Hillary Clinton, seen here feeling Barack Obama breathing down her neck, has recently acknowledged lending her campaign $5 million. A press release sums it up like this:
The loan illustrates Senator 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.
I believe it illustrates that she is now desperate. After spending almost a year leading in national and state polls by double digits, Barack Obama has erased her inevitability. Now, after being beaten handily in January fund raising numbers, $32 million to $13 million, Clinton is considering adding some more of her own money to the war chest. After the Super Tuesday financial drain, money is getting tight.
Another reason for the Clinton camp to consider another loan is the fact that many Clinton donors are already maxed out for the primary season. Much of Obama’s January donations, on the other hand, were from new donors for small amounts. This fact also shows that Obama’s organization and ability to inspire at the grass roots level is much better than Clintons.
In a story from the Politico, Obama is on pace to raise 30 million or more again in the month of February. According to the Obama campaign only 3% of his donors have hit the maximum of $2,300 for the primary election.
Clinton has recently challenged Obama to “a debate a week,” in an effort to gain free media coverage. Also, reminiscent of Rudy Giuliani, who recently dropped his Presidential bid, some of Clinton’s senior campaign staff has agreed to go without pay for a month.
All of this shows desperation from the fading Clinton, and with three caucuses coming up this weekend, where Obama’s organizational skills give him the edge, Clinton only seems fit to lose even more momentum.