Hillary Clinton can't fire Mark Penn because she owes him more than $2 million

[zulchzulu]

If there was any hope for Hillary supporters to jettison Mark Penn from the campaign, it's pretty much not going to happen.

A financial report on the Hillary Clinton campaign shows that in January, despite Hillary donating $5 million to her own campaign.

Hillary Clinton ended January with $7.6 million in debt – not including the $5 million personal loan she gave to her campaign in the run-up to the critical Super Tuesday elections, according to financial reports released Wednesday.

In contrast, Democratic rival Barack Obama’s campaign’s finances continued to be robust.

He reported raising nearly $37 million and spending nearly $31 million. His cash balance was $25 million, of which roughly $20 million can be spent on the primary. He reported a comparatively small $1 million in debts, owed largely to just three vendors.

(snip)

As the Clinton campaign scrambles for cash, Obama appears on track to raise more than $30 million again in February.

(snip)

But the Clinton report paints a picture of a one-time front-runner under enormous pressure after miscalculating that she would wrap up the nomination before or on Feb. 5.

According to the reports, Clinton raised about $20 million in January, including her loan. She spent nearly $29 million during the month.

She reported a cash balance of $29 million. But more than $20 million of that is money dedicated to the general election. Her personal loan accounts for more than half of the remaining approximately $9 million, leaving just about $4 million in cash raised from donors.

But even that money is illusionary when measured against the reported $7.6 million in debts.

More than $2 million of the red ink is owed to chief consultant and adviser, Mark Penn.

http://www.politico.com/news/stories/0208/8613.html

If Hillary Clinton dares show Penn the door, he's going to ask for his money pronto. She doesn't have it or certainly could not afford to pay him. Penn is giving her advice to go negative that will seal her fate as the nominee.

It's Hillary's dilemma of passing between Scylla and Charybdis.

[my2sense]

1. ..

:rofl:

This is the craziest primary I can remember. SMDH

[Moochy]

2. Kind of like buying a Burger King Franchise

He's in it to win it!

[pocoloco]

3. Big bucks in elections.

I can understand now the reason they have been blowing smoke up her ass to convince her she had a chance to win.

[BeyondGeography]

4. You wouldn't want him to go hungry now

[bilgewaterbill]

6. Bwahahahahahah!!!

Best post of the day!!

[madrchsod]

8. he`s pulling his own fingers!

it`s not nice to diss his weight.

[BeyondGeography]

9. There's something endearing about that photo

I'm trying to figure out what it is...

[Captain Hilts]

5. This is standard in prez campaigns. I worked for a big time pollster. nt

[Yael]

7. As long as her donors know where their hard earned donations are going

right back into her multi-million dollar savings account...

[Agony]

10. Fuck these people, fuck this whole process.

What a dumbass way to negotiate a contract, you don't deliver me the primary and I still owe you 2 big ones!

[Colobo]

11. I kinda feel sorry for her... the scumbags around her are destroying her campaign.

[ingac70]

12. Birds of a feather... you know the rest. n/t

[Hutzpa]

13. I know of a female Hillary supporter

who is in it for money, she is only supporting Hillary because of what
she can get, and that she is doing, she shows up on TV and say her empty
rhetoric.

She is from Texas, thats all I will say folks.

Milking her for every penny she can get.

Talk about pimping.....these folks are pimping her big time.

Oh, did I mention she is a Rep...well go figures.

[Apollo11]

14. Hillary should be asking Mark Penn for a refund!

Seriously. She could get better advice for free here on DU.