John McCain Raises $22 Million in June
by Todd Beeton, Thu Jul 10, 2008 at 03:51:50 PM EDT
Another decent fundraising month for McCain.
Republican presidential candidate John McCain raised more than $22 million in June, his best fundraising performance of the year, and ended the month with nearly $27 million cash on hand.
That's nothing compared to what the Democrats routinely raised, of course, but the RNC's fundraising is actually putting McCain in fairly decent shape:
The Republican National Committee, which has been raising money jointly with McCain, collected nearly $26 million in June and had nearly $69 million on hand, officials said.
Marc Ambinder breaks down the Republican hopes leading up to the election:
The McCain campaign is betting that, in the end, the combined cash on hand tallies of the Republican National Committee and the McCain campaign will be roughly equal. [...]
Between now and the election, the McCain campaign and the RNC expect to spend about $200 million to elect McCain.
Paired with this is some buzz that Obama's fundraising has not met expecations. Both Ambinder and Sam Stein are reporting Obama's fundraising may have slowed and Ambinder even calls his decision to opt out of public funding a "gamble" and calculates that Obama would have to raise $75 a month to gain enough of an advantage to put McCain on defense in red states in any serious way. I suspect that Ambinder is being a little alarmist here and I look forward to seeing the Obama campaign and the DNC's combined numbers for June, but it probably doesn't hurt to dial back the expectation that we're going to necessarily rout McCain in fundraising leading up to the election.