Obama Spends $1.5 Million a Day; Outspends, Outraises Clinton, Ends Month With More Cash on Hand

[DeepModem Mom]

AP: Obama Spends $1.5 Million a Day
Friday March 21
By Jim Kuhnhenn, Associated Press Writer
Obama Outspends and Outraises Clinton, Ends Month With More Cash on Hand

WASHINGTON (AP) -- Hillary Rodham Clinton upped the tempo of her fundraising and her spending last month, only to be eclipsed by rival Barack Obama. At month's end, with debts of nearly $9 million, her money was nearly spent and he was sitting atop $30 million in available cash.

Obama's campaign spent at a rate of nearly $1.5 million a day in February, a crucial month that began with the Feb. 5 Super Tuesday and ended with both candidates marching to a showdown March 4 in Texas and Ohio. Clinton, riding her best fundraising period yet, spent about $1 million a day on average.

But reports filed with the Federal Election commission late Thursday showed that Obama set a single-month fundraising record, with more than $55 million in contributions.

Both Democrats ended up with more than $30 million in the bank, but Clinton can't use two-thirds of her cash on hand because it's only for the general election. That and her debt left her with less than $3 million in the black. The debt doesn't include the $5 million she lent her campaign in January.

Obama's fundraising juggernaut is unprecedented and gave him a significant advantage this month as they prepared for a confrontation in Pennsylvania on April 22. Obama's spending edge continued into March. An analysis of ad spending between Feb. 10 and March 10 by TNS Media Intelligence/CMAG had Obama spending $17 million to Clinton's $8.6 million....

http://biz.yahoo.com/ap/080321/campaign_finances.html?.v=1

[Yael]

1. 3 million in the black + 5 million loan = 2 million in the hole

Way to control those costs, Team Clinton!

[zabet]

2. And Obama still cannot

shut the Clinton machine down.
You might say, he hasn't even
been able to buy the nomination
yet.

[EmperorHasNoClothes]

3. Running out of money would be another good reason to drop out

It's not exactly a good sign if you can't fire up enough public support to fund your campaign.

[MediaBabe]

4. Money talks. That's part of how Bush won in 2000 - money

Not qualifications - money. Advertising. Welcome to America where everything is for sale.

[Life Long Dem]

5. No it's not a good for Clinton.

Obama has an open spigot of money and the Clinton campaign owes millions to vendors.