Articles

McCain Couldn't Compete With Obama's Money

December 03, 2008

If money talks, we'll likely soon hear the real reason why Barack Obama beat John McCain. Both men and the national parties will report to the Federal Election Commission today how much money they raised in October and November. And what the numbers will probably show is that Mr. Obama outspent Mr. McCain by the biggest margin in history, perhaps a quarter of a billion dollars.

On May 31, as the general election began in earnest, the Obama campaign and the Democratic National Committee had a combined $47 million in cash, while the McCain campaign and the Republican National Committee had a combined $85 million.

Between then and Oct. 15, the Obama/DNC juggernaut raised $658.7 million. I estimate today's reports will show Mr. Obama, the DNC and two other Obama fund-raising vehicles raised an additional $120 million to $140 million in October and November, giving them a total of between $827 million and $847 million in funds for the general election.

Mr. McCain and the RNC spent $550 million in the general election, including the $84 million in public financing Mr. McCain accepted in exchange for his campaign not raising money after the GOP convention.

How did Mr. Obama use his massive spending advantage?

 FULL ARTICLE: http://online.wsj.com/article/SB122835139848377873.html

Related Article

A06b8f2754b2878fc65aa5d39bd8430e
June 23, 2022 |
Article
Trying to limit the political damage of skyrocketing gasoline prices, the Biden administration on Sunday trotted out Energy Secretary Jennifer Granholm.  ...
81779f8b5f9d30950c270b5e32ede0f0
June 16, 2022 |
Article
Fringe GOP candidates who are struggling in primaries are getting temporary aid from unusual allies. ...
B54c68ecc82a92177d960e6875baa574
June 09, 2022 |
Article
Sometimes politicians act in ways that reflect badly on their judgment and character and dishonor the cause they seek to advance. ...
4b6134d08d9375d6891441a755ad1419
June 02, 2022 |
Article
Welcome to the Journal’s pages, Mr. President. I trust your recent op-ed on your inflation plan is the first of many contributions to the paper. ...
Button karlsbooks
Button readinglist
Button nextapperance