Showing posts with label March. Show all posts
Showing posts with label March. Show all posts

Monday, April 21, 2008

The Obama Cash Machine

CNN reports that Barack Obama has raised $41 million in March, more than twice Clinton's haul, leaving him with $51 million cash on hand and (this is impressive) $42.5 million that can be spent on the primaries. Clinton, on the other hand reports 10 million in debt, and of her $32 million cash on hand, only about $9 million available for primary spending.

Look, I feel a little silly writing words like "just" before amounts like $9 million, but this cash difference in the campaigns has reached a point of critical mass. Whoever is the nominee is going to have rely on their primary money until the convention, even if the other party drops out of the race. No candidate for president has ever demonstrated the ability to raise the kind of money-from such a broad base-as Sen. Obama has done. It really is remarkable.

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