We know McCain is inept on the economy. But, how can Clinton solve the nation's economic woes when her own campaign is in debt and can't pay its bills? From the JedReport:
Politico's Ken Vogel has the details on Clinton's debt problems, saying that her campaign has earned "a reputation as something of a deadbeat in some small-business circles." And it's not just the embarrassment of being a deadbeat -- Clinton's money trouble is yet another indicator of a campaign struggling to survive.So, given the campaign's financial track record, this is the more likely 3 a.m. call, again, via Jed:
As we reported on March 21st, at the end of February, the Clinton campaign was in debt. The Politico article cited by Jed confirms that:
The New York senator’s presidential campaign ended February with $33 million in the bank, according to a report filed last week with the Federal Election Commission, but only $11 million of that can be spent on her battle with Obama.Obama has $32 million free and clear at the end of February. Imagine if the situation were reversed. Yeah, imagine that.
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, she would have been nearly $3 million in the red at the end of February.
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