This is not good news for the GOP front runner:
John McCain, who ended the year with a $4.5 million debt, plans six coast-to-coast fundraisers in three days to capitalize on his Florida victory and front-runner status and build on the $7 million he raised in the first three weeks of January.
$7 million? That really fails in comparison to Obama’s $32 million he raised in January. But McCain isn’t the only problem for the GOP. Even their congressional races are coming up short:
[…]New fund-raising figures to be made public on Thursday will show that the national campaign committee of the House Democrats ended 2007 with $35 million in the bank and $1.3 million in debt. The Republicans’ committee had $5 million in the bank and $2 million in debt.
Senate Democrats, who intend to report $29.4 million in the bank with $1.5 million in debt, are expected to be comfortably ahead of Republicans in the holdings of their campaign committees as well. The National Republican Senatorial Campaign Committee would not make its year-end fund-raising figures available on Wednesday.
Remember a few short years ago when the Republicans touted their money machine? They stood proud of how much money they could raise for campaigns. Well where is this celebration now? They wanted us to think that money represented public opinion, and if that is the case then they are really in a bad spot. Keep praising Bush guys – it’s working wonders!