Clinton: "Virtually All" of Post-PA Donations for the Primaries
by Jonathan Singer, Thu Apr 24, 2008 at 04:14:35 PM EDT
There has been a number of questions floating around the web surrounding reports from the Clinton campaign that it had raised $10 million dollars in the 24 hours following the closing of the polls in Pennsylvania. You can read some thoughts on this from Marc Ambinder. One theory, posited by an Ambinder reader (which the reporter puts up on his blog), is that a significant portion of the campaign's take since Tuesday night came from dollars earmarked for the general election -- i.e. contributions from donors who had already given the maximum $2,300 for the primary campaign. However, the Clinton campaign says this is not the case.
This evening, a source at the Clinton campaign informed me that "virtually all" of the donations received by the campaign since the polls closed in Pennsylvania Tuesday night were for the primary. Unlike contributions earmarked for the general election, which cannot be used until after the Democratic National Convention, money earmarked for the primaries can be used immediately.
In recent months, a significant portion of the contributions into the Clinton campaign have come from contributers who had already maxed out for the primary election. As of the end of last month, more than two-thirds of the money the Clinton campaign had in the bank was earmarked for the general election (just about $9.3 million of the roughly $31.7 million the campaign had in cash-on-hand could be used for the primaries). Because the Clinton campaign also held a large amount of debt -- for the third straight month, the campaign entered the month in the red -- an infusion of $10 million, most of which could be used now could help enable the campaign to continue at least through the North Carolina and Indiana primaries on May 6th and perhaps even longer.
Tags: Democratic primaries, Fundraising, Hillary Clinton, Online Fundraising (all tags)









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