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McCain to Rely on RNC Money

Posted May 19, 08 9:10 AM CDT in Politics 

(Newser) – Lagging behind Barack Obama's fundraising juggernaut, John McCain is planning to rely heavily on the Republican National Committee for general-election cash, the New York Times reports. The RNC has $40 million in the bank, compared with McCain’s $21 million, and has big-gun fundraisers like President Bush lining its coffers. “We intend to provide substantial, maybe unprecedented, resources to the McCain campaign,” said the RNC deputy chairman.

There are strict limits on how much advertising the RNC and McCain campaign can collaborate on, but the RNC benefits from a much higher individual donation limit. Big money backers can chip in almost $70,000, a far cry from the $2,300 limit on campaign donations. Add in 527s, and McCain could even outspend the Democrats, says Obama’s campaign manager.

Source New York Times

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Republican presidential candidate, Sen. John McCain, R-Ariz., speaks at the National Rifle Association of America annual meeting Friday, May 16, 2008, in Louisville, Ky.   (AP Photo/Jeff Chiu)
John McCain smiles as he arrives at his chartered plane on Sunday, May 18, 2008, in Newark, N.J.   (AP Photo/Jeff Chiu)
Barack Obama addresses the media in Chicago, in this Feb 6, 2008 file photo.   (AP Photo/Rick Bowmer,File)
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Barack Obama  • John McCain  • McCain 2008  • campaign fundraising  • Republican National Committee  • 527 groups


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