Howard Wolfson: "...“We will be honoring our debts in the coming months.”..."

[SoCalDem]

http://www.nytimes.com/2008/04/22/us/politics/22donate.html?ref=politics

That must be a great comfort to all the small busineses who extended credit to the campaign :eyes:

By LESLIE WAYNE
Published: April 22, 2008

Even though Senator Hillary Rodham Clinton raised $21 million in March, her campaign continues to struggle with a cash squeeze as her unpaid bills mount and she spends more money than she is taking in, according to new campaign finance filings.

Mrs. Clinton, of New York, currently has $10.3 million in outstanding primary debts but only $9.5 million available to cover them, leaving an $800,000 shortfall at the end of March. In February, the Clinton campaign had unpaid bills of $8.7 million and $11.7 million in cash.

By comparison, Senator Barack Obama of Illinois, who raised $42 million in March, had $43 million in cash for the coming primaries and a campaign debt of less than $660,000 at the end of March. Mr. Obama is spending 75 cents for every dollar he is taking in; Mrs. Clinton is spending $1.10.

In a conference call with reporters on Monday, the Clinton campaign sought to quell any concerns about finances. Howard Wolfson, a campaign spokesman, said, “This campaign has resources,” and added, “We will be honoring our debts in the coming months.”


snip....

[mcctatas]

1. My 12 year old daughter heard me tell someone on the phone

that Hillary's campaign is in debt, and when I hung up she said "Jeez mom, even you can balance a checkbook, I hope hillary doesn't win or we're screwed"...
after I chastised her for her potty mouth, I gave her a big hug and told her that maybe when she grows up she can be the first woman president:)

[Lucky 13]

43. Adorable.

Kids have this incredible way of cutting through the bullshit (excuse my potty mouth) and will say the truth even if its offensive or uncomfortable.

Your kid sounds adorable and SMART. I'd be proud.


Stupid pointless off-topic story time:
When I was 4, my father took me to a McDonalds in inner city DC after a 'Skins game. We were on the way home to our lily white suburb in Virginia. We were in a longish line at the register when I shouted to him and the entire restaurant, "DADDY! HOW COME EVERYBODY IN HERE IS BLACK?!" I remember the people around us laughed. My dad, however, did not see the humor in it.

[SoCalDem]

44. When we first moved to CA, we had a VCR that broke..I found a Hitachi office not far away

so I piled the kids in the car and hit the freeway.. This was way before most people had even heard of VCRs, so getting them fixed was no small ordeal, and ours was under warrant, so I though the west coast HQ was the place to go..

We foound the place, and they actually gave us a new one, so off we went to find a place for lunch..

We found a mcdonalds (I know..but my boys were small, and that's where they wanted to go).

When dad got home they had to tell him about our adventure..
"Mom took us to a McDonalds at a JAIL.. (it had bars on the windows)"

My husband looked at me and said "what the hell?.. where did you GO today"..

I had taken my boys to lunch in Compton, CA..

:rofl:

[zulchzulu]

2. Fucking freeloading classless asshats...

Imagine getting the sales pitch to do stuff for these asshats where they needed it yesterday. As a vendor, you jump through hoops and go the extra mile to get an event set up. You lose money giving them a break.

And then they jack up up the ass by not paying the bill. Yeah, they're busy. Yeah, they can't pay. Sure, your banker won't mind you being in the hole. Sure, your credit card company won't mind you being late.

Just say you did some shit for Hill and Bill. They'll understand.

:crazy:

[cliffordu]

22. Don't hold back, tell us how you really feel......

:rofl: :rofl: :rofl: :rofl:

[DerekJ]

3. "Honor" is something he severely lacks.

[DesEtoiles]

4. .

[AlCzervik]

5. They can't even pay their expenses and they think they can actually run the country?

fail.

Maybe i'll run that line by my bank next month when my mortgage payment is due "I'll be honoring my debts in the coming months, ok?"

[EFerrari]

9. I'm going to run that by PG&E in the morning!

lol

[RamboLiberal]

6. If I was the Obama campaign ad I'd be gathering a bunch

of unpaid small businesses and putting an ad together asking if Hillary can't balance a budget to pay them how is she going to balance the government budget?

[gateley]

20. Great for a 527! nt

[Andy823]

45. Good idea!

I wonder what will happen when people start to demand cash in advance from her? What will she do then?

I wonder how long they can go without paying their bills before the "Hillary" supporters start to see the light and stop sending in their hard earned money? Or will the big money backers cut their loses and stop dumping money into a sinking ship?

[ORDem]

7. "honoring"? As in, we'll be putting a wreath on their graves? nt

[TahitiNut]

13. Yup. Tomb of the Unknown Bill Collector.

She'd enjoy that. :puke:

[Gore1FL]

8. I am not sure Wolfson...

...saying it is inevitable that they pay their bills is exactly what I'd want to hear if I was one of those owed money.

[billyoc]

10. "I will gladly pay you Tuesday for a hamburger today."

:rofl:

[grantcart]

12. priceless lol

[eridani]

24. I can has cheezburger nstead?

kthxbai.

[4themind]

11. Pay your bills billary!

Ok sorry, That was naughty I know :evilgrin:

[emilyg]

17. Not naughty at all - just stupid.

Learn to spell.

[SunsetDreams]

14. pathetic, and she claims to be for the working class

My ambition is more important than the people who need to be paid.

[CreekDog]

15. all debts shall be honored

at 1/20th cent. :think:

[johnnydrama]

16. haha

$1500 owed to Joe Wilson.

[Danger Mouse]

18. baghdad bob strikes again...

[apocalypsehow]

19. Her campaign is bankrupt in nearly every sense of the word.

:thumbsdown:

[mrJJ]

21. Vendors will get stuck

The vendors who did work for the Clinton campaign will be left holding the bag

Bill Clinton's old campaign still owes -$319,630 !!!

http://herndon1.sdrdc.com/cgi-bin/cancomsrs/?_08+P20000642

Sen Hillary Clinton:

The campaign's biggest debt remains to be the $5,000,000 loaned to the campaign by Senator Clinton

The campaign, to date, owes Senator Clinton $10,879.89 in interest on the $5,000,000 loan (at a rate of 1.26%)

The Campaign's second largest debt is to Penn, Schoen & Berland Assoc. LLC
Amount: $4,577,820.61

Harold Ickes firm, Catalist, LLC, is owed $240,000. The firm provided no billable services nor did it receive payments during the month of March 08.

Top to-date Press Reimbursement comes from CBS News for a total of $112,016.27 on behalf of Fernando Suarez. Fox News' Aaron Burns is second with $107,173.41 and ABC's Eloise Harper is third with $98,948.05

Total Salaries paid: $1,589,226

Patricia Solis Doyle got paid $11,687 in March 08

Total Employee Benefits paid: $489,980.64
(Paid to Aetna Healthcare, and CareFirst BlueCross BlueShield)

$138,182 in advertising with Google. $2054 with Microsoft!

Phone Banking: $1,921,124
Mail Expense: $1,588,837
Polling: $1,348,000
Media: $885,434

New York Post subscription: $40.8
New York Times subscription: $25.6

Travel: $5,102,905

Debt too vendors
http://query.nictusa.com/pres/2008/M3/C00431569/D_DEBTS_C00431569.html

thanks to lizardbox for the preliminary breakdown

[SoCalDem]

23. The largest debt is $4.5 million, owed to the polling firm of Mark Penn

..., who resigned under pressure as her chief strategist this month over conflicts with his other business clients. Mr. Penn’s firm had already been paid $14 million, according to federal filings, making it one of the campaign’s biggest expenses.

[cliffordu]

27. So where is the category for the duMP'ers who frequent

our fine boards and stench up the place with the flamebait?????? Do they get paid out of "Polling" or "Phone Banking??"


PS - I hope everyone got paid before today.....tomorrow the goalposts will leave town again, like the rides at a really cheap carnival, stowed away in the dark of night and out of town, a trail of diesel and cheap theatrics left in it's wake......

[SoCalDem]

28. and assorted nuts & bolts from the rides..

here's hoping the people at the next venue, don't ride the ones missing the bolts :rofl:

[cliffordu]

29. No shit!!!

:rofl:

[GoesTo11]

35. Bet at least $9,577,820.61 of that debt will be honored

$5,000,000.00 for Clintons
$4,577,820.61 for Penn

[TLM]

25. And in the mean time those small businesses we stiffed can roll up their sleeves...

and be optimistic that payment is right around the corner.

[cottonseed]

26. Would be funny if the campaign filed for Chapter 11

[Diane R]

30. Oh sure. We want HER in charge of our economy? Yikes.

[barack the house]

31. Genuine elitists don't pay what what . Ooo her campaign so sucks.

[slinkerwink]

32. so that means they'll continue to stiff small vendors for major ad buys

[barack the house]

33. Why months orindary folk are not allowed to wait. strewth.

[barack the house]

34. So we can look forward to over spending, a war with Iran and right wing justices, great.

Now spending it ok just as long as the books balanc.

[ScarletSniper]

36. They will get paid when Obama bails her out..and she goes on the road to campaign for him...

[SoCalDem]

41. Here's hoping he doesn't bail her out until AFTER he's elected

:)

[mamalone]

37. As a single mom who's living week to week...

This whole Hillary not paying her bills on time *really* REALLY bothers me! I do sewing on the side to try and make the ends meet and if someone doesn't pay me, or even if they delay paying me, it can end up as a real financial crisis... I'm talking late mortgage payment or feeding the kids pasta for several days in a row. It hurts! I'm sure some of the folks that she owes money are in similar straits...

C'mon Hill... do the right thing!

[City Lights]

38. The last thing we need is another president who spends money like a

drunken sailor on leave.

If they continue to spend more than they take in, how will they ever "honor" their debts?

[mwb970]

39. Is it just me, or does Wolfson look like a bum?

Or some kind of petty thief maybe. I noticed it when he first started showing up on the tube. Since then he has trimmed his face feathers a bit and now looks a little less like a guy who would hold up a pawnshop. A little.

[Zachstar]

40. Like the ones that about to take Clinton Campaign to collections?

And I can say with almost 90 percent certainty that the coming months part is bullcrap. Most campaigns take years to pay back their debts. With some taking decades with very few getting into 10 million in debt territory.

[SoCalDem]

42. and they always use the part about how HONORED the merchants should be

that they chose their business..it's free advertising:puke:

Like an independent flower shop in Iowa NEEDS to spend several thousands of dollars on advertising in their home town, where they may be the ONLY florist..It;s just a "screw-you very much for the free flowers..they were very pretty"