Three of the major candidates for President spent more last quarter than they brought in:
Sen. Hillary Rodham Clinton (D-N.Y.) and former New York mayor Rudolph W. Giuliani (R), the front-runners for their parties’ presidential nominations, entered the final months of the primary season with another crucial advantage: more money to spend than their rivals.
Clinton topped the Democratic field, reporting $35 million available to spend on the primaries, edging out Sen. Barack Obama (Ill.), who had roughly $32 million in reserve for the battle for the nomination, the campaigns reported. Both Democrats continued to enjoy a huge advantage over their Republican counterparts. Giuliani ended September with $16 million in his campaign account, while his closest competitor, former Massachusetts governor Mitt Romney, had $9 million in available cash.
Obama, Giuliani and Romney all spent more than they raised in the past three months, with Romney spending $21 million — more than twice what his campaign brought in.
If this is how they are with their own money, I’d hate to see how they handle ours.
H/T: Vodkapundit
October 16th, 2007 at 8:45 am
barack o8