Obama Significantly Outspending McCain/RNC on Ads

Chris Cillizza has the details:

Barack Obama is outspending John McCain at nearly a three-to-one clip on television time in the final weeks of the presidential election, according to ad buy information obtained by The Fix, a financial edge that is almost certainly contributing to the momentum for the Illinois senator in key battleground states.

From Sept. 30 to Oct. 6, Obama spent more than $20 million on television ads in 17 states including more than $3 million in Pennsylvania and more than $2 million each in Florida, Michigan and Pennsylvania. McCain in that same time frame spent just $7.2 million in 14 states. Even when the Republican National Committee's independent expenditure spending in Indiana, Michigan, Ohio, Pennsylvania, Virginia and Wisconsin is factored in (a total of $5.3 million), Obama still outspent the combined GOP forces by roughly $8 million in the last week alone.

There had been concern for a time that Barack Obama's fundraising juggernaut might not be enough for the combined fundraising might of the McCain campaign and the Republican National Committee -- the two of which, along with assorted state parties, could reap campaign contributions approaching $100,000 in size -- but this report from Cillizza should help assuage such worries. The fact that the Obama campaign is still advertising in 17 states -- not 8 or 11, but a 17 -- says a great deal. Obama still has a sizable 60 percent plus edge in ad spending even considering RNC independent expenditures. With McCain's negatives already on the rise and the political environment clearly favoring the Democrats, it's going to be awfully difficult for the GOP nominee to claw his way back in this with significantly less money to spend than his Democratic rival.

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Palin fundraiser fined $72 million by SEC for "unethical trading" less than 3 years ago

Sarah Palin and John McCain are out talking about how "greed and corruption" on Wall Street led us into the financial chaos that is hurting us all right now. They say they'll use their "maverick-y" ways to clamp down on these abuses.

That's why the details of the fundraiser in Naples, Florida yesterday that Sarah Palin headlined at a $10,000 per person (closed to the press) is of great interest.

The fundraiser was held at the home of  John "Jack" Donahue, the Chairman and founder of Federated Investors, a massive financial services company. In November 2005, Federated Investors paid $72 million in fines and penalties as the result of a SEC investigation into "unethical trading practices." They paid millions more in refunds to investors and as a settlement with then NY AG Spitzer.

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College Republicans: A $4.7M Direct Mail Scam

Cross posted from Future Majority - a blog about progressive youth politics.

I thought I'd weigh-in on a public battle between B. Lee Drake of the College Democrats and the College Republican National Committee.  Last week, Drake posted an op-ed accusing the CRNC of being nothing more than an ineffectual slush fund for the Republican Party:

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$100 million in September? YES WE CAN!

This is absolutely do-able...but we only have a few days left.

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Idea for a new Obama fundraising strategy (could be fun)

My idea for a new obama fundraiser is that everytime John Mcain or one of his leutenants harp on a particularly false story like Sara Palin was against earmarks or an obvious lie like Obama is being sexist by saying lipstick on a pig, we then set up a fund where in we donate a dollar for everytime we hear that lie repeated on a news show and then tabulate the total as the Earmarks fund or the lipstick fund and see how much we can help Obama. It could help blunt the GOP's attacks and raise the issue of their decieptfullness.  

Its only a dollar because the GOP would make us all broke if it were any more.

Recc this if you think its a good idea.

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