It is a bit eerie the quiet that emanates from the Clinton campaign during the last few days. Here’s the reason. Despite her fundraising record, she is not able to spend all the money. It is earmarked for the general election. Most of her contributors have maxed out on their contributions and now gave for a new cycle, the general election. AP reports:
[…] reports filed with the Federal Election commission late Thursday showed that Obama set a single-month fundraising record, with more than $55 million in contributions.
Both Democrats ended up with more than $30 million in the bank, but Clinton can’t use two-thirds of her cash on hand because it’s only for the general election. That and her debt left her with less than $3 million in the black. The debt doesn’t include the $5 million she lent her campaign in January.
Wealthier contributors to all three presidential candidates have donated for both the primary and general elections, doubling their allowable giving from $2,300 to $4,600. But the general election money can only be used in the fall. Whoever loses the nomination would have to return that money to the donors. Clinton has been the most aggressive at raising general election money, with nearly $22 million in the bank. Obama has $8 million set aside for the fall.
UPDATE:And just for the hell of it, she lied about her campaign funds, too!
UPDATE II: As hilzoy points out in the comments section, the author linked to in UPDATE I most probably has his facts wrong. Remains the fact, that Hillary Clinton is down to 3 million for the primaries.