May 08, 2008
ClintonÂ’s campaign says the New York senator has lent more than $11 million to her presidential campaign to date, far more than the $10 million she reportedly earned from previous books sales.On a conference call with reporters Wednesday morning Clinton Communications Director Howard Wolfson said there was no distinction between Mrs. ClintonÂ’s money and Mr. ClintonÂ’s money in the account.
“I dispute the notion that there is a difference between her share of her joint assets and her own money," Wolfson said. "There is no distinction between her share of their joint assets and her money. Her money is their share of her joint assets."
Wolfson noted “legally she is entitled to use up to 50 percent of their joint assets if she chooses.”
Since leaving the White House former President Clinton has earned millions in speaking fees, mostly from foreign countries like the United Arab Emirates and the PeopleÂ’s Republic of China.
Campaign finance laws forbid foreign money from entering U.S. elections, but no laws forbid foreign monies being stored in a joint checking account by a candidateÂ’s spouse and later being accessed by the candidate.
Apparently it doesn’t just take a village to keep your campaign afloat – it takes a foreign village to do so.
Of course, it seems pretty clear to me that there isn’t a legal question about the money being used. After all, this is money that Bill Clinton earned (if you can call it that) through speaking fees and honoraria. So while the sources of cash are foreign governments, this is not a case of foreign governments directly donating to the campaign. But it does raise issues of Bill Clinton being paid by and financially beholden to foreign governments for his livelihood while his wife serves in the Senate – or maybe even the executive branch.
Posted by: Greg at
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