McCain raised $7 million first 3 weeks of January

[blakjak]

WASHINGTON (AP) — John McCain ended the year with $3 million cash on hand and a $4.5 million debt, but he raised $7 million in the first three weeks of January and planned to capitalize on his Florida victory Tuesday with coast-to-coast fundraisers over the next three days.

McCain's end-of-year financial reports, filed late Tuesday with the Federal Election Commission, showed he raised $6.7 million during the last three months of 2007 and borrowed $3 million.

The Republican presidential candidate spent nearly $9.5 million during the quarter, with $4.3 million devoted to advertising.

The totals, a month old now, bear little semblance to the current state of the campaign.

McCain, whose finances slumped last summer, has been rebuilding his treasury with every primary victory this month. He won in New Hampshire, South Carolina and Florida. He now heads into the sweeping, delegate-rich Feb. 5 primaries and caucuses with a strong wind at his back, but still facing a rival in Mitt Romney who is willing to dip into his own personal fortune to stay in the race.

The McCain campaign plans fundraisers in San Francisco and Los Angeles on Thursday, St. Louis and Chicago on Friday and Nashville and Atlanta on Saturday.

His campaign would not say how much money McCain currently has on hand. McCain has qualified for public financing, but with his victories, his momentum and his string of scheduled fundraisers, it is not likely that he will accept the money and the limitations on spending that are attached.

http://ap.google.com/article/ALeqM5iU_P23eyGmxqE8EEa7ba6r86BpIwD8UGAU1G0

[IPSecure]

McCain using Public Funds ($8.8 Million!) to Finance Campaign!

http://www.politico.com/news/stories/0108/8158.html

We are paying for this!

Where is the outrage?

[The Good Doctor]

So much for McCain/Feingold. Ron Paul should run with this big time tonight.


McCain using Public Funds ($8.8 Million!) to Finance Campaign!

http://www.politico.com/news/stories/0108/8158.html

We are paying for this!

Where is the outrage?

[itshappening]

McCain got a load of free MSM and now is gettingg the GOP fundraisers

[agaiziunas]

I plan on spiking the Ron Paul moneybomb Feb 1st (perfect timing with my paycheck) for another $400. I'm sure others will do the same. Keep the "fringe" candidate outraising all the frontrunners, and we'll see the convention.

RP didn't start the year with any debt either ;-)

[JordanQ72]

So much for McCain/Feingold. Ron Paul should run with this big time tonight.

How is what he's doing contrary to McCain-Feingold?

[luaPnoR]

Speaking of the Feb 1st Wedding Bomb have you guys seen this video? It made me cry!

http://www.youtube.com/watch?v=Df1n-0K5apk

[Jeremy]

He raised 7 mil in 3 weeks

We raised 6 mil in one day

[Jae0]

He raised 7 mil in 3 weeks

We raised 6 mil in one day

Needs repeating!

[blakjak]

He raised 7 mil in 3 weeks

We raised 6 mil in one day

But we have no financial advantage as many people have suggested. McCain, Huckabee, and Romney are not broke.

[literatim]

But we have no financial advantage as many people have suggested. McCain, Huckabee, and Romney are not broke.

Yes they are. They spent all the money they had left in Florida.


McCain using Public Funds ($8.8 Million!) to Finance Campaign!

http://www.politico.com/news/stories/0108/8158.html

We are paying for this!

Where is the outrage?

Why should there be an outrage? Matching funds come from a voluntary tax.

[blakjak]

Yes they are. They spent all the money they had left in Florida.

source?

[JMann]

But we have no financial advantage as many people have suggested. McCain, Huckabee, and Romney are not broke.

Good... The more people the better chances this race goes to the convention.

[blakjak]

Why should there be an outrage? Matching funds come from a voluntary tax.

Yup, there's a question when you file your taxes - "Would you like to donate to the presidential campaign?" Completely voluntary.

[JordanQ72]

He raised 7 mil in 3 weeks

We raised 6 mil in one day

And?

Do we raise 6 mil every day? No
Did we even raise 7 mil so far? No

So what was your point again? I've never seen the point of 'money bombs'. Breaking donation records is all fine when they're spontaneous, but when you simply have a large chunk of supporters hold off from donating for like 6 weeks and then burst donate on one day, I don't know, I just never got the point.

[Ronin]

And?

Do we raise 6 mil every day? No
Did we even raise 7 mil so far? No

So what was your point again? I've never seen the point of 'money bombs'. Breaking donation records is all fine when they're spontaneous, but when you simply have a large chunk of supporters hold off from donating for like 6 weeks and then burst donate on one day, I don't know, I just never got the point.

The point was to get MSM attention. It had the added benefit of bringing us together as well as funding the campaign.

[kyleAF]

Yes they are. They spent all the money they had left in Florida.



Why should there be an outrage? Matching funds come from a voluntary tax.

No they don't.

The $3.00 campaign fund on your tax return comes out of a general fund, which is funded generally by the taxpayers...

...not just by those who check the box.

[kyleAF]

And?

Do we raise 6 mil every day? No
Did we even raise 7 mil so far? No

So what was your point again? I've never seen the point of 'money bombs'. Breaking donation records is all fine when they're spontaneous, but when you simply have a large chunk of supporters hold off from donating for like 6 weeks and then burst donate on one day, I don't know, I just never got the point.

Exactly what do you agree with Ron Paul and the campaign on??

Just curious... I haven't seen a positive post yet... just rants against the gold standard and then this.

Why did you join the campaign? (We all have different reasons)

[JordanQ72]

Why did you join the campaign? (We all have different reasons)

Because I hate socialists. Admittedly, I disagree with Ron Paul on many topics, but I can't pass up the chance to get someone in that high that wants to abolish all that bullshit.