How far off is self-funding for Clinton? Are they already there?

by: Tim Tagaris

Wed Feb 06, 2008 at 05:50


As I watched Hillary's speech last night, there was one piece that stuck out in my head for the rest of the evening.

Her website.

It wasn't the first time I had heard her drop the URL on a national stage in the past week.  In fact, it was the third.  She did it at the debate, it was all over the Hallmark channel town hall, and then last night on national television.  Indeed, I believe it was the only word on the placard in front of the podium last night.  

Let me say this slowly, again, w - w- w- dot - hillary clinton - dot - com.

This is different from her campaign -- not something I've heard or recognized in the past.

As an internet director, there is one reason candidates drop the URL on television, and it's not because they care if people navigate through the tubes to learn more about your positions on the issues.

It's money.  And sign-ups, which equal money.

Tim Tagaris :: How far off is self-funding for Clinton? Are they already there?
Believe me, getting a candidate to drop the URL is difficult thing to do.  They hate it, they feel stupid doing it, and they think it's demeans the campaign.  This has been my near universal experience with any candidate I've worked for.

So after hearing it again, I started doing the math ...  32 > 12 in January.  Massive spending in Iowa, NH, and a yesterday's national primary.  How much money can she possibly have left over?  My guess is not much.

I was set to wake up and write this piece this morning, and you can imagine my shock when I stumbled upon this note in "The Politico" today.

[Mark Halperin] asked this morning whether the Clintons are funding their own campaign.

Clinton aide Howard Wolfson on the morning's conference call said he doesn't know, but he'd ask.

I find it hard to believe he doesn't know ... terribly terribly terribly hard to believe.  That should have been a straight up, "NO"

It's pretty clear at this point Clinton's team doesn't have the kind of internet operation that can fund her effort down-the-stretch.  For whatever reason, they haven't cultivated the kind of list that gives -- despite the fact I've heard many a rumor her list is as big, or even bigger! than Obama's.  

My personal feeling is that's got a lot to do with the message coming from her shop online, which is probably no fault of Peter or Jesse.  There's only so many times that you can raffle off access to the former President, or a debate. You might get a lot of sign-ups from a Soprano's video, or Bill Clinton eating a cheeseburger, but those aren't necessarily donors -- like when people signed up at Dodd's website during the FISA fight because of his LEADERSHIP.

Her big donors are maxed out.

How much further can self-funding be, if we're not already there?

Unfortunately, absent an admission, we won't find out for sure until the last day of February, when the next reporting numbers are due.


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March? (0.00 / 0)
Aren't the next reporting numbers due at the end of March? The only reason we heard anything about January is because the Obama campaign dropped his fundraising numbers. I would guess that he will drop his fundraising numbers in the next couple days to put more pressure on her. I agree that Wolfson's answer isn't good.

debates = free media (4.00 / 3)
who is calling for a debate a week??

who is resisting?

http://www.politico.com/blogs/...


Ouch (0.00 / 0)
First Tim congrats on calling California before everyone else, or at least pooh-poohing the attempt to pretend Obama would win there too. ( Oh and how silly is it to pretend that because Obama didnt win everything its a draw on the night)

Funders don't listen to spin
so they have to know it's over for HRC, they aren't going to be throwing millions at HRC after she lost super-tuesday. The most states, the most delegates to Obama, that is a victory, Obama's funders are happy and excited, Hill's not so much.
Obama raised 32 million in January, HRC's team says thy raised 13 million in January, it can't be getting better now that she lost supertues.

HRC would need to saturate the airwaves in half the country to climb back, for example, I just saw a new poll for the state of Washington with Obama in a double digit lead.

How much have they got for a self funded campaign? I have know idea what the Clinton's personal wealth is, but can they spare 30 to 50 million? And does that take them to the convention?

Change
"We must break up the banks and never again let them get so big that they distort our politics and take down the economy.


Also the push for debates (0.00 / 0)
Clinton is trying to live off of free media, because going into this weekend and ahead to march, their finances don't look so good.

Obama supporters thank Mark Penn (4.00 / 3)
Clintons campaign has paid Mark Penn 4.3 mill vs Obamas campaign paying David Axelrod $1 mill. according to Sam Stein.

Keep it up Mark!

What has John McCain done for veterans?


damn... (0.00 / 0)
both of those numbers are completely absurd

[ Parent ]
What are the Clintons worth? (4.00 / 1)
I expect they're millionaires, but are they really wealthy enough to self-fund a presidential campaign for 2+ months?  What are we talking here, $20M at least to stay competitive.

If this turns out to be true, it will really hurt her.  Democratic politics requires at least the perception of widespread grassroots support.  Even in the Republicans Romney was hurt by being seen as the wealthy guy buying his way to the White House, it will hurt doubly so for a Democrat.


Yes. (4.00 / 1)
WaPo reported that he has made $40M in corporate and foreign speeches over the past six years -- usually at $150K-$300K each.

Here's their two most recent financial disclosures:
1, 2


[ Parent ]
Wonder if the Clinton's can keep a big loan quiet (4.00 / 1)
I know Bill has done great with his recent books and stuff but I can't imagine that they are worth the 10's of millions that others can lay claim too.  Especially if Obama is pulling in $1million +/day.  That's a huge double down bet that the Clinton's will have to make.  But there are very smart campaigner's, they won the primary and then the general with big cash disadvantages in 1992.  They were very strategic in their spending but Obama has a big edge here.  
McCain renigging on his public finance pledge will also make things interesting since I'm sure he'll start shaking down the big GOP donor's with a Hillary or Obama or else threat.  I'm sure both Hillary and Obama want to keep some kind of financial edge through the convention and beyond if necessary.  
The Feb 20th reports will tell alot.  Romney needed to figure out how to neuter Huckabee without pissing off his voters.  Romney could have probably eeked out victories in all of those southern states especially when McCain financial woes were disclosed.  Romeny spending has been strategically the worst(next to Guiliani) of all the candidates.  One great thing about Guiliani was that he sucked $62million out of the pockets of GOP donors that McCain will never be able to lay claim too.  I wonder how many Guiliani donors that gave $2300 are willing to drop another $2300 on McCain?

this leads to another question, (0.00 / 0)
Is Bill willing to spend all of his money on a losing cause?  

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