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May 24, 2008 McCain Campaign Cancels Bush Fundraiser
Ordinarily, even an unpopular president can pull in megabucks from his own party. But in a sign that President George Bush may not be much help to John McCain in his fundraising efforts, the campaign has cancelled a gala event at the Phoenix Convention Center due at least partially to a lack of ticket sales:
Already at a huge disadvantage money wise, the idea that McCain will not be able to rely on Bush to bring in huge amounts of money might be a real problem down the road. If the President can't rake in the cash in conservative Arizona, where would he be more successful? With Obama's ability to raise $30-40 million a month, the GOP candidate is in danger of being absolutely swamped by the Democrat's money machine. Since McCain will almost certainly opt for federal financing, he will receive $80 million the day after the convention in September to run his entire campaign - infrastructure, travel, ad buys, and personnel. Obama may have twice that amount when all is said and done. And in a close race, it may be the difference between victory and defeat. |
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