Why does Hillary say she "loaned" her campain $5M? Can she get that money back?

[flamingpie2500]

Thanks in advance.

[blogslut]

1. She has to pay it back

As per campaign finance law

[flamingpie2500]

2. She has to pay it back? She loaned it.

[mohc]

4. He meant

The campaign has to pay it back. Their are basically two entities here, Hillary Clinton and Hillary Clinton for President. Hillary Clinton loaned Hillary Clinton for President $5 million. Hillary Clinton for President will have to pay Hillary Clinton back.

[dmallind]

5. Her campaign has to pay it back to her personal funds. NT

lklj

[K Gardner]

6. The campaign has to pay her back, I think is what the poster meant

I don't understand why she called it a loan either

[Uben]

3. Then why?

How is Romney using his own money?

[K Gardner]

8. You got me.. good question. And remember that when people talk of a Bloomberg

run, they talk about him self-financing. So why can't Hillary? Maybe she wants it both ways, I don't know.

[flamingpie2500]

9. Well when I hear about Romney they say he has "given" it to his campaign

Am I wrong about this?

[K Gardner]

11. So, by the same token, couldn't Hillary just GIVE the $$ to her own campaign? That would prevent all

the donations coming in now from just going back into her pocket. Where does the payback eventually come from if she spends all she is raising?

[flamingpie2500]

14. From what I am reading it was a feel sorry for me ploy. Now she raises $6M in a day and gets her

refund. What a crock.

[K Gardner]

16. There's sure a lot of that "pity me" ploy going around. Ironic, since we're not supposed to

treat her any differently.

[LiberalFighter]

19. Who says it is a refund? Just because she raised $6m doesn't mean

that she won't need it now or later.

[crikkett]

21. Perhaps she can't raise more money until after the primaries and

she fully expects to pay herself back when the new donations can come in?


ON EDIT - reply #7 shows she raised $3Mil in the last few days so my first guess was obviously wrong...

[Hugabear]

10. Is Romney using federal funds?

That might make a difference. I don't know if he is or not, but sometimes you'll see ultra-rich candidates shun federal money and use their own.

[flamingpie2500]

12. Romney is using a LOT of his own money--he refused to answer that question during the debate..

[Hugabear]

17. Seems that would be easy enough to find out

If he is using federal funds, there should be a way to find out.

[KharmaTrain]

15. He's Spending His Kids Inheritence

He's self-financing...with a fortune over 250 million...and so far he's thrown in at least 30 mil of his own.

Senator Clinton doesn't have that kind of money to throw around...few do. McCain also took out a loan, including a funky life insurance deal to keep his campaign afloat.

[marshall]

13. She elected to make it a loan

She could use her personal fortune (like Romney), but she called this a loan in order to gin up support. The money was made back in less than a day from online donations thanks to the publicity, and now she still has her original five million in case she needs it.

[EffieBlack]

18. Or maybe because $5 million is a much larger share of her assets

than Romney's campaign money is of his.

Everything a candidate does (even one you don't happen to support) is not necessarily done with evil or ulterior motives.

[Coexist]

7. Yes, her campaign has to pay her back.

It was not a donation.

BREAKING.....

IN LESS THAN 24 HOURS...

Clinton had a MASSIVE day of online fundraising blowing past the $3 million dollar - 3 day goal.

There's an email appeal going out tomorrow for $6 million in 72 hours.

THOUSANDS of NEW donors flooding in.

Clinton keeping pace with Obama and MoveOn.

Hillary's loan to be paid back by supporters in 48 hours after Super Tuesday
http://www.taylormarsh.com/


So - this money will pay her back, not add to her primary cash pool.

[JustABozoOnThisBus]

20. It's a loan. The campaign will pay her back

as donations come in.

I hope her campaign negotiated a low interest rate, otherwise it might have to pay back 6 or 7 million.

[TexasObserver]

22. She wants to repay herself as soon as she can get 50,000 supporters

to each send her another $100 from their Social Security or pay checks. Because she only has $30 million in cash that is her personal money remaining in the bank. Why? Because Hillary CARES about her struggling supporters. Not as much as she cares about her designer clothes, but really, she CARES.

She could call it a contribution, but use her own money?!

[Andy823]

23. Good one!

Yeah, all that talk about her being the "grassroots" candidate, and the candidate of the "poor" was just a ploy to get more money, it was a cheap tactic, and made her go down even further on my list of reasons not to vote for her!

[TexasObserver]

26. She has the most ignorant voters because everyone else has wised up

Most voters are on to her. She's no liberal. She's not progressive. She's not a leader. She's never had an original idea or thought in her life. She's an overachiever who works hard but has situational ethics and few principles.

I cannot believe she has suckered poor and middle income voters into helping pay her way. Her fat cat lobbyists, insurance companies, and defense industry money backers I do undertand. Why anyone with a job would send her money is a good question.

[hertopos]

24. If not a loan, it will become tax liability...

I don't know exact detail but the bottom line is that Hillary as a person and her campain are two different entity. If she just donate money,there will be huge issues both tax and leagality.

Technically, the campaing has to return the money to her but if things go sour, I don't think she will get her money back.

Look, I am very worried about Obama supporters because they know absolutely nothing about Economy.

And as a Hillary supporter, now I am really afraid of Obama becoming a candidate. Like it or not Greenspand did a good job. He went through many downturns and made U.S. and world econmy to stay thriving.
Benanki is not doing good job at all. I think Obama can be next Hoover!!

Hertopos

[KittyWampus]

25. Because she wants her supporters to pay her back that money. She obviously doesn't want to put her $

where her mouth is in a real substantive way.

[Casimir Nystrand]

27. Hillary using Gen Election donations by "loaning" herself money

Hillary Clinton has raised over $20 Millions earmarked for the Gen election and thus can't be used to run against Barrack Obama. So she loans herself money that can be used running against Obama and if she doesn't get the nomination, she will ask herself for the money back with interest. She has NO obligations to repay the original donors. So it is a trick to be able to use the donated $20 Millions not for its original intent, but instead used to get the nomination. I'm sure the original donors aren't to happy about that. These Bubba Bucks will come back to haunt her, IMHO.