Obama’s parting gift to Hillary? Retiring her campaign debt

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Josh Green reports that a team of top Obama donors decided to surprise Hillary Clinton — “and thank her for her loyal service” — by raising enough money to pay off her 2008 campaign bills.

“The challenge was tougher than it may appear, since it required a particular kind of donor. In order not to run afoul of campaign finance laws, the Obama team had to find people who had not already given Clinton the 2008 maximum primary donation of $2,300 or maxed out their total federal candidate donations during the 2012 cycle ($46,200). And of course, those people also had to be warmly disposed toward Clinton and still have plenty of free cash on hand,” reports Green.

In the end, it took the checkbooks of about 120 people and several months to retire the debt … And as it turned out, the Obama folks substantially overshot the mark. Clinton’s campaign, which has not yet formally been shut down, now shows a surplus of about $205,000.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.