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Tuesday, October 16, 2007

In fundraising, Democrats thumping GOP candidates: Clinton and Obama each have more available money than combined total for top four Republicans

Hillary Clinton and Barack Obama both have more available campaign cash on hand than the top GOP candidates, Giuliani, Romney, Thompson and McCain, combined. That trio has $32 million among them -- Rudy has $16 million; Mitt has $9 million, Fred has just over $7 million and McCain's campaign is technically in debt. A lot of Mitt's money came from his vast fortune, not contributors. The Democratic base is fired up and ready for change. The GOPers are moribund.

The Washington Post has the numbers:

Sen. Hillary Rodham Clinton (D-N.Y.) and former New York mayor Rudolph W. Giuliani (R), the front-runners for their parties' presidential nominations, entered the final months of the primary season with another crucial advantage: more money to spend than their rivals.

Clinton topped the Democratic field, reporting $35 million available to spend on the primaries, edging out Sen. Barack Obama (Ill.), who had roughly $32 million in reserve for the battle for the nomination, the campaigns reported. Both Democrats continued to enjoy a huge advantage over their Republican counterparts. Giuliani ended September with $16 million in his campaign account, while his closest competitor, former Massachusetts governor Mitt Romney, had $9 million in available cash.

Obama, Giuliani and Romney all spent more than they raised in the past three months, with Romney spending $21 million -- more than twice what his campaign brought in.
Here's the scoop on Fred and McCain:
The latest entrant to the GOP field, former senator Fred D. Thompson (Tenn.) reported $7.1 million in cash on hand. Sen. John McCain (Ariz.) finished September with $3.5 million in the bank, but after factoring in $1.7 million in debts and $1.8 million in funds he can use only if he becomes the GOP nominee, McCain finished the third quarter $94,000 in the red.
Yep, McCain is in the red.

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