Fox has confirmed that Senator Clinton loaned herself $5 million from her personal fortune to offset being massively outraised (and outspent in most states) by her rival Barack Obama. Campaign chairman Terry McAuliffe — himself a prodigious fundraiser — has said the Clinton camp raised $13.5m in January, compared with a whopping $32m for Obama.
In a statement, Clinton communications director Howard Wolfson says “Late last month Senator Clinton loaned her campaign $5 million. The loan illustrates Sen. Clinton’s commitment to this effort and to ensuring that our campaign has the resources it needs to compete and win across this nation. We have had one of our best fundraising efforts ever on the web today and our Super Tuesday victories will only help in bringing more support for her candidacy.”
Obama survived the lean summer months of lackluster poll numbers with big fundraising windfalls from donors; with the delegate count next to even and a big fundraising edge forcing Clinton to scramble to kick in her own cash, it’s hard to buy the Obama spin that she’s still the frontrunner.
UPDATE: Clinton herself just told reporters that she did in fact loan the campaign $5m from her own money. “We had a great month in January,” she said, “but my opponent was able to raise more money, and we intended to be competitive, and we were, and I think the results last night proved the wisdom of my investment.”
UPDATE 2: Major Garrett confirms that top staffers including campaign manager Patti Solis Doyle are going without pay to save the campaign money. There may be some relief on the horizon: spokesman Phil Singer emailed out a press report claiming that the campaign has raised more than $3 million online in the 24 hours since Feb 5; of course, Obama’s campaign raised $5m online in the same span.