn is welded to the 2008 Clinton campaign by financial ties. A source who has had close connections with Penn got word to me that he believes the Clinton campaign is $10 million in debt to Penn, Schoen & Berland, which is owned by Burson-Marsteller. The campaign's March report to the Federal Election Commission recorded indebtedness to the company of nearly $2.5 million (with its expenses for the month listed at $3.1 million).more:
My sources suggest that Clinton's full indebtedness may be revealed only gradually. This money link helps explain why Penn is still around after organized labor demanded his scalp last summer and he is blamed inside the campaign for failing to perceive the public's demand for "change."
Immediately after Mark Penn resigned as Hillary Clinton's chief strategist a week ago, he was on the phone with at least two prominent Democrats to assure them that nothing had changed. He said that -- though lacking a title now -- he still was polling and crafting her message, adding that he had just participated in a top-level conference call. De facto retention of Penn signified a desire to defeat Barack Obama at any cost.
One day later, word was spread in Democratic circles that Geoff Garin, hired as a pollster by Sen. Clinton last month, had supplanted Penn as chief strategist. An experienced political practitioner renowned for ethical standards more than imagination or daring, Garin in charge reassured the party faithful. It was interpreted as ruling out an eleventh-hour assault on Obama that would have less chance of nominating Clinton than wrecking the party.
Is Penn deceiving friends about his real status just to save face? Or is Garin merely a figurehead to take the heat off Clinton while she still relies on the contentious Penn?
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