Monday, March 31, 2008

Could lack of cash force Hillary out of race ?

The Politico reports that Hillary Clinton's campaign is delaying paying bills:

Hillary Rodham Clinton’s cash-strapped presidential campaign has been putting off paying hundreds of bills for months — freeing up cash for critical media buys but also earning the campaign a reputation as something of a deadbeat in some small-business circles. A pair of Ohio companies owed more than $25,000 by Clinton for staging events for her campaign are warning others in the tight-knit event production community — and anyone else who will listen — to get their cash upfront when doing business with her. Her campaign, say representatives of the two companies, has stopped returning phone calls and e-mails seeking payment of outstanding invoices. One even got no response from a certified letter. Their cautionary tales, combined with published reports about similar difficulties faced by a New Hampshire landlord, an Iowa office cleaner and a New York caterer, highlight a less-obvious impact of Clinton’s inability to keep up with the staggering fundraising pace set by her opponent for the Democratic presidential nomination, Illinois Sen. Barack Obama.

Meanwhile, Michael Sneed in the Chicago Sun-Times reports:

....major money problems in the Clinton camp may soon become a coroner knocking on her campaign door.
• To wit: Word is the cash feeding into Hillary Clinton's campaign coffers has not only slowed down in a big way, undisclosed campaign debts that have yet to be made public could signal the end and have insiders biting their nails.

Translation: "It won't necessarily be politics which may force her out of the race," said a top Dem source. "There is no hanky panky going on, but Hillary needs to raise money to stay alive . . . and word is she may not be able to climb out of the money hole."
• The buckshot: "I think it's safe to say Hillary's not going to dip into her pocket again," the source added. "And if her employees start taking pay cuts while chasing the dream . . . it's usually the beginning of the body becoming totally cold."

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