Besides votes, there's something else that goes hand-in-hand with primary season: the almighty dollar. Without it, you won't get very far, unless your Mike Huckabee who was nearly broke a few weeks ago. But Huckabee's success on a thin budget is rare, even unheard of.
Throughout this contest, we've learned that Barack Obama knows how to raise money. In January alone, Obama raised $32 million, dwarfing the $14 million raised by Hillary Clinton in that same time. And days after Super Tuesday it appeared that the Clinton campaign was suffering from financial woes. That was confirmed when Clinton loaned her campaign $5 million of her own dollars. Obama, on the other hand, raised $7 million in the 36 hours after Super Tuesday without having to dig in his own pocket. As Clinton advisors worked without pay, the Obama campaign added this latest turn of events to its already bulstering momentum.
In what is sure to be a long race for Clinton and Obama, mo' money does mean less problems. But, one thing's for sure; having tons of money won't always get you to the finish line. Just ask Mitt Romney. He spent an estimated $1.16 million per delegate, meaning it would've cost him $1.13 billion dollars to get the nod from the GOP.
Ouch.
Thursday, February 7, 2008
Mo' Money Less Problems
Posted by
J. Randall Cooper
at
5:01 PM
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