All That Money He Can't UseJohn McCain has raised an astounding $27 million in July-the most since he clinched the Republican nomination:
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 problem with all of this is that John McCain has crippled himself by agreeing to take public financing for the General Election-and that means that he must spend all of this money by the end of this month. Meanwhile, the hypocrite Barack Obama-the man who earlier in this election cycle exclaimed the heroic virtues of public financing- will not take it because he knows that doing so will limit his ability to raise money.
Polls show that the race is extremely tight at this point in the campaign, and that all of the arguments that Barack Obama's opponents have made against him are beginning to sink in and have a real impact. If McCain's ability to get his message out is hampered by limits which he himself chose to accept while his opponent fails to do so, that will not only hamper his campaign, but could prove to be the biggest factor if he fails to win in November in a year when so many Americans have real doubts about his opponent.