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McCain Has No Money; Obama Has No Debt: Weighing the Candidates' Campaign Coffers
Last Thursday was the deadline for the presidential candidates to file their latest fundraising numbers with the FEC. As we await the updates, it's worth taking a look at their most current numbers, and what they may portend for the general election.
With the media focused exclusively on the battle between Clinton and Obama, Republican nominee John McCain has been spending his time shoring up support for his candidacy—and, presumably, fundraising. According to the Center for Responsive Politics, he really, really needs to: In the month of February, he raised just under $11 million, compared to $34 million for Clinton and $55 million for Obama.The numbers get worse when you look at the whole election cycle: in total, McCain has raised just $64 million, less than half of Clinton's $170 million, and a third of Obama's $193 million.
But what's most striking is the debt. The Clinton campaign has amassed a staggering $8.7 million worth, double McCain's $4.3 million. Obama, on the other hand, owes only $625,000. By campaign standards, he's debt free.
What to make of this? If it were only about cash on hand, either Clinton or Obama could trounce McCain in the general election. But Clinton's campaign spent nearly as much as it raised in February, while Obama's used only about 80%. The combination of more funds to use and less debt to pay down would give Obama an unquestionable advantage in the general election. On the flip side, however, McCain's getting a free ride right now. As long as the Democratic infighting continues, he may not need that much money to make his case. But once the general really gets underway, he'll need to compete with an already-daunting cash lead and a horde of enthusiastic donors. If dollars are what count, McCain loses.
—Casey Miner
Comments
Seems like a hypothetical sneek preview of their budgetary skills...
He also loses big if the surge continues to fall apart.
Posted by: Michael Z on 03/26/08 at 8:24 AM Respond
Okay, so I have some questions.
How much of that maoney (for each) is earmarked for the primary and how much for the general?
Do Hillary's numbers include the $5mill she put up?
What happens if a candidate has a shortfall at the end of the primary campaign? They can't use general election funds to pay it off can they? If somebody ends a primary campaign $8 million in the hole, where are they supposed to get that money from?
Posted by: seth Berkowitz on 03/27/08 at 6:35 AM Respond
Seth:
- I *believe* those totals are primary money only.
- I'm not sure if that includes Hillary's $5 mil since that wasn't fundraising.
- I don't know how they deal with their debt specifically, but no, they can't use the general election funds to pay it.
Sorry I don't know the answers to the rest, but I hope that helps.
Posted by: JP on 03/27/08 at 7:27 AM Respond
REASONS WHY MCCAIN WILL SURELY WIN (and also predictions on what will happen while McCain is in power and afterwards).
I see Obama as the less of three evils..
But MCCain will Definitely win.
Only read this if you have a few hours (or days) to do your own research, otherwise you will surely dismiss this. If you can spend the time to research this it would be appreciated, as it's important.
First of all I have to explain a few things. Politics in America is a farce, elections do not respect real vote of Americans since a few years now (research in youtube diebold, "hacking the elections" etc). So this must be taken into account.
Second the media are completely controlled in their general lines (not only fox news), the people who control them are the Rockefellers, Morgan, Warburgs etc (research cnr, trilateral commission, Bilderberg Group etc). They also control the general lines of a few secret societies amongst them the "skull and bones" in which all Bush's family is and Kerry and most CIA are hand picked from these societies. (research in wikipedia Bush in "skull and bones", IG Farben and Carlyle Group ).
The bankers that took power by establishing the FED and lending money to the government need the government to run big deficits as this gets them more money, this deficit is counter balanced only by the fact that after WWII America imposed that petrol is traded in dollars (research Petrodollar, cfr, fed). Some research estimates the real value of the dollar to be now 2 cents (I don't believe this but I believe is around 20cents).
Iraq started trading petrol in euros (research oil for food program), and also Venezuela and Iran wanted to do this soon. This would mean crushing American dollar to its real value and the total collapse of America.
America had to persuade Americans and the world opinion that a war against Iraq and iran is needed, also needed more control and power over citizens (patriot act).
War is also good for CFR as the bankers will get the interest of all the money needed for the war.
To change the world's opinion on this war they bombed the twin towers and pentagon (watch documentary "9/11 Ripple Effect" should show enough evidence, if that is not enough look a few more and follow some of the truth movement).
Don't dismiss all of this please RESEARCH yourself.
So after this introduction i can tell you what will happen in the future:
1. Media in this moment is pushing for Obama to win against Hilary, and at the same time slowly dismissing both of them and praise McCain.(research the technique of FOX news of saying "some people says" to give judgments and not facts).
2. So they can have an easier battle against Obama to make McCain win.
3. With such control of the media McCain will most likely reach the needed support (he doesn't need to fairly win the election but it's always good to not hack the election by more than 5-10%, so he would need some real support). However, if the polls (the real polls not the ones they show you) show that McCain is losing they will do other attacks (not as big as 9/11 yet). People will be scared for home security and will vote for McCain.
4. VeriChip RFID will start to be installed voluntarily on babies if their parents decide is good for them.
5. Dollar will be replaced by AMERO the new currency, America will join Mexico and Canada (why do you think they allow all these illegal immigrants and build a motorway... research amero). (this move will be good for America but a disaster for Mexico and Canada when the dollar will crush to its real value)
6. Another attack, this time of the size of 9/11 will happen, this will scare Americans again and more. Iranians will be the alleged cause (by the way see interview with Benazir Buttho 1 month before she was killed to learn Osama Bin Laden died in 2001. Interesting to see both Al Jazeera and BBC version).
7. With this they will finally make the installation of verichip in every citizen compulsory. A weapon of mass destruction will be used against Iran (I don't think it will be nuclear bomb but at the same time will not be full war because America seems not to have enough money.. unless they are insane enough to still print some more!?). (research "Iranian oil bourse" to see the reason).
8. The last liberties of America will be abolished, people will forget what freedom is and complete control will be achieved in America (which now includes Canada and Mexico).
9. CNR founder members will continue until they have their idea of "one world government" completely realized, they will succeed and they will silently rule the world by behind the scenes. (new world order)
Thanks for your time, now start insulting the "loony" theories... or start doing some real research, pass the phase of being scared of such a reality, and give some constructive comment.
I suggest you to move to another country if you live in America now.. don't say I didn't tell you..
V
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Posted by: nic on 03/26/08 at 8:21 AM Respond