McCain Begins to Dip into $84 Million in General Election Money

Marc Ambinder and his readers make an interesting catch:

Several readers noticed the disclaimer at the end of John McCain's new ad, "Alaska Maverick."

They're paid for from his general election account. That's the law; from September 1 onward, those ads can't come from the primary kitty. McCain '08 becomes McCain-Palin '08 on Friday, but the ad -- which will air on national cable -- CNN and Fox -- tonight -- comes from the $84 million grant McCain will receive from the government.

Jonathan Martin notes that as this ad is running in "key states" it may in fact amount to one of the "video press release[s]" the McCain campaign has so often released in the hopes of conning the Beltway media to disseminate their message largely free of charge. Fair enough. But this does mark a turning point in the campaign in which the McCain campaign -- unlike the Obama campaign, which did not opt into the public financing system -- but go up against a spending ceiling. Yes, John McCain can benefit from advertisements by the Republican National Committee. However, because these independent expenditures by law are not allowed to be coordinated with campaign headquarters, McCain and his closest advisors cannot have a hand in their creation -- a problem, as noted a moment ago, not faced by Barack Obama.

Of course Obama needs to raise serious money in order to make this tradeoff pay off -- much more than the $47 million raised by the McCain campaign in August (we don't yet have Obama's August numbers, but here's to hoping they exceed any and all expectations, which they might as they could for the first time include serious general election dollars, which the Obama campaign has yet to put much effort into raising). But if Obama can continue to break fundraising records, this monetary and control disparity could be one of the most noticeable differences between the campaigns going forward.

Tags: Fundraising, John McCain, Spending, White House 2008 (all tags)

Comments

16 Comments

now, can we bankrupt the bastard? eom

by notedgeways 2008-09-04 01:29PM | 0 recs
Except

as noting in the diary. The repugs are good at getting the media to run their ads as "news".

Also, the RNC has raised tons of money.

We need to counter this by donating to Obama/Biden AND the DNC.

The DNC helps the down ticket races.

by kevin22262 2008-09-04 01:48PM | 0 recs
Any signal

that the fundraising number is going to be massive, and announced in an attempt to take news away from McCain's speech tomorrow?  Or is that a crazy idea?

by bizzizz 2008-09-04 01:32PM | 0 recs
That's what I think!

Tomorrow we will get the jobs number and it's suppose to be very bad.

Expect Obama to hit on the economy tomorrow.

by puma 2008-09-04 01:45PM | 0 recs
Obama has raised $8 million since

Palin's speech last night and according to Politico is on track to raise $10 million by McCain's speech tonight.

by puma 2008-09-04 01:44PM | 0 recs
Drudge has it up too

PALIN RAISES MONEY -- FOR OBAMA! *Exclusive* Obama scores $8 million since Palin's speech from over 130,000 donors - on pace to hit $10 million by the time John McCain hits stage, campaign says... Developing...
McCain Source: 'We could not count our donations fast enough'...

Palin is firing up the base.

The Democratic base.

by spacemanspiff 2008-09-04 01:46PM | 0 recs
Donate

I finally got the excuse I needed to start dumping some cash into his campaign.

https://donate.barackobama.com/page/cont ribute/dncd4p1?source=mainnav

by spacemanspiff 2008-09-04 01:48PM | 0 recs
I have been

a little worried that people have become complacent. Maybe thinking that Obama was rolling in the dough. This is the same thinking that hurt Hillary's fundraising until people finally woke up... but it was too late.

by kevin22262 2008-09-04 01:51PM | 0 recs
And what should we do?

Give more and if you can, give again!

Thank You Repubs and Sarah Palin!
http://www.mydd.com/story/2008/9/4/17177 /69725

by kevin22262 2008-09-04 01:46PM | 0 recs
Re: McCain Begins to Dip into $84 Million in

Here's a wild guess: Obama seriously outraised McCain in August.  I suspect he's also spent it more wisely than McCain has.

by Skaje 2008-09-04 01:48PM | 0 recs
Re: McCain Begins to Dip into $84 Million in
I thought I read that McCain raised $47 million in July, I think.
Perhaps I read wrong...
by stefystef 2008-09-04 04:20PM | 0 recs
Re: McCain Begins to Dip into $84 Million

...Of course Obama needs to raise serious money in order to make this tradeoff pay off...

Um, considering the Obama campaign has raised a whopping $8M just from the moments after Gov. Palin's speech last night, I'd say that fundraising will continue to NOT be an issue for the campaign.

And apparently they're on track for at least $10M by the time McCain speaks tonight.

Democrats will FINALLY be able to compete in every state they want to.  This is a big deal.

by RussTC3 2008-09-04 01:49PM | 0 recs
Only if we

keep giving when we can and we also need to keep hitting the streets and the phones.

by kevin22262 2008-09-04 01:53PM | 0 recs
Donate

Give Obama some dough.  While you're at it, you can help pay off Hillary's campaign debt:

http://www.actblue.com/page/united_democ ratic_party_money_bomb

by TheUnknown285 2008-09-04 01:58PM | 0 recs
Obama Raised $8 mil after speech.

Meanwhile, the RNC has only raised $1 million after the Palin speech.  Kind of makes you wish she would give some more speeches, doesn't it?

by Susan from 29 2008-09-04 03:47PM | 0 recs
Re: McCain Begins to Dip into $84 Million in Gener

Well, I just saw a McCain commercial on NYC TV and that costed a pretty penny.

So McCain is going to spend his money and call in the 527s for help.

by stefystef 2008-09-04 04:19PM | 0 recs

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