ARC's 1st Law: As a "progressive" online discussion grows longer, the probability of a nefarious reference to Karl Rove approaches one

Tuesday, October 02, 2007

Unfortunate, but not surprising

This news isn't surprising - not when you've got multi-millionaires competing over whether to endorse Hillary!TM or Obama. (Who's the party of the rich & elites again? I always get confused with that question...)

October 2, 2007
Democrats Surpass Republicans in Fund-Raising

The Democratic presidential candidates continued to raise significantly more money during the last three months than their Republican counterparts, according to official and unofficial third-quarter fund-raising tallies that were released yesterday.

Senator Barack Obama, the Illinois Democrat, raised at least $20 million over the summer, more than $19 million of which could be spent on the primary — showing that he continued to be a formidable fund-raiser. It was unclear whether he still led in fund-raising, as he did this spring, because Senator Hillary Rodham Clinton did not release her tally. (Her aides had said that they expected to raise a similar amount.) John Edwards raised $7 million, and Gov. Bill Richardson of New Mexico raised $5.2 million.

By comparison, Mitt Romney, who has been one of the strongest Republican fund-raisers this election, raised only about half of what Mr. Obama raised this summer, according to a senior adviser who was granted anonymity to discuss the campaign’s finances. The adviser said that Mr. Romney brought in about $10 million from donors, and that he used more than $6 million of his own money for his campaign.

Rudolph W. Giuliani, who replaced his chief fund-raiser at the end of the quarter, did not release a tally, but said over the weekend that he thought he would “do as well as the other Republicans — maybe we will do better than some.” Fred D. Thompson raised at least $8 million in his first quarter as a candidate, according to people involved with the campaign — less than the other leading candidates raised early in their campaigns.

And Senator John McCain of Arizona raised more than $5 million, according to a Republican familiar with the campaign’s finances.

Strategists in both parties said that the fund-raising imbalance showed that Democrats, and their donors, are more energized this year as they battle to reclaim the White House after nearly eight years of Republican rule. And they said President Bush’s sagging popularity is hurting the Republicans who are vying to replace him.

“This just shows the difficult political climate that Republicans are facing,” said Scott Reed, a Republican strategist. “The bright side is that next spring, the Republicans will have plenty of money to give the candidate who goes up against Hillary Clinton.”

And, not mentioned in the Times article, the GOP doesn't have to out-raise the Dems, since they've got the Media machine on their side.


Your Co-Conspirator,
ARC: St Wendeler