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Thursday, July 10, 2008

McCain has huge $95 million warchest available on his way to compiling a total of $400 million

As I wrote on Tuesday, the McCain campaign and the RNC are one and the same -- and they're flush with cash. As Jed wrote last month (and he was the first to figure this out), combining the McCain/RNC funds gives the Republican nominee a hugh financial advantage -- and dispels the idea that McCain is at a fundraising disadvantage. With George Bush out there raising RNC money, right now, McCain is sitting on $95 million:

The McCain campaign and Republican Party have nearly $95 million cash on hand combined for use in the presidential race, campaign manager Rick Davis said Thursday. He said the McCain camp had more than $27 million, and the Republican National Committee has more than $67 million.
And, they're planning on $400 million -- including the $85 million from the public finance system:
Davis said he hopes the campaign and party will be able to raise an additional $95 million by the end of the summer. Including the matching funds, he estimated the campaign would have a total $400 million budget through Election Day.
But, Obama is supposed to be worried about Hillary Clinton's debt so some of her supporters, who talk to the NY Times, won't be mad.

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