Money Talks, and it Sure is Telling

In case some of you hadn’t heard already, the latest campaign finance numbers were released this past week. I had to go to a couple of different places to find everything, and from what I can tell, John McCain’s camp is not releasing just how much he brought in during the month of February.

One report says that he has about $5 million in cash on hand, but is still significantly in debt. Compare that, if you will, to the money-making machine that is Barack Hussein Obama.

FEBRUARY CONTRIBUTIONS
$50 million — Sen. Barack Obama
$35 million — Sen. Hillary Clinton

Undisclosed — Sen. John McCain

JANUARY CONTRIBUTIONS
$36 million — Sen. Obama
$14 million — Sen. Clinton

$12 million — Sen. McCain

OVERALL (as of January 31, 2008)
SEN. BARACK OBAMA
$140,576,911 received
$115,636,751 spent

$24,940,159 cash on hand

SEN. HILLARY CLINTON
$138,048,905 received
$108,862,564 spent

$29,186,341 cash on hand

SEN. JOHN McCAIN
$54,848,606 received
$49,650,185 spent

$5,198,421 cash on hand


Now, a lot of things have happened since that last set of numbers was calculated back on January 31. McCain has proven to be the eventual GOP nominee, and Obama has established himself as a veritable deity among voters on the left. In fact, with regard to the latter, I was extremely surprised to hear that Clinton garnered $35 million in February campaign contributions. The thought of fraud even crossed my mind (imagine that, with a Clinton!) — until I heard that Obama pulled in $50 million.

Either way, the leading two democrats have pulled in more money in February alone than McCain has throughout his entire candidacy. That ain’t particularly reassuring.

Even scarier is that, even with about $190 million received to date, Obama still has plenty of wiggle-room among his contributors. While Hillary Clinton, for example, has raised almost as much as the Illinois senator, she has apparently done so from a relatively smaller number of donors who are already maxed out, whereas Obama has pulled from a enormous number of donors, many of which have only given small amounts so far. Apparently, only one-third of his contributors have reached the maximum of $2300.

I hope that GOP contributors step up. I worry that, come this fall, the only McCain-sponsored television spots will be on late-night television between infomercials touting the benefits of knives that can cut through running shoes, fitness machines that require no exertion, and ways to get rich through clipping diaper creme coupons and reselling them to intoxicated, mid-day martini-swilling soccer moms.

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Comments

  1. Anonymous says:

    I wouldn’t be TOO concerned about McCain raising a lot less money than Obama and Clinton. McCain is not in the middle of a heated race (and hasn’t been for nearly a month now), whereas the other two are. Their people are extra fired up because of this. I’d wait until the democrats have a nominee to start comparing/worrying about money. Same holds true for the democrats showing up to primaries in larger numbers. Only the first few states were a fair comparison. After that, McCain basically took the nomination, so Republicans didn’t need to show up to vote. Or they could shake things up in open democrat primaries if they had an opinion there, thus inflating the democrat participation numbers further.

    That is a good point for Obama vs Clinton, though. While they’ve raised a lot of money, he has way more donors, which means more excitement and fewer people who’ve maxed out their donation totals. It is another piece of evidence that he is the stronger candidate than Clinton in a contest with McCain.

  2. Jeff Schreiber says:

    That’s definitely a fair assessment, Mr./Mrs. Anonymous.

    The idea of comparing fundraising between McCain and the democrats during the fundraising is a big like comparing apples and socialists. Still, the reason that I worry is not because he hasn’t raised the money so far, it’s because Obama’s supporters have risen to the challenge and there is plenty of room left for them to rise again in the general election.

    I DO think McCain will raise a good deal of money, despite the semi-fractured nature of the party. Still, I have no doubt that whatever he raises will be pennies compared to Obama’s take.

    Which brings in the whole issue of public financing. Obama said he’d take it, but I’d be willing to bet that he goes back on his word.

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