Monday, March 31, 2008

Financial Woes for Hillary

The self-acclaimed "Steward of the Economy" has passed no such test. In fact, Hillary has demonstrated she lacks the ability to manage the micro-economy that is her own 2008 campaign. Politico's Kenneth Vogel has the details on the growing heap of Clinton IOUs.

Ever since the beginning of February, the Clinton campaign has acknowledge the dominant prowess of the Obama fund-raising machine. However, in a desperate attempt to compete financially, the Clinton camp has amassed an aggregate debt exceeding $8.7 million.

Two different Ohio production companies contracted by the Clinton camp "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." The Clinton camp owes the two companies a combined total of $25,000.

Among the most ironic of the debts are the unpaid bills for health insurance. Despite making health care the focal point of her campaign, Sen. Clinton reported $292,000 in unpaid health insurance premiums for her campaign staff.

Spokesperson for the Clinton campaign, Jay Carson assured reporters that all Clinton staffers, their children, and spouses continue to receive coverage despite the unpaid bills. However, some of the unpaid health insurance bills (such as the $213,000 owed to Aetna Healthcare) are two months outstanding.

3 comments:

Unknown said...

how irresponsible...but then again, many of us in this country are suffering from financial woes...in that regard, maybe it would be beneficial to have a leader in the same, or somewhat similar, financial slump so she or he could think of a real solution for our national financial problem(s).

Unknown said...

Outrageous. It will be a travesty if this isn't picked up by the mainstream press.

Hillary touted her hands-on management style. Sounds like her campaign management isn't very effective. So how is she going to run a huge government if she can't manage a little campaign organization??

Anonymous said...

Unbelievable. Clinton's got the money. Tthis is just a ploy to avoid another negative news cycle that would be generated by another loan to her campaign. Interesting though that her campaign would choose to 'screw the little guy' - - sounds like quite the conflict.