Clinton to forfeit $13 mil loan, unless…

[CountAllVotes]

Bill and Hillary Rodham Clinton, who once deducted $6 on their taxes for donating three pairs of his underwear, plan to take a $13-million hit to their personal bank account by forfeiting loans she made to her failed presidential campaign.

The campaign will allow to expire a mid-September deadline for paying them back, sources close to the campaign told Politico, at which point they will automatically be recategorized as contributions, confirming a decision by Clinton to forego repayment that many had expected her to make.

However, Clinton could get some post-deadline wiggle room to repay herself — and possibly with less of a public backlash — if Sen. Frank Lautenberg (D-N.J.) prevails in a little-noticed challenge to a rule requiring candidates to pay back loans of more than $250,000 within 20 days of the election.

For the Clinton campaign, the 20-day loan-repayment clock will start ticking when her vanquisher Barack Obama officially ends the Democratic primary by accepting the party’s presidential nomination Aug. 28 at Invesco Field in Denver.

Clinton’s campaign declined to comment for this story.

http://news.yahoo.com/s/politico/20080810/pl_politico/12429

I wonder how much of this lack of support towards Obama is really about the $13,000,000.00 the Clintons are in the hole for a failed campaign?

I guess they'll need to write off a few million pairs of underwear on their next tax return perhaps. :evilgrin:

[blm]

1. Dubai royals paid Bill 2- million for helping them out - Clintons won't be hurting financially, but

Americans who have been watching Dubai and Saudi royals lead our Republican and Dem powerbrokers around by the nose for decades will continue to lose our country to their interests.

[snooper2]

2. new or stained?

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



GOBAMA!

[Marrah_G]

3. Her "vanquisher"? That's some journalism ....

:eyes:

There is no lack of support towards Obama.

She is owning her debt. Why the snarkiness?

[npincus]

10. did he loot and pillage her as well?

:rofl:

[WeDidIt]

4. The Clinton's put $13 million on Hillary to win

She showed.

Oops.

[Renew Deal]

11. And they did it with her 10 lengths back on the final turn.

Not too smart

[Liberal_Stalwart71]

5. Her "18 million" voters now only have to donate about 75 cents each.

Her debt would be retired. Where are they? Why aren't they donating?

[CountAllVotes]

12. they are busy collecting old underwear

to donate. Worked in the past; will work again! :D

[Mme. Defarge]

27. Ouch! n/t

[musicblind]

38. I donated

twice.

but I'm just a poor college student at this point so I can't do much more than that.

[bunnies]

6. Meanwhile, some people cant afford food.

I guess they'll just have to eek by on the 90 or so million they have left.

Actually.... how many speeches has Bill given since the primary ended? I'd guess they're pretty close to having made the money back already.

Rich people being only slightly less rich is the least of my worries.

[Skidmore]

7. Maybe she can auction some of his underwear on eBay.

:)

Seriously, they rolled the dice and lost.

[CountAllVotes]

9. Frankly ...

I could not imagine writing off $6.00 on a tax return for underwear donated! How tacky at best! :rofl:

[polichick]

17. That really is strange - not to mention icky!

[Marrah_G]

24. I believe it has to be unused

Alot of people write off the clothes they donate.

It's not tacky or illegal. It helps others and has a tax benefit.

[briv1016]

8. I wouldn't be surprised if that number went up a million or two in the next few FEC reports.

Is there a deadline for paying-off campaign debt? (non-loans)

[my3boyz]

13. I have no sympathy for her at all. She continued on when

she knew she had no chance to get the nomination. So she continued to bash the person she knew would be our nominee.

[Liberal_Stalwart71]

14. And now the audacity. She and her are demanding that HE pay off HER debt

that SHE incurred running a nasty campaign against HIM?!?!? Come again?! The nerve of her and her supporters.

[truebrit71]

18. No kidding...that's the part that rubs me the wrong way most of all...

...she throws the kitchen sink at him with one of the dirtiest, nastiest primary campaigns ever...stays well past her 'sell by' date, ignores the inevitable coming loss and racks up huge mountains of debt whilst helping (inadvertently or not) to write at least one of Crash McCain's ads and then she gets huffy because the winner won't cover her losses? File that under WTF??

I would like to see where else in the real world Mrs Clinton thinks that works...because the next time I'm in a poker tournament and I go all in, if I lose I will expect the winner to give me my money back...

Time to get real Hill....you lost, you get to pay for it..

[Liberal_Stalwart71]

22. ...and Obama's the elistist? The pompous, arrogant elitist?!?!? REALLY?!??

[Marrah_G]

26. She is forfeiting the loan- the primaries are OVER.

[Whisp]

36. that so reminds me of old ladies and 'women's perogatives'

where women have a right to do things like being late for a wedding, etc., but hell hath fury if a man does that and lets the bride wait. Keeping a man waiting on a date, etc. PICKING UP THE TAB!

A lot of Hillary's campaigning reminded me of these old ways methods -
the whaaaaaa, I can slug You, but dont' you dare hit me cuz I'm a girl! Her supporters called her 'my girl' with no repercussions but if she had been called that by the Walmart board men or by the Obama campaign, she would have done her sucking chestwound mimic of pain and hurt.

she used her personal tradegy to use for sympathy - can you Imagine if this were a male nominee and he made jokes about his wife, that he still lives with, cheating on him in the past? wtf?

lots of these kinds of thing throughout her campaign - but then some claim she lost because of sexism! no doubt there had to be some involved in the primaries as there is some involved in every facet of life - but she blatantly 'used' her sex to get certain messages across. It was kind of like a dare - hey, I can do this shit and get away with it, but don't you dare, I'll call you on it.

she's no feminist. she's an opportunist

[Marrah_G]

25. You mean the loan that she is now forfeiting and paying for herself?

The fucking primaries are over. Stop this shit.

[truebrit71]

29. It'll stop just as soon as the former candidate and her husband fully and unequivocally...

...endorse Obama...Until that time suspicions and bad blood will continue to exist...

[Marrah_G]

30. They already HAVE.

The suspicions and bad blood are in your mind and a few others here who refuse to see that the primary is over, your guy won ad you can stop fucking fighting now.

[JuniperLea]

41. Shows you who the lemmings are here...

The Hillary Hate Kool Aid must have been very strong... I'm pretty tired of seeing it regurgitated around here... there really is no point to it at all.

[StevieM]

33. self-delete (eom)

[Liberal_Stalwart71]

35. I'll stop when she, her husband, and their supporters stop threatening and bashing

the *RIGHTFUL* nominee. When all the talk about him paying off her debt and her being the VP, yadda, yadda, has ceased...THEN I'll stop. But the more she and her supporters continue on with their veiled threats and pettiness, we can never get to unity. You need to tell HER and her husband and their supporters to "stop this shit!"

[Marrah_G]

37. FFS- She and Bill ARE supporting Obama except in your deluded mind.

Off you go to ignore land with the rest of the assholes who are more interested in fighting the primaries then actually backing Obama.

Buh-bye

[hisownpetard]

34. Perfectly put. That's it, in a nutshell.

[StevieM]

32. Nope. That argument is based soley on the argument that the PD winner had to be the nominee

And the rules contradict that argument. Hillary could have won the nomination, and historically, races a lot less close went all the way to the convention. Besides, without SDs we would have totally different rules for electing PDs.

Steve

[elehhhhna]

15. BC can dip into his offshore holdings. Wahhhhhhhh.

[qwlauren35]

16. I plan to donate...

after the Convention. And hope that some others will do the same. Now isn't the time, but after the Convention, I'm willing to give "a few dollars" to Hillary. I especially hope that her supporters, will do the same. She ran a race that *I* look at as a good thing, because it ensured that every single state in America participated. It truly rev'ed up our party, and if the healing can occur in Denver, then I think we can crush the opposition.

For the positive impact of her tenacity that I think will benefit the party in November, I'm willing to give her a few dollars.

However, I also hope that more of her supporters will donate as well. $1 from each of them would end this debt immediately. I don't quite understand why it hasn't happened yet.

[CakeGrrl]

19. "18 Million" - where are they?

That seems to be a popular recurring theme when HRC is discussed - courtesy of HRC herself - so why isn't that the answer to her debt problems?

It would only take a fraction of that magical number contributing $1 or $2 each to wipe this out. Just sayin'.

[musicblind]

39. I don't know where the rest are

I donated twice :shrug:

[TexasObserver]

20. The Clintons will eat the loans they made. Penn will eat most of his fees.

Assuming she and Bill do all they can for the ticket, she'll be able to retire the remaining balance of the debt (above the loans and the Penn paybable) in the years to come.

[barack the house]

21. This issue is mostly between Hillary and donors. I respect her support for the nominee.

[greguganus]

23. Call a few library donors. n/t

[npincus]

28. were they boxers or briefs?

[greguganus]

31. maybe a monica thong? n/t

[depakid]

40. A cheap hit piece from a dishonest far right source

How about some Fox "news" to go along with that?

[JuniperLea]

42. Hear, hear!

I'm pretty tired of this crap.