Below The Beltway

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If Money Is The Mother’s Milk Of Politics….

by Doug Mataconis @ 6:20 pm on June 5, 2008.

John McCain is going to have to find a pretty big teat:

With Hillary Clinton’s campaign coming to an end this weekend, Barack Obama’s rise as the Democratic nominee brings serious bad news to a new group: John McCain’s finance team.

A review of campaign finance data offers not one ounce of good news and barely any hope for the McCain campaign’s ability to compete with Obama’s fundraising prowess.

To make matters worse, Obama’s campaign, which raised $272 million through April for the primary, now is reaching out to Clinton’s fundraisers, who raised another $200 million through April, in an effort to unite forces and bury the historically deep-pocketed Republicans.

Take a look at some of the numbers:

• If each of Obama’s donors gave him a modest $250, he’d have $375 million to spend during the two-month general election sprint. That’s $186 million a month, $47 million a week.

• During the same September to Nov. 4 period, McCain will have about $85 million to spend since he has decided to take taxpayer money to help finance his campaign activities.

• The Republican National Committee, which is charged with closing the gap between McCain and Obama, has $40 million in cash. Obama raised almost as much — $31 million — from just his small donors in the month of February. His total for the month, $57 million, exceeded the RNC’s cash balance.

• Obama has more than 1.5 million donors; McCain has a few hundred thousand. If just a million of Obama’s donors sent him the maximum donation, $2,300, he could raise $2.3 billion.

OK, that’s not going to happen. But campaign finance experts and Democratic fundraisers say a conservative estimate of Obama’s general election fundraising potential hovers around or above $300 million.

No message.

Less charisma.

A base who doesn’t really like him all that much.

Yea, this is gonna go well.