McCain Fundraising Stalls; Democrats Raise $7 for every $1 for McCain
This posting is mostly from My Direct Democracy (MyDD) a political blog site. Click here to take a look at MyDD. We take this as evidence that John McCain has been unable to “connect” with Republican voters and contributors. Tsk, tsk.
Jonathan Singer, February 29, 2008
Jonathan Singer points to a recent article in the New York Times regarding political fund raising for the month of February. Hillary Clinton has already reported that she raised $34 million in the month. The Obama Campaign which does not report until next week (after the month has ended). He offers this quote from the NY Times:
“Senators Barack Obama and Hillary Rodham Clinton both had a record-breaking month of fundraising in February, bringing in more than $80 million combined, but with Mr. Obama again raising significantly more than his opponent.”
“Mr. Obama’s campaign did not release an official estimate of its February fundraising on Thursday. But several major donors estimated it is about $50 million based on their calculations and knowledge of tallies during the month, when on many days the campaign took in as much as $2 million.”
Compare this embarrassing showing from the McCain Campaign.
“Likely Republican presidential nominee John McCain raised a little over $12 million in February, two campaign sources tell CNN’s John King.”
For the vast majority of this month — and certainly since Super Tuesday on February 5 — John McCain has been the presumptive Republican presidential nominee, presumably opening up the fundraising floodgates from both the party establishment and the base. Yet McCain was only able to pull in about a third of what Hillary Clinton brought in for the month and perhaps less than a quarter of Barack Obama’s haul?
In other years, a $12 million February wouldn’t be a disappointment. Indeed, John Kerry brought in roughly $8.5 million in February 2004 and that was not viewed as underwhelming (unless when seen in light of the $44 million he raised in March and the $30 million plus he raised in each of the remaining months leading up to the convention that year). But this isn’t other years — it’s a year in which two Democrats are both breaking fundraising records, one of whom is just destroying them.
Maybe McCain will be able to turn things around in March as Kerry was able to do. Of course, that would presume that he figures out some technicality to open up a loophole in the campaign finance laws he helped champion so that he can weasel out of his legal duty to follow the spending caps he agreed to when opting into and deriving benefits from participation in the public financing program for the primaries. Yet even leaving aside legal questions about McCain’s ability to raise and spend dollars over the coming months, I see little evidence that the GOP base or even establishment are truly coalescing around McCain or that they will any time soon. As such, I think it’s much more likely than not that McCain will continue to trail his Democratic opponents in fundraising — and badly — for quite some time to come.
Late this afternoon, Associated Press filed this story about political fundraising.
From Jim Kuhnhenn at Associated Press
WASHINGTON - For Republicans, watching Hillary Rodham Clinton and Barack Obama fight for supremacy in fundraising is not just a spectator sport. It is a look into the future, and the GOP isn’t cheering.
Obama and Clinton together raked in as much as seven times as much cash in February as John McCain, the all-but-certain Republican nominee.
The Democrats, particularly Obama, are also developing a broad base of fervent donors whose help goes beyond sending money. Click here to go to Associated Press and watch this story grow.

