Hillary Clinton’s $36 Million Dollar Magic Trick
The staggering amount of money raised so far for Hillary Clinton’s ’08 presidential campaign should be a cause for concern. Her first quarter windfall of $26 million was conveniently leaked to the Drudge Report on April 1st and was intended to convey a stark message to her Democratic rivals. The numbers were officially released later that day and the media frenzy over the primary finances began (John Edwards raised $14 million, while on the Republican side Mitt Romney and Rudy Giuliani raked in $21 million and $15 million respectively).
Clinton’s early receipts eclipsed all previous records for fundraising in a presidential primary and set a new precedent for aspiring presidential candidates. The $26 million, however, did not tell the whole story of Clinton’s elaborate fundraising mechanism – one that flouts campaign finance laws and attempts to bury her competition in a mountain of cash.