We were supposed to swamp McCain in the money race, but we're barely keeping pace.
From MSNBC's First Read
When Obama's cash reserves are combined with the DNC's, the party has about $92 million to spend right now -- a few million less than John McCain and the RNC.
From TNR's the Stump
But as First Read reminds us, the relevant metric is really Obama + DNC vs. McCain + RNC, and in that calculus it's likely to be about even.
From Marc Ambinder
Some big-mouthed Obama donors had predicted a $100 million month.
Obama spent more time at fundraisers this month than at any time in the past.
Which means he relied less on small donors than at any other time. He hardly went to any fundraisers during the primaries. He didn't need to.
More from First Read
Assuming that Obama rakes in at least $50 million each month from June until the end of October, that will be a minimum of $250 million. And when making the time calculation it takes to raise money, the ability to raise $250 million in five months was seen by many as the minimum a candidate would have to be able to raise to justify opting out and dismantling a finance team.
Still, McCain really doesn’t have a money problem. In fact, as Rick Davis bragged last week, money isn't going to be the issue many thought it would be just two months ago. Why is this? It appears many Republican donors are buying into the argument that the ONLY shot Republicans have of winning anything is the presidency.
We have a long way to go until November. Now is not the time to be complacent. I just tossed in $50. Please donate.