February
7, 2008 Clinton Loaned $5
million of her Own Money to Campaign
Washington
Senator Hillary Clinton has loaned $5 million of her own money to
her presidential nomination campaign to keep up with her rival
Barack Obama, the Democratic contender has said.
"We had a great month fund-raising in January, broke all records,"
Clinton told reporters.
"But my opponent was able to raise more money. And we intended to be
competitive and we were."
Clinton, 60, and Obama, 46, came out of Super Tuesday's marathon
voting across 24 states about even in the scramble for delegates to
the national nominating convention in August in Denver, Colorado.
Clinton swept most of the larger states, including California, New
York, New Jersey and Massachusetts, while Obama pieced together
support in smaller states across the Midwest and in his homes state
Illinois.
"I'm on the path to winning the nomination. We're in this, as I said
at the very beginning, to win it," she said. "We are full speed
ahead."
Clinton dismissed the reported suggestion from a Democratic party
leader that she and Obama may work out an "accommodation" agreement
to avoid a protracted struggle for the nomination.
"I don't know anything about it," she said. "I am, you know, on the
path to win the nomination."
Both candidates sidestepped questions at a recent debate about
whether either would serve as the other's vice presidential
candidate.
At the end of 2007, Hillary Clinton had more money in her campaign
war chest than any other Democratic or Republican presidential
candidates, according to a recent federal election commission
report.
Clinton had $115.6 million, Obama had $102.2 million, top Republican
candidate Senator John McCain had $41 million and the lagging former
governor Mitt Romney had $88.5 million.
For the month of January, Obama raised $32 million - record total
for any one month. Clinton's January figures have not been released.
Cash plays a major role in any campaign for the presidency, but it
does not guarantee success, as McCain's small treasury indicates.
McCain emerged as the clear Republican frontrunner after Super
Tuesday despite his small funding.
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