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April 24, 2008
Hillary Mines the Motherload
Hillary Clinton's win in Pennsylvania has opened the pockets of her supporters to astonishing proportions.
Her online fundraising efforts in the last 24 hours have netted her a cool $10 million - enough to get her out of debt and make a good start toward funding her Indiana campaign:
Mrs. Clinton’s overnight fund-raising success, however, gave her the means to compete on a more level field with Mr. Obama. Campaign officials said they raised $10 million in online donations in the 24 hours after her Pennsylvania victory, the campaign’s best one-day money haul. The contributors included at least 70,000 new donors, the officials said. It's a safe bet that most of those 70,000 new donors did not give the maximum which means that Hillary can tap them again in a few weeks for rmore.
While Mr. Obama had started April with more than $40 million, Mrs. Clinton’s campaign was essentially broke, with millions of dollars in debt. Her dire financial straits had threatened to derail her campaign before her nine-point victory in Pennsylvania allowed her to make a fresh case to voters and party leaders that she would be the strongest Democratic presidential nominee.
The Clinton campaign was scrambling to milk the jump in contributions, transforming its home page to a donation page, something it had experimented with for several days last month with great success.
One more sign that it is the Democrats themselves who do not want this race to end. Probably close to 50% of the party is against the idea of Obama being its standard bearer. This feeling will translate into continued success for Clinton in most of the remaining states.