Tuesday, December 23, 2008

May You Run For President Against An ATM Machine

Here's my impression of Carnac The Magnificent:

I hold the sealed envelope up to my head and deduce the answer: "Washington Mutual, Wachovia, and Sen. Hillary Rodham Clinton."

Rip. Puff. Pull out the paper inside.

"Name two banks that need a bailout and a banker who just bailed out."

That would be Mrs. Clinton, who just ate more than $13 million in campaign loans to herself. Not that she wanted to, but with her confirmation hearings for Secretary of State coming up, she has to cut ties to her campaign days -- hence the huge writedown.

I guess that side campaign to pay off Clinton's debts hasn't been a huge success. Most of us would slobber over having that much money to spend on ourselves. And it isn't like the Clintons are going broke. Bill made at least $20 million in book advances. Hillary got $10 million up front from her tome.

In the words of TV's Judge Joe Brown, "You gotta pay to play, so don't whine and moan and call it a loan!"

After kissing off that $13 million, Mrs. Clinton's campaign is left with $6.3 million in red ink. The L.A. Times reports $5.3 million is owed to her former campaign adviser Mark Penn. Er, is he the same one who thought the Democratic Party nomination process was winner-take-all?

No comments: