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Clinton loans herself $5m
07/02/2008 08:12 - (SA)
Washington - Democratic White House hopeful Hillary Clinton said on Wednesday she loaned her campaign five million dollars of her own money in January to keep up with rival Barack Obama's record cash windfall.
"I loaned the campaign five million from my money," Clinton said a day after more than 20 state nominating contests resulted in no clear front-runner for the Democratic party ticket.
"I loaned it because I believe very strongly in this campaign. We had a great month fund-raising in January, broke all records. But my opponent was able to raise more money," Clinton said.
"And we intended to be competitive, and we were. And I think the results last night proved the wisdom of my investment."
The New York senator, who won large states such as New York, New Jersey and California on Super Tuesday, also launched an internet drive to raise three million dollars in three days.
Meanwhile, the Obama campaign shot back with a statement saying it had raised three million dollars in the past 24 hours, and appealed for supporters to send in more cash.
"Thanks to you, we have raised more than three million dollars since the polls closed on February 5th. But we have no choice - we must match their five million dollars right now," it said.
Obama's campaign also described Clinton's cash-injection as "a dramatic move, and a clear acknowledgement that our campaign has the momentum".
Obama's campaign announced it had raised $32m in January alone, compared to $13m raised last month by Clinton.
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