Oct. 23, 2008
Obama Fundraising Down, McCain's Cash Low
Both Campaigns Facing Money Issues In Remaining Days, But Democrat In Much Better Position
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(AP / CBS)
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Interactive The Money Race See the latest campaign finance tallies from Obama and McCain.
Amy Strozzi, who works on the reality show "So You Think You Can Dance" and has been Palin's traveling stylist, was paid $22,800, according to campaign finance reports for the first two weeks in October. In contrast, McCain's foreign policy adviser, Randy Scheunemann, was paid $12,500, the report showed.
McCain's campaign said the payment covered a portion of her work in September and a portion of October. An earlier campaign finance report showed Strozzi was paid $13,200 for a portion of September.
In recent days, McCain and his running mate have tried to douse a furor over how their side spent their money. The Republican National Committee came under scrutiny after the party committee reported earlier this week that it had spent about $150,000 in September on wardrobe and cosmetics after Palin joined the GOP ticket.
In an interview with the Chicago Tribune and Fox News on Thursday, Palin said the clothes bought for the Republican National Convention were not worth $150,000 and said most have not left her campaign plane. She also said the family shops frugally.
"Those clothes are not my property. We had three days of using clothes that the RNC purchased," Palin told Fox News in an interview that aired Thursday night.
There was no evidence of additional clothing purchases in the most recent reports.
The Obama campaign has said it paid for hair and makeup costs associated with interviews or events, but neither the campaign nor the Democratic National Committee has paid for clothing.
The reports showed that Barack Obama and McCain enter the final days of the presidential campaign amid dwindling reserves, with Obama hindered by a sudden drop in fundraising and McCain restrained by spending limits.
Obama, the Democratic nominee, spent more than $105 million during the first two weeks of October, according to campaign finance reports. He reported raising only $36 million for his campaign during that period, about half the fundraising pace he enjoyed in September.
The Illinois senator shattered records and dumbfounded Republicans and Democrats by raising $150 million in September. Obama could still do better in October. His more recent report showed he had taken no share from a joint Obama-Democratic Party victory fund that raised about $27 million during the same October period.
But with the election 11 days away, both Obama and McCain, the Republican nominee, are operating with diminishing funds.
Obama had nearly $66 million in the bank at the end of the two-week period and debts of about $2.3 million. The Democratic National Committee and the joint victory fund reported combined cash on hand of $31 million.
McCain and the Republican National Committee reported having a combined $84 million as of last week to spend before Election Day.
The reports illustrated Obama's superior financial position going into October. He spent more than $80 million on media advertising. McCain, using his resources and the Republican National Committee's, spent a combined $38 million on ads.
McCain, who has accepted public financing for his campaign, is restricted in his spending. As of Oct. 15 he had more than $25 million in hand and more than $1 million in debts. The RNC, which has been helping his candidacy, had more than $59 million in the bank.
At McCain's spending rate of $1.5 million a day, the Arizona senator likely has only $12 million to spend in the next 11 days before the Nov. 4 election. He began the fall campaign in September with $84 million in public funds.
Obama is not participating in the public finance system, a strategy he used to advantage in September with a remarkable surge of donations. His October fundraising slowed, even though Democrats had hoped that presidential and vice presidential debates held during that period would have spurred additional giving.
Obama and his wife, Michelle, issued e-mail fundraising appeals on Thursday. The candidate warned supporters that "the margins of victory in crucial battleground states will be small."
Added his wife: "It all comes down to Friday morning when we make the last, tough choices about where we can fight — and how hard."
McCain's major expense was advertising — he spent more than $19 million from Oct. 1-15 on ads. The RNC contributed an extra $10 million to help with those media buys. It also spent $8.5 million on ads on behalf of McCain that were placed independently of his campaign.
McCain still has $21 million left over from the primary elections that he cannot use in the general but can distribute to Republican Party committees. In October, he doled out $8.5 million from that account to party committees in the battleground states of Missouri, Pennsylvania, Virginia, Wisconsin, Nevada, Ohio, North Carolina and Florida.
Obama contributed $14 million to Democratic committees in those states and more.
© MMVIII The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Where do you get your statistics about the Military?
O my god, McCain spends more for lipstick on a pig (and clothing) than he spends on the foreign policy adviser....''Country first!'' Senator!
O my god, McCain spends more lipstick on a pig (and clothing) than he spends on the foreign policy adviser....''Country first'' Senator!
will spend on a party
Did you get your "spread the wealth around, its good for everyone" check yet? If after filing federal taxes your tax bill is less than $500 you get a check every year from now on, if Obama wins. Is this "checks for votes"?
"We the people" are paying north of $22 billion every year to some of "we the people" who can figure out how to have low enough earnings to pay less than $500.00 in federal income tax. Do you call that incentive?
Jim
Today on my way to lunch, I passed a homeless guy sitting
on the sidewalk with the extra advertisement
"Vote Obama, I need the money".
I laughed.
In the restaurant,
the waiter had an Obama ''08 button with his Obama necktie.
Again I laughed.
When the $12 lunch bill came, I explained to the waiter
that I was testing the Obama wealth redistribution concept.
He stood there, dumbstruck and mad, as I told him I would be
giving his tip to the homeless guy outside who needed it more.
The waiter trotted off seething, while the homeless guy
was thrilled that he receieved money he didnt EARN!
Just a short lesson in Obama socialist economics.
Great story, huh? (and true) just happened
Try it yourself in the next few days!
LOLOLOL....
- by iphotografu October 24, 2008 3:10 PM EDT
- Okay, Sarah''s got me confused. They spent $150,000.00 on clothes for her family, but she says they''re not WORTH $150,000.00, and most were left on the campaign plane? Then she goes on to laugh about how "frugal" they are?
- Reply to this comment
See all 17 CommentsThey overpaid on clothes, then let them sit around unworn, and this is a sign of frugality?
They pay her makeup artist more than they do their foreign policy advisor? This is an example of their priorities?
I''m glad I already voted Obama.