Oct. 23, 2008

Obama Fundraising Down, McCain's Cash Low

Both Campaigns Facing Money Issues In Remaining Days, But Democrat In Much Better Position

  •  (AP / CBS)

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(AP)  An acclaimed celebrity makeup artist for Republican vice presidential candidate Sarah Palin collected more money from John McCain's campaign than his foreign policy adviser.

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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Add a Comment See all 17 Comments
by tangouniforn October 25, 2008 3:51 AM EDT
It IS the economy stupid. Is the country better off today than it was 4 years ago?
Reply to this comment
by jeannettelj October 25, 2008 2:05 AM EDT
WHEN WILL MCCAIN''S CAMPAIGN QUIT SPENDING MONEY LIKE A DRUNKEN SAILOR? MY GOD, MY HUSBAND AND I COULD LIVE FOR 2-3 YEARS ON WHAT THEY HAVE SPENT ON SARAH PALIN. ( NOT COUNTING THE CLOTHES). MICHELL OBAMA WORE A SIMPLE DRESS TO THE DEMOCRATIC CONVENTION AND CINDY MCCAIN HAD AN "OUTFIT" THAT COST $330,000. ARE THESE THE KIND OF PEOPLE WE WANT IN THE WHITE HOUSE? NOT!!!
Reply to this comment
by tachoma-2009 October 24, 2008 10:13 PM EDT
McCain''s funds are dwindling because just like wallstreet the rich elite pull out their money before the whole thing come crashing down.
Reply to this comment
by iowacotton October 24, 2008 9:54 PM EDT
I''m donating all the profits from my investments this year to Mccain...$0!
Reply to this comment
by tx2democrats October 24, 2008 8:18 PM EDT
ExHillary Supporters here. We have not given Obama any money to date. Our first contributions will start tonight. Our kids are having a bake sale to raise money for Obama as well. We are also having a garage sale tomorrow and all the monies are going to Obama.
Reply to this comment
by suzyku October 24, 2008 7:21 PM EDT
I have just contributed to OBAMA again and I encourage everyone that can to do the same, we''re in the home stretch and we can''t let up now!
Reply to this comment
by misha128-2009 October 24, 2008 7:07 PM EDT
I wonder if Republican lobbyists have figured out there will less Republicans to lobby after the election?
Reply to this comment
by armydog2 October 24, 2008 6:42 PM EDT
mr22585
Where do you get your statistics about the Military?
Reply to this comment
by john6pack October 24, 2008 6:24 PM EDT
"the campaign paid $22,800 to Palin''s traveling stylist, Amy Strozzi, an acclaimed celebrity makeup artist. In contrast, McCain''s foreign policy adviser, Randy Scheunemann, was paid $12,500, the report showed."

O my god, McCain spends more for lipstick on a pig (and clothing) than he spends on the foreign policy adviser....''Country first!'' Senator!
Reply to this comment
by john6pack October 24, 2008 5:37 PM EDT
"the campaign paid $22,800 to Palin''s traveling stylist, Amy Strozzi, an acclaimed celebrity makeup artist. In contrast, McCain''s foreign policy adviser, Randy Scheunemann, was paid $12,500, the report showed."

O my god, McCain spends more lipstick on a pig (and clothing) than he spends on the foreign policy adviser....''Country first'' Senator!

Reply to this comment
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