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October 15, 2007
Tallying The Take
Well, today was the deadline for the presidential candidates to disclose their fundraising numbers over the last quarter, and the results are interesting.
Not surprisingly, Hillary Clinton and Barack Obama far outpaced the rest of the field in both parties, with Clinton having $35 million cash on hand for the primary, vs. $32 million for Obama. While still neck and neck for the money-raising title, Clinton did overtake Obama last quarter, a fact that will no doubt add to the momentum she's been gaining in the polls and press. Both candidates spent about what they raised for the quarter, just over $20 million each.
Rudy Giuliani raised just $11.6 million to lead the Republican field, way behind the top two Democrats. (We are truly living in the Bizarro campaign world when Democrats are outraising Republicans nearly 2 to 1.) Rudy also spent more than he raised in the quarter -- $13 million. He's burning through that cash awfully fast, isn't he?
The worst burn rate of the fundraising quarter vis a vis contributions, however, belonged to GOP candidate Mitt Romney, who spent $21 million while raising $9.8 million (though he did lend himself another $8.5M.) Guess he had to keep spending to build name ID in those early primary states, especially when Warren Jeffs was soaking up the media bandwith allocated to Mormons, with his public trial and eventual rape conviction. Think Mitt watches Big Love?
As previously noted, Grandpa Fred Thompson did not wow anyone, raising $12.8 million since entering the race and showing just $7.1 million on hand at the end of September. This campaiging stuff's hard work, ain't it Fred? Bet those 5-minute Law & Order cameos are seeming pretty sweet about now.
Posted by houtopia at October 15, 2007 09:55 PM