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Meanwhile, The Fundamentals of Our Economy...
By David Knowles - Politics DailyStepping away from the debate for a moment, today we learned that employment in America declined for the ninth straight month. We lost 159,000 jobs in September, the biggest number in 5 years. And news has also come in today that California Governor Arnold Schwarzenegger has just written to Treasury Secretary Henry Paulson to say that his state may need an emergency loan of $7 billion from the federal government. Why? The credit noose. They can't get the usual short term loans to cover their expenses. With McCain's numbers tanking, and the campaign pulling out its troops from Michigan, it ...
Is Clinton Broke Again?
By David Knowles - Politics DailyThat's the news leaked by The Drudge Report, a suspect source if ever there was one, but now confirmed by the AP and Howard Wolfson. The details? Hillary Clinton has dipped into her personal fortune once again, loaning her campaign another $6.4 million last month, and that she'll be transferring even more funds from the joint bank account soon. The last time the alarm was sounded that hard financial times had befallen Clinton's campaign, donors opened their wallets big time, and came to her rescue. Since then, however, we've learned how much money the Clintons made since Bill left office, and, ...
Clinton Loans Her Campaign $5M
By David Knowles - Politics DailyAs I noted a couple of days ago, Hillary Clinton raised $13.5 million dollars in January. Barack Obama took in $32 million. Today, we have learned that to stay competitive on Super Tuesday, the Clintons personally loaned an additional $5 million to her campaign. With a net worth of upwards of $35 million, the former first-family may not be so pinched by the personal loan. Then again, Barack Obama is said to be on pace to raise another $30 million in February, and that estimate was calculated before his strong Super Tuesday showing. Since then, he has raised nearly $8 million. In case you're ...
McCain Needs a Loan
By Dave - Politics DailyThe Trail reports that the McCain campaign is apparently out of money and with the only path to victory via Iowa and New Hampshire, it's do or die time. He needs the money and apparently the only way to get it is through a loan of up to $3 million. Michael Shear points out that this is not unheard of and can even work, as in the case of John Kerry. ...
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