Sunday, June 22, 2008

All of a Sudden Obama Has Money Problems?


Heartbreaking, isn't it? The timing couldn't be better, coming after he broke his public-financing promise. Take a look at the chart and realize between Obama and Hillary Clinton, they spent nearly $460 million to date.

Just imagine for a moment what they might have had to spend if they didn't get favorable media coverage from 99% of the news media.

So now that Woe-bama's fundraising largess has shriveled up to pauper-like McCain levels, what will golden boy do?

Paging Mr. Soros, come in George Soros.
New campaign-finance filings reveal Clinton has even more debt than previously reported, while Obama's fund-raising has stalled.

He pulled in $22 million in May - a sharp drop from the $30 million to $55 million he got in each of the prior three months.

And presumptive Republican nominee John McCain came up almost even with his Democratic rival, taking in $21 million last month.

The new reports show Clinton's debt has risen to $22.5 million - $12 million of which is in personal loans she poured into her campaign - and she reported only $3 million in available cash. More debt is expected to be reported in the coming weeks.
Such fiscal irresponsibility? Then again, they are Democrats.
Obama, who last week broke his pledge to use the general election's public-finance system, ended May with $43 million in hand and $304,000 in debt.

Only $10 million can be spent in the fall after the party conventions, leaving Obama with $33 million to carry him through the summer months.

McCain, who will accept public financing, will have $84 million to spend in the general election.
So what happened to the $500 million man?

Who knows, maybe they're paying someone off for this spate of fawning stories about his wife.

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