Eye on the Money- Presidential Race 2008
Posted by lace | Posted in Uncategorized | Posted on 25-05-2008
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The May monthly reports to the FEC are in; here are the results:
Senator John McCain
Cash on Hand at Beginning of the Reporting Period $11,579,713.65
Total Receipts This Period $18,529,357.60
Subtotal $30,109,071.25
Total Disbursements This Period $8,353,979.42
Cash on Hand at Close of the Reporting Period $21,755,091.83
Senator Hillary Clinton
Cash on Hand at Beginning of the Reporting Period $31,711,745.93
Total Receipts This Period $26,911,626.98
Subtotal $58,623,372.91
Total Disbursements This Period $28,956,919.81
Cash on Hand at Close of the Reporting Period $29,666,453.10
Senator Barack Obama
Cash on Hand at Beginning of the Reporting Period $51,073,999.99
Total Receipts This Period $31,922,904.75
Subtotal $82,996,904.74
Total Disbursements This Period $36,441,847.69
Cash on Hand at Close of the Reporting Period $46,555,057.05
Obama is spending the money. Even though he has the most and can afford to, if these spending habits keep up, McCain will surpass him financially.
Clinton spent more than she raised this quarter.
McCain is slowly building his account as he recently held a number of fundraisers at the homes of wealthy Republicans.
Although McCain is trailing Obama by a significant margin (30+ million), there is a caveat that is hopeful.
Combined McCain and the RNC have $62 million cash on hand. This is $11 more than the combined total of Obama and the DNC.
Or so I read…
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