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Re: Obama: Amazing Money Machine (none / 0)

It was Clinton, not Obama, who had the fundraising edge heading into the 2008 contests. At the end of last year, Clinton had nearly $38 million cash on hand. And although that amount included the $10 million transfer from her Senate campaign account, as well as lots of money that could only be used in the general election, it eclipsed Obama's $18.6 in the bank. But once we entered the New Year, the rest was history: Obama went on to raise a million (or more) a day, while Clinton, although still raising plenty of money, ran out of cash and is now more than $20 million in debt. This turning point -- when Clinton went from money leader to being essentially broke -- can't be overstated. And it's also worth noting that this is the second-straight cycle that the candidate who raised the most money heading into the nominating contests (Howard Dean won that honor in '03) will probably not be the nominee.
http://firstread.msnbc.msn.com/archive/2 008/05/16/1029646.aspx
We care about politics because we know politics matters for people's lives and opportunities.
by politicsmatters on Fri May 16, 2008 at 11:27:13 AM EST


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