GOP fears Obama's money machine

By JEANNE CUMMINGS
The Politico
6/5/08

With Hillary Clinton’s campaign coming to an end this weekend, Barack Obama’s rise as the Democratic nominee brings serious bad news to a new group — John McCain’s finance team.

A review of campaign finance data offers not one ounce of good news and barely any hope for the McCain campaign’s ability to compete with Obama’s fundraising prowess.

To make matters worse, Obama’s campaign, which raised $272 million through April for the primary, now is reaching out to Clinton’s fundraisers, who raised another $200 million through April, in an effort to unite forces and bury the historically deep-pocketed Republicans.

Take a look at some of the numbers:

• If each of Obama’s donors gave him a modest $250, he’d have $375 million to spend during the two-month general election sprint. That’s $186 million a month; $47 million a week.

• During the same September to Nov. 4th period, McCain will have about $85 million to spend since he has decided to take taxpayer money to help finance his campaign activities.

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