Archives » Monday, July 02, 2007
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Holly Bailey
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Jul 2, 2007 03:42 PM
Could things get any worse for John McCain? On the heels of last
weekend's second quarter presidential fund-raising deadline, the
Arizona senator announced today that he'd raised just $11 million
during the last three months. That's even less than what he raised
during the first quarter, when he trailed Mitt Romney and Rudy Giuliani
by millions. Back then, McCain blamed himself for not setting up enough
fundraisers so that people could donate money to him. But after months
of McCain spending in upwards of three to four days a week soliciting
funds, that can no longer be his excuse. The most shocking number
however isn't what he raised, but how much he spent. McCain's campaign
said Monday they have just $2 million in the bank, which means he's
likely spent more than any other presidential hopeful in the race,
Democrat or Republican. As a result, his campaign announced serious
cost-cutting measures. As many as 50 staffers will be laid off and many
of his senior aides will work without pay. Among those working for free
until things turn around: Terry Nelson, McCain's campaign manager. It's
a surprising turn of events for a guy who was once considered the
Republican to beat in 2008. Team McCain originally believed they could
raise $100 million this year, but in a conference call with reporters,
Nelson today bluntly admitted they were wrong.
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