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Obama can't "retire the Clinton debt" in a way that involves our contributions

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featherman Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-10-08 05:28 PM
Original message
Obama can't "retire the Clinton debt" in a way that involves our contributions
It's not happening. Seems to be some confusion ("I won't contribute another penny to Obama if it will be used this way", etc.) about how this kind of thing is done.

Daily Kos poster DHinMI explains the ins and outs according to campaign finance law:

"A month ago I raised the issue of Hillary Clinton's campaign debt as a complicating factor is ending her futile quest for the Democratic nomination. Time had published speculation from a Clinton aide that mounting campaign debt could create problems for Clinton, because she would have to get additional donations before she could start raising for her next Senate campaign.

The issue of Clinton's campaign debt and what Obama might be able to do about it is causing confusion. The inherent difficulty for most people in making sense of the nuances of campaign finance issues has been exacerbated by some reportage and commentary on the matter. For instance, a few days ago Josh Marshall ruminated on how Obama donors would feel if their contributions went from Obama's campaign fund in to Clinton's campaign fund.

It's not a subject worth ruminating on, because it would be illegal for Obama's campaign fund to donate more than $2,300 to Clinton's campaign.

Unfortunately Steve Benen has quoted Marshall's piece without noting that it's not legally permissible for Obama to donate money to clear Clinton's debt. Others, including the NYT, are confusing the matter by not making it clear that Obama can not give more than $2,300 from his campaign fund to Clinton's campaign.

Let's make this absolutely clear:

Money given to Obama's campaign, either in the past or in the future, WILL NOT end up in Clinton's campaign fund."

more at the link:

http://www.dailykos.com/storyonly/2008/5/10/154245/021/244/513343
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marimour Donating Member (696 posts) Send PM | Profile | Ignore Sat May-10-08 05:30 PM
Response to Original message
1. great to know. It shouldn't be done ever, especially since its a debt to herself.
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Yael Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-10-08 05:36 PM
Response to Original message
2. Excellent.
I will not be participating in a 'bail out the multimillionaire who mismanaged her war chest' event.

Best wishes to those who choose to participate, though!
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havocmom Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-10-08 05:39 PM
Response to Original message
3. One wonders if the suggestion Obama help out was started by Clinton's campaign
just to piss people off and get them to stop donating to Obama? Too tin foil? Or just in keeping with how fucking dirty things have gotten? Clinton's big whine of late is that he spends more money. Her PROBLEM is that he RAISES more money. How better to turn the tap down than get the idea that SHE gets the money we give him?

YES, I am THAT cynical these days.
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shraby Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-10-08 07:11 PM
Response to Reply #3
7. The first I heard about it was the night she lost
West Virginia and squeaked by in Indiana..Tim Russert brought it up as something that Obama might do. He's the culprit.
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MagickMuffin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-10-08 07:50 PM
Response to Reply #7
9. You still have time to edit your post,
That should be NC, since this coming Tuesday is the primary for WV.

Everything else is correct. Tim Taterhead Russert did make that claim.


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shraby Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-11-08 01:05 AM
Response to Reply #9
10. Whoops. Didn't see the error till too late.
I must be getting old.
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Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-10-08 05:47 PM
Response to Original message
4. Kerry had money left over.
Let him do it.
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backscatter712 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-10-08 05:55 PM
Response to Original message
5. I knew there was more bark than bite in this story.
Guess the controversy's over, except for the uninformed shouting...

Anyways, K&R so as to leave people more informed.
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Johnny__Motown Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-10-08 06:23 PM
Response to Original message
6. We know it is against the rules, we also know that the rules will not be enforced, and even if they
were it would just be a fine
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DerekJ Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-10-08 07:31 PM
Response to Original message
8. kick
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Kool Kitty Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-11-08 01:09 AM
Response to Original message
11. Let her pay her own debt.
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WillYourVoteBCounted Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-11-08 01:11 AM
Response to Original message
12. partly because it would go to her personally (because she loaned her campaign $)
it would be unseemly to take money from the 1.5 million individual donors
and have it end up back in Clinton's personal fortune.

At least Mitt Romney didn't ask anyone to pay off the money he loaned his campaign.

Some pride there.
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WillYourVoteBCounted Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-11-08 01:13 AM
Response to Original message
13. this needs to make front page to clear up misconceptions
spread by the MSM etc.
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Hippo_Tron Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-11-08 01:14 AM
Response to Original message
14. I think he's wrong, campaigns can contribute as much as they want to other campaigns
That's why Hillary was allowed to contribute money for her Senate campaign to her Presidential Campaign.
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