Today’s Boston Globe matter-of-factly reports the Clinton’s new $5M loan to their own campaign. However a reader of Andrew Sullivan notes one distinction:
Whatever you think about candidates' self-funding, this has always been done with funds generated in a business career (Romney), or through marriage/inheritance. The Clintons' case is so different -- their wealth is derived in large part from those seeking access and proximity to power, and they know that whatever the outcome of this race, she will still be a Senator and he will still be an ex-President, so the sale can go on.
Yes, but it’s all done for the children.
Actually the reader understates the case. The Clinton wealth is not derived “in large part” from this value proposition, but entirely from it. The Globe article reports:
Clinton confirmed the loan yesterday, calling it a "wise investment"…
No doubt the Clintons feed that same line to donors as well as to reporters.
BTW how can such odious financing go on so shortly after we have enacted so much campaign finance reform? We must need more reform!
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