How can McCain compete with the Obama money machine?

Discussion in 'Congress' started by JimH52, Jun 11, 2008.

  1. JimH52
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    JimH52 Gold Member

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    The Amazing Money Machine


    Obama has raised nearly 1/4 Billion dollars. Can McCain compete with this while he has luke warm evangelical supporters?
     
    Last edited: Jun 11, 2008
  2. Contessa_Sharra
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    Contessa_Sharra Searcher for Accuracy

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    "Luke" warm--- would that be the evangelical thing?



    Well, this country is all about money money money and who has, who doesn't, so I guess the one with the most $$$$$$$$$$$ is a credit to who we are and what we really believe in, LOL.......


    Why would something like that surprise you?
     
  3. dilloduck
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    dilloduck Diamond Member

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    Rich people rule !! yay !!!
     
  4. JimH52
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    JimH52 Gold Member

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    It seems quite a few of Obama's cupporters are small contributors or even just volunteers.

     
  5. jillian
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    jillian Princess Supporting Member

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    Conventional wisdom is that the candidate with the dineros wins. I just don't know if conventional wisdom applies this time around. But it's going to be an interesting run.
     
  6. JimH52
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    JimH52 Gold Member

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    That is usually the case, Jill. It seems the Dems have turned the table on the GOP when it comes to raising cash. One factor with McCain could be the reluctance of the far right to whole heartedly support him. Many neocons I know, and love, are still holding their noses over his impending candidacy. I LOVE IT!
     
  7. LordBrownTrout
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    LordBrownTrout Gold Member

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    I don't really know how to state this but I'll be surprised at whomever wins.
     
  8. maneal
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    maneal Conservative Commentator

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    Even though Obama raised more money as a candidate, McCain has the most money, or cash on hand.

    Senator Obama has $46,500,000 cash on hand. His burn rate (or the amount he spends his money is 114%. He is spending more money than he is making. The DNC has only $4,430,000 cash on hand. The actual party has seen POOR fundraising for Obama.

    Senator McCain has $31,500,000 cash on hand. He has (as a candidate) raised less than Obama, but his campaign has a competitive cash on hand ratio.

    The big jump for McCain is where the RNC comes in. The RNC traditionally raises more money that the DNC, and usually the candidates as well. The RNC as a party has raised more money than the Democratic party and Obama. The RNC adds an additional $53,600,000 to McCain's Campaign as cash on hand.

    So even though Obama has raised more as a candidate, the Republicans still have more money.
     

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