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GOP Has Twice as Much Cash as Dems

Posted Sep 16, 08 8:51 AM CDT in Politics 

(Newser) – Coming into the home stretch, the Republicans have about twice as much campaign money on hand as the Democrats, reports Bloomberg—about $200 million to $95 million. Though Barack Obama has raised record sums, the Democratic National Committee’s current $17.5 million lags far behind the GOP’s $76 million. These committees may continue to raise and spend money to support their candidates, so long as they don’t coordinate strategy.

John McCain’s campaign spending is capped at the $84 million he has accepted from the government, while Obama, the first candidate to reject taxpayer support, can continue to bring in cash. While this requires the Dem to spend time fundraising, it gives him a chance to build on his record $66 million in August.

Source Bloomberg

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Republican National Committee Chairman Robert "Mike" Duncan gavels a recess at the Republican National Convention in St. Paul, Minn., Monday, Sept. 1, 2008.   (AP Photo/Ron Edmonds)
Democratic presidential candidate, Sen. Barack Obama, D-Ill., right, greets supporters after a fundraiser in New York, Wednesday, July 9, 2008.   (AP Photo/Jae C. Hong)
Republican presidential candidate, Sen. John McCain, R-Ariz., right, is introduced to a supporter, before a fundraiser in Louisville, Kentucky, Saturday, June 28, 2008.   (AP Photo/LM Otero)
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