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Money losers of 2008: Hillary Clinton loses big in presidential race

This post is part of our feature on Money Losers of 2008. See all 20.

Hillary Clinton is easily one of the most polarizing figures in U.S. politics. Perhaps it's because she combines the DNA of a female with the ruthlessness, grit, and cold-blooded calculation of the average male politician -- journalists never know whether to criticize her hairstyle, or her foreign policy credentials! (Governor Sarah Palin received similarly schizophrenic coverage: Yes, she's got an opinion about offshore drilling, but what kind of statement are those pumps making?)

In any event, it was a given that Hillary would run for president in 2008. As an idealistic, card-carrying young feminist, I'd personally been chanting "Hillary '08!" ever since I cast my vote for her in the 2000 Senate race in New York. Unfortunately for Ms. Clinton, it seems that most of her fervent supporters have a certain characteristic in common with me. No, it's not two X chromosomes; apparently, we're all broke.

When she suspended her presidential campaign in June, it was a bitter defeat for Hillary. Not only was she edged out in the primaries by an Ivy League rookie, but she also had to contend with a whopping campaign debt load. Reports indicate that the future Secretary of State poured $11.4 million of her own money into the campaign, just for starters. At the beginning of November, she still owed $7.5 million to various vendors, and the primaries haven't even been paid for yet.

Continue reading Money losers of 2008: Hillary Clinton loses big in presidential race

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Last updated: November 27, 2009: 05:27 PM

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