'08 Prez Campaigns Going Broke
Posted Jan 19, 08 3:54 PM CST in
Politics
(Newser)
–
Despite record fund-raising, top presidential hopefuls in both parties have blown almost all of their cash, the New York Times reports. Efforts to knock out opponents early have cost candidates at least $320 million, or 80% of what they have raised. With Super Tuesday fast approaching, “there is definitely some belt-tightening,” said one Barack Obama spokesman. Unless, of course, if you have Mitt Romney’s vast personal fortune.
Obama and Hillary Clinton each raised $100 million last year but have each blown all but about $20 million of it, while GOP fundraising leader Rudy Giuliani has frittered away everything but $7 million. For cash-strapped candidates, like Mike Huckabee, this is good news, analysts say. “At this point, we are all equal,” said Huckabee’s campaign chairman. “Except Romney.”
Source
New York Times
Our editors also recommend:
Loading...
Premium Articles from HighBeam
-
UNIVERSITY SYSTEM OF MARYLAND'S FEDERATED CAMPAIGN PASSES $1 BILLION FUNDRAISING...
Sep 18, 08
|
US Fed News Service, Including US State News
-
Together for Kids, Member Hospitals Launch National Fundraising Campaign, Walk...
Sep 10, 08
|
PR Newswire
-
Along With the Politicking, Time to Cash In; With GOP Lagging in Campaign Fundraising,...
Sep 3, 08
|
The Washington Post
-
United Way faces challenge in hard times ; Fundraising kickoff is Aug. 29 at...
Aug 22, 08
|
Dayton Daily News
-
THE BILLION-DOLLAR CAMPAIGN; Foes put the same ZIP into finding big bucks;...
Aug 17, 08
|
Star Tribune (Minneapolis, MN)
-
Doyle's campaign delays release of fundraising records
Aug 1, 08
|
Telegraph - Herald (Dubuque)
-
Campaign begins to restore church organ ; A fundraising campaign to restore...
Jul 25, 08
|
Express & Echo (Exeter UK)
-
Hagan touts fundraising; Dole campaign cries foul.(Triad)
Jul 10, 08
|
The News & Record (Piedmont Triad, NC)
-
MAFFEI LAUNCHES ELECTION CAMPAIGN ON TV; THE DEMOCRATIC CONGRESSIONAL CANDIDATE...
Jul 9, 08
|
The Post-Standard (Syracuse, NY)
-
Mayor's race could hit $750,000 in combined campaign spending.(A-Section)(Former...
Jul 9, 08
|
The Register-Guard (Eugene, OR)
Find more articles like this