Obama Campaign Raising Money for Hillary Clinton

Apr 27, 2012, 5:48 pm EDT
Obama Campaign Raising Money for Hillary Clinton

Four years after President Barack Obama’s campaign defeated Hillary Clinton, it is now extending her an olive branch. The campaign is asking donors and fundraisers to give money to Clinton’s old presidential campaign committee to help her retire $245,00 in debt from 2008.

The efforts came about as a result of promised efforts by former president Bill Clinton to raise money on behalf of Obama and Obama’s Super PAC. In exchange, it appears that the Obama apparatus will assist Hillary Clinton in clearing her debt. As Secretary of State, Hillary Clinton cannot engage in political activity or fund-raise on her own behalf.

This sort of tit-for-tat deal isn’t uncommon between candidates that win nomination and those that are defeated. Mitt Romney, for instance, paid off the debts of Tim Pawlenty’s campaign after Pawlenty left the nomination race and endorsed Romney. For Hillary Clinton and Obama, though, it is a bit more unusual. Clinton left the 2008 campaign with nearly $20 million in debt and loans, and not all of Obama’s supporters at the time heeded his call to help defray her expenses, citing the fractious primary fight as their reason for not helping. Read 

Five Facts You Might Not Know About Rubio

Apr 26, 2012, 6:38 pm EDT
Five Facts You Might Not Know About Rubio

With general election season approaching fast, and political pundits waiting with bated breath to see who Mitt Romney will select as his vice presidential candidate, attention will return yet again to one of the Republican Party’s rising stars: Florida Sen. Marco Rubio. And while he has denied interest in being VP, that will do little to quell speculation. Neither will the fact he has a biography forthcoming.

There is quite a bit that many people don’t know about the politician, though. Here are five of the more interesting facts, as gathered by Politico: He hates disco music

Rubio has been quoted as saying the ’70s were a “very frightening time” where “we had to overcome disco, and bell bottoms, and the Bee Gees.” Read 

Michelle Obama Trip to Spain Cost Taxpayers $467,000

Apr 26, 2012, 6:07 pm EDT

A watchdog group obtained federal records that showed a 2010 trip by Michelle Obama to Spain cost taxpayers $467,000 in travel and security expenses.

The First Lady, her younger daughter Sasha, two of Michelle’s friends and four of their daughters took the summer vacation two years ago. At the time, some criticized her for taking such a lavish vacation in the midst of tough economic times.

The White House said that Michelle Obama and her friends had paid for their rooms, food, and transportation. As it turned out, though, the cost of flying a government plane exceeded what the First Lady reimbursed. In addition, Secret Service protection for Michelle and Sasha was covered by the government, as was additional government transportation while in Spain and the cost of bringing over aides to support the First Lady while visiting King Juan Carlos I and Queen Sofia. Read 

Colbert Super PAC Out-Fundraises Ron Paul’s

Apr 25, 2012, 6:32 pm EDT

Colbert’s Super PAC maybe a joke, but very few would deny it has some serious fundraising chops. Among those who might agree are the forces behind Ron Paul’s Super PAC.

In documents filed with the Federal Election Commission in March, Colbert’s Super PAC raised $44,000 in March, and is currently sitting on $794,000. In contrast, Ron Paul’s Super PAC, Take Endorse Liberty, raised only $13,000 in March and has just $54,000 in its accounts currently. This even after starting with a $1.7 million donation from PayPal (now an eBay (NASDAQ:EBAY) subsidiary) founder Peter Thiel.

The amount of money Colbert’s Super PAC has brought in pales in comparison to what other presidential candidate Super PACs have raised, though. Restore our Future, Mitt Romney’s Super PAC, has $16.5 million cash-in-hand, while President Barack Obama’s Super PAC, Priorities USA Action, has $5 million in the bank. Last month, Gingrich’s Super PAC, Winning Our Future, received $5 million. Read 

What Each Vote Cost Romney

Apr 25, 2012, 5:46 pm EDT
What Each Vote Cost Romney

It takes more than money to win the GOP presidential nomination. If it didn’t, Mitt Romney would have edged out John McCain four years ago. But a sizable campaign budget goes a long way.

Romney, who earlier today was announced the “presumptive” Republican presidential nominee by the chairman of the Republican National Committee, has already spent $18.50 per vote (or $126,000 per delegate), according to a CNNMoney report.

As the presumed nominee, the $76.6 million that Romney spent to win 4.1 million votes (607 delegates) was worth the investment. One can’t say the same for one of Romney’s opponents, Texas Representative Ron Paul. Read 

Obama Campaigns on Student Loans

Apr 24, 2012, 6:39 pm EDT
Obama Campaigns on Student Loans

President Barack Obama spoke today in North Carolina about an issue near and dear to a core part of his base: student loan interest rates.

The president has begun a three-state tour, starting today in North Carolina and moving on to Colorado and Iowa to put pressure on Congress. Obama said that if Congress does not act to extend a student loan interest rate cut by July 1, the rates on 7.4 million loans could double.

This follows similar rhetorical moves by Obama on behalf of the payroll tax cut extension and the Buffett Rule: hit back at Congress when it is slow to tackle — or refuses to implement — policies the president supports. Read 

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