McCain's Serious Fundraising Problem

The McCain campaign brags about its fundraising:

John McCain raised between $4M and $5M this week at eight fundraisers across the country, reports NBC/NJ's Adam Aigner-Treworgy.

His most lucrative event was held at NYC's Plaza Hotel, where the GOP nom collected $2M, according to a campaign source. McCain wrapped the five-day sweep with a Chicago fete that netted him $1M.

The AZ Sen lingered a little longer than usual in the Windy City, perhaps knowing that he was done looking for handouts for at least a week. He heads overseas in coming days as the leader of a congressional delegation of members of the Senate Armed Services cmte.

Four or five million dollars is nothing to cough at -- except when you begin thinking about what that number actually represents. This is the time when money should be pouring into the McCain campaign. Not only has McCain secured the nomination, presumably opening up the floodgates of money from both the GOP base and establishment, he also is free to devote time to fundraise rather than campaign. Indeed, these fundraising events are a testament to that.

But $4 or $5 million in a week works out to only $15 to $20 over the course of a month -- nowhere near the type of money being brought in these days by either the Clinton campaign or the Obama campaign. This is problematic for McCain not only due to the fact that he is unable to keep up with his Democratic rivals, but also because he is unable to match their grassroots support with his traditional big dollar fundraisers.

Clinton and Obama can always go to the well to hold these types of events to meet or exceed McCain's haul. But on top of that, they can also raise real money in new ways as well. While it takes relatively little internal effort or expense by the Obama and Clinton campaigns to tap their supporters for campaign cash -- a typical Obama email, for instance, can bring in $3 million, and one from the Clinton campaign can bring in $2 million -- the McCain campaign had to dedicate significant effort, as well as the candidate's limited time, to try to bring in $4 to $5 million over the course of an entire week. And while the vast majority of those contributing online to Clinton and Obama can give again and again, McCain cannot go back to these big dollar donors again in the future because most have maxed out, or given the most they are allowed by law.

So while the McCain campaign might point to these numbers as a success, it's fairly clear to see that these numbers indicate at least as much of a problem as they do an achievement.

Tags: Fundraising, John McCain (all tags)

Comments

21 Comments

Obama has over 650,000 donations in March

HAlfway through March and Obama has broken 650,000 donations. If we assume $50 is the average donation, that's $32,500,000. IF he did his February average of $75 per donation, that's $48,750,000.

At any rate, I suspect he'll break 1,000,000 donations in the month since there's 16 days left. He'll probably have another record breaking month. too.

And we know Clinton is outstripping McSame by leaps and bounds, too. Should she win the nomination, I suspect Obama would share his donor list with her.

by Walt Starr 2008-03-15 02:19PM | 0 recs
McCain + Nader + Connection

http://www.salon.com/opinion/conason/200 8/02/29/mccain_nader/

Ralph Nader loves John McCain
In 2004, Nader asked McCain to help his campaign -- and the senator rushed to his side. Is the consumer advocate now returning the favor?

By Joe Conason

Republican presidential candidate John McCain, left, and independent presidential candidate Ralph Nader.

Feb. 29, 2008 | Irritated Democrats -- and everyone else who feels that we have heard more than enough from Ralph Nader -- cannot help wondering why he would be running for president yet again, at the risk of becoming a permanent national joke. Is he stroking his own ego, as some critics complain? Is he motivated by principle to offer voters a different choice, as he will insist? Both those explanations may still be plausible, although between 2000 and 2004 his support fell from 3 percent to 0.3 percent, which is not exactly an ego boost nor an endorsement of third-party politics. Even in 2000, when he made his strongest (and most disastrous) showing, he fell far short of his own 5 percent target.

But the evidence suggests another possible motive for Nader to run this year -- namely, that he hopes to help his longtime ally John McCain, to whom he owes at least one big favor. Nader is already focusing his fire on the Democrats, with his Web site featuring dozens of press releases attacking Hillary Clinton and Barack Obama, while none voice the slightest criticism of McCain. In his latest round of television appearances, Nader trained his fire directly on Obama.

Nader's proclivity to boost Republicans and blast Democrats has been a matter of historical record ever since the Florida debacle eight years ago, when his 97,000 votes probably deprived Al Gore of victory in that crucial state. Although the consumer advocate and his supporters continue to deny any such culpability, Republicans clearly feel that his presence on the ballot works to their advantage. As Mike Huckabee noted on hearing of Nader's impending announcement last week, a Nader candidacy tends to siphon votes away from the Democratic presidential nominee. "So naturally," said Huckabee bluntly, "Republicans would welcome his entry into the race."

Actually, Republicans have learned to do more than merely "welcome" Nader. Four years ago, Republican officials and activists in certain swing states helped gather signatures to gain ballot access for Nader, while several major Republican donors sent generous checks to his campaign. And no Republican spoke out more forthrightly on his behalf than McCain, who in 2004 urged the authorities in Florida to put Nader on the ballot there despite his failure to qualify -- and who sent his own lawyer down to the Sunshine State to fight for Nader in court.

McCain launched that intervention from his perch as chairman of the Reform Institute, a Washington think tank funded by corporate soft money and liberal foundations and staffed by McCain staffers and partisans. On the surface, at least, the Arizona senator was pursuing a principled defense of open ballot access, and he recalled how establishment Republicans had used legal technicalities to block him from the New York primary ballot in 2000. He sent Trevor Potter, a prominent attorney and former Federal Election Commission member who has long represented him, to assist the Nader forces in Tallahassee. It was an inspiring story of shared democratic values that crossed the ideological spectrum.

But as the New York Times reported on Sept. 17, 2004, there was a political back story behind McCain's assistance to Nader. According to the Times, "Mr. Potter said that the Nader campaign first sought Mr. McCain's backing in the case last week and that subsequently the Bush campaign also asked him to get involved." (Candidate Nader and his running mate, Peter Camejo, issued a statement thanking McCain and the Reform Institute that is for some reason no longer available on the Nader campaign Web site.)

That tantalizing sequence of events suggests McCain's motive in backing Nader may well have been partisan as well as principled, since the "maverick" senator had only weeks earlier sworn his fealty to George W. Bush on the dais at the Republican National Convention. Certainly the Bush campaign would have felt reassured knowing that Nader would be on the ballot again in Florida, like a lucky rabbit's foot.

The Naderite connections with McCain go back many years to the era when the Arizona senator displayed real maverick tendencies in jousting with corporate interests in the tobacco, telecommunications and automobile lobbies, as well as his strong support for campaign finance reform. Nostalgia for the old McCain may explain why Joan Claybrook, who directs the Nader-founded Public Citizen organization, stepped forward to defend him against the Times exposé of his relationship with lobbyist Vicki Iseman. Meanwhile Claybrook, Nader and other reformers have said little or nothing about McCain's gaming of the public campaign finance system while voicing sharp criticism of Obama for waffling recently on his commitment to accept public financing.

Nader may occasionally tweak McCain over the war in Iraq or the Canadian healthcare system, but they both know that that won't matter. Watch while Nader blisters Obama or Clinton and McCain smiles. Wait to see whether McCain tries to insist that Nader, whose support is minuscule and shrinking, deserves to appear on the debate dais with him and the Democrat. Look for Republicans to prop up Nader with ballot signatures and campaign cash. And remember that this time Nader's candidacy, having descended from tragedy to farce, may simply be an inside joke.

http://www.nolanchart.com/article2990.ht ml

Topic: Presidential Campaign 2008
The McCain, Nader Connection

---------------------------------------- ----------------------------------------
What is the motivation behind Ralph Nader joining the 2008 Presidential race now and why John McCain welcomes the idea.
---------------------------------------- ----------------------------------------
by Kipper Mathews
(Libertarian)
People are saying that Ralph Nader's motivation to run this year hints that he hopes to help his longtime allies the Republicans, namely John McCain to whom he owes one big favor. That "favor" began four years ago when the Republicans spearheaded by John McCain a former member of the Federal Election Commission, urged the authorities in Florida to put Nader on the ballot there despite his failure to qualify, in hopes to draw votes from the Democrats.

McCain also sent his own lawyer, Trevor Potter down to Tallahassee to assist Nader and help him fight in court.

What a guy!

Republicans and activists also gathered signatures to gain ballot access for Nader, while several major Republican lobbyists and special interest donors sent generous checks to his campaign.

The Nader campaign first sought John McCain's backing in the case and the Bush campaign also asked McCain to get involved.

Nader subsequently sent a letter to McCain thanking him for his support.

by dearreader 2008-03-15 03:36PM | 0 recs
I would not be surprised if the big GOP money

was going to Obama right now, to keep Hillary out of the White House by ensuring Obama is the nominee against McCain.

Once Obama is the Dem nominee, McCain will start getting the serious cash.

by architek 2008-03-15 03:55PM | 0 recs
Re: I would not be surprised if the big GOP money

You have got to be kidding.  Obama's fundraising is about 180 degrees reversed from how the GOP does things.

Are we just making random stuff up now?  Do you think if you keep repeating the "GOP wants Obama" line everywhere, people won't notice where Hillary's money is coming from, and the way right-wing radio is pushing for Republicans to vote for her?

by APoxOnBoth 2008-03-15 04:00PM | 0 recs
Re: McCain + Nader + Connection

I always wondered who the heck was financing Nader.  It seemed such a republican thing to do to run an independent 'liberal' to draw votes from the democrats.  

That said, I think Nader will be easier than ever to beat this year since we know he helped Bush in 2000.

by GFORD 2008-03-16 01:33AM | 0 recs
Re: McCain's Serious Fundraising Problem

Do any of us actually doubt that the gopers have the ability, talent, and resources to bankroll a presidential campaign?

by joliepoint 2008-03-15 02:29PM | 0 recs
The question

can they outraise pissed off democrats.

by kindthoughts 2008-03-15 03:21PM | 0 recs
Yes, they have a lot of very rich people

and corporate contributors..

But right now, they want to keep the focus on helping Obama.

by architek 2008-03-15 03:56PM | 0 recs
Yeah

thanks for bringing in BS and vitrol into this discussion. It was going on civilly until your comment.

Helping Obama my ass. Have not heard Rush Limbaughs requests of his audiences.

by kindthoughts 2008-03-15 05:45PM | 0 recs
Howard Dean

Don't assume the democratic party will have unlimited supply of money. Howard Dean is completely incompetent.

http://www.nytimes.com/2008/03/07/us/pol itics/07donate.html?pagewanted=1&_r= 1&bl&ei=5087&en=36eefabad6c1 dbea&ex=1205038800


The Democratic National Committee ended 2007 nearly flat broke, with cash of $2.9 million and debts of $2.2 million. Since then it has raised some money, paid down debt and managed to put $3.7 million in its piggy bank. This compares, however, with $25 million that the Republican National Committee has in cash on hand, after having raised $97 million since the beginning of 2007.

He's burning cash like crazy to help Obama win those caucus states such as AK, KS etc. It's a joke that several hunderal diehard limousine liberals showed up in Arkansas and delivered a 'blowout' victory for Howard Dean's Obama. The entire DNC is packed with Obamabots.

by prisonbreak 2008-03-15 02:30PM | 0 recs
Thats BS

DNC is not allowed to spend mney on a particular campaign

by kindthoughts 2008-03-15 03:16PM | 0 recs
Obama outspent Hillary 3 to 1 in Texas

why and how is he doing this..

Thats a huge ratio...

by architek 2008-03-15 03:58PM | 0 recs
Re: Obama outspent Hillary 3 to 1 in Texas

Hundreds of thousands of small-dollar donors.  It's not like it's a secret.  As for "Why"?  because he can, he's about a year ahead of her on building up a base of internet contributors, which is why she had to spend a week hopping between New York and DC, doing fundraisers just like McCain.

by APoxOnBoth 2008-03-15 04:02PM | 0 recs
Just because you do not know

how to do research is no reason to dump baseless accusations on Howard Dean. Go back to FreeRepublic

by kindthoughts 2008-03-15 05:46PM | 0 recs
Re: Howard Dean

If that were actually true, Hillary would never have had an SD advantage (most of the SD's are state level Party chairs and staff).

The ongoing primary fight is sucking up all the oxygen, not only for the DNC but for down-ticket races.  Beyond that, structurally the Democratic party is different, the DNC has never been a major conduit of presidential general election funds.

Dean is "burning money" to capitalize on Obama's grassroots organizing after the primaries in those states, in preparation for the General, regardless of nominee.

by APoxOnBoth 2008-03-15 03:56PM | 0 recs
Re: McCain's Serious Fundraising Problem

Does more $ = more VOTES?

by nzubechukwu 2008-03-15 02:36PM | 0 recs
Re: Does more $ = more VOTES?

In America, obviously, more and more it DOES.

Thats a HUGE problem.

If it was my choice, I would prohibit money going to campaigns, esp. corporate money.

We should fund campaigns publically.

Corporations should not be allowed to lobby, either.

by architek 2008-03-15 04:00PM | 0 recs
Re: McCain's Serious Fundraising Problem

Please remember, Jonathan, that John McCain was one of the most cash-poor of the GOP candidates, even as late as January of this year.

He borrowed on his own money, when he had next to none and his staff was starved to the bone.

Mitt Romney spent megamillions, as did Rudy Giuliani, but McCain in the end bested all his GOP rivals, and rather easily, once the thick of the campaign was under way.

And as to November, no greater gift was ever given to the GOP than the many sermons on videotape of Senator Obama's twenty-year pastor, longtime family friend, spiritual and political advisor and the source of both the Obama book and credo "The Audacity of Hope"--the Reverend Wright.

All McCain need do is string those many sermons along on the cheap, contrast the once most "influential pastor in the life of a would-be American President," in which America is quite literally damned, with McCain's personal POW story.

There will be a flight to the GOP as never before.

And here's the truly amazing thing: the Obama folk still believe this isn't lethal and that the Dems should still make him the nominee.

In reference to the theme of "M*A*S*H," "Suicide IS NOT painless."

SuperDelegates had better be jumping ship to Senator Clinton soon.

Perhaps they are only waiting until the last major primary, Pennsylvania, also chooses her by a double-digit lead.

Or maybe they do prefer suicide--nominating a "Red and Fringe State" candidate over a "Blue and Bell-weather" one.

Maybe they really do believe the losers club--Dean and Kerry and Ted Kennedy--that Red State America will compensate Obama for a loss in Ohio and Florida.

My guess is that Party elders may be high, but are far more interested in self-preservation.

The unvetted freshman Senator Obama's path to political oblivion is only getting started.

The GOP (and the MSM) are praying the Dems still take the Obama bait.

After all, the whole 2008 campaign was never about electing Obama.

That was never going to happen.

The purpose was to stop the Clintons.

In a few months we shall all know which side has prevailed.

And whether the United States still has a chance to survive.

by lambros 2008-03-15 03:21PM | 0 recs
Re: McCain's Serious Fundraising Problem

I realize this is MyDD and the Clinton astroturfing team practically owns the site, but can you keep it out of threads that have nothing to do with the primary?  What you are saying has absolutely nothing to do with fundraising, in addition to being untrue or exaggerated in so many particulars as to border on the ludicrous.  Everything in your comment after the third line is completely off-topic.

by APoxOnBoth 2008-03-15 03:50PM | 0 recs
you're so right

Obama wil get wiped out by Mc Cain...the only people who can't see that are his followers.

Mc Cain is already positioning himself as a centrist on environmental issues, and Iraq is not the deal-breaker it was last year. Mot people have forgotten about it.

I wonder if the Democratic Party can survive if they lose an election after 8 years of Bush.

by bigbay 2008-03-15 06:00PM | 0 recs
Re: McCain's Serious Fundraising Problem

I don't think this necessarily follows.  It says across the 8 fundraisers, he raised $4-5 mil.  That doesn't imply $4-5 mil total, although it's entirely possible that his campaign would distort the numbers in this way...

by Ramo 2008-03-15 03:30PM | 0 recs

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