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The Republicans caught up to the Democrats for presidential-campaign fundraising?
Ed:
That puts the GOP ahead in the upcoming general election, and the gap may widen. Cash on hand for both Obama and the DNC declined in April, thanks to deficit spending in both organizations. Obama raised $32 million to McCain’s $18 million, but the Republican only spent $6 million of it. Obama spent over $36 million in April, denting his considerable war chest. Obama’s contributors now increasingly come at the expense of the DNC, which has failed miserably in its quest to keep pace with the RNC, and the little money it has on hand will get spent on the convention.
This could push Obama back towards public financing. His donations have tumbled significantly over the last three months. Obama raised $55 million in February, $40 million in March, and now $32 million in April — all significant numbers, but now almost half of his peak. It looks like the Democrats may have tapped themselves out in this primary race, leaving the well dry for the general election. No one has leftover cash for the DNC, and they may not have any for the general election, either. Meanwhile, Obama has run through two-thirds of all that cash in three months, which calls into question the campaign’s ability to manage themselves on a tighter budget.
With the record breaking fundraising that we have seen in this election, this is just disgusting:
Barack Obama has raised $265,439,277
Hillary Clinton has raised $214,883,437
John McCain has Raised $96,654,783
Total raised by the three of them is $576,977,497
That doesn’t include the $360,000,000 raised by the other presidential candidates
We are nearing $1 billion in campaign contributions for just one election!
May 22, 2008 - 11:23 AM on May 22nd, 2008
[...] the … 21 May 2008 | 01:40 pm | Category: Uncategorized Lois Kelly wrote an interesting post today onHere’s a quick excerptThe Republicans caught up to the [...]