McCain Camp: Our Budget Is $400 Million
In a conference call this afternoon, John McCain's campaign manager, Rick Davis, suggested that the campaign will "be looking at a unified budget of over $400 million" when all is said and done.
That "relatively conservative number," he added, will put the campaign "on par with what we believe the potential resources for the Obama campaign is going to be."
Davis said that the McCain campaign and Republican National Committee had $95 million cash on hand at the end of July – $26.7 million for the McCain campaign and $67.8 million for the RNC. (McCain's figure is down from the $31.5 million he had on hand at the end of May.)
He said McCain raised "just over $22 million" in the month of June – more than the candidate has raised in any previous month.
Davis also said that "the McCain campaign spends about $10 million a month less to run their campaign" than Obama, which he suggested has helped the campaign of the presumptive GOP nominee close the cash-on-hand gap on his rival.
Davis added that the McCain campaign has outspent Obama on advertising "just under three to one" since April, a factor he suggested could have helped keep Obama from maintaining a significant head-to-head advantage in national polls following Hillary Clinton's departure from the Democratic race.
Davis' suggestion that the campaign would have a $400 million budget results from his adding together the campaign and RNC's current cash-on-hand, the money he expects will be raised by the two groups' combined efforts from today ($95 million), the $84 million the campaign will get from the Federal Election Commission as a result of public financing, and various other fundraising efforts.
"We anticipate having over $210 million available to us from September up on to Election Day," Davis said. The Republican National Convention will take place at the beginning of September, and it is then, when McCain becomes the official GOP nominee, that he will take the public financing money. (Obama opted out of the public financing system.)
Davis estimated that 40 percent of the funds raised are coming as a result of a direct mail campaign, 20 percent is coming from the Internet, and the rest is coming from major donors. He said that McCain is presently doing about one fundraiser per day, excluding weekends.
Obama's campaign hasn't released his June numbers yet. In May, Obama raised $23.3 million and had $43.1 million on hand.
© 2008 CBS Interactive Inc.. All Rights Reserved. That "relatively conservative number," he added, will put the campaign "on par with what we believe the potential resources for the Obama campaign is going to be."
Davis said that the McCain campaign and Republican National Committee had $95 million cash on hand at the end of July – $26.7 million for the McCain campaign and $67.8 million for the RNC. (McCain's figure is down from the $31.5 million he had on hand at the end of May.)
He said McCain raised "just over $22 million" in the month of June – more than the candidate has raised in any previous month.
Davis also said that "the McCain campaign spends about $10 million a month less to run their campaign" than Obama, which he suggested has helped the campaign of the presumptive GOP nominee close the cash-on-hand gap on his rival.
Davis added that the McCain campaign has outspent Obama on advertising "just under three to one" since April, a factor he suggested could have helped keep Obama from maintaining a significant head-to-head advantage in national polls following Hillary Clinton's departure from the Democratic race.
Davis' suggestion that the campaign would have a $400 million budget results from his adding together the campaign and RNC's current cash-on-hand, the money he expects will be raised by the two groups' combined efforts from today ($95 million), the $84 million the campaign will get from the Federal Election Commission as a result of public financing, and various other fundraising efforts.
"We anticipate having over $210 million available to us from September up on to Election Day," Davis said. The Republican National Convention will take place at the beginning of September, and it is then, when McCain becomes the official GOP nominee, that he will take the public financing money. (Obama opted out of the public financing system.)
Davis estimated that 40 percent of the funds raised are coming as a result of a direct mail campaign, 20 percent is coming from the Internet, and the rest is coming from major donors. He said that McCain is presently doing about one fundraiser per day, excluding weekends.
Obama's campaign hasn't released his June numbers yet. In May, Obama raised $23.3 million and had $43.1 million on hand.
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You 14%ers have not a clue do you.
People could really surprise you when they VOTE AGAINST your doomed "party". That is if you ever pull your heads up out of the sand.
The reality is the voters usually vote against someone....wait until November elections.
That reminds me, the press missed the one yesterday about Obama saying that kids should learn to speak Spanish and that he''s ashamed that most American''s can only speak one language? There they go with that being ashamed of America again. Too bad he wasn''t ashamed when his minister shouted, "GOD DAAAAAAM AMERICA",
......Oh yeh, and the issue of Obama''s patriotism.....look for it to come back, big time.
The Surge in Iraq has been a monumental success.
Oil will soon be very plentiful once we can drill where ever we want (and, continue to charge what ever we wish too).
America will be free of Al-Quiada as soon as we can start the next never ending mismanaged war against Iran my friendz%u2026bomb, bomb, bomb, bomb-bomb Iran%u2026.
Muy hente estan necessario para trabajar for el cheapo (with no benefits) mis amigos.
America doesn%u2019t need health care.
Tax cuts, tax cuts, and more tax cuts my friendzzz (with more spending)
Now, these are all changes we can believe in%u2026
At that time, he told us that McCain would be able to supplement his "public" financing with party and special interest money - here is your proof...$400M of it.
John Kerry got bushwacked in 2004 by Bush''s special interest money, and Obama is alot smarter this time around.
Obama intends to be financially competitive, and he is doing it through millions of small donations from regular people - and that includes me. I''m gonna continue giving his campaign $100 each month until he is elected President.
As Paul Harvey used to say...now you know the rest of the story!
Posted by ramos937
Not sure, but I think that $85mil is for between the election and the convention, and the RNC can spend as much on his behalf as it can raise?
Barack''ll maybe be okay for June, but it''ll be interesting to see whether McCain beats Barack in July because so many of us feel like he''s flipped us off on some sort of power-tripping tangent, like somebody in basket-ball who slam-dunks with hot-dogging when the team is down a point with 2 seconds left on the clock.
Technically Dems are up 3 points, but wow that''s way too close a margin to be hot-dogging as-if it''s all in the bag already.
What if after holding himself out there as the moral voice of parenting, it turns out he''s had affairs with women who ended up supporting Hillary and come out as an October surprise and it''s like a Harold Ford Jr. kind of a scenario? I mean, we all laugh at McCain''s daily campaign implosions but I mean the Clintons are still hovering around . . . you just never underestimate the competition like that I wouldn''t think . . .