McCain...Rolling In Campaign Cash

He may have started out slowly but Maverick is raising a lot of money now.

John McCain raised $27 million in July, his largest one-month fundraising haul since clinching the Republican presidential nomination, while the Republican National Committee brought in nearly $26 million.

The GOP nominee-in-waiting had $21 million available to spend as August began, while the national party began the month with $75 million to compete with the Democrats.

Since he's decided to accept public financing, McCain has to spend the $21 million in his campaign fund before he formally accepts the nomination in early September. Once he accepts the nomination, the McCain campaign will receive $84 million from the federal government for use in the general election campaign.The GOP however can continue to raise and spend money in support of McCain's campaign but there are some restrictions on how that money can be spent.

Here's the latest ad from McCain. I wish he would stick to these ads and not the 'I'm Maverick Hear Me Roar' ones they seem to alternate between.

Related [Gabe]: Remember all the hubbub about McCain withdrawing from public matching funds in the primary? FEC staff attorneys say it was okay. The commission votes next week.

posted by DrewM. at 01:23 PM

| Access Comments