After yet another gonzo fundraising month, the real story is, of course, that Barack Obama is doomed, doomed I say, boy, doomed.
Hot Air:
All in all, the Obama campaign has had a good summer. However, they’re increasingly playing at a disadvantage. Obama won’t get the $84 million in public financing McCain receives on September 4th, and which will last him the final 60 days of the election. McCain won’t have to spend a dime to get that money, and can continue to assist the RNC in their highly successful efforts — which will have all of the focus after the convention.
But here’s the problem. Right now, Obama has about $66 million on hand. Provided he can bank $18 million in August (which, given his week off, likely helped decrease his burn rate), he’ll have...$84 million on hand. By the convention, he and McCain will be on equal footing financially and he’ll still have two more months of $50 million-plus fundraising to kick in. He’s looking at a likely 2-1 or better money scenario. This isn’t including the DNC’s fundraising (the problematic thing for the RNC is that McCain’s already started funneling his donors to them, and they’re starting to get outraised by the DNC), or the DCCC and DSCC’s superior operations.
Math is hard, though, as Don Surber amply demonstrates: