Competition In The Money Race
The big news in the world of Presidential campaign fundraising is not so much that Barack Obama raised $52 million in June. Rather, it is that after all of the claims that Democrats would be in a position to massively outspend Republicans in the race for the Presidency, it is the Republicans who actually have more cash on hand. And with John McCain getting over $80 million in public financing once he is officially the Republican nominee, this means that Republicans will be able to compete with Democrats in terms of financing as each side seeks the White House.
The Obama campaign may raise more than the McCain campaign, of course. But the Republican National Committee continues to outdo its Democratic counterpart to more than make up the difference. And in the end, that’s what matters as far as fundraising goes, isn’t it?