Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Uproar After NC State Agent 'Fixes' Girl's Lunch Preschooler has to eat chicken nuggets instead of mom's meal »

GOP Has Twice as Much Cash as Dems

McCain Plus RNC Currently Double the Cash of Obama Plus DNC

By Gabriel Winant,  Newser User

Posted Sep 16, 2008 8:51 AM CDT

(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.

Republican National Committee Chairman Robert Mike Duncan gavels a recess at the Republican National Convention in St. Paul, Minn., Monday, Sept. 1, 2008.
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.
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.
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)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

Small Donors Gave 48% of Obama's 2011 Donations

Obama Losing Super PAC War

Most Popular National Politician Today Is ...

Democrats Winning 2012 Money Race (Sort of)

Romney Rakes In $18M—and That Worries the GOP


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne